Courtesy: WikimediaThe seam tapes market is expected to grow from $205 million in 2018 to $283 million by 2023, at a CAGR of 6.7 per cent says a new report. The seam tapes market is dependent on the growing demand of sports and outdoor apparel industry, increase in demand for protective clothing and accessories. The volatile price of raw materials can pose a challenge to it. Asia Pacific is expected to be the largest market for the seam tapes and have the highest growth rate during the foreca

Courtesy: SensientSensient Imaging Technologies, a leading developer and manufacturer of digital inks, has announced that it has entered into a distribution agreement with Spot Uluslararasi Tekstil for the Turkish market. Founded in 1991 and based in Istanbul, Spot Uluslararasi Tekstil will help promote Sensient’s range of high quality digital textile inks throughout Turkey. “Spot Uluslararasi Tekstil is an experienced partner with a strong reputation for quality and service that matches the

The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed RBI’s move to provide a loan-restructuring window for MSMEs with loans up to ₹25 crore. RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade.The restructuring has to be implemented by March 31, 2020. “This will provide a much-needed boost to the small and medium enterprises that had be

India’s Flipkart is concentrating more on categories like grocery, furniture and private labels to attract customers to its platform and expand its market share, according to chief executive officer Kalyan Krishnamurthy. Flipkart will continue to invest in innovation for consumers and sellers this year with a focus on ‘impactful, inclusive growth’, he said. As a high level of e-commerce continues in the traditional categories like consumer electronics, fashion, appliances, home goods, additi

Courtesy: SIMAThe Southern India Mills’ Association (SIMA) has released an improved version of the Code/Guidelines for employment in textile industry, by including the employment of migrant and contract workers, in addition to the women workers. Companies adopting the SIMA code must consider the social impact of its operations in addition to working conditions. “The Code will be in Compliance with law, rules and regulations in force, to maintain a moral and ethical standards to be adopted by

Courtesy: University of RajsahiScientists at the Applied Chemistry and Engineering Department in Rajshahi University (RU) have developed an environment-friendly technology that can be used by Bangladesh’s textile industry. The technology will play a role in creating an environment-friendly apparel sector. The textile industry damages environment because its uses huge quantity of water. The team was led by Dr. Mohammad Taufiq Alam. In a study, Alam revealed that textile industry in the co

Courtesy:Ricardo Esquivel from PexelsThe average tariff on Indian textile products in the EU and the US is higher compared to competing countries like Bangladesh and Pakistan, minister of state for textiles Ajay Tamta said in a written reply in Rajya Sabha. The US and the EU are top textile export destinations for India with share of 17 per cent and 15 per cent respectively. Indian textile exports to the US attract average tariff of 6.2 per cent, compared to 3.9 per cent for Bangladesh, 5.5 p

150 kW RF dryer; Courtesy: A.T.E.A.T.E., an India-based engineering group offering solutions in manufacturing, industrial sales, distribution, and services, will now sell RF dryers of Italy-based Stalam across India. So far, A.T.E. has been representing Stalam across much of India, except the northern region. A.T.E. has now started handling this business for the north India territory too. Stalam has entrusted A.T.E. with the responsibility of handling sales and service in the northern region

India’s textiles sector will require 17 million additional workforce by 2022, the textile ministry said recently. The country employs over 45 million people in the sector now. In the last four years, 8.58 lakh persons have been trained in partnership with 58 government and industry partners to meet the sector's need for a skilled workforce. The ministry’s strategy involves boosting exports through diversification of markets, positioning India in value chain and promoting collaborative exports

A delegation from the Confederation of Indian Industry (CII) in Tamil Nadu state’ Tiruppur visited Ho Chi Minh City last month to explore investment opportunities and meet representatives of enterprises there. The Indian delegation visited garment and textile units in the Mekong Delta city of Can Tho and the southern province of Dong Nai. India and Vietnam have defined garment and textiles as a priority sector in bilateral ties, according to a report by a news agency. India is one of the