Courtesy: Parker Burchfield on Unsplash India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.13 per cent for the month of September 2018 over same month of last year. The index for apparel declined by 0.4 per cent to 138.6 in September, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.The official WPI for all commodities (Base: 2011-12 = 100) for the month of September 2018 rose by 0.7 per c

Around 130 Italian companies from ACIMIT are taking part in the ongoing ITMA Asia + CITME 2018 expo, at the Industry Information Hub – Association Village, in hall 1, stand F58. The international textile machinery exhibition is being held from October 15-19, 2018, in Shanghai, China. ACIMIT is the Association of Italian Textile Machinery Manufacturers. Of these, 63 manufacturers are presenting their technology offerings within National Sector Groups organised by ACIMIT and the ICE-Agency. Th

Indian spinners, who had reported a multi-year low profitability during 2017-18 due to multiple headwinds, have heaved a sigh of relief following the surge in export demand for cotton yarn. Though the growth pace is expected to moderate this year, India is set to record a strong growth in cotton yarn exports during this fiscal, according to an ICRA report. Cotton yarn exports for the full year are expected to report a healthy growth this fiscal. While the strong Y-o-Y growth of 56 per ce

Courtesy: Splash Splash, a brand owned by the Landmark Group, has partnered with Natur-Tec, a business unit of Northern Technologies, to pioneer a new sustainable biopolymer-based packaging solution in the Middle East and South Asian region. The brand’s 80 million polybags a year have been replaced with bioplastics - a bio-based alternative to conventional plastics. The bio-based carbon is helping reduce 298 tons of carbon dioxide emissions a year. At the end of useful life, these eco-friend

Indian textiles minister Smriti Irani recently assured Manipur state of sustained support from the central government for the textile industry and welfare of weavers and farmers. While inaugurating a three-day silk expo and workshop in Imphal, she said the foundation stone of an Eri silk spinning mill worth ₹22 crore would be laid in November in the state. Manipur state chief minister N Biren Singh said the Eri mill, to be set up with central government funding, is expected to offer em

Courtesy: Huntsman Huntsman Textile Effects and Chemours are set to expand their long-term alliance in the area of durable water repellence (DWR). By combining the strengths of both companies in innovation, technical support, and marketing, the expanded co-operation unlocks the full potential of the alliance to develop and deliver new, sustainable DWR solutions and chemistry. The historical alliance that was established in the early 1990s has been at the forefront of delivering state-of-the

There is an urgent need for diversifying the product basket of the Indian textiles by producing more blended apparel to meet the increasing needs of the global fashion industry, said trade advisor to textiles ministry, Aditi Rout. Each company in the supply chain should focus on improving manufacturing efficiency to compete in the international market. The exports of India's textile and clothing industry is majorly to countries where there is no free trade or any preferential trade agreement,

Courtesy: Road Show Mexico Four textile machinery manufacturers associations UCMTF of France, AMEC of Spain, Symatex of Belgium, and BTMA of Great Britain are set to organise the European Textile Machinery Roadshow. The show for apparel, carpeting, and technical (automotive) textile machinery firms will be held in Mexico on November 20, 2018 and in Puebla on November 21, 2018. More than 18 manufacturers have joined the show. On the Mexican side, the initiative has also received a strong sup

The Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) will work directly with weavers and designers to boost sales of hand-woven, hand-embroidered and hand-crafted products in India and abroad, FLO president Aparna Reddy told a handloom business meeting organised by FLO, FICCI and Facebook in New Delhi recently. The handloom and handicraft sector has the potential to strengthen livelihoods in a sustainable manner but there is a dearth of information ava

The Tiruppur Exporters’ Association (TEA) has welcomed the recent Central Board of Indirect Taxes and Customs (CBIC) clarification that exporters claiming refund of integrated goods and services tax (IGST) paid on export of goods can get it even if they import capital goods under the Export Promotion of Capital Goods (EPCG) scheme, saying it is a great relief. TEA president Raja M Shanmugham said in a statement that despite the permission given for imports made under EPCG scheme, the relief