At the newly inaugurated Kakatiya textile park in Warangal, among others textile players, Welspun group and Gujarat based Nandan Denim of Chiripal group have proposed to invest about Rs1,450 crore. Welspun and Nandan Denim will be investing Rs 750 crore and Rs 700 crore, respectively. While the Korean company Youngone Corporation has proposed to invest about Rs 1,000 crore, The state government has signed memorandum of understanding (MoUs) with 13 companies, which are going to invest in th

Ahlstrom-Munksjö, a leader in fibre-based materials, has announced the launch of Ahlstrom-Munksjö PureArmor, a breathable impervious fabric for blood borne pathogen and cleanroom apparel protection. “PureArmor eliminates the need to choose between comfort and protection. It offers the highest possible level of protection for sensitive environments without sacrificing the wearer's comfort, which is unique when compared to fabrics frequently used in cleanroom apparel,” said Lionel Bonte, Vice P

Garment production at the Hoa Tho Textile and Garment JSC’s actory in South Dong Ha Industrial Park, Quang Tri Province. It will also blunt the industry’s competitive edge further, they add. According to a 2016 report from the Ministry of Industry and Trade (MoIT), by the end of last year, 99 per cent of cotton used in the textile industry, reaching 1.03 million tonnes worth about US$1.7 billion, was imported, a year-on-year increase of two per cent in quantity and 2.5 per cent in value.

The textiles and jute ministry has applied to the finance ministry for allocating Tk800 crore in loan assistance so that it can pay workers and employees at the state-owned jute mills the allowances that have remained due for years. According to the jute ministry letter, the Bangladesh Jute Mills Corporation woes Tk773.93 crore in gratuity, provident fund and dearness allowance to the workers and employees of the jute mills under its jurisdiction. Of the total dues, Tk260.68 crore is in gr

Country’s specialised textile industries have been facing problem in meeting export orders due to an acute shortage of raw materials as cotton and garment wastes are being smuggled out and exported to India, industry people said. They said the specialised textile industries produce yarn from cotton waste of spinning mills and garment waste better known as jhut through recycling and the yarn is used to produce terry towel, home textile, denim fabric, and khadi fabrics. Sector people said th

The African Development Bank (AfDB) and its partners have launched a specialized training programme for entrepreneurs and start-ups in the textile, apparel and accessories (TA&A) sector in Africa. The training is part of AfDB’s ‘Fashionomics Africa’ initiative aimed at increasing Africa’s participation in the global textile industry supply chain. The project phase kicked off in Addis Ababa on October 4 in partnership with the Hub of Africa Fashion Week (HAFW) 2017 event and global non-go

Turkish textile group Taypa will invest €35 million ($41.2 million) to construct a factory in Kraljevo, central Serbia. The investment will be made over a period of 5 years, according to the memorandum of understanding signed by Taypa president Mesut Toprak and Serbian economy minister Goran Knezevic on the sidelines of an event in Belgrade. The new factory is expected to create employment opportunity for 2,500 Serbians, as per Serbian media reports. Earlier in July this year, Serbian Pres

Heimtextil 2018, world's leading trade fair for home and contract textiles, will focus on textile solutions for architects and interior designers. Beginning from January 9, the fair will expand its exhibition space for furnishing and upholstery fabrics. The international trade exhibition holds a leading position in the textiles industry. The four-day trade fair will present upholstery and decorative fabrics in five hall levels (3.0, 3.1, 4.0, 4.1 and 4.2). The enormous collection of furnishin

The Belt and Road Initiative mirrors the profound transformation of a China that has become more active on the global stage, an Italian scholar told Xinhua in a recent interview. China has played an increasingly important role as a global player when Chinese President Xi Jinping sought for a more assertive and engaged foreign policy, said Francesco Mancini, associate dean and visiting associate professor at Lee Kuan Yew School of Public Policy in Singapore. Mancini said the Belt and Road

Global cotton stocks outside of China are expected to rise by nearly 12 million bales to a record 53 million bales in 2017-18 season, predicts the US department of agriculture (USDA). Despite a relatively strong forecast of 3.8 per cent increase in global cotton use, a 15 percent expansion in production will outpace demand, increasing global stocks. “China’s cotton import policy remains a major wildcard. Despite market rumours of possible increased import access, there has been no official in