Seeking opportunities in times of adversity, Indian government is seriously thinking of allowing PPE makers to export nearly 50 lakh personal protective equipment (PPE) suits a month. Several industry bodies like AEPC and others have been urging the government to allow PPE export . As AEPC chairman, A Sakthiv... Read more
The clarion call of ‘Atmanirbhar Bharat’ (self reliant India ) given by Prime Minister Narendra Modi does not just imply import substitution but also capacity building to dominate the global market. Pursuing such a policy can help Indian manufacturers boost manufacturing and export capacitie... Read more
Recognizing the need to healthy and sustainable lifestyle in today’s uncertain times, Intertextile Shanghai Home Textiles has collaborated with the NellyRodi Agency for its 2021 Autumn edition that will focus on the design theme ‘Bound’ with three trends: Cozy Warmth, Past Future and Bold Cl... Read more
Shengze, home to the largest silk wholesale market known for silk and man-made silk ranks 9th in top thousand Chinese towns for the economic strength. China National Textile and Apparel Council (CNTAC) has chosen Shengze as a ‘Pilot Zone’ in its efforts to foster and encourage more mega-class text... Read more
To interpret the impact of COVID-19 on the global textile value chain, ITMF recently conducted its fourth Corona Survey amongst 600 members across the world. The study indicated the textile sector orders will revive in Q4 2020.
Textile orders decline by 40 per cent
The survey showed, textile orders across t... Read more
Until the end of last century, China had been staggering in developing its own carbon fiber technology that remained at a low level inefficient for the production in commercialization scale, and the carbon fiber needed for composite materials had to be imported. It is the wet-spinning process, the technologic... Read more
Ever since China Chemical Fibers Association (CCFA) launched its green fiber program several years ago, about 30 chemical fiber companies have been qualified for the certificate of the green fiber logo and the green fiber-rich products.
China Chemical Fibers Association (CCFA) recently organi... Read more
Proving to be silver lining amongst the dark clouds, Facebook Inc recently announced an investment of $5.7 billion into India’s largest telecom company, Reliance Jio, instantly valuing Jio to being among the top five companies in India.
According to the Harvard Business Review, though this deal is largely digita... Read more
With exports falling nearly 65 per cent in April 2020, the textile industry in Pakistan is on a shaky ground. Exports during the month, declined to $404 million, against exports of $11,139 million during the same month previous year. The outlook for May 2020 too is not very optimistic as nearly 75 per cent of the prese... Read more
A new forecast by the Institute for Supply Management published in the ‘Spring 2020 Semiannual Economic Forecast’ indicates that in the US manufacturing, revenue, capital expenditures and utilization are all expected to contract substantially this year due to the coronavirus pandemic.
However, the same sur... Read more
As businesses remain shut and balance sheets get stressed, the pace at which the denim industry is trying to develop a sustainable supply chain is slowing down. This is mainly because the crisis has generated extreme contraction in product consumption which has led to a decline in investments in sustainability, says Lu... Read more
In the pre Corona period, statistics show 2019 as an year of continued growth in textiles and apparel online sales to conclude 6.69 trillion Yuan, up by 12.06 percent Year- on- Year. B2B ecommerce sales topped taking a lion-share of 73.24 percent at 4.9 trillion Yuan. Online retail sales of apparel/home-textiles mainta... Read more
CMAI has welcomed the measures announced by Nirmala Sitharaman, Finance Minister, especially those connected with the Government’s support to the MSME Sector – on which she focused on today.
According to CMAI, the enhancing of the upper limits of the sector, the merging of the manufacturing and service sec... Read more