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India dreams of capturing 8-9 per cent of the total global trade by 2020, however looking at the present scenario, it may capture a share of only 5-6 per cent by 2020.
2019 in review: The year that was
The production of the Textile Engineering Industry (TEI) recorded a decrease of 1 per cent viz. Rs 6,865 crore in 2018-19 as against Rs 6,900 crore achieved during 2017-18.
Textile machinery output stagnant, but exports rise: M Trivedi
While speaking at the 59th Annual General Meeting of the Machinery Manufacturers’ Association (India) on September 27, 2019 at Hotel Trident, Mumbai, TMMA’s ex-Chairman Mehul Trivedi spoke on the production trends in the textile engineering industry.
MMF consumption to remain stable
In FY18, the domestic MMF industry in volume terms stood at 2,506 million kg. Domestic MMF demand witnessed an uptick of about 3.6% in FY18 on account of release of pent-up demand post the demonetisation and GST implementation.
India imposes duty on NFY from Vietnam, EU
The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union.
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