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Robust spinning segment raises machinery output
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
Big upswing in Oerlikon orders & sales
Oerlikon Group’s Manmade Fibers business recorded a substantial uptick in orders and sales, driven by the recovery of the filament equipment market in China.
Raga Tex hints at entering new segment
Raga Tex, was launched in 1996 as a proprietorship concern by a young lady entrepreneur Thiurmagal, ably assisted by her doctor husband Dr Bharathi Muthurathinam. “It appears that many big retailers abroad, either have already done, are planning to open shop, in India. We should therefore have plans to start investing in brand building and product promotion, within India”, says G Shekar, Executive Director, Raga Tex India Private Limited, in an interview with ITJ Senior Editor Karthik Muthuveeran.
Rs 4k cr package likely for leather industry
The Indian Government is expected to announce a Rs 4,000-crore incentive package for the leather and footwear segment in July to boost manufacturing, exports and job creation in the country.
Oerlikon ties up for disposable nonwovens
The Manmade Fibers segment of the Swiss Oerlikon Group is entering into a strategic partnership with the Italian company Teknoweb Materials s.r.l. aimed at extending the nonwovens production systems portfolio to include the high-growth market for disposable nonwovens.
Mauritius sops for textile exporters
The Mauritius Government will be launching the Air Freight Rebate Scheme known as the ‘Speed-to-Market’ scheme (STMS) for its textile and apparel segment this month after consultations with the various stakeholders.
Rs 6k crore special package may cover hometex
The Rs 6,000-crore special package, which was recently approved for the garment sector, may cover the home textile segment, the sector which was earlier excluded from its ambit.