Govt signs MoUs worth Rs 455 cr at textile conclave
The one-day Punjab Apparel and Textile Conclave proved to be beneficial for boosting investment in the state, as the government signed pacts worth Rs 455.34 crore, Minister for Industries Sunder Sham Arora said. During the conclave, organised in Ludhiana, MoUs worth Rs 455.34 crore were signed between the state government and nine prominent industries, Arora added.
Lenzing to invest €100 mn in sustainable technologies
The Lenzing Group is expanding its environmental leadership commitment. As a leader in wood-based cellulosic fibres, the Austria-based company is continuing its ambitious roadmap towards sustainability in textile and nonwovens industries, by investing more than €100 million in sustainable manufacturing technologies and production facilities until 2022.
Apparel exports to decline by 10% in FY19 due to GST
India’s apparel exports downturn may continue and is expected to decline by overall 10 per cent in FY19, a senior industry official said. In 2017-18 exports declined by 4 per cent to $16.7 billion.
Colorjet bags TV100 Industrial Excellence Award
ColorJet India Ltd, India’s only manufacturer and biggest Indian marketer of digital fabric printers has reinforced its No. 1 position by winning the TV100 Industrial Excellence Award 2018 in the ‘Largest Manufacturer of Digital Textile Printers in India’ category, thereby contributing aggressively towards Prime Minister Narendra Modi’s Make-in-India initiative.
Hohenstein opens textile testing lab in Dhaka
Hohenstein is expanding its worldwide services with a new laboratory in Dhaka, Bangladesh. On July 28, 2018, the laboratory will be officially opened by Professor Stefan Mecheels, who is the third generation to lead the family-run company.
Archroma’s acquisition of M Dohmen complete
Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced it has acquired all remaining minority shares in M Dohmen SA, an international group specialising in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors.
SRTEPC holds road show for Source India 2018
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), Mumbai, the apex Export Promotion Council of MMFT exporters organised first Road Show/Seminar on “Source India 2018” quite recently in Bhiwandi at the Hotel Regent Garden with the support of our member-exporters and other textiles associations in and around Bhiwandi.
Siemens, Bentley tie-up for Academy
Siemens’ Process Industries and Drives and Digital Factories divisions are teaming up with Bentley Systems’ Bentley Institute to establish a Process Industries Academy that will support the companies’ joint vision for cloud services and digital work-flows in engineering and operations.
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