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Textile machinery output dips 5%, import up 1,447 cr
In his inaugural speech, at the 56th Annual General Meeting of the Textile Machinery Manufacturers’ Association (India) at Hotel Trident in Mumbai, R Rajendran, Chairman of TMMA, said that the Indian economy in 2015-16 was the shining example of one of the fastest growing economies and oasis of the world in the wake of global slowdown fueled by fall in oil and commodity prices. The GDP grew at 7.6 per cent in 2015-16, continued till date, the highest in last five years as against 7.2 per cent clocked in 2014-15. There was macroeconomic stability and prudent fiscal management. The fiscal deficit target of 3.9 per cent has been met and a fiscal deficit target of 3.5 per cent has been set.
Huntsman bags DMAI awards
The Textile Effects division of Huntsman Corporation has been selected as the overall winner in the 2016 Dyestuff Manufacturers’ Association of India Awards (DMAI) 2016 for recognition of “Excellent Performance in Exports of Dyestuffs by Large Scale unit”. Huntsman Textile Effects also won the category for “Excellent Performance in Safety & Hazards Control by a Large Scale unit”. The awards recognize the outstanding contribution of Huntsman Textile Effects in supporting environment, health and safety and sustainability for the textile industry.
ADD on PTA to hit Surat’s MMF sector
Surat, which is famed to house India’s largest man-made fabric (MMF) hub, is in for bad times with the Indian Finance Ministry’s decision to impose definitive anti-dumping duty on purified terephthalic acid (PTA) imports from China, Iran, Taiwan, Indonesia and Malaysia.
Bangla blueprint for $50-bn export
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) drawn up an ambitious blueprint achieve $50 billion export earnings by 2021 from the apparel sector.
Trousers top Bangla’s RMG export list
Bangladesh’s total readymade garment (RMG) shipment touched $28.09 billion in the last fiscal, of which trousers topped the list of apparel exports item accounting for more than 22 per cent.
Huntsman bags DMAI awards
Textile Effects Division of Huntsman Corporation has bagged the 2016 Dyestuff Manufacturers’ Association of India (DMAI) Awards 2016, in recognition of its “Excellent Performance in Exports of Dyestuffs by Large Scale unit”. Huntsman Textile Effects also won the award in the category for “Excellent Performance in Safety & Hazards Control by a Large Scale unit”.
Jain elected as new president of NITMA
TT Ltd’s Managing Director, Sanjay K Jain has been elected as President of Northern India Textile Mills’ Association (NITMA). Jain is a prominent, dynamic and young textile leader who apart from NITMA holds various other important positions in various other associations across the country. Jain is deputy chairman of the Northern India Textile Research Association (NITRA) and Vice President of Federation of Hosiery Manufacturers’ Association of India (FOHMA) & West Bengal Hosiery Association (WBHA).
India leads GOTS certification in 2015
The number of facilities certified to the Global Organic Textile Standard (GOTS) kept on growing last year, from 3,663 facilities in 2014 to 3,814 facilities in 2015. GOTS is recognised worldwide as the leading processing standard for textiles made with organic fibres. GOTS certified facilities are now located in 68 (63 in 2014) countries around the world.