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India’s textile policy seeks focus on handicraft
March 2017
The new textiles policy will focus on a three-pronged approach to boost the growth of Indian handicraft sector, which is facing tough competition from international players.
ContiTech opens new plant for coated fabrics
March 2017
The opening of ContiTech’s new facility for coated fabrics marks a special milestone in the company’s history in China. It is the first international production site for elastomer coatings outside Germany.
Basant Wire-Stewart extend partnership
March 2017
Stewarts of America Inc and Jaipur-based Basant Wire Industries (Pvt) Ltd have announced longstanding partnership, which has now resulted in an agreement whereby Stewarts of America Inc has provided all intellectual property, manufacturing know-how and machinery for the production of open-end spinning components.
Saree out of excise duty ambit
March 2017
Textile traders in the country’s largest man-made fabric (MMF) wholesale market in Surat are upbeat following the decision of the Central Board of Excise and Customs (CBEC) to keep saree out of the ambit of made-ups.
KSIC setting up 2nd silk unit in Mysuru
March 2017
In order to meet the growing demand, the Karnataka Silk Industries Corporation (KSIC) is setting up a second integrated silk weaving unit in Mysuru at a cost of Rs 24 crore, which will begin operations by July 2017.
Rupa & Fruit of the Loom sign pact
March 2017
Oban Fashions Private Limited, a wholly-owned subsidiary of Rupa and Company Limited, has entered into a license agreement with Fruit of the Loom, INC, headquartered in Kentucky, a wholly-owned subsidiary of Berkshire Hathaway.
Dual tax hits Surat textile shop owners
March 2017
Textile shop owners in Surat are an unhappy lot today, for they have been asked to pay property tax for the shelf space created inside the shops for storing the grey fabrics and finished stock.
Financial aid for handloom weavers
March 2017
The Union Textiles Minister Smriti Irani unveiled a Mudra portal recently that will enable banks to deposit financial assistance to handloom weavers in electronic mode and credit the loan directly to their accounts.
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