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MGC takes over Melchior Textil
MGC, the textile manufacturing joint venture between the Carrington Textiles and the Portugal based TMG - Acabamentos Texteis SA and strategic finishing partner for Melchior Textil, has taken over Melchior Textil (Germany) from HOS-Group.
GHCL net revenue for Q3FY20 down by 4%
GHCL, India’s leading chemical and textile company, announced its financial results for the third quarter of financial year 2020-21.
Welspun’s HygroCotton completes 15 years
Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction. HygroCotton is crafted with a proprietary spinning technology, producing yarn with a hollow core.
India to hit $7 bn in MMF textiles exports in 2020: SRTEPC
Exports of Indian man-made fibre (MMF) textiles is expected to reach $7 billion by the end of fiscal 2020-21, witnessing a growth of at least 10 per cent from the current level, according to Ronak Rughani, Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC).
India has standards for 348 technical textile products
207 technical textiles items have been brought under a separate head in the Harmonised System of Nomenclature (HSN) code and the Bureau of Indian Standards (BIS) has developed standards for 348 technical textile products
Plain Vanilla will not work in 2020
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
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