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MoU to help SC handloom weavers
NSFDC under the Ministry of Social Justice and Empowerment signed an MoU with the Development Commissioner (Handlooms) to help SC weavers and their families by promoting production and marketing of high-value quality handlooms products.
TexMin increases yarn banks’ corpus fund
Powerloom weavers in Pandesara and Ved Road industrial areas of Surat, Gujarat will be able to procure yarn-raw material for the polyester fabric at concessional rates with the Ministry of Textiles increasing the corpus fund for India’s first yarn banks in the city from Rs 1 crore to Rs 2 crore.
Picanol posts strong 2016 results
The Picanol Group, which specialises in the development, production and sale of weaving machines, engineered casting solutions and custom-made controllers, has reported seventh consecutive year of strong results.
Allow small powerloom units to withdraw more money: FIASWI AGM
The 39th Annual General Meeting of the Federation of Indian Art Silk Weaving Industry (FIASWI) was held in Mumbai on the December 14, 2016. Arunchandra N Jariwala has been declared as Chairman, EMERITUS. Bharatbhai T Gandhi, Director, Bell Textiles Pvt Ltd, Surat, was elected as Chairman of FIASWI for 2016-17.
Yarn stocks pile up in TN
As production in spinning mills has come to a grinding halt since demonetisation, sales of yarn in western Tamil Nadu have plummeted. As a consequence, yarn stocks are piled up in city mills most of which rely on migrant labourers who have stopped work.
Santex Rimar Group’s weaving solutions
Santex Rimar Group’s weaving division will be present at ITMA Asia in Shanghai with a Terry Jaquard loom under SMIT brand for first rate terry towels productions.
Santex Rimar Group is focused on customers
On the occasion of ITMA ASIA 2016, Santex Rimar Group will participate with all Group’s brands unified to strengthen the new mission of being the only reference partner for different solutions.
Weaving: Hopes on decentralised sector
Weaving industry has been progressing well in the last couple of years. The first boom was in 2004 and 2005, when weaving attracted a lot of investment. Then it slowed a bit. Again in 2012, one more boom period started.
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