The Federation of Indian Export Organisation (FIEO) is planning to set up a technical textile cluster in Tamil Nadu for start-ups. The technical textile cluster will have all common facilities including R&D, A Sakthivel, Regional Chairman, FIEO (Southern Region).
The organization is in talks with various agencies to set up a technical textile cluster. Although, at present very few are into export of technical textiles at present but there is immense potential for which the exporters need to look at product diversification to achieve higher growth.
Sakthivel said that Commerce Ministry should consider the present market situation and extend better facilities to the exporters in its mid-term review of Foreign Trade Policy.
After lowest growth during 2016, world trade is expected to be better during 2017 and 2018 at least in emerging economies. But the prices of all products have started to slide globally and this could pose a huge challenge for the product manufacturing sector in India
India’s export performance data for January 2017 has been positive and has been so the last five months of the current fiscal after two years of continuous negative growth.
Kathmandu has launched Seeker range, an innovative and sustainable activewear collection that merges eco-friendly advancements with functional design.
The Global Organic Textile Standard (GOTS), managed by the non-profit organization Global Standard, has joined the Make the Label Count…
Packaging company Pact Group has partnered with textile recycling technology firm BlockTexx to develop a system for recycling discarded clothing…
Loftex USA is strengthening sustainability with the launch of eco-friendly towel sets, blending innovative performance features with luxurious designs.
Toray Industries, Inc. announced that starting this April, it will implement the mass balance approach in manufacturing its TORAYLON™ acrylic…
Cxffeeblack has joined forces with COMOCO Cotton, a sustainable textile company, to create a special coffee-dyed T-shirt made from unbleached…