Government in order to provide a level playing field to the knitwear industry will announcing a package for the country’s knitwear sector in the next two months. As the knitwear industry is facing tough competition from countries like China owing to factors like lower automation and lack of technology Upgradation.
Secretary in the textiles ministry Anant Kumar said that they met stakeholders on a package for the knitwear sector on June 5 and held consultations on the draft scheme.
They will give a shape to their suggestions and decide on the size of the package. They will announce the package guidelines in two months’ time.
The government in June 2016 had approved a Rs 6,006 crore special package for textiles and apparel sector to create 1 crore new jobs in three years, attracting investments of $11 billion and generating $30 billion in export. In December, it included the made-ups segment comprising pillows, cushions, etc. in the Rs 6,006-crore package.
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…
Nikwax has unveiled its latest innovation, the Direct.Dry Down line, setting a new benchmark in waterproof down with great performance…
Wrangler x Accelerating Circularity jeans are proving that post-consumer and post-industrial cotton can be effectively reused in everyday clothing.
Swiss cleantech innovator Bcomp has partnered with Japanese composite specialist Tras to bring natural fibre solutions to the world of…