Indian textiles and clothing industry is one of the largest contributors to the country’s exports. Textile exports have shown steady growth over the last few years and are likely to grow by more than 15% during the FY15.
Textile factories consume a huge amount of power for their production, but by being able to product their own electricity, solar power which can considerable reduce the cost of energy, which will also help to a great extent reduce its cost of production. There is no loss in production as there is no energy storage system required.
Martex Fiber, a leader in textile waste management provides the highest quality textile waste management services to a wide variety of textile mills in North and Central America and the Caribbean. Martex Fiber as part of its “No Fiber Left Behind” program will go for capacity expansion at its manufacturing facilities.
Martex Fiber apart from fiber reclamation line at its facility in Spartanburg will also be increasing its plant capacity by over 20 percent for fibers made from cotton and cotton/polyester textile waste.
The Bangladeshi Department of Agriculture Extension (DAE) has fixed jute production target of 91,000 bales which will be cultivated on 10,000 hectares of land in all the 12 upazilas of Mymensingh district for the current season.
The decision to set target came in after seeing the keen interest shown by the jute farmers from Mymensingh district to continue with the cultivation of jute
According to DAE, 60 percent of the jute cultivation has been completed and rest of the work will be over and done by the last week of the current month Baishakh.
Shri Govindaraja Textiles, part of the Shri Govindaraja group, which is a part of the larger Sri Jayavilas group, India’s one of the largest spinning group as part of its expansion after comprehensive search and closely scrutinizing the nine different states and various counties has decided to set up a state-of-the-art yarn manufacturing facility in Eden, with spending of more than $ 40 million on capital investment.
Western investors engaged in textile and garment sector are found being pulled toward Ethiopia to make investment in their textile and garment sector mainly due to the stable and conducive investment environment.
During President Mulatu Teshome meeting with the American investors engaged in textile and garments sector, he said that American investors should take advantage of the investment opportunity as Ethiopia is most appropriate for textile and garment production with over three million hectares of land cultivating cotton.
With the claim of APTMA (All Pakistan Textile Mills Association) of the closure of 25 spinning and weaving factories as well as production of firms demoted by nearly 33%, it is sure for the Punjab province to face a crucial term in the nearing months.
The growing tension in the textile industry is basically due to dissatisfaction of increasing prices and decreasing supply of basic amenities. Electricity rates increased in September last year and 70 % gas cuts were imposed to the factories in Punjab.
Kenyan Industrialization Cabinet Secretary Adan Mohamed, while addressing a delegation of 40 international apparel manufacturing companies announcement the Kenyan government's plans to establish a Textile City at the Export Processing Zone (EPZ) in Athi River which is currently at an advanced stage.
Technical textile has market of Rs.1.4 billion, India sees huge potential in technical textiles. At present, most of the market is in US who use 16.5 kg per capita, Europe with 12 kg per capita while India with merely 1.7 kg per capita of technical textile. By bring improving the value chain and favorable policies supporting the industry to overcome India can achieve faster growth in Technical textile according to Sashi Singh, Executive Director, Indian Technical Textile Association (ITTA) and former Joint Textile Commissioner.
Low & Bonar's division Bonar, a multinational group of producers and suppliers of performance technical textiles, as part of its expansion plan will be investing EUR 32 m to set up a new factory at Changzhou, in the Yangtze river delta near Shanghai, China to meeting the fast growing demand from Asian markets.
This investment will give them an opportunity to capitalise on their unique technology base both domestically and in Asia. This state-of-the-art production facility will provide a strong platform for their further growth.
