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Related Keywords: attract investment in the state, create employment, hosiery, next three years, parks, PPP model, ready-made garments and knitting park, through textile clusters, under integrated textile development project, West Bengal government

The West Bengal government hopes to attract around Rs 37,000 crore investment in the state through 10 Textile Clusters or Parks under Integrated Textile Development project on PPP model over the next three years and will provide employment to 6-10 lakh people.

These parks, involving hosiery, ready-made garments and knitting, will come up at Barasat, Bankura, Metiabruz, Uluberia, Salt Lake, among other places. Most of the investments will be from private sector.

Related Keywords: China and Vietnam, circular knitting and weaving equipment, explore new creora product, fabric development, growth of consumer demand, hosiery, Hyosung, Korea based elastane manufacturer, opened Textile development centre, seamless, TPP agreement

Hyosung, the Korea based leading elastane manufacturer having identified the two locations China and Vietnam as key sourcing and consumption areas has increased the capacity of its China and Vietnam plants at the beginning of this year.

The additional expansion in China comes in the light of growth of consumer demand for elastane as the country’s middle class continues to grow, while in Vietnam, anticipation of passing Trans-Pacific Partnership Agreement (TPP) agreement has lead the move.

Related Keywords: acquire DB Apparel, American branded apparel manufacturer, global supply chain, HanesBrands, hosiery, initmate apparel, innovate-to-elevate strategy, underwear

HanesBrands Inc., an American branded apparel manufacturing company based in Winston-Salem, N.C., plans to acquire DB Apparel (DBA), France-based marketer of intimate apparel, hosiery and underwear in Europe to leverage its innovate-to-elevate strategy and global supply chain from Sun Capital Partners Inc., Boca Raton, Fla., for approximately $550 million.
 
HanesBrands maintains a substantial global network of self-owned production facilities for intimate apparel and underwear.