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Technotex 2017 expo to be held on 12-14 April in Mumbai

YarnsandFibers News Bureau

Related Keywords: and textile manufacturing, Geo textiles, innovative fabrics, technical textile value chain, Technical Textiles, TECHNOTEX 2017, textile industry of India, textile innovation, textile innovations, textile investment in India, textile machinery, textile ministry of India

Ms. Smriti Zubin Irani, Minister of Textiles, Government of India, yesterday underlined the need to address the issue of lack of manpower in the technical textiles for which industry needed to first define the requisite skills. After defining the skills, the task would be to bridge the gap in which the industry would be supported adequately by the Government of India.

INDIA ITME 2016 to be bigger and bolder this time

YarnsandFibers News Bureau

Related Keywords: global Textile machinery market, ITME 2016, manufacturers of textile machinery, technological innovations in textile, textile business, textile engineering, textile ministry of India

The 10th edition of India International Textile Machinery Exhibition 2016, the largest textile machinery and accessory exhibition in India is to be held from 3rd to 8th December 2016 at Bombay Exhibition Centre, Mumbai, India. Spread over 1,50,000 sq. mtrs, with expected participation from 93 countries and strength of about 1000 exhibitors from across the globe in 17 chapters spanning the textile segment from raw material to finished products, India ITME 2016 is the focal event for the textile and textile engineering industry in India and in the neighboring region.

Textile ministry to introduce venture capital fund to support start-up entrepreneurs

YarnsandFibers News Bureau

Related Keywords: initial fund of 35 crore, Integrated Processing Development Scheme, integrated textile parks, launch, Minister of state for textiles, Santosh Gangwar, SIDBI, start up entrepreneurs, Tex-Venture Capital fund, textile ministry of India, venture capital fund

Minister of State (Independent Charge) for Textiles, Santosh Gangwar, at the annual conference of State textiles ministers held yesterday announced that the Textile Ministry plans to launch a venture capital fund with an initial corpus of Rs.35 crore in association with the Small Industries Development Bank of India (SIDBI) to support start-up entrepreneurs in the sector.

Changes proposed in Indian labour law immensely for textile sector

YarnsandFibers News Bureau

Related Keywords: Indian labour law, Indian textile industry, International labour organisation, skilled manpower, textile growth target, textile ministry of India

To achieve textile growth targets skilled manpower of 35 million will be required by 2024-25. Also, initially training needs to be increased to generate the supply of about 1 million trained workers annually and to ensure that in the next three years, the entire new workforce entering the sector is formally trained and certified.

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