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$8.5 billion investment to change the balance in the global polyester business by SASA
In 2000, SASA strengthened its leading position in the sector by establishing a joint venture with DuPont. Following the acquisition of DuPont’s shares by Sabancı Holding in 2004, it became
Gujarat accounting for 12% of the apparels exported from India
Gujarat accounts for 12% of the apparels exported from India. Manufacturers also indicated that they are facing stiff competition from their counterparts in Bangladesh and Vietnam according to data
Traders urging to study the influence of GST on the textile sector
The FOSTTA office-bearers have stated that the production of man-made fabric has decreased from four crore meters per day to less than two crore meters, the sale of polyester fabric including sarees
PSF prices stable-to-up in Asian markets
In China, offers for 1.4D direct-melt-spun PSF in the third week of May 2018 moved up in the local currency while the prices were stable in US$ terms. Polyester staple fibre prices rose further
Over 90% of the textile and clothing industry in the MSME sector causing delays and affecting the financial capability of the units
The industry had seen reduction in downside and ROSL by over 5 % of FOB since the pre-GST period. Also, Indian textile and clothing exporters did not have better access in countries markets such as
Rs 1,000 crore polyester staple fibre unit in Odisha by IOC and MCPI together
The unit is scheduled to come up on 200 acres at Dhamnagar in the state’s Bhadrak district and it will source raw material from Haldia in West Bengal and have a 108 kta (kilo tonnes per annum)
YiwuTex 2018 opens today spearheads a smart and sustainable textile development
The 19th China Yiwu International Trade Fair for Textile and Garment Industry (YiwuTex 2018) grandly opens at Yiwu International Expo Centre, Zhejiang, China today. The 3-day show gathers more than
Quton launches new cotton seed hybrids
India’s leading agri-biotech company Maharashtra Hybrid Seeds Company, acquired a controlling stake in Quton in 2014 from Seed Co in a transaction worth $10 million and the acquisition gave
Indian leader in Card Clothing ICC Ltd shifts production to Himachal plant
63-years old and NSE as well as BSE-listed Indian leader in card clothing products and card room accessories for the textile spinning industry, ICC Ltd is entirely shifting production to its already
GCCI president urging the Central government to consider implementing a uniform textile policy across the country in line with GST
Gujarat chief minister Vijay Rupani exuded confidence that the textile sector is capable of strengthening rural economy and create large-scale employment on the occasion. He added that that his
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