Globe to Present Wearable Advanced Sensor Platform at the Smart Fabrics Summit

The US Department of Commerce in collaboration with the Industrial Fabrics Association International has invited the well-known Globe Manufacturing Company to share their thoughts at what can be called as the first of its kind, Smart Fabrics Summit planned to be conducted in Washington DC. It is known that Penny Pritzker, the US Secretary of Commerce will take the onus of moderating the selected panel of business leaders. 

Digital Textile Summit 2016 to be Held On Dec 7

As per a press release from the Inkjet Forum India, the 2016 Digital Textile Summit will be held on the 7^th of December, in concurrence with the ITME 2016, the largest trade show of textile technology in India! Organised by the Inkjet Forum India, this will be the 6^th conference pertaining to digital textile printing in India. According to the release, this year the conference will be held at Mumbai’s Courtyard Marriott Hotel.

Beyond Globalisation - A Changing Apparel Industry

Fashion, to say the least, is one of the most dramatic domains where changes can be seen with each passing day and thanks to the new found globalization, these changes affect the apparel industry across the globe.

How Simple Is It to Buy and Sell Goods from TextileStock.In!

For those who are unaware of what exactly TextileStock.in is, it is an online inventory of textile stock in India that is ready to be sold. This portal works on the simple principle of availing all the requisite information regarding a stocklot on sale so that the buyer can make an informed choice, and the seller can get a fair price for the material. And all of this with a few simple clicks of the mouse.

Make in India Week - New Textile Policy Likely to be Out by April

As per Mr. Santosh Gangwar, the Union Textiles Minister, it is highly likely that the government may introduce a new textile policy in April. This policy will plausibly target the growth of the industry for the coming 10 years and will look forward to achieving a whopping target of over $300 billion in textile exports and lead to the creation of over 35 million employment opportunities, thus strengthening the industry even further. Mr.Gangwar, present at the Make in India Week, quoted “The long-awaited National Textile Policy is nearing finalisation and is likely to be issued before the end of April 2016”. He said that talks and consultations with the stakeholders are going on and was quite confident about the policy to be released in the budget session. According to him, the policy will embrace all concerns pertaining to various aspects including labour reforms, investments in the sector, and provision of a road map for further developments in the same. The policy is also slated to look into the concerns raised by the skilled workforce of the industry.

Around Two-Fifths of the Readymade Garment Industry to Face 2% Excise Levy

The financial year 2016-17 is knocking, and Finance Minister, Mr.Arun Jaitley has announced the budget. The budget hold quite a few changes for the textile industry on the whole, but the most glaring of them all is the proposal to levy excise duty of 2% on all readymade garments as well as made up textile articles, the retail price of which are Rs. 1000 and above.

What lies in the budget for the textile industry?

The budget for the financial year 2016-2017 is now out, and as expected it envelops various avenues for the textile industry as well. In the budget, Mr.Arun Jaitley, the finance Minister made numerous announcements, the most imperative of which was that the basic custom duty for raw materials that are used in technical textiles would be reduced to 2.5%. These raw materials would include fibres such as aramid flame retardant, para-aramid, nylon staple, nylon anti-static staple and modacrylic as well as yarns such as nylon 66 filament, flame retardant viscose rayon andpolyester anti-static filament. This is a welcome move, as it will ensure that the input cost for manufacturers of technical textiles is substantially reduced.