New TENCEL™ Intimate demonstrates the TENCEL™ brand essence of ‘feeling good with a natural touch’ at India’s largest lingerie and intimate wear trade show
March 19, 2018, Kochi India – The Lenzing Group (Lenzing) has introduced TENCEL™ Intimate to the India market at Intimasia 2018, the country’s largest fashion trade show dedicated to lingerie and intimate wear with the participation of over 70 local and international intimate apparel brands. Held at the Adlux International Convention and Exhibition Centre in Ernakulam, Kochi, Intimasia is committed to elevating the intimate wear business by promoting fashion, innovation and ideation. Bringing the intimate apparel industry together, the event aims to contemplate the way forward for the fastest growing sector of the textiles and apparel industry in India.
Rajnagar Textile Mills (A Unit of National Textile Corporation Ltd., Ahmedabad invites tenders for Non-ionic Sizing Softner. Contract Period: 28-02-2018 to 30-09-2018. Last date: 27-02-2018. The form is given below. It can also be downloaded from here.
According to statistics of the General Administration of Customs, in December 2017, China’s textile and garment exports amounted to about US$ 24.01 billion, seeing year-on-year rises of 2.49% and a rise of 3.90% from the previous month. Thereunto, the exports of yarn, fabrics and related products totalled US$10.16 billion, with year-on-year growth of 10.98% and a growth of 1.72% from the previous month; the exports of garment and accessories was US$ 13.85 billion, down 2.96% year-on-year, seeing an increase of 5.55% from the previous month. In 2017, China’s textile and garment exports totalled US$ 266.95 billion, growing by 1.53% year-on-year. Thereunto, the fabrics exports was US$109.77 billion, up 4.5% year-on-year; and the garment exports was US$ 157.17 billion, declined by 0.4% year-on-year.
The Union Finance Minister, Shri Arun Jaitley announced the Union Budget
for 2018-19 on February 1.
Welcoming the Budget, Shri Ujwal Lahoti, Chairman of The Cotton Textiles
Export Promotion Council (TEXPROCIL) said “, the Budget is pragmatics,
growth oriented and all inclusive”.
The Government had approved a comprehensive textile sector package of
Rs. 6000 crore in 2016 to boost the apparel and made-up segments The Budget
has provided an outlay of Rs. 7148 crore for the textile sector in 2018-19. Shri
Lahoti expressed hope that the increased funds allocated for the textile sector
will cover fabrics also under the ROSL scheme.
Post GST, one major announcement made by the government has been the launch of the Ahmedabad-Mumbai Bullet Train project. The GST and the Bullet Train both have generated immense public interest or public debate. This is so because of the many similarities they share especially in the complexity of their implementation. Both these ambitious projects require massive infrastructure, although of different kind. There is also a very huge amount of public money involved in both of these decisions.
Let’s assume the GST to be a Bullet Train. Then it is very clear that the government has already built this train and also built all the required tracks on which this train has to run. Infosys was awarded a Rs 1,380 crore contract to build GST Network (GSTN) system in Sept. 2015 that involved building and maintaining the technology network crucial for implementing the GST across the country for five years. By and large, the travel path of this train (i.e. starting point and the end point) has also been put in place. All the taxpayers, who qualify to be registered under the GST system, have to be the passengers of this bullet train. It is compulsory for them to catch this bullet train and travel the applicable distance without fail or face penal action for missing any ride. Continue reading Goods and Services Tax (GST) Vs. Bullet Train (Shinkansen)→
“Industry 4.0” is the new buzzword becoming very fashionable, and hence, considerably over used. The credit for coining this iconic word goes to Siemens at the Hanover Messe in 2015. Industry 4.0 – also termed as the 4th generation of the industrial revolution – marks the beginning of a new era. It essentially represents the digital transformation of traditional industries like manufacturing to intelligent factories with the advancements in automation, advanced materials, 3D printing, artificial intelligence, augmented reality, cobots (collaborative and robots). Adaptive and ergonomic production lines, intelligent robots and integrated energy systems – all parts of Industrial Internet of Things (IIoT) – are increasingly making it possible for companies, in practically every industrial and manufacturing sector, to digitize their operations. This digital transformation is enabling them to become 24×7 connected intelligent factories. The computerization of traditional industries, like manufacturing, i.e. their transition to intelligent factories, is going to be the key to their survival in a couple of years from now. Continue reading “Industry 4.0” is the New Buzzword For Factories of the Future→
Full text of PM Modi’s speech at the Textile India 2017 event is reproduced below:
Ladies and Gentlemen,
India is today described as a bright spot in the global economy. It has emerged as one of the most attractive global investment destinations. This has been made possible by a series of sustained policy initiatives.