by DIGITAL MEDIA EXECUTIVE | May 11, 2023 | Event Update, Textile Technology
The maker of weaving machines Picanol will exhibit its most advanced high-tech weaving products and services at ITMA 2023 at Booth B201 in Hall 6. The most significant textile and apparel technology show in the world, ITMA, will be held in Milan, Italy, from June...
by DIGITAL MEDIA EXECUTIVE | May 11, 2023 | cotton industry, Yarn Price
INSIGHTS Due to weak demand, the prices of polyester spun, polyester-cotton, and viscose yarn decreased in India. Prices of PC and polyester spun yarn decreased by 2-4 per kilogram in the markets of Ludhiana and Surat. The cost of viscose yarn was constant. The cost...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Textile Articles
The RPM requirement for weaving machine exemption from Basic Custom Duty (BCD) has drawn criticism from organisations in the Indian textile sector. The exemption was extended by the Indian ministry of finance for an additional two years, from April 1, 2023, to March...
by DIGITAL MEDIA EXECUTIVE | May 2, 2023 | technical textile, Textile machinery
Santex Rimar Group proves its green ambitions with environmental-friendly machinery Trissino, Italy, May 2nd, 2023 – Santex Rimar Group looks forward to ITMA 2023 in Milan, Italy what could be considered as a home game. The Group’s different brands will be present at...
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Fashion
The Tessitura Monti India Private Limited (TMIPL), an Indian subsidiary of Tessitura Monti Spa, Italy, an Italian company that owned 100% of TMIPL, engaged in the spinning, weaving, and processing of textiles, has been acquired by Bangalore-based Hi Fabrique Group for...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Event Update
Shri Ananda Bhaskar Rapolu, Ex-MP, organised a roundtable at the Constitution Club of India, New Delhi, recently to discuss and deliberate on the scarcity of the various man-made and natural fibres in the country. The dignitaries included parliamentarians from BJP,...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Corporate Update
The Union Budget 2023-24 had increased the Basic Customs Duty (BCD) on all textile machinery, spares and accessories from 5% to 7.5% to be effective from 1st April 2023 to till 31st March 2025. The industry had earlier submitted the pre-budget memorandum demanding to...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Finance & Economy, Textile Articles
Gujarat, a centre for Indian textile production, anticipates new investments worth Rs 40,000 crore in the weaving industry after the federal government announced that there will be no additional taxes on high-speed weaving machinery. The Union Budget included...
by DIGITAL MEDIA EXECUTIVE | Mar 29, 2023 | Corporate Update, Event Update
ITMA will be back this year with the tagline “Transforming the World of Textiles” and will be held in Milan from June 8 to June 14. There will be a display of impressive innovations from Stäubli Textile. Stäubli contributes significantly to the design and...
by DIGITAL MEDIA EXECUTIVE | Mar 29, 2023 | Corporate Update
Federation of Gujarat Weavers Welfare Association(FOGWA) has proposed to start the office of textile commissioner in Surat. In a memorandom to union textile minister Piyush Goyal, the organization has said that Surat is a textile hub and a large scale textile industry...
by DIGITAL MEDIA EXECUTIVE | Mar 29, 2023 | Event Update
Bern (Switzerland) – Itema, the global leading provider of advanced weaving solutions, including weaving machines, OEM spare parts, weaving accessories, and integrated services, participated in the Swissmem pre-ITMA 2023 press conference in Bern on the 17th of...
by DIGITAL MEDIA EXECUTIVE | Mar 28, 2023 | Corporate Update
Switzerland’s PFFFIKON, March 18, 2023 Transforming the world of textiles: Under this theme, ITMA will be returning this year, taking place in Milan from June 8 to 14. Stäubli Textile will be present, displaying some interesting advancements. Stäubli...
