Category: News

NIFT develops revolutionary Concept for 3D printing of textile machine parts

National Institute of Fashion Technology, a premier Institute of Design, Management and Technology has been playing a crucial role in benchmarking performance and processes in the areas of fashion education, research and development, training and consultancy. NIFT always encourages its talented, sincere and enthusiastic students who can contribute effectively and strive to take the institute to greater heights. The institute also undertakes research and consultancy projects for the industry with its expertise in design, management and technology at strategic and operational levels. NIFT recently participated in Garment Technology Expo, New Delhi to present two of the latest innovations developed...

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Turkish textile companies may set up factories in Serbia

About four Turkish textile companies are in talks with the Serbian Government to set up their respective factories in Serbia. The country is planning to promote its model involving the reconstruction of abandoned halls in towns like Lebane, Lazarevac, Kraljevo, Nis and Leskovac, for investors to set up their machinery and start producing goods. Trade Minister of Serbia Rasim Ljajic informed about the country’s new model of establishing industrial halls through an official statement. Ljajic had said earlier that two Turkish textile companies are interested in investing in Serbia owing to the favourable business climate of the country. Potential...

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Tirupur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of exporting apparel worth Rs. 25,000 cr in fiscal 2017 after having exported clothing amounting to Rs. 23,253 cr in the first 11 months of the fiscal beginning April 1. The cluster reported exports of only Rs. 16,600 cr between April 1 and December 31, causing anxiety of reaching the target. “Now with sudden surge in exports, we are hopeful of meeting the target of Rs. 25,000 cr comfortably by March 31,” Tirupur Exporters’ Association President Raja Shanmugam as saying. “If not for the market slowdown, which happened subsequent...

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Power loom owners to submit memorandum to TN CM

Power loom units in Edappadi town of Tamil Nadu’s Salem District downed shutters to protest against the sudden surge in yarn prices, even as power loom owners as well as their marketing agents plan to submit a memorandum to Tamil Nadu Chief Minister Edappadi K Palaniswami. Edappadi and its surrounding villages such as Velandivalasu, Mettur Stree, Motur and Velanaikenpayalam are traditional powerloom clusters where towels as well as made-ups of various varieties are manufactured and sold in the Erode textile market in addition to all states in India. An estimated 20,000 units and several allied industries operate in the...

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Ties will help reduce Exporters’ Transaction Cost

Ties will help reduce Exporters’ Transaction Cost SC Ralhan, President, Federation of Indian Export Organizations (FIEO) has welcomed launch of Trade Infrastructure for Export Scheme (TIES) by Hon’ble Commerce and Industry Minister Nirmala Sitharaman. Welcoming the initiative as also announced in the Budget, Ralhan said that the Indian exporters face huge challenges in terms of infrastructure, particularly in states. Trade infrastructure is one of the critical elements in export trade to enhance efficiency and competitiveness in global market. Ralhan mentioned that inadequate infrastructure pushes exporters transaction cost, impacting competitiveness of Indian goods in the global market. The logistics cost...

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