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Feb 21, Colombo: The India International Textiles Expo (IITExpo) - Colombo 2018-Exhibition cum Buyer Seller Meet organized by the Powerloom Development & Export Promotion Council (PDEXCIL) of India was inaugurated at Hotel Galadari today.

The exports of value-added textile products posted a growth of 12.8 per cent year-on-year to $4.4 billion in the first seven months of 2017-18, the Pakistan Bureau of Statistics said on Wednesday.

‘High-Tex from Germany’ presents technical textiles, textile machines and textile-processing machines at Techtextil North America and Texprocess Americas from 22 to 24 May 2018.

An Accrington textile manufacturer is set to celebrate its centenary in style after safeguarding its future expansion with a £1,500 grant from Boost’s Growth Voucher scheme.

Maharashtra chief minister Devendra Fadnavis recently signed a memorandum of understanding with South Korean spandex manufacturer Hyosung Corporation for allocating 100 acres of land to the latter to develop the first mega project on the Delhi-Mumbai Industrial Corridor (DMIC). This will be the first largest unit at the DMIC employing more than 1,000 people. 

The operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail and a reduction in incentives after the implementation of the GST.

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