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Swedish home furnishing company Ikea has opened a 2.3 lakh-sq ft distribution centre in Pune with an investment of Rs 100-crore and is also scouting for land in Maharashtra state to build more warehousing facilities over the next two to three years at an investment of Rs 750 crore, according to Bimal Patel, manager of distribution operations at Ikea India. 

EFI (Electronics For Imaging), a global technology firm, is showing its award-winning end-to-end solution for digital textile manufacturing, the EFI Mini Textile Factory, at the ongoing Sourcing at MAGIC, the apparel, garments, and fashion clothing & accessories industry event, which is being held from February 11 to 14, 2018, in Las Vegas, in booth #66806. 

The reclassification of micro, small and medium enterprises (MSMEs) and 5 per cent reduction in tax on annual turnover of companies up to Rs 250 crore will help manufacturing and increase employability in textiles sector, Indian textiles minister Smriti Irani has said. Domestic manufacturers will also benefit from increase in customs duty on silk.

The Cotton Association of India (CAI) has downwardly revised the estimate of cotton crop for 2017-18 season to 367 lakh bales of 170 kg each. In its January 2018 estimate of the crop, CAI has reduced forecast by 8 lakh bales from the earlier projected 375 lakh bales for the ongoing season due to severe infestation of the cotton crop by pink bollworm.

 

Primark, the fashion retailer which was first established in Dublin in 1969 and currently has over 350 stores across the UK, Ireland, Europe and the USA, has published information about the factories which manufacture its products on its website. Details include factory names, addresses, number of workers and gender split of the workforce. 

The Indian textiles ministry is busy finalising the long-pending National Textiles Policy, but the government cannot offer a time-line for its announcement, said textiles minister Smriti Irani recently. Three different steering committees comprising experts and industry representatives are trying to find ways to address the sector’s challenges, she said.