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Related Keywords: Connecting India to the World, eighth edition began, most preferred initiatives, number of MoUs signed with every consecutive summit, Prime Minister Narendra Modi, seen an exponential rise in investments, theme of Vibrant Gujarat, Vibrant Gujarat Global Summit

Prime Minister Narendra Modi's most preferred initiatives during his tenure as the Chief Minister of Gujarat, the Vibrant Gujarat Global Summit began its 8th edition from 10 Jan 2017, at Mahatma Mandir, Gandhinagar. The theme of Vibrant Gujarat 2017 is “Connecting India to the World.”

The state of Gujarat is known for its drastic economic rise over the past decade, having garnered investments from across the world in many diverse industries ranging from IT to renewable energy.

Related Keywords: 000 crore in Gujarat, capacity enhancement of technical textile business, invest Rs four thousand crore, make Gujarat world textile hub, Ongoing Vibrant Gujarat Summit, set up integrated textile manufacturing zone, state government, three large textile projects in Gujarat. Welspun Group has already invested Rs 10, Welspun Group signed three MoUs

At the ongoing Vibrant Gujarat Summit 2017, diversified Welspun Group signed three MoUs with the state government where it would invest Rs 4,000 crore on three large textile projects in Gujarat. Welspun Group has already invested Rs 10,000 crore in Gujarat so far and fresh investments take the total to Rs 14,000 crore.

Welspun Group Chairman B K Goenka said that their continuous investment in the state is a testament to their long term commitment to Gujarat. It is their aim to make Gujarat the textile hub of the world.

In China, 1.4D PSF was up US cents 12 a kg in December. In India, 1.2D PSF prices were up US cents 6 a kg from previous month. In Pakistan, prices in Karachi were up US cents 4 a kg on the month.

Polyester staple fibre prices extended an uptrend in China as MEG prices moved up sharply. Polyester staple fibre prices moved up also because OPEC and non-OPEC members had agreed to cut oil production, supporting polyester raw materials prices to hike significantly.

Related Keywords: crude oil prices, pfy prices, Polyester prices, polyester staple fiber prices, psf prices, psf prices in China, psf prices in India, psf prices in Pakistan, PTA prices

In China, POY 75/72 prices in December were up US cents 13 a kg on the month in Shengze while Indian POY 130/34 prices were up US cents 3 a kg on the month. In Pakistan, 300/96 DTY prices were up US cent 1 per pound on the month.

Polyester filament yarn makers in China hiked offers in December, seeing buyers maintain healthy demand when prices were rising.

In India, POY offers climbed during the month, although trading atmosphere was lusterless, as downstream buying enthusiasm was quiet.

Related Keywords: pfy prices in China, pfy prices in India, pfy prices in Pakistan, polyester filament yarn prices, Polyester prices, psf prices, PTA prices

Related Keywords: acquires majority stake, and education building markets, Calera Capital, Carnegie Fabrics, for the corporate, healthcare, hospitality, innovator of sustainable textiles, leading middle market private equity firm, leading supplier, wall coverings

Calera Capital, a leading middle market private equity firm has acquired a majority stake in Carnegie Fabrics (“Carnegie”), a leading supplier and innovator of sustainable textiles and wall coverings for the corporate, healthcare, hospitality, and education building markets.

Design is at the core of Carnegie Fabrics ethos. Multi talented people from a bevy of artistic backgrounds make up our creative rhythm.

Related Keywords: entire textile sector, industry can absorb the levy, Meeting held with textile minister Smriti Irani, MSME dominant nature, placed in the lowest slab of the GST, slender margins, Textile cluster, textile industry operating, Tirupur Exporters Association, without any significant impact on the business

At a meeting held with textile minister Smriti Irani in New Delhi, the Tirupur Exporters’ Association president Raja M Shanmugham said that because of its MSME dominant nature and the slender margins in which the textile industry was operating, the entire textile sector may be placed in the lowest slab of the GST so that industry can absorb the levy without any significant impact on the business.

Related Keywords: aimed at reviving struggling textile industry, announced package of incentives, cushion the declining exports, customs duty, import of cotton abolished, Prime Minister Nawaz Sharif, Sales tax, sales tax on imports of textile machinery scrapped, take some time favourable impact started reflecting

Prime Minister Nawaz Sharif announced a package of incentives worth 180 billion rupees ($1.72 billion) after a meeting with top exporters on Tuesday aimed at reviving the struggling textile industry. However, it would take some time like four to six months before the favourable impact started reflecting in the country’s exports.

Textiles make up more than half of Pakistan's exports, but it has lost ground to South Asian neighbours in recent years, hurt by chronic energy shortages and underinvestment in machinery.

Related Keywords: activity remained slow, cotton market on Tuesday, dull trading witnessed, Karachi cotton exchange, spot rates continued to remain unchanged, textile package., waiting the government announcement

Dull trading was witnessed at cotton market on Tuesday by Karachi Cotton Exchange, the spot rates continued to remain unchanged. According to traders, the activity remained slow in the market, waiting the government to announce textile package on Tuesday.

The spot rates stood firm at Rs6,350/ maund (37.324kg) and Rs6,805/40kg while the Ex-Karachi rates also remained unchanged at Rs6,485/maund and Rs6,950/40kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

KCE recorded domestic transactions of around 3,000 bales in between Rs6,150/maund to Rs6,625/maund.

Related Keywords: Arvind Ltd, at Ahmedbad mill, faster production, increases thermal transfer and keeps the drying energy on the textile material longer, installed the first Monforts Eco Line denim finishing range, largest producer of denim in India, major savings in energy, reater flexibility in design and innovation, tight control over emissions

Arvind Ltd., India'' largest producer of denim, installed the first Monforts Eco Line denim finishing range in India at its Ahmedbad mill for faster production, major savings in energy, and greater flexibility in design and innovation for its customers.

The Eco Line can handle fabric widths of 1800 millimeters and operate at high speeds of up to 80 meters/minute, is operating alongside four Montex foam finishing stenters, which are also able to handle this same width of material.

Related Keywords: across India, Ahmedabad-based organic textile designer wear brand, Bhu:sattva, certified as organic. redefines organic fashion, created from organic crops in soil, from field to fashion, more than just khadi, owned by Rising Tradelink Limited, provides eco-friendly classic clothing

Bhu:sattva, an Ahmedabad-based organic textile designer wear brand owned by Rising Tradelink Limited that provides eco-friendly classic clothing across India, created from organic crops in soil that has also been certified as organic. Bhu:sattva redefines organic fashion as more than just khadi, offering an experience it calls “from field to fashion”.