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Trade wars help India's MMF exports grow 5-7%: SRTEPC

Submitted by webmaster on 26 August 2019

Source: www.fibre2fashion.com

Ronak Rughani, chairman of Mumbai, said that the US-China trade war opened up an opportunity that would help the export of Indian man-made fiber textiles (MMF) to stagnate, increasing 5% to 7% of synthetic textiles and rayon in a year and a half. The Textile Export Promotion Council (SRTEPC) said at the unveiling ceremony of the 4th "Source India 2019" held in Mumbai yesterday.

According to Indian media reports, Textile Minister Smriti Irani said that India should now be a reliable source of quality MMF textile products.

Infinited Fiber receives lead investment from RGE

Submitted by webmaster on 19 August 2019

Source: www.fibre2fashion.com

Singapore-based RGE joins a group of investors including H&M Group, Virala and Fortum to help Infinited Fiber Company Oy (IFC) scale up its technology that turns textile waste and other pulp-based materials into new textile fibres. A strategic co-operation agreement was also signed between RGE and IFC to commercialise the start-up’s technology.