Global flame retardant sales reached nearly 192 million square meter in 2018, with momentum likely to drive the market to a 6.2% y-o-y in 2019, according to Fact.MR’s latest analysis. Imposition of stringent regulatory rules and growing awareness about workers’ safety in high-risk industries worldwide continue to drive growth. Gains have also been driven by macroeconomic factors, notably stability in global oil prices and capital injection in infrastructure projects. The study opines that effective implementation of workplace safety guidelines in developing countries can open up new opportunities for manufacturers. “Not protecting their employees with good-quality flame retardant apparels can cost employer organizations a fortune with the medical care and rehabilitation of injured employees. Apart from strict legal regulations, growing safety awareness among employees is driving the purchases of flame retardant apparels across several industries,” says senior research analyst Prakhar Jain at Fact.MR. “Flame retardant apparel market players are now focusing on improving comfort along with the safety of their products, and provide flame retardant apparels that can suit the end-users’ changing demands.” Oil & Gas and Power Generation Industries Create Promising Growth Opportunities According to the study, the oil & gas industry remains the largest consumer of flame retardant apparels.…
Bangladesh retains its topmost position in Gender Gap Index for the fourth time in a row by achieving 48th position among the South Asian countries, said World Economic Forum (WEF) report. According to the Global Gender Gap Report 2018 published by WEF on Monday, Bangladesh has slipped only one score to the 48th position among 149 countries across the globe. Still, it remained ahead of all other countries in the continent after the Philippines, reported Dhaka Tribune.
Trade deficit widens to US$ 16.67 billion in November 2018 India's merchandise exports rose 0.8% to US$ 26.50 billion in November 2018 over a year ago. Meanwhile, merchandise imports moved up 4.3% to US$ 43.17 billion. The trade deficit increased 10.4% to US$ 16.67 billion in November 2018 from US$ 13.83 billion in November 2017. Oil imports galloped 41.3% to US$ 13.49 billion, while the non-oil imports declined 6.8% to US$ 29.68 billion in November 2018 over November 2017. The share of oil imports in total imports surged to 31.3% in November 2018, compared with 23.9% in November 2017. The price of India's basket of crude oil increased 6.7% to US$ 65.40 per barrel in November 2018 over November 2017. Among the non-oil imports, the major contributors to the overall rise in imports were coal, coke & briquettes Imports rising 12.5% to US$ 2.25 billion, iron & steel 17.6% to US$ 1.48 billion, fertilizers, crude & manufactured 46.6% to US$ 0.68 billion, project goods 197.8% to US$ 0.33 billion, electrical & non-electrical machinery 7.7% to US$ 2.91 billion and organic & inorganic chemicals 10.8% to US$ 2.00 billion. On exports front, the petroleum products recorded an increase in exports by…
Technological advancement is need of the hour. Technology developers are constantly innovating to produce & upgrade technology of machineries that increase production, save time & make process simpler. Every now & then new technologies are introduced that brings massive change in production quantity, improvement in quality and operating time or ease out the process. All these advantages come with a price, it demands additional capital investment. Today for completing a single process there are multiple technologies available that do the same work in multiple ways. So when it comes to selection of a technology for textile machineries people just don’t jump to the latest version like in the case of smart phones. A detailed comparison of price to the need of advancement is carried out along with analysis of advantages that the technology will offer. Global Textile machinery market is witnessing tremendous growth buoyed by growing demand of textile & apparel market. It is forecasted to grow at a CAGR of 14.02% till 2018. The major countries manufacturing textile machinery are Germany, Italy, Switzerland, Japan, France and now China. The textile technologies are available in two version low cost (semi automatic) mostly manufactured in China for low cost countries and…
India for ages in textile world is well known only as a spinning country and so naturally for years the textile machinery segment has seen great demand from the spinning sector only which has resulted in the growth of market for machinery suppliers from India as well abroad. Recently the importance of value addition, low investments & huge returns in other sectors like weaving & garmenting has comprehended the entrepreneurs to develop integrated plants & look beyond just yarns. The weaving industry of India is still controlled by the unorganized sector. India manufactures only 5% of cloth through organized sector, 20% through Handloom sector, 15% through knitting sector and 60% is produced through decentralized power loom sector. From 2013-14 to 2015-16 the import of weaving machineries has increased with a CAGR of 13%. In 2015-16 India imported weaving machineries worth US$ 495.2Mn. The imports in 2017 have slightly reduced due to latest Indian financial reforms. As per fig 1 there is considerable increase by almost 30% in exports of weaving machineries. In 2016-17 textile machineries worth Rs. 6650 Cr were produced in India. Spinning machineries alone constituted 54% of share. Whereas weaving accounts for a mere share of 14%. The…
Surat will get Textile Skill development centre soon !!! Textile city Surat will have new skill development center in near future. Last week, The cabinet committee on economic affairs, has given its approval for Scheme for Capacity Building in Textile Sector (SCBTS), a new skill development scheme covering the textile sector. This scheme will have an outlay of Rs 1,300 crore for 3 years. Industry sourses Said, these center will develop in Surat, Ichalkaranji, Bhilwara, Tirupur, Varanasi, Malegaon, Pali and in Bhiwandi. The scheme will have 'National Skill Qualification Framework (NSQF)' compliant training courses with funding norms as per the common norms notified by Ministry of Skill Development and Entrepreneurship (MSDE). There are 6.5 lakh powerloom machines are installed in surat which produces app. 3 crore meter fabrics per day. Weaving industries in the city is unorganised and most labourers in the city are self-groomed without any proper technical skill orientation or training and this creates an inconsistency in the production and quality parameters. Upskilling and recognition of prior learning is the need of the hour for the Surat powerloom industry, which employs four lakh workers directly. The skilling programmes would be implemented through textile industry to meet trained manpower…
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