Italy and India textile machinery industry prospects

China Silver Cashmere Industry Uses Patent to Create "Cashmere Kingdom"

China Yinrong Industry announced on the 11th that the company's "processing technology for cashmere" has recently obtained the invention patent certificate issued by the State Intellectual Property Office. This is the utility model for the cashmere industry following this year's "Cashmere Strip Production Process and Oil Refueling Device". Another breakthrough after the patent.

Cashmere has also been hailed as "soft gold". The China Silver Cashmere Industry directly and indirectly controls the share of China's "soft gold", which is about 40% of its original cashmere. The Bank of China Cashmere Industry, which has ranked first in China's plush export for the first time in many years, has not only been able to use “cashmere processing technology,” but also has been able to increase the added value of cashmere added value. . By the end of this year, the company is expected to become the first exporter of fine-processed cashmere yarn.

Italy intends to explore investment prospects in the textile printing industry in the northeast of India. Jitendra Chowdhury, Minister of Industry and Trade of Tripura, India, said that an Italian business delegation will visit India next month to discuss investment in the handloom industry, handicrafts, and silk. Prospects for cotton and other industries.

The minister said that a delegation of 280 members led by Italian Foreign Minister Franco Frattini will visit India in the first week of November to strengthen bilateral economic and trade relations.

Some members of the delegation will visit countries in the northeastern part of India, such as Tripura, on November 3, and discuss with state governments and local businessmen and investors.

He also revealed that Italy showed that they are interested in studying the industries of the northeastern states, including the investment prospects of handicrafts, handlooms, silk and cotton.

The output value of India's textile and textile industry will increase to Rs. 1580 crore in 2017. A senior government official stated that the Indian technology textile industry is expected to grow to Rs. 1,58,000 crore in 2017.

The technical textiles industry is expected to grow to Rs 1,58,000 crore in 2016-17 with an expected growth rate of 20%. In 2011-12, the technical and textile industry grew from 41,000 crores in 2010-11 to 633,000 rupees, with an annual growth rate of 11%, and textiles commissioner and textile minister AB Joshi was the third largest industrial textile manufacturer in India in 2011. After the opening of the exhibition, it was said.

Josh emphasized that some industries in India's technical textile industry are growing, namely Medtech, Geotech, Protech and Agrotech.

He said that during his visit, the Italian delegation expected to sign a memorandum of understanding with some companies in the states in northeastern India.