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Textile industry of India seeks uniform duty of 5% under GST

Indian textile industry has sought a uniform duty of 5 per cent under the Goods and Services Tax (GST), expected to be executed from July this year. GST is seen as the most comprehensive tax reform the country has witnessed since Independence.Retailers in the country are also looking for early implementation of Goods and Services Tax (GST). Also Read – Indian retailers back early execution of GST It is pertinent to mention here that Special […]

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New Minister Old Agenda for India?

On the evening of 6th July 2016 the social and mainstream media was abuzz with the news and comments on the so-called ‘demotion’ of Smriti Irani from the powerful HRD Ministry to MoT. At the same time the entire Indian textile industry was rejoicing on getting a young, smart, effective and aggressive minister, after many years. Apparel Online too carried a strong editorial in acknowledgment of what her appointment could mean for the industry. Contrary […]

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Indian textile manufacturer Vardhman gets MP Govt.’s nod to expand

Leading Indian textile conglomerate Vardhman Textiles Limited has reportedly got approval from Madhya Pradesh (India) Government for its expansion and modernization plan worth Rs. 1,450 crore. The company will modernize its units in Mandideep, Satlapur and Budhni, and expand Sagar Manufacturing Private Limited at Tamot in Raisen district. Additionally, Neeraj Jain, JMD, Vardhman Textiles informed a leading Indian daily that the company has already made a plan of about Rs. 1,000-12,00 crores investment principallyon the […]

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Indian T&C sector to employ 21.54 million workers by 2022: NSDC

Currently, 15.23 million people are employed in the textile sub-sector across yarn and fabric, home textiles, technical textiles and readymade garments, according to a report titled ‘Human Resource and Skill Requirement in Textiles and Clothing Sector’ by KPMG and NSDC. The report pointed out that garmenting sector employ 8.04 million people (52.78 per cent), while 3.1 million people (20.35 per cent) and 4.09 million people (26.78 per cent) work in home and technical textiles segment […]

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Vibrant Gujarat Summit ’17: MoUs worth Rs. 8,835 crore inked in textile sector

MoUs worth Rs. 8,835 crore in textile sector were signed at 2017 Vibrant Gujarat Global Summit. Various segments included in MoUs are textile parks, textile processing, machinery, carpet development, etc. Indian Textiles Minister Smriti Zubin Irani also marked her presence in the ‘Make in Gujarat’ themed seminar on “Trends & Innovation impacting the Textile Value Chain”, at the Summit in Gandhinagar, Gujarat. The Minister assured full support in the development of the textile value chain […]

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TEA President meets Indian Textiles Minister to discuss issues

Raja M Shanmugham, President, Tirupur Exporters’ Association (TEA) recently had a meeting with Smriti Irani, Indian Textiles Minister, to discuss GST, rebate on state levies, labour law reforms and setting up of knitwear board. He urged entire textile sector may be placed in the lowest slab of the GST because of its MSME dominant nature and the slender margins so that industry can absorb the levy without any significant impact on the business. Also, the […]

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Welspun organizes 3-day digitization drive to cope demonetization

Welspun Group, India’s largest textile and steel conglomerate, initiated the country’s biggest ever three-day digitization drive involving 15,000 of its workers at Anjar plant. The programme was attended by Rajesh Mandawewala, Group Managing Director – Welspun Group, SopanNath, Unit Head, along with 500 team leaders and officials from the regional office of the Textile Commissioner, Ahmedabad, India. At a mass event, presided by Dr. Kavita Gupta, IAS, Textile Commissioner, Government of India, 500 workers downloaded […]

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Start-ups mushroom in the industry with fresh ideas

The industry has always rued the fact that the young generation of entrepreneurs is not interested in the textile industry and no fresh ideas are finding their way into the age-old systems. But in the last few years, things are changing and some start-ups have stood-out for their new approach to business. Three new ventures that are about a year old are worth mentioning. While two have been started by industry-informed people, one is the […]

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A glimpse of what states requested and got from MoT

One of the most important events for the entire Indian textile industry – the annual conference of State Textiles’ Ministers – was recently held in New Delhi, wherein the entire Government machinery related to the Ministry, like Central and States’ Ministers, and senior officers discussed their agendas and put forward their states’ demands and issues. Unlike last year the media was not allowed to attend the event, yet Apparel Online was successful in collecting information […]

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Child slavery common in South Indian spinning mills: Report

Various forms of modern slavery, including child slavery, are found in more than 90 per cent of the spinning mills in South India that produce yarn for India, Bangladeshi and Chinese garment factories that produce for brands such as C&A, Gap, Marks and Spencer, Primark and Walmart, according to a new report ‘Fabric of Slavery’ by the India Committee of Netherlands (ICN). 743 spinning mills surveyed in Tamil Nadu, India were found employing majority of […]

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Spinning mills of Kerala (India) get Rs. 15 crore aid

Spinning mills in the public sector of Kerala, India will soon be operational as the State Government had allocated Rs. 15 crore to procure raw material and carry out repair works for revitalizing the textile sector of the state. AC Moideen, Industries Minister, Kerala made the announcement at a meeting of the trade union leaders. Multiple factors such as lack of working capital, raw material, pending power bills and other statutory payments had adversely affected the functioning of the […]

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Indian Government sanctions grant for Tirupur dyeing industry

The Government of India has taken cognizance of Tirupur dyeing industry, which was on the verge of closure due to severe financial crisis, by sanctioning Rs. 200 crores to the industry. Recommended by the Ministry of Textiles, Ministry of Finance has sanctioned the grant to State Government of Tamil Nadu for the 18 Common Effluent plants (CETPs) as an interest-free loan to be converted into grant based on the performance of the CETPs. The move will help ailing […]

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Anangoor focuses on steam as an energy-saving option

Interestingly, the Indian textile industry is undergoing various innovations in terms of cost-efficiency and also energy-saving, and one such company focusing on identifying energy saving options along with partners is Anangoor Textile Mills. The company with the technical support of Elgi Equipments, Coimbatore has invested in systems to save on steam as a source of energy and has been propagating the same to the numerous members of ITF (Indian Texpreneurs Federation) as well. Speaking exclusively […]

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Online fashion store LimeRoad signs MoU with Indian Government

Online fashion store LimeRoad has inked an MoU with Madhya Pradesh Laghu Udyog Nigam during the National Vendor Development Programme and MSME Convention 2016, hosted by the Ministry of MSME, Government of India and the Department of MSME, Government of Madhya Pradesh. As per the partnership terms, LimeRoad will retail handloom and handicraft range of products on its platform. The e-commerce platform has already started selling handicrafts and apparel range from the Nigam, reports the […]

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Indian technical textiles sector to attract Rs. 1 lakh crore investment by ’25

At a conference on technical textiles and non-wovens, organised by Federation of Indian Chambers of Commerce and Industry (FICCI), M. Senthil Kumar, Chairman of Southern India Mills’ Association (SIMA), said that the Indian textile industry is expected to attract investment worth Rs. 1 lakh crore in technical textiles by the year 2025. With major share going to packtech, about 42 per cent, industrial textiles and home textiles are expected to attract about 10 per cent […]

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