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Diversification: The survival key for medium-level exporters in Delhi-NCR

Today, home furnishing market is one of the most competitive industries across the globe that carries a very promising future for those companies that have the wherewithal to deliver products as per various market demands. According to a market research report released by Allied Market Research, home products are a growing segment increasing rapidly at the current CAGR rate of 4.2 per cent, expected to touch US $ 664.0 billion by 2020. This significant growth […]

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Indian knitwear industry likely to get ‘special package’ soon

Indian knitwear industry might get to hear good news in around two months’ time as the Government is likely to announce a package for it. The to-be-announced package is expected to provide a level-playing field to the knitwear industry, which is facing tough competition from countries like China. A number of factors like lower automation and lack of technology upgradation have made Indian knitwear sector a laggard in the global competition. “We met stakeholders on […]

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Post ‘Special Package’: MoT claims approval of Rs. 3,000 crore investments for the garment industry

On the occasion of completing three years of Modi Government, Smriti Irani, Union Minister of Textiles, held the first ever official meet of the Ministry and media in New Delhi. In an hour-long briefing, the Minister touched each and every aspect of the Indian textile industry and highlighted the Government’s journey and achievements of three years. She highlighted that a ‘Special Package’ of Rs. 6,000 crore which was announced last year in June, has so far approved […]

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Telangana (India) Govt. allocates Rs. 1,200 crore for textile industry

Rs. 1,200 crore has been allocated by the Telangana (India) Government to the textile sector for FY 2017-18. Of the total budget, Rs. 373 crore is for handlooms and Rs. 827 crore for powerlooms, their modernization and other schemes. This was disclosed by State Information Technology and Industries Minister K. T. Rama Rao. It is pertinent to note that Telangana Government has also initiated the process to formulate textile and apparel policy to facilitate loans […]

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Textiles India ’17 likely to see 15,000 domestic visitors

Textiles India 2017, touted to be the biggest ever garment and textile event in the country, scheduled to be held in Gandhinagar, Gujarat from 30 June to 2 July, is expecting nearly 2,000 international buyers and 15,000 domestic visitors. This was mentioned by Subrata Gupta, Joint Secretary, Ministry of Textiles, who further underlined that modernization of weaving processes will the key highlight. Moreover, there is a possibility that Indian Army will also source protective gears […]

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SIMA hails GST rate cut on textile job work

M. Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has appreciated the GST Council’s move to slash the service tax on textile job work from 18 per cent to 5 per cent. It may be mentioned here that the textile industry has requested the Indian Government and the GST Council to slash GST on textile job work to 5 per cent as over 80 per cent of the manufacturing activities in the textile value chain […]

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Arunachal Pradesh (India) launches CMITP Scheme

Arunachal Pradesh (India) witnessed the launch of Chief Minister’s Indigenous Textile Promotion (CMITP) Scheme for the session 2016-17 at Aalo Craft Center by Yaman Bagra, Chairperson, West Siang Zilla Parishad. During the launch, Yaman appealed women workers to take maximum benefits from such schemes and urged every weaver to utilize the free yarns distributed to them to earn maximum profit and become self-employed and self-dependent. 60 weavers out of selected 600 beneficiaries were distributed free cotton […]

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Assam (India) to formulate new textile policy

State Government of Assam (India) has announced the formulation of a new textile policy aiming to give a major fillip to handloom and textile sector in the state in the global market. “The proposed policy will focus on integrating production and marketing of handloom and textile products, empowering weavers and making a niche for handicrafts of the state in the world market,” as mentioned in the press release issued by the Govt. Sarbananda Sonowal, Chief […]

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CITI expresses views on GST rates for textile industry

Ever since the GST rates for textile industry have come out, lot of (positive) buzz can be felt within the sector. The same is evident in the latest statement of CITI Chairman, J. Thulasidharan, who has welcomed the decision to keep the GST rates for all natural fibres including cotton, cotton yarn, fabrics and readymade garments valued below Rs. 1,000 at 5 per cent. Complimenting the Government, Thulasidharan said that textile sector, especially cotton-based products […]

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Indian T&C industry needs more knowledge sharing sessions

Garment and textile industry of India has urged the Government to conduct more knowledge sharing programmes. To drive growth, increase technical potential and production efficiencies, revised taxation policies, and other important aspects always demand effective and regular interaction sessions, the industry underlined. Although industry bodies and ministries jointly organize such type of events for the exporters and manufacturers, but still they appear unsatisfied. Apparel Resources talked to some of the industry player to figure out […]

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Textile exports from India see steady rise

2,800 textile units which produce textile machinery for entire textile value chain across India have witnessed a steady increase in textile exports in the last five years. According to the Textile Machinery Manufacturers’ Association (TMMA), textile exports increased from Rs. 1,523 crore in FY ’12 to Rs. 2,466 crore in FY ’15. Though official data shows a drop in exports in 2015-2016, private firm’s data indicated Rs. 2,572 crore of exports in 2015-2016. TMMA says […]

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NGT allows reopening of textile units in Rajasthan (India)

At least 578 textile units in Rajasthan’s Pali District that remained closed for flouting pollution norms will be re-opened soon. India’s National Green Tribunal (NGT) has given permission for conditional reopening of these textile units. The decision was taken by the Jodhpur bench of the Tribunal. The bench allowed conditional reopening of these units after the owners gave an assurance that they would follow all the directions passed by the Tribunal. Surreptitious and illegal dyeing […]

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New Governments in Punjab and UP: High hopes for the industry, but…

Punjab and Uttar Pradesh (UP), two of the biggest textile/garmenting hubs in India, recently formed new State Governments. Both the Governments have since started working aggressively on the industry’s front including textiles. Punjab is in the process to form new textile policy and its officials have also started conducting meetings with the industry representatives. In UP, Minister of State Suresh Rana met Union Textiles Minister Smriti Irani and requested her to initiate the process to […]

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A.T.E. reinstates its focus on textile machinery segment

A.T.E. Group has decided to shift its focus back on textile machinery segment. The company had recently shut down its garment machinery supply business as it was not able to meet the projected targets. In doing so, the company has not retrenched any employee unless they themselves opted out. The employees has been sent to get training on textile machinery in various countries such as Germany, Austria and Spain. In conversation with Apparel Resources, KB […]

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India creates 7,50,000 jobs in textile & garment industry

Unveiling an estimate, Ministry of Textiles (MoT), India has said that the country created over 7,50,000 jobs in textile and garment industry last fiscal ended in March 2017. This massive boost in the jobs was recorded as the Government announced a whopping Rs. 6,000 crore package in June 2016 with some comprehensive changes related to labour laws. The MoT reported that 3,26,471 direct and 4,24,412 indirect jobs were created in the sector powered by the […]

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