• RSWM scales up yarn production capacity to 1.32 lakh tonnes
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    RSWM scales up yarn production capacity to 1.32 lakh tonnes

    RSWM is flagship textiles co of Rs 7000-cr conglomerate LNJ Bhilwara Group

    New Delhi, May 13, 2015: The Rs 7000 cr textile to power conglomerate LNJ Bhilwara Group has announced a consolidation of its flagship textiles company RSWM with merger of Cheslind Textiles Ltd. and expansion of its plant at Kharigram Unit. This takes the installed capacity of RSWM to 5.05 lac spindles and 4,800 rotors which is one of the largest in the country, with production capacity of 132,000 tons yarn annually. RSWM has eight manufacturing plants.

    “We are pleased to announce the merger and strategic expansion of our Kharigram plant, which puts us in the front league of textiles companies in the country,” said Riju Jhunjhunwala, MD, RSWM.

    Giving out the details, Mr Jhunjhunwala said, “The new SJ-11 is an expansion of RSWM’s Kharigram Unit in Rajasthan.  It is a highly automated plant with an installed capacity of 51,840 spindles and production capacity of 17,000 million tonnes annually.”

    Mr ML Jhunjhunwala, President, RSWM, said “This is a completely automated spinning mill where yarn is getting produced without human touch due to which top quality yarn is getting produced. The new operation strengthens efforts to generate economic prosperity and more jobs. Our commitment to the people of Rajasthan is unwavering and we only expect a steady growth in coming months and years.”

    RSWM produces all types of spun yarn which is sold in domestic and international markets. Additionally, it has 154 looms and produces 17 million meter polyester viscose blended suiting’s annually which is marketed under the brand Mayur Suitings. It also produces denim fabrics on 86 looms with annual production of 16 million meters. It has 46 MW Thermal Power plants which gives uninterrupted power to its 8 manufacturing locations. The company has undertaken a focussed programme to increase operational efficiency for increasing its bottom line.

    RSWM has also come up with its range of new yarn products which has various end uses like fancy, shirting, upholstery, carpets and core spun lycra yarns in dyed and grey yarns. Raymond, Uco Denim, D' Decor, Arvind Ltd are the few names to whom these yarns are supplied.

    About the LNJ Bhilwara Group
    Started in 1961, the Rs 7000 crore LNJ Bhilwara Group, is a well diversified conglomerate with major business interests in Textiles, Graphite Electrode, Power Generation and Power Engineering Consultancy. Global in vision, ingrained with Indian values, the Group employs over 25,000 people and is driven by performance ethics pegged on value creation for its stakeholders. The Group has business relations in more than 73 countries and is one of the largest exporters of synthetic spun yarns.

    For more information, connect with us at GreyMatters Communications

    Debarati Das                                      This email address is being protected from spambots. You need JavaScript enabled to view it.                                           +91-9953657513
    Written on Saturday, 04 July 2015 07:09 in Corporate / SME News Be the first to comment! Read 5 times
  • Grey Ex Mill Fabric Price
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    Report Given By : Mr. Kirti Shah
    TEXTILE WORLD

    Write for more queries at :
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    * Kindly please note all prices are indicative.

    Written on Saturday, 23 November 2013 06:27 in Fabric Report Be the first to comment! Read 17 times Read more...
  • Sericulture Workers to get MNREGA Benefit
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    Sericulture Workers to get MNREGA Benefit  , TUFS to Generate Investment for Textile Industry

    The Union Minister of Textiles Dr. Kavuru Sambasiva Rao chaired a Conference of State Ministers of Textiles in Vigyan Bhawan  to encourage investment in textile sector in various sectors including handloom, handicraft etc.

    Dr. Rao said that the Technology Upgradation Fund Scheme (TUFS) has been notified. Earlier, approval for continuing the TUFS during the 12th Plan period with a major focus on power looms in accordance with the Budget announcement for the financial year 2013-14. A major feature of the Scheme is that to promote indigenous manufacturing of the textile machinery, Interest Reimbursement (IR) on second hand imported shuttleless looms shall be reduced from 5 percent to 2 percent. On the other hand, for new shuttleless looms capital subsidy would be raised from 10 percent to 15 percent, IR from 5 percent to 6 percent, Capital Subsidy from 10 percent to 15 percent and margin money subsidy from 20 percent to 30 percent with an increase in subsidy cap from Rs. 1 crore to Rs. 1.5 crore.

    Dr. Rao said that the Ministry has “decided to increase the production in sericulture from 23 thousand tones to 33 thousand by the end of 12th Plan”. He was also happy to inform that “the production of yarn is beyond the requirements of the nation.” Union Minister for Rural Development Shri Jairam Ramesh has agreed to integrate sericulture workers, where the farmers are marginal and small scale with the benefits of Mahatma Gandhi National Rural Employment Gurantee Act (MNREGA).”

    The Minister added that in the recent past the handicrafts exporters conveyed to him that “they wanted a warehousing facility in one of the countries of Latin America costing about 100-200 crores which would be spent in about five years.” He added that he has taken up this issue with the Finance Minister “and they are in support of it and I think we will be very soon getting budget for that also and construct a warehousing facility possibly in Uruguay by which the handicrafts exporters have assured me will double the exports from 17,000 to 34,000 crore in less than three years.”

    Highlighting the issue of skills training, Dr. Rao mentioned that “we should concentrate more on skills training.” He mentioned that the Ministry is “encouraging private institutions and industries” for the same. “We told them that we will give them money for training at the rate of Rs. 10,000 per trainee and they are very happy that they will undertake the training,” informed Dr. Rao.

    Continuation of the scheme for Integrated Textile Parks in the 12th Plan and additional grant for apparel manufacturing units

    The Cabinet Committee on Economic Affairs has approved continuation of the scheme for Integrated Textile Parks (SITP) in the 12th Five Year Plan and sanction of new projects for utilizing Rs. 717 crore the balance left in the 12th Five Year Plan allocation, after meeting committed liabilities of the sanctioned 61 parks. 

    The CCEA also approved additional grant of Rs. 10 crore to be given to existing parks for setting up apparel manufacturing units. Rs. 50 crore has been allocated for this purpose. The overall impact and progress of the scheme for integrated textile parks had been positive and the scheme had been successful in terms of leveraging private sector investment, employment generation and creation of need-based, product based world class infrastructure for the industry. With the increasing costs of production in established clusters and heightened emphasis on environmental compliances, there is a growing need for establishment of green field textile parks that would address both these constraints.

    Written on Saturday, 23 November 2013 06:09 in Government News Be the first to comment! Read 1 times
  • Success depends
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    “Success depends Upon previous preparation, and without such preparation There is sure to be failure.”

     

    Editorial
    National Textile Policy

     

    An important recent development concerning the textile industry is the constitution of an Expert Committee under the Chairmanship of Shri Ajay Shankar, Member- Secretary National Manufacturing Competitiveness Council, to formulate National Textile Policy.

     

    All said and done, the Textile Industry which employs 10.5 crore people directly or indirectly and earns foreign exchange

    Written on Friday, 22 November 2013 12:33 in Editorial Be the first to comment! Read 5 times Read more...
  • Weavetech
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    Sharad Tandon of Standon consulting is pleased to announce the successful second edition of Weavetech. The first of its kind concept in exhibition at manufacturers door step started in year 2012 focussing on the major textile cluster of Bhiwandi. Also it focussed on the specific sector of weaving which is one of the major areas of potential growth and modernisation. Following the encouraging response to the concept and execution from

    Written on Friday, 22 November 2013 12:14 in Show Reports Be the first to comment! Read 3 times Read more...
  • Twin Shows Yarnex / Texindia Ends With An Optimistic Note
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    It was on a very positive and optimistic note that the three-day twin shows Yarnex / TexIndia 2013 concluded at Tirupur on 21st September 2013. The show with around 76 exhibitors attracted 4711 top visitors, the highest turnout ever. The last few years, India's yarn and textile industry has been crisis ridden, surviving one crisis after another - from volatile cotton prices, power crisis, to weak overseas demands. But all

    Written on Friday, 22 November 2013 11:17 in Show Reports Be the first to comment! Read 8 times Read more...
  • Yarn Exports Recover Sharply- Ynfx Exporwatch Report
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    Yarn Exports Recover Sharply- Ynfx Exporwatch Report

    Overall Export Jumps Double-Digit

    India’s export growth jumped double-digit for the second consecutive month of August while imports declined marginally narrowing the trade deficit to a five-month low. Exports grew 12.97 per cent to US$26.13 billion in August 2013 - the highest growth in the last two years – while imports shrank 0.68 per cent to US$37.05 billion, led by a sharp fall in gold imports. Thisresulted in trade deficit declining to US$10.9 billion during August.

    Proposal to impose a 10 per cent duty on Cotton export

    A Group of Ministers (GoM) will look look into the Ministry of Textile’s proposal to impose a 10 percent duty on export of cotton beyond a declared/revised exportable surplus. The Cabinet has not taken any decision on this and the proposal has been referred to a GoM, which will look into all aspects.

    In addition to the Minister of Agriculture, the GoM would comprise of Textiles Minster K Sambasiva Rao and Commerce Minister Anand Sharma and others.

    Under the Cotton Distribution Policy, the Textiles Ministry is recommending imposition of a 10 percent ad valorem export duty at freight on board (FOB) or Rs. 10,000 per ton, whichever is less, for all cotton exports exceeding the declared/revised exportable surplus.

    The proposal is aimed at putting in place a stable, transparent, production and tariff driven cotton market to balance the interests of stakeholders in the entire value-chain.

    Spun Yarn Exports Jumps In August

    In August 2013, 119 million kgs of spun yarn was exported valued at US$419 million or Rs 2,575 crore. In terms of YoY growth, volumes were up 60 per cent while US$ value increased 63 percent reflecting a decline in unit price realisation since Rupee appreciating 2 per cent against the US$ in the comparable months. Overall unit price realization averaged US$3.49 /kg was, US cents 31 lower than therealization a month ago and US cents 7 higher than last year.

    Cotton yarn accounted for 88 per cent of the all spun yarn exported from India in August, while manmade fibre yarn, comprising polyester, viscose and acrylic yarns, contributed 4.7 per cent and blended spun yarn accounted for the remaining 7.8 per cent. In August, spun yarns were exported to 86 countries as against 87 in July 2012, implying no major change in destinations. But only two countries accounted for more than 50 per cent of all spun yarn exported from India. They were China and Bangladesh.

    Cotton yarn export was valued at US$367 million (Rs. 2,255 crore) implying unit price realization of US$3.54 a kg on an average in August 2013. This was US cent 1 lower than previous month and US cents 2 up from previous year’s level. Combed cotton yarn export was at 52 million kgs accounting for 56 per cent of the all cotton yarn exported during the month in terms of value. Carded yarn export was at 40 million kgs. Their respective unit value realization was US$3.94 per kg and US$3.26 per kg. Open end yarn export was at 8 million kgs. Cotton yarn was exported to 76 countries in August 2013, of which, China and Bangladesh together accounted for close to 60 per cent of Indian cotton yarn exports with total volume at 65 million kgs worth US$220 million.

    Export of spun yarns made of man-made fibres continued to decline in August. A total of 7.75 million kgs of man-made fibre spun yarns were exported in during the month, comprising 2.99 million kgs of

    polyester yarn, 2.29 million kgs of viscose yarn and 0.65 million kgs of acrylic yarn. About 0.83 million kgs of unspecified synthetic yarns were also exported. Polyester spun yarn export was valued at US$8.41 million with a unit price realization of US$2.82 on an average. Polyester spun yarn was exported to 43 countries with Turkey topping the list. Viscose yarn export was valued at US$7.43 million, implying average unit price realization of US$3.24 per kg, US cent 19 lower than last year. Belgium continued to be the highest importer of Indian viscose yarn valued at US$2.94 million followed by Iran with imports worth US$1.56 million. Around 23 countries imported viscose yarn from India in August 2013.

    In August 2013, blended spun yarns exports aggregated 9.61 million kgs valued at US$32.59 million. They mainly comprised 5.24 million kgs of PC yarns and 3.22 million kgs of PV yarns. USA was the largest importer of PC yarn from India in August 2013 while Turkey continued to be the largest importer of Indian PV yarns during the month.

    For More Information Contact us : This email address is being protected from spambots. You need JavaScript enabled to view it.

    Written on Friday, 22 November 2013 11:04 in Yarn Report Be the first to comment! Read 4 times
  • A vibrant future for indian textiles...!
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    The textile industry has undergone major changes in recent years. From an inward looking industry essentially catering to the domestic market, it has now become a vibrant exporter, bringing in precious foreign exchange. While continuing to be the largest employer in India after agriculture, the industry has also been trying to modernise and invest in plant and machinery to boost output. Though the current economic slowdown in Indian and global markets has slowed the tempo of changes, it is clear that the textile industry is poised on the threshold of an era of transformation.

    The process of globalisation has played its part in ushering in this change. Supplying to global players and addressing overseas markets, the industry today is aware of the need to integrate its value chains and to modernise its operations. Underlining the importance of the textile industry in India’s economic life, the Government has also facilitated several welcome changes. Some of the policy initiatives introduced in recent years include the Technology Upgradation Fund scheme, the Technology Mission on cotton, Scheme for integrated textile park, reduction in customs duty to import modern machinery, setting up of apparel training and design centres, 100% foreign direct investment in the sector, etc. These are bound to have a positive impact in the industry. Several textile players have become respectable brands in the global markets.

    For further expansion and growth, the textile industry has several pluses in its favour. In terms of domestic availability of major bres and yarns, India has a strong base in raw materials, being among the world’s leading nations in the production of cotton, jute and silk. As one of the oldest and established industries in India, it has established facilities from spinning mills to garmenting units. It has a rich heritage to sustain the country’s considerable talent in design and fashion. In recent decades, the industry has also gained considerable experience working with global rms.

    However, the country’s contribution to the world’s textile output is about 3%, underlining the fact that there is tremendous scope for growth. The positive changes and modernization attempts are not uniform across various segments of the industry or over the regional textile clusters of India. The industry has to scale up its exports and it also has to cater to the growing requirements of a prosperous middle class that has the purchasing power and access to global products. This cannot be done by an industry saddled with issues that hinder its growth. Some of these issues that need to be addressed for the Indian textiles to grow to its potential are briey touched upon:

    Consolidation and integration of units: At present, it is only the spinning segment of the textile industry that has been consolidated to a large extent. Other segments like weaving, knitting and processing units still remain fragmented. Thousands of units work in backward conditions without access to efcient processes, equipment or timely credit. This has been an inheritance from the earlier years when several aspects of the textile industry had been reserved for the small scale sector and our processes were not geared up for the export markets. In today’s changed context, to face the onslaught of global competition, Indian units have to hasten the move towards integration. Consolidation will help the industry to operate with economies of scale so that it gets viable to infuse new technology, modernise equipment, increase output and improve quality.

    Automation and modern technology: Several studies have pointed out that by installing modern equipment textile units in India can achieve higher productivity and minimise fabric defects. While the spinning segment has made progress on this front, modernisation is yet to happen in the weaving and related fabric manufacturing, and garment units. Machines to provide higher speeds and wider widths and software to monitor the efciency of operations are prerequisites for units that would like to make their mark in global markets.

    Removing infrastructural bottlenecks: Indian textile industry is seriously hampered by infrastructural bottlenecks. Available and reliable power tops the list of infrastructural essentials. Extended power outages have almost destroyed established textile centres like Coimbatore in Tamil Nadu. While existing units are languishing, any talk of modernisation without access to power will be meaningless.

    Captive power is an option, but the small and fragmented nature of textile operations call for co-ordination and planning among the various units for a common facility. If common efuent treatment plants can work in textile industry clusters there is no reason why the concept of shared captive power plants cannot emerge as a viable option. Textile associations and apex organisations can take the lead, and with the support of nancial institutions, local government and power developers this option can be the answer to the shortages that plague the industry. People focus: As millions depend on this sector for their livelihood, we need measures to make the transition to a modernised industry as painless as possible. Thousands of people continue to suffer as a result of the decline of textile units in several parts of the country, especially in Mumbai. Hence, as we move ahead it is important to consider and resolve people related issues with sensitivity, in all aspects ranging from the choice of technologies and changes in labour laws to skill development and the offer of credit facilities.

    A well planned and comprehensive skill development plan has to go hand in hand with enabling technologies and nancial support for modernisation. Such a programme will prepare the ground for the change in the mindsets of people that is so necessary for transformations. This again calls for an integrated approach involving agencies and people across various sectors. Ensuring internal efciencies: In the age of globalisation, a host of factors such as sourcing, technology, wage structures, governmental support etc. contribute to the competitiveness of enterprises. However, many of these are dependent on extraneous conditions and in the anxiety to inuence them, often the conditions within the industry and within individual units are neglected. Prudent industrial practices show us that there is immense scope for bringing in internal efciencies that can result in incremental savings and add to the protability of operations.

    Power shortage is endemic in the country and while grids and captive power plants can alter the overall situation, there is much that can be done internally to conserve this precious resource. On the energy side, fabric manufacturing needs heating, cooling and power inputs and today there are viable technologies like cogeneration and vapour absorption that integrate these inputs to provide optimal efciencies. Energy audits to plug wasteful leaks and targeted retrots and upgrades to bolster efciencies can help units improve their competitiveness. 

     

    Water, another essential resource, has already become as critical as power both in terms of availability and quality. Again, textile units can make use of technologies to treat efuent and recycle water for their processes. They can drastically bring down the spiralling cost of water and conserve the nation’s depleting stock of ground water. To conclude, as in every country that aims for the revival and expansion of its traditional industries, the Indian textile industry also will continue to need a supportive policy framework. As indicated earlier, from the government there have been several enabling moves in the last decade, though what has been done tends to fall short of what needs to be done. However, as a changed global economic context persuades every industry to look beyond state support and solutions, it is in the interests of our textile sector also to harness its internal strengths and overcome its structural aws for a vibrant phase of growth.

    Written on Thursday, 14 November 2013 12:18 in Cover Story Be the first to comment! Read 5 times
  • Textile Industry-Growth And Strategic Perspective
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    Editorial Note

    For laying down the roadmap for the growth of the textile industry in the Twelfth Plan, it is necessary to know the views of economists and academia. An article from Dr G. Bharathi Kamath, Associate Professor and Dr Ritu Dewan, Director and Professor, Department of Economics, University of Mumbai emphasizes on larger subsidies and policy support for the informal sector and SMEs. The economists are of the view that, with China emerging as the selfconsuming economy and because of other factors like appreciation of their currency and the increase in the cost of production, India has a good chance in the international market.

    - Consulting Editor

    There are no two opinions about the significance of textile industry in India in terms of its contribution towards output, employment and exports. To present a quick over view, the sector contributes 14 percent to the industrial production, 4 percent to GDP and 17 percent to the export earnings of the country. It provides direct employment to more than 35 million people. The growth and all round development of this industry has a direct bearing on the improvement of the economy of the nation. According to the working group of planning commission on textile industry, the potential for significant growth in the Indian Textile Industry is undisputed.

    • Textiles is one of the largest component of India’s exports and can grow further and faster.

    • There are enormous opportunities for employment creation in this sector.

    This is one sector where the competitiveness can be developed quickly at minimal cost. However it is possible only when the multitude of problems and several contradictions that this industry faces is overcome.

    The problems of the textile industry have its roots in a complex set of factors; including government policy, lack of modernization, diversification of company funds by mill owners, the growth of the power loom sector using the facilities and subsidies set aside for encouragement of handloom industry. And thus an industry with huge potential and totally self-sufficient indigenous capacity, e.g. Raw material (cotton), machinery, labour and a vast market, sank into messy crisis.

    In the year 2010-11, the mill sector contributed 4 percent to the production, the share of Powerloom sector, Handloom sector, Hosiery sector and Khadi / Wool & Silk was 61, 11, 23 and 1 percent respectively. The exports of clothing & cotton textiles together were US $ 21500 of the total US $ 32350 for the year 2011-12. The textile industry employment in the year 2011 was 45.19 million and is projected to reach 52 million by 2016-17. The allied industry is a major source of employment with figures of 60.2 million in the year 2011, projected to reach 69 million by the end of twelfth plan period.

    There is a dominance of the decentralised powerloom and handloom sectors in the textile industry, which are mainly small and medium scale enterprises. In fact, many of the large textile companies are also conglomerates of medium sized mills. Statistics released by the Ministry of Textiles shows a highly fragmented industry, except in the spinning subsegment. The organised sector contributes over 95% of spinning, but hardly 5% of weaving fabric. Small Scale Industries (SSIs) perform the bulk of the weaving and processing operations.

    The schemes offered by government for this sector ranges from welfare schemes, e-marketing schemes, skill development, credit and financial packages. Besides providing various schemes, there are various other statutes, including fiscal policies (governing customs, excise, sales tax, etc.), rules, initiatives, incentives, etc through which government extends support to the industry.

    The paradox that is observed is that inspite of higher contribution of informal sector and SME’s as compared to large industries to production, export earning and employment generation, the extent of subsidies in terms of credit and policy benefits that they actually reap is least and this one major aspect that requires serious and immediate intervention from government.

    Lack of finance and poor technology is one of the oft repeated and discussed problems about the textile industry; it is argued that the large unorganized sector has poor capability to raise its productivity, volumes and quality standards owing to poor access to latest technologies and finances. The paradox is that the requirement of the funds could have been easily be selffinanced, but the contradiction is that the newer generation mill owners had diverted funds indiscriminately from textile mills into newer and more profitable industries, without long term business interests. There was hardly any ploughing back of profits into modernising and replacing the old and worn machinery.

    Another crucial aspect closely related to the former is on the textile mill land, which is a pot of gold. The mill owners claimed that they need to raise money for urgently needed modernization of their outdated machinery. Over years there has been a lot of tussle between the mill owners and workers

    w.r.t. land issues. The money so raised was never used for the technical progress either in terms of modernization or upgradation of these industries. This had its impact on lower levels of productivity as well as profitability of the industry over years. This is another contradiction that inspite of having a financial capabilities for technological upgradation, due to lack of effective management and timely interventions, an opportunity was lost.

    In the international market, India boasts of a strong raw material production base, a vast pool of skilled and unskilled personnel, sizable supply of fabric, cheap labour, good export potential and low import content as some of the salient features and strengths of its textile industry. This is a traditional, robust, well-established industry, enjoying considerable demand in the domestic as well as global markets. However, at the global level, India’s textile exports account for just 4.72% of global textile and clothing exports. India’s presence in the international market is significant in the areas of fabrics and yarn. Quota constraints and shortcomings in producing value-added fabrics and garments and the absence of contemporary design facilities are some of the challenges that have impacted textile exports from India. 

    The potential size of Indian textile industry is expected to reach $220 billion by 2020. Retail sector is one of the potential growth sectors, as several international retailers are looking towards India as a potential sourcing destination. There is a marked shift in consumer preferences towards man-made fibre and this change is attributed to the changes in the level of disposable income and consumption pattern. Buyers need to diversify sourcing risk is another factor which would boost export growth.

    Another segment in fabric that is fast growing is the hygiene products. The national market is still in its incipiency stage, however, there is a potential once the market penetrates and grows beyond the urban areas. However, the international market is well developed for this segment.

    On the basis of its strengths and expected growth in potential segments, India can aim to become a major outsourcing hub for foreign manufacturers and retailers, with composite mills and large integrated firms being their preferred partners. It will thus be essential for SMEs to align with these firms that can ensure a market for their products and new orders. The focus should be on research and development; India does not have expertise in synthetic yarn manufacturing, which is more durable than cotton and jute and demand for which is growing very fast in the market. Though some interest has been shown by manufacturers in India, it has a huge potential which needs to be tapped.

    The SMEs in the powerloom and handloom sector will face significant churn in the future. Spinning mills that account for 95% of the yarn and fibre production, will move up the value chain into weaving. This will erode the viability of the hitherto protected powerloom and handloom operators numbering over 400,000, who have remained insulated from competitive forces so far. A possible remedy could be for these weavers to align with bigger players or integrate operations that would ensure off-take of their products.

    Another aspect in the international market is that China is viewed as a competitor to Indian textile industry. It must be noted that China is the leading sourcing base for textile and apparel with a majority share of about 35% of global exports. However, rising labour cost and fast ageing population is one of the greatest challenges that is being faced by Chinese textile industry. China has also become a self-consuming economy due to increase in per capita income and the consequent increase in domestic demand; also the Chinese currency is appreciating over a period in the recent years. These factors would definitely have a negative impact on its textile exports. Indian industry must take this into account and try and capture the international market. A recent report on “benchmarking study of production costs in India vis-a-vis Bangladesh, China, Egypt, Indonesia, Pakistan and Turkey” observes that Indian textile industry has emerged to be competitive over years. The impression that the labour productivity is lower than Bangladesh is false.

    The textiles sector has witnessed a spurt in investment during the last five years. The industry (including dyed and printed) attracted foreign direct investments (FDI) worth Rs 5,831.02 crore (US& 854.78 million) during April 2000 to May 2013. This trend is welcome and its sustenance over longer period requires conscious effort in terms of provision of sufficient and reliable infrastructure facilities.

    There is a bright future for the industry as it stands with a competitive advantage in terms of raw-material and potential to grow and match up to meet the increasing international demand. The industry has to explore strategies to tap the potential possibilities along with the government’s concerted policy effort to seize the emerging opportunities. The approach Paper of the eleventh planning commission on textile and jute industry also suggests that the private sector, small enterprises and the corporate sector have a critical role to play in achieving the objectives of faster and more inclusive growth, and has laid emphasis on policies aimed at creating an environment in which entrepreneurship can flourish.

    References:

    1. http://planningcommission.nic.in/

    2. www.dnb.co.in

     

    3. http://texmin.nic.in/

    Written on Thursday, 14 November 2013 11:45 in Cover Story Be the first to comment! Read 6 times
  • Techtextil India
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    Untitled DocumentFinal Report
    Techtextil India
    BEC, Mumbai
    3 – 5 October, 2013

    TechtextilIndia’s growth streak continues for fourth consecutive edition

    TechtextilIndia Symposium 2013 offered the right mix of expertise and industry experience

    The 4th edition of Techtextil India – the International Trade Fair for Technical Textiles and Nonwovens – closed its 3-day run at Hall 6 of the Bombay Exhibition Centre (BEC) on 5th October 2013, with 5,575 professional visitors in attendance. The exhibition, registering a 40 per cent increase in the number of exhibiting companies of 182 (2011: 130) from 16 countries, showcased the latest products and innovations. “Feedback from the industry, both exhibitors and visitors, was extremely encouraging. Techtextil India 2013 was an event packed with superlatives. With this year’s figures, the show has definitely established a firm position among the technical textile trade fairs inIndia,” commented Raj Manek, Managing Director,Messe Frankfurt Trade Fairs India Pvt Ltd.

    Written on Friday, 08 November 2013 13:02 in Report Be the first to comment! Read 21 times Read more...
  • ATE Enterprises Pvt. Ltd. (ATEPL)
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    Passion, Commitment and Excellence If there is one company in India in the space of textile engineering that can claim to be a 'single window solution provider' across the textile value chain, it is only A.T.E.! 

    Mr. Anuj Bhagwati
    Managing Director
    A.T.E. Group

    From a humble beginning over 7 decades ago, A.T.E. has grown organically and inorganically-occupying a centre stage in the Indian textile industry, while firmly establishing itself in other areas of business such as clean technology, print and packing solutions and machine-to-machine solutions. A.T.E. group now consists of 9 companies, which include manufacturing units, a project execution company, and an industrial sale, distribution and service company with a nationwide network as well as subsidiary in Dhaka, Bangladesh.

     

    Written on Friday, 08 November 2013 12:38 in Corporate Profile Be the first to comment! Read 3 times Read more...
  • Sericulture Workers to get MNREGA Benefit , TUFS to Generate Investment for Textile Industry
    Written by

    The Union Minister of Textiles Dr. Kavuru Sambasiva Rao chaired a Conference of State Ministers of Textiles in Vigyan Bhawan  to encourage investment in textile sector in various sectors including handloom, handicraft etc. 

    Dr. Rao said that the Technology Upgradation Fund Scheme (TUFS) has been notified. Earlier, approval for continuing the TUFS during the 12th Plan period with a major focus on powerlooms in accordance with the Budget announcement for the financial year 2013-14. A major feature of the Scheme is that to promote indigenous manufacturing of the textile machinery, Interest Reimbursement (IR) on second hand imported shuttleless looms shall be reduced from 5 percent to 2 percent. On the other hand, for new shuttleless looms capital subsidy would be raised from 10 percent to 15 percent, IR from 5 percent to 6 percent, Capital Subsidy from 10 percent to 15 percent and margin money subsidy from 20 percent to 30 percent with an increase in subsidy cap from Rs. 1 crore to Rs. 1.5 crore. 

    Written on Friday, 08 November 2013 12:13 in News & Articles Be the first to comment! Read 0 times Read more...
  • Interview with Mr. Harish Bijoor, Brand-expert & CEO, Harish Bijoor Consults Inc.
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    Editorial Note

    Shri. Harish Bijoor is a renowned Brand- expert and CEO of Harish Bijoor Consultants Incorporated. He is more known as a pundit of branding. Many well-known corporate houses figure in the list of his clients, which is a virtual who’s, who. The three major segments of the textile industry viz. weaving, processing and garmenting are dominated by the small-scale units. Even in the case of spinning sector, there are a few mills having a capacity of one lakh spindles or more. Since branding is an essential part of modern marketing our representative pointedly asked the guru of branding on feasibility of adoption of branding by the SME sector. The candid replies given by Shri Harish Bijoor should make the decentralized sector seriously think about branding. Here is the response of the branding expert to the grueling questions of our representative.

    Written on Friday, 01 November 2013 07:09 in Interviews Be the first to comment! Read 6 times Read more...
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