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…
Polyester Chain Ethylene prices in Asian markets inched up in November supported by healthy Chinese demand ahead of the 2018 term discussions and due to rising upstream values.In US, ethylene spot prices fell during the month amid restarting crackers and recently completed downstream capacity.In Europe, spot ethylene prices slipped as buyers had stock, bought earlier in the year.Prices averaged US$1,161.00-1,163.00 a ton CFR SE Asia, up 0.6% from October while European spot fell 6.1% to average Euro969.90-974.90 a ton FD NWE. US spot prices were down2.6% on the month to average US cents 27.45-27.95 per pound FD USG.Paraxylene prices in Asia were upduring the month on strong feedstock values and increasing demand in the region.In Europe, spot paraxylene prices rose to seven-month high in November, reflecting higher prices in Asia. In US, paraxylene prices inched up on tight supply in the region. Asian marker, the CFR China averaged US$896.40 a ton, up 5.4% from last monthwhile European paraxylene rose 5.4% to US$807.20 a ton FOB Rotterdam. In US, spot paraxylene was at US$830 a ton FOB USG, up 2.5% on the month. Mono ethylene glycol prices in Asia gained in November amid high feedstock values and limited supply in the…
The Powerloom machinery owner of Man-Made Fibre(MMF) based industry in Surat are worried about contineous increasing yarn prices since a month. Various deniers of synthetic yarn have reached at new height in every sale. The prices of texurised yarn, FDY has incresed upto Rs. 8-10/kg. during last the month. In December's first sale, yarn manufacturers, spinners has further tighten the prices. They again have raised the prices of POY, PTY and FDY by Rs. 1/kg. Though the prices are increasing, the momentom of market is weak. Because of weak demand and GST regime the weaving sector has observed three weeks long vacation this year. After Diwali vacation, weaving units are yet not running at full fledged mode. Now, Powerloom weavers are worried about hike in yarn prices and are in wait and watch mode for new orders. Many workers have left the city and have not returned. In some industrial area, the powerloom units are running in one shift only. The daily MMF fabric production in the city has come down to 2 crore meter, decreased by almost 50%. Yarn manufacturers are arguing that because of incresing crude oil prices, the raw material PTA, MEG and chips prices also have…
Cotton The expectation of a sharp fall in cotton prices remained elusive in Indian markets in November due to slow arrivals and falling yield due to pest attack. The cotton crop is set to fall significantly, say reports. The Cotton Association of India has projected 2017-18 crop output at 375 lakh bales (170 kg each). However, based on reports from mandis, CCI feels the yield will be lower by at least 10% and, with lower arrivals at the beginning of the season, the crop size may be lower. However, clarity on the crop is expected in coming weeks on the extent of damage the pink bollworm has done to the standing crop, especially in Maharashtra and Telangana, which together harvest 40% of the total crop. Usually, from November onward, daily arrival historically average 200,000 bales a day. This month, they are 30% lower. This has even dented exports prospects and may be less by 20% than previous target. Coarser variety cotton spot prices rose INR250-1,075per candy during November while benchmark Shankar-6 was traded down INR975a candy, at INR37,500 a candy on average. Finer variety cotton was cheaper by INR900-1,675 a candy during the month. In China, cotton spot markets were…
Yarn exports up in October, fabrics down as exporters hit by liquidity crunch In October 2017, the first month of 2017-18 cotton marketing year, recorded 89 thousand bales (of 170 kg each) of shipment as against 51 thousand bales in October 2016. With 2016-17 marketing season (October-September) closing at 6.74 lakh bale, it implies that exports this year will be significant. The price realization averaged (FOB) INR119 or US cents 80.8 per pound this month as against the Cotlook Index ‘A’ at 78.7 per pound Shankar-6 spot at US cents 75.4 per pound. Compared to a year ago, realization this year was US cents 7 lesser than last year but more than the ruling spot values and Cotlook ‘A’ index averages. However, a discerning trend will emerge in November this year since last year the markets were disrupted by the demonetization policy of the central government that banned high currency notes with effect from 9 November. The event had pushed peak period by almost a month and remained extended until May 2017. Bangladesh, Vietnam, and Indonesia were the largest importers of cotton with combined volumes at 82 thousand bales amongst the 11 countries that imported cotton from India in October.…
Basic Customs Duty On Imported Mmf Increased Upto 25% : Big Relief For Domestic Weavers And Knitters The weavers and exporters of the city cheers as the government has accepted their demand of increasing basic customs duty on imported MMF fabrics. In it’s recent notification, revenue department has fixed the floor price of imported fabrics. The duty on imported MMF fabrics and made-ups has been raised from 5 to 20% and 10 to 25% under various Harmonised System (HS) code of the products. The textile industrialist has Welcomed this decision as they belives that it will help to curb import of undervalued fabrics from China and Vietnam. Various MMF textile association of Surat are demanding increase in customs duty on fabrics created out of imported man-made fibre. Because of lower import duty, huge quantity of man-made fabrics had been imported to India in last 2-3 years. Moreover, cheap rates imported fabrics were highly undervalued which resulted in closure of thousands of power looms in Surat, Bhiwandi, Itchalkaranji, Malegaon and other cities. Industry sources said, approximately, 5000 crore worth of undervalued fabrics are imported from China and other countries to India every year. The import of fabrics from China is taking…
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