News Tags

Related Keywords: CM Maharashtra, cotton cultivators, Cotton Spinning Mills, Develop VIdarbha as biggest textile hub, Devendra Fadnavis, finished goods, raw product, special package, VIDC

The Maharashtra chief minister Devendra Fadnavis plans to develop Vidarbha as the biggest textile hub of India as he believes that farmer’s problems will not resolve with just one time financial package. There has to be alternate avenues to channelize their cotton and ensure higher remunerations long term.
The state government is going to announce a special package for Vidarbha next week to promote cotton based industries in the region.

Related Keywords: crude oil price, Indian yarn makers, MEG, polyester raw material, PTA, Reliance Industries Limited, rise in raw material price, South Gujarat Textile Processors Association, synthetic yarn, yarn price

The two key raw materials Purified terephthalic acid (PTA) and mono-ethylene glycol (MEG) used in making synthetic yarn although have remained low globally but in India the same have risen by Rs 10-15 per kg in recent past and have remained at high levels putting Indian yarn makers' margins under pressure.

Related Keywords: choking mill sector, D Prabhu, Indian textile industry, Jayant Sinha, Minister of State for Finance, prospective investors, Secretary Texpreneurs Forum, subsidy disbursement, TUF scheme

The Textile ndustry seeks immediate government intervention as the inordinate delay in disbursement of TUF subsidy is impacting the working capital requirements of the respective units. Technology Upgradation Fund scheme has helped the textile industry to transform into a technologically advance industry but on the other end the delay in TUF subsidy disbursement is choking the mill sector.

Related Keywords: China Free Trade Agreement, clothing and textiles, export to EU, GSP Plus status, home textile sector, Pakistan textile export, Pakistan textile industry

Pakistan textile remained the major beneficiary of the Generalized Scheme of Preferences (GSP) Plus arrangement. During January-April 2014, Pakistan textile exports to the EU increased to $1.74 billion from $1.44 billion during the same period in 2013.

Related Keywords: cotton cultivation, Directorate of Handlooms and Textiles, export-oriented facility, Fifteen entrepreneurs, infrastructure facilities, Padalur, SIPCOT, Textile Park

The Perambalur district administration is in the process of handing over 40.35 hectares of land for Textile Park coming up on Tiruchi-Chennai National Highway at Padalur to the State Industries Promotion Corporation of Tamil Nadu (SIPCOT) – the implementing agency of the project.

Perambalur district, a major cotton growing district stands to benefit from the textile park.

The agency has written to the State government for getting administrative sanction for the project. After getting the sanction, SIPCOT would provide infrastructure facilities to the entrepreneurs.

Related Keywords: countires of Custom union, domestic market, illegal reexport, polyester, polypropylene, raw material, Russian Ministry of Industry and Trade, Russian nonwovens, technical textile industry, volatile commodity prices

The Russian nonwovens and technical textiles industries volume of production during the period January-October has declined by about 15 percent compared to the same period last year, due to the ongoing currency jumps; the ever growing volume of illegal re-exports of technical textiles and nonwovens to Russia through the other countries of the Customs Union, and in particular Kazakhstan and Belarus; volatile commodity prices and the high level of depreciation of equipment at the majority of the industry’s enterprises might put the industry in tight spot.

Related Keywords: Channapatna town, D Basavaraju, Karnataka state silk industries corporation, KSIC, KSIC outlet, Mysore silk saree, soft silk unit, textile department

A soft silk unit would soon be set up in Channapatna a town in Karnataka at a cost of Rs 10 crore that will help reduce the price of Mysore silk sarees. This was announced by Karnataka State Silk Industries Corporaion (KSIC) Chairperson D Basavaraju during his visit to KSIC factory in the city.

Related Keywords: intra Asisan trade, Manufacturing shift, Sourtheast Asian countries, Southern China, Textile, Vietnam textile and garment exports

Manufacturing has been shifting away from the more expensive southern China to Southeast and South Asian countries such as Vietnam and Bangladesh. The shift is being led by textiles which may have increased intra-Asian trade but it will still take years to cause an impact on global sourcing patterns, according to trade finance bankers and fashion retailers.

Related Keywords: export jute product, food packaging, foreign exchange, hazardous packaging material, jute cultivation, jute mills, Pakistan jute industry, Pakistan jute mills association, raw material, Saqlain Akhtar, Senior VP, technical infrastructure

The Pakistan jute industry is looking for government support in technical infrastructure for industry along with guidance and long term policy support for jute cultivation to substitute import of raw material, exports of jute products after value addition which can earn handsome amount of foreign exchange for the country, which currently stands at around $14 million according to Saqlain Akhtar, Senior Vice President of Pakistan Jute Mills Association (PJMA).

Related Keywords: Embroidery Machinery, garment, Global Textile Technology & Engineering Show, GTTES 2015, knitting, Textile chemical, textile dyes, textile event in Mumbai, textile exhibition in Mumbai, textile fibre, textile yarn

The Global Textile Technology & Engineering Show to be held from 20-22nd January 2015 in Mumbai is a single window access to textile technology, new markets & customers, engineering solutions & International trade. GTTES-2015 brings focus to post spinning segments and provides once stop solution for every business in the textile segments. This event is supported by Heavy Industry Ministry (Government of India) & Textile Department (Government of Maharashtra).