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Related Keywords: Codissia Trade Fair Complex, Codissia Trade Fair complex, cut in VAT rate, Farm to Finish Fair, SIMA, Southern India Mills’ Association, TexFair 2015, textile machinery, TN state government

The Southern India Mills’ Association (SIMA) has appealed to the State Government to bring down the VAT rate from 5 percent to 2 percent, as they are gearing up to conduct TexFair 2015 and the second edition of SIMA Farm to Finish between January 9 and 12 at the Codissia Trade Fair Complex here.

SIMA Chairman T Rajkumar said that the association had met the State Finance Minister and Secretary in this regard and they were ensured that their request would be considered on a trial basis initially before regularising it.

Related Keywords: 13 textile parks, Indian textile industry, investment Rs100 crore, Minister of state for textiles, new textile policy, Santosh Kumar Gangwar, treble market share

The Minister of State (Independent Charge) for Textiles Santosh Kumar Gangwar approved setting up of 13 textile parks for which investment proposals of miniumum Rs100 crore will be considered, this move is expected to generate jobs for at least 2,500 to 3,000 people.

Subsidy amount of 40 crore each will be provided by the Ministry, said Gangwar. After agriculture, it is the textile industry which generates maximum employment

Gangwar has called for a meeting of the state Textile Ministers on 24 September, to seek their inputs on the new Textile policy and other related matters.

Related Keywords: cut tapes and textile solutions, Gerhard Topp, German company, manufacturing pant components, Ploucquet Group, sell unit in Brasov, tailor-made solutions, technical and fashion area, textile accessory producers

Ploucquet Group, German company specialized in manufacturing pant components to sell out its unit in Brasov to a textile accessory producer, Gerhard Topp. There are 42 employees working at the Brasov unit which will keep their jobs, working for Gerhard Topp.

Related Keywords: Bangladesh, chinese mill, cotton bales, cotton yarn, Cotton year, decline in cotton prices, finer quality cotton, Indian cotton exporters, Indian cotton industry, international prices, long-staple, Vietnam

This cotton year, India has exported 11.5 million bales, compared with 11.4 million bales in the previous cotton year. It is estimated at the beginning of the next season, export will fall 35-40 per cent.

Currently, cotton exports from India have come to a standstill, as the global prices are on a downward trend, while Indian prices are higher than them.

Related Keywords: Indian labour law, Indian textile industry, International labour organisation, skilled manpower, textile growth target, textile ministry of India

To achieve textile growth targets skilled manpower of 35 million will be required by 2024-25. Also, initially training needs to be increased to generate the supply of about 1 million trained workers annually and to ensure that in the next three years, the entire new workforce entering the sector is formally trained and certified.

Related Keywords: close operations, cotton mélange yarns, Damanganga Fabrics, Damanganga home textile, expand operations, Gujarat, mix products, Sutlej Textiles, Sutlej Textiles and Industries Ltd (STIL)

Sutlej Textiles and Industries Ltd (STIL) at its board of directors meeting held on September 17, 2014 has taken up the decision to expand the operations of one of the Company's Units viz: Damanganga Home Textiles based at Daheli, Bhilad, Gujarat.

The project will be implemented in FY 2015-16 and the capacity will increase to 9.6 million metres per annum. The investment involved in the project expansion will be to the tune of Rs.88.50 crore.

Related Keywords: China, cotton bale, cotton export, Cotton market, frenetic trading, India, Pakistan cotton grower, Pakistan cotton industry ICE futures, phutti, seed cotton

Pakistan cotton growers and ginners once again faced frenetic trading on the cotton market on Wednesday and looked a bit upset due to strong supply of seed cotton.

According to cotton analyst, the growers and ginners had hoarded phutti in expectations of increase in profit amid tight supply but now phutti arrivals improved significantly, this is factor, which is inducing them to sell huge stock below the expected level.

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.

Related Keywords: Asean, China National Textile and Apparel Council, Chinese textile and apparel industry, dyeing and printing enterprises., sales and exports growth, social responsibility, sustainable development, wool and flax spinning

The textile and apparel industry of China is determined to fight back the trend by becoming more efficient, innovative and environmentally friendly, although textiles and apparel industry growth in sales and exports has slowed down from January to July by 1.5 percentage points and 1.2 percentage points, respectively.

Also many labor-intensive manufacturing industries in China have declined with the country's economic slowdown, as per the industry's 2013-2014 social responsibility report.

Related Keywords: e-commerce, fabric brand, generate revenue, Grasim, leading textile companies, Raymond, Siyaram, train and upgrade tailors

E-commerce fever is catching up as leading textile companies from India has started eyeing this medium as an opportunity to generate revenues. Some of the leading textile companies are roping in neighbourhood tailors to boost identity of their fabric brand.

Textile majors such as Grasim, Raymond and Siyaram have taken the initiative of training and upgrading the skills of local tailors in cities across India.