India likely to emerge as the world's No 1 cotton grower this year which will be for the first time in over 30 years, pushing China from the top spot, due to China’s unusual shift in global supplies amid ambiguity over Beijing’s farm policy, said US government said on Thursday.
A national award winner, Shakil Ahmed Kasambhai Khatri, the fifth generation batik craftsperson has still kept the traditional craft alive in the desert region of Kutch. Apart of several rare craft, batik was also brought to the fore at the recently organized textile festival Niram Thiram hosted by the Kalakshetra Foundation.
In January this year, Dubai ruler Sheikh Mohammed urged the international community to lift all economic sanctions against Iran. The lifting of international trade sanctions on Iran will lead to a regional trading boom in the textile industry, according to an official with traders’ association Texmas.
Telangana spinning and textile industry consumes only about one million bales of a total production of five million bales in the State, hence the industry needs encouragement from the Government. For which the Telangana Textile Mills Assoication has urged the State Government to a host of incentives including investment and interest subsidies in the proposed new industrial policy.
Indian textile has a global exports share of just 3.5 percent that leaves huge scope for increasing it and the potential to export an additional USD 4-5 billion as China, which enjoys 35 per cent share, is slowly reducing its exports.
If the government eases tariff burden and raise overall concession under the Focus Product Scheme to 7 percent, the textile industry can easily add another USD 4-5 billion. The country's textile exports stood at USD 40 billion last year, stated Texprocil Chairman Manikam Ramaswami.
Turkish investors although has arrived later for development assistance to Ethiopia then China, but have managed to pour some $1.2 billion worth of investment into Ethiopia surpassing investment done by China.
China, the Asian giant’s investment in the African state lack volume, despite China’s outstanding record of development assistance to Ethiopia, it has invested only $836 million over the past ten years, Debela Habte, a senior public relations expert said.
Trevira, a European manufacturer of high-value branded polyester fibres and filament yarns is the only supplier in the world that offers the complete range of textile polyester products from the one source. Together with partners from the sector has launched a far-reaching initiative to promote the home textile market in German speaking areas this summer.
With the foundation of the Initiative Textile Räume, companies in the fabric and home textiles sector aim to set a clear marker.
The line will be based on the current proprietary wet-laid technology, as used on the existing machines, to ensure the continued guarantee of the highest quality nonwovens. The new machine will be engineered to extend production capability beyond the current constraints; a key modification will be an increase in production width to over two metres.
This significant financial investment comes in response to increasing demand for their innovative nonwovens across all markets.
The textile machine manufacturing players who earlier witnessed order booking in double digit on a daily basis, in last few quarters have seen it go down to weekly and fortnightly. Along with revenues, the profit margins too have thinned down to single digits. This has led to trimming down the staff.
The draft vision paper, given to the ministry in July, aims at bringing investment of $120 billion, so the sector can achieve $650-billion growth by 2024-25 for which it will require 35 million workers to achieve the growth target.
