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Related Keywords: cone yarn and hank yarn attract uniform 5 % tax, Handloom fabric production, handlooms declined by 41 %, Indian Texpreneurs Federation, seeking reduction of hank yarn obligation, Textile mills, yarn productio Goods and Services Tax

The association said that the mills are unable to market the hank yarn as the demand has reduced over the years. But, they might face action for not meeting the hank yarn obligation as hank yarn is covered under Essential Commodities Act. The Ministry should hence reduce the hank yarn obligation to 10 % from the current 40 %. In the letter to the minister from the association and its members, the mills pointed out that between 1987-1988 and 2009-2010, the number of handlooms declined by 41 % (from 36.10 lakh looms to 21.47 lakh).

Related Keywords: fibre, garment, Indian Cotton Federation, Indian cotton textiles, Indian Texpreneurs Federation, Textiles

There is no specific quality standard on cotton quality in India, but quality per se of the cotton produced here is good as told by J Thulasidharan, President, Indian Cotton Federation.S Dhananjayan, senior auditor and advisor to Tirupur Exporters’ Association,said the knitwear cluster had to conform with various compliances such as ZLD and social compliance, which, in turn, resulted in a 10-15 per cent rise in production cost, making the operations unviable.he also said that, “This condition (of ZLD) is imposed only in western Tamil Nadu.

Related Keywords: dyeing, encourage product diversification, fibre, finishing chemical manufacturers, Indian Texpreneurs Federation, knitwear hub Tirupur, NIFT-TEA Knitwear Fashion Institute, organizing a three day Textile Research Conclave, productivity, support of Union Ministry of Textiles, sustainability in textile clusters, TEA, Tirupur Exporters Association

Tirupur Exporters Association (TEA), NIFT-TEA Knitwear Fashion Institute, and the Indian Texpreneurs Federation is organizing a three day Textile Research Conclave on February 10 under the support of Union Ministry of Textiles in the knitwear hub of India, Tirupur.

The objective of the event is to encourage product diversification, productivity, and sustainability in textile clusters, said TEA president Raja Shanmugam.

Related Keywords: 500 per candy, apex body of textile industry, cotton prices would come down, eighty percent crop, Indian Texpreneurs Federation, not much drop in cotton crop this year, short-term speculative increase, speculative price increase this week, tune of Rs. 1, yet to reach market

Indian Texpreneurs Federation, an apex body of the textile industry, strongly believes that the speculative price increase this week in cotton to the tune of Rs. 1,500 per candy would not sustain and was only a short-term speculative increase and that cotton prices would come down.

ITF convenor Prabhu Dhamodharan said that though there are issues in the ‘quality of crop’ in the current cotton year in a few states, overall there would not be much drop in cotton crop this year.

Related Keywords: any given time requires three lakh to five lakh workers, facing shortage of labour, in and around Coimbatore, Indian Texpreneurs Federation, ITF, Karur, National Skill Development Corporation, part of Bengaluru, particularly skilled workers, Skill development programme, Textile Industry, Tirupur

The textile industry in and around Coimbatore, Tirupur, Karur and part of Bengaluru was facing shortage of labour, particularly skilled workers, which at any given time requires three lakh to five lakh workers, a board member of Indian Texpreneurs Federation (ITF) Srihari Balakrishnan said.

He was speaking at a function organized to distribute certificates and appointment orders in ITF member mills trained under Skill Development Programme.

Related Keywords: Coimbatore based air compressor manufacturing major, demonstrate real savings on energy, designed comprehensive programme on air audit, Elgi Equipments Ltd, energy conservation, focus for textile mills, Indian Texpreneurs Federation, joined hands, rising energy cost

The Coimbatore-based air compressor manufacturing major Elgi Equipments Ltd has joined hands with Indian Texpreneurs Federation (ITF) and designed a comprehensive programme on air audit, to demonstrate the real savings on energy. As energy conservation has become a focus for textile mills with the rising energy cost.

Anvar Jay Varadaraj, Head (Marketing and Corporate Communications), Elgi Equipments said that the most expensive component in the total cost of compressed air is energy.

Related Keywords: advised spinning member mills, an advisory to the members, avoid buying cotton at the prices, bring balance in cotton and yarn prices, domestic market, due to slowdown in exports, Indian Texpreneurs Federation, ITF, minimise the impact of financial loss, next two months, reduce loss, reduce yarn production by thirty five percent

Indian Texpreneurs Federation (ITF), an advisory to the members to reduce loss and to bring balance in cotton and yarn prices advised spinning member mills to reduce yarn production by 35 percent for next two months also try to avoid buying cotton at the prices to minimise the impact of financial loss, due to the slowdown in exports and also n domestic market.

Related Keywords: apex body of textile mills in the region, consortium required eleven lakh bales per year, formed a consortium, ginners of Maharashtra and Telangana, Indian Texpreneurs Federation, low level contamination, major factor in spinning mills, purchase quality cotton, raw material cost, total members of thirty five spinning mills, trial basis, zero trash

Indian Texpreneurs Federation, an apex body of textile mills in the region alongwith its total members of 35 spinning mills have formed a consortium on a trial basis to purchase quality cotton from ginners of Maharashtra and Telangana with zero trash and low level contamination.

ITF Convenor Prabhu Dhamodharan said that even one percent savings by way of good quality, better pricing, timely purchase will help spinning sector reduce its cost of manufacturing. The consortium, which required 11 lakh bales per year, has purchased two lakh bales this year.

Related Keywords: and Telangana having textile policies, come out with a three year textile policy, Indian Texpreneurs Federation, Madhya Pradesh, Maharashtra, offering capital subsidies, price advantage, States having cotton, support textile industry. States such as Gujarat, textile investments are coming up in these States, urged Tamil Nadu State government

Indian Texpreneurs Federation urged Tamil Nadu State government to come out with a three year textile policy at the earliest to support the textile industry. States such as Gujarat, Maharashtra, Madhya Pradesh, and Telangana having textile policies, textile investments are coming up in these States.

The association members plan to meet the Chief Minister, ministers concerned, and the elected representatives and highlight the plight of the textile industry in the State and the need for a textile policy.

Related Keywords: fifteen job roles, first Indian Institute of Skills, IIS at Kanpur. skills development initiatives, Indian Texpreneurs Federation, National Skill Development Corporation, PM Modi inaugurated, Pradhan Mantri Kaushal Kendras, signed an agreement, Skill Capital of the World, Textile mills, To make India, train fifty thousand workers

To make India the Skill Capital of the World, PM Modi inaugurated the country’s first Indian Institute of Skills (IIS) at Kanpur. PM Modi also launched few other skills development initiatives such as ‘Pradhan Mantri Kaushal Kendras (PMKKs)’. At the event the Indian Texpreneurs Federation signed an agreement with the National Skill Development Corporation (NSDC) to train 50,000 workers between January and December next year in 15 job roles in textile mills.