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Related Keywords: global home textile market, global technical textile market, India can outperform China in the coming years, Indian Texpreneurs Federation, special package to Made-ups sector, textile industry body, textile manufacturing sector, upward trend

Indian Texpreneurs Federation (ITF), a textile industry body in the region has estimated the size of global home textile market to be of 96 Billion USD. It has chance to likely follow an upward trend as the global technical textile market is expected to reach US$ 193 billion in revenues in 2020.

In fact, India can outperform China in the coming years with a support measure extended by the Centre . It is a special package to Made-ups sector.

Related Keywords: ban on high denomination currency notes, consumption taking hit, Indian Texpreneurs Federation, low spending, more credit in yarn sales, poor off take of yarn and fabrics, practical help, short term working capital, textile sector

In the wake of the ban on high denomination currency notes, the textile sector was looking for some practical help from the Centre, as due to low spending, consumption was taking a hit and the retailers naturally were reducing the purchases, which was affecting the manufacturing in terms of poor off take of yarn and fabrics form the buyers, Indian Texpreneurs Federation (ITF) Secretary, Prabhu Dhamodharan said.

Related Keywords: each segment of textile value chain, hit entire textile chain, identify areas with scope for increase in exports, Indian Texpreneurs Federation, moves towards achieving exports target, Russia has huge prospects for Indian textile industry, segment-wise targets will help the industry, shot up in cotton prices, want Centre to fix export targets

The Indian Texpreneurs Federation want the Centre to fix export targets for each segment of the textile value chain so that the industry moves towards achieving the 300 billion dollars of exports target by 2024-2025.

In a memorandum to the new Union Textile Minister Smriti Irani, the association said that segment-wise targets will help the industry and the Government identify areas with scope for increase in exports. For instance, Bangladesh was reducing import of yarn and purchasing more fabric.

Related Keywords: Cotton Advisory Board, cotton main raw material, domestic production might be less, hit acquisition prices for textile mills, import may be more than estimates, Indian Texpreneurs Federation, international cotton prices lower than Indian prices, mill gate price, South India Spinners Association, steep hike in cotton prices, Textile Industry

The textile industry may import more than the estimates as domestic production might be less than the expected 352 lakh bales and also international cotton prices are lower than the Indian prices. In the last few weeks, there has been steep hike in cotton prices, by about Rs.6,000 a candy which is a matter of concern to the textile industry for which cotton is the main raw material.

Related Keywords: abnormal volatility, Centres intervention, check soaring prices of cotton, Cotton Spinning Mills, farmers nor consumers benefited due to rise, Indian Texpreneurs Federation, ITF, medium staple cotton, preventive measures, textile sector body, unbearable loss to the industry

Indian Texpreneurs Federation (ITF) a textile sector body urged for Centre's intervention to check the soaring prices of cotton in the last two months which has resulted in unbearable loss to the industry.

In a letter to Union Textiles Minister Santosh Kumar Gangwar, Indian Texpreneurs Federation (ITF) Secretary Prabhu Dhamodharan said that the per candy rate, which was Rs 35,000 two months ago, had skyrocketed to Rs 41,000 for medium staple cotton but neither the farmers nor consumers benefited due to the rise.

Related Keywords: attractive option for investors, has invited three solar power developers, hunt for investors to fund small solar farms, Indian Texpreneurs Federation, on factory rooftops, safer development models in renewable energy, take care of power needs, Tamil Nadu spinning mills, textile belt of Coimbatore and Tirupur

Spinning mills in the textile belt of Coimbatore and Tirupur have begun hunting for investors to fund small solar farms on the rooftops of their factories as power can be consumed directly, with minimal wheeling or transmission charges for the energy as opposed to drawing power from distant solar farms or state -provided grid power. It is safer development models in renewable energy.

Investor interest in funding small, rooftop units in the south have picked up due to attractive returns from a round-the-year textile industry.

Related Keywords: approach governemnt, avail of duty preference, beisdes hitting garment exports, duty turns disadvantageous for apparel exports, Indian Texpreneurs Federation, serious implication on textile sector, share is likely to fall substantially, take close look at impact on textile sector, Trans-Pacific Trade Partnership, YFR

Trans-Pacific Trade Partnership likely to have serious implications on the textile sector, besides hitting garment exports to the US, the Indian Texpreneurs Federation has approached the government to take a closer look at the possible impact on the textile sector.

Related Keywords: alternative export market, focused trad policy supply, improve export market access from China under RCEP, Indian Texpreneurs Federation, moving up value chain, natural trhreat for Indian textile industry, RCEP, reduction of Chinese import, relocating to Vietnam, textile industry can touch export target, Transpacific Trade Partnership

The Transpacific Trade Partnership (TTP) is a natural threat for the Indian textile industry as exporters from TPP member countries (of which India is not a member) tend to get preferential access to the US market, but textile industry of India can still touch the export target of $300 billion by 2025 with focused trade policy supply and by moving up the value chain, according to the secretary of Indian Texpreneurs Federation (ITF) D Prabhu.

Related Keywords: basic customs duty, brings diverse reaction from textile sector, certian fabrics for export of garment, CITI, duty free import, excise duty, Indian Texpreneurs Federation, manufacture of garments for exports, SIMA, TEA, Technology Upgradation Fund Scheme, Texprocil, Union budget for textile industry

The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought cheer to textile manufacturers in the State as funds have been allocated for Technology Upgradation Fund Scheme and basic customs duty has been exempted for import of specified fabrics (for manufacture of garments for exports) of value equivalent to one percent of FOB value of exports in the preceding financial year, which will give a boost to garment manufacturers in the State.

Related Keywords: available to other textile products, Coimbatore textile industry, conclude FTA, cotton policy announced by China, cotton yarn, fall in cotton yarn exports, Indian Texpreneurs Federation, introduce special debt restructuring scheme, SIMA, sought duty rationalization for manmade fibre, sought three percent export incentive, tap new markets

Coimbatore textile industry has sought three percent export incentive, which is now available to other textile products, for cotton yarn too. If three percent export incentive is available for cotton yarn, textile mills will be able to tap new markets.