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Related Keywords: appealed to Union Minister, India EAEU Free trade agreement, Indian Texpreneurs Federation, market diversification, Nirmala Seetharaman, overcome challenges raised by TPP, Russia imports, Russia main country in EAEU, scope for export of Indian textile products, take active part in JSG process, top priority to textile sector, untapped markets

The Indian Texpreneurs Federation (ITF) has appealed to Union Minister Nirmala Seetharaman to give top priority to textile sector in the on-going study of India-EAEU Free Trade Agreement (FTA) and also thanks her for swift finalization of first draft of the Joint Study Group (JSG) report on the feasibility of FTA.

In a letter to the Minister, ITF Secretary, Prabhu Dhamodaran said that there were tremendous opportunities awaiting the Indian textile products in this region.

Prabhu said that ITF was willing to submit data and also take active part in this JSG process.

Related Keywords: arrivals continue to be high, depending on requirement, import cotton, Indian Texpreneurs Federation, individual import contracts, monitor the domestic and international prices regularly, price of cotton, prices gone up, Textile mills, this new cotton season, viable price level, west African countries

The price of cotton generally shoots up when the industry needs cotton and when the arrivals have come down in the market. But this year, just two months since new cotton season began and the prices of cotton have already gone up though arrivals continue to be high in the market.

This situation has driven as many as 43 textile mills in the State have come together and plan to import cotton from West African countries, depending on the requirement.

Related Keywords: bring down electricity consumed in mills, Coimbatore textile mills and industries, Indian Texpreneurs Federation, saving energy in operations, SIMA, Southern India Engineering Manufacturers Association, study on energy, take steps towards energy conservation, technology available for every activity

Coimbatore textile mills having faced the hit in operations due to long hours of power cut have taken steps towards energy conservation as technology is available for every activity to bring down the electricity consumed in the mills, said M. Senthil Kumar, chairman of Southern India Mills’ Association.

Be it the spinning mills or the humidification plants, machinery come with energy saving upgrades. At present, only two percent to three percent of the mills have gone in for LEDs. There is still much that can be done by the mills for saving energy in operations.

Related Keywords: achieve targeted growth in export market, Chinese yarn buyers and traders, constant market intelligence, crushing Indian yarn manufacturers, facilitate opening of common selling centres in China, Indian Texpreneurs Federation, memorandum to Union Ministry of Textile, prevent buyer exploiting, rationalisation of duties on man-made fibre

The Union Ministry of Textiles urged to facilitate opening of common selling offices or facilitation centres in China to encourage close interaction among Indian industrialists and prevent buyers exploiting them, said Indian Texpreneurs Federation (ITF) secretary D Prabhu Dhamodharan in a memorandum to the Ministry Secretary S K Panda.

Common selling centres were necessary as Chinese yarn buyers and traders, as a cartel, have been crushing Indian yarn manufacturers in recent times. To counter them and this would strengthen the Indian buyers' position with constant market intelligence.

Related Keywords: expediting FTAs, few policy change and proactive Textile Ministry, imposing sourcing restrictions, Indian Texpreneurs Federation, make TN textile sector vibrant, on duty-free import of apparels from Bangladesh and LDCs, rationalise duty structure on MMF, submitted memorandum to Prime Minister

The Indian Texpreneurs’ Federation (ITF) has sought a few policy change and proactive Textile Ministry to make the TN textile sector vibrant and help achieve its vision. In a memorandum submitted to Prime Minister Narendra Modi, ITF Secretary D Prabhu has categorically stated that the Federation is not seeking sops or subsidies, but better support from the Centre to do business with ease.

Related Keywords: decline in export orders, Delhi and Tirupur, drop in yarn prices, exploring new markets and products, Indian Texpreneurs Federation, Ludhiana, polyester or polyester cotton yarn makers, sample orders from buyers, stop production, study the customer demand, Tamil Nadu textile mills

Tamil Nadu textile mills that make polyester or polyester cotton yarn having forced to stop production for two days a week for four weeks as prices for the yarn had dropped and the mills were find the price unviable and with export orders too declining have started exploring new markets and products, said Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation.

Further, some mills have taken sample orders from buyers in Ludhiana, Delhi and Tirupur. They plan to study the customer demand, explore new markets and products, he said.

Related Keywords: coordination with ITF, evaluate machine health, group of textile units, implement energy management system, Indian Texpreneurs Federation, instal hardware and software, monitor energy consumption, operating practices

A group of 71 textile units in coordination with Indian Texpreneurs Federation (ITF) to implement a comprehensive energy management system (EMS) with an aim to continuously evaluate the machine health and operating practices through the hardware and software installed as part of the EMS to monitor energy consumption round-the-clock.