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Related Keywords: defined as cloth woven on handlooms and hand-spun from cotton, divided into two broad segments, Indian textile industry, ISEC, Khadi, khadi artisans, khadi institution, khadi market, KVIC, modernized mill, MSME, namely the traditional hand-woven and hand-spun textile segment, woolen or silk yarns

The Indian textile industry, which caters to clothing need which has an estimated market size of $108 billion is divided into two broad segments within the industry, namely the traditional hand-woven and hand-spun textile segment, and the modernized mill. Khadi is defined as any cloth woven on handlooms and hand-spun from cotton, woolen or silk yarns in India or the combination of two or all of these yarns, as per the Khadi and Village Industries Commission Act 1956.

Related Keywords: Chinese textile exhibitors, denim fabric makers, denim innovations, Fabric & Accessories Trade Show (YFA) 2016, fabric suppliers, fabrics and apparel accessories, fashion shows in India, fibres suppliers, garment accessories makers, Indian textile industry, MSME units in India, National Small Industries Corporation (NSIC), Textile Association of India, textile conferences, textile subsidies, yarn, yarn suppliers

Exhibitors at the second edition of the Yarn, Fabric & Accessories Trade Show (YFA) 2016, which will run from November 23 (Wednesday) to 26 (Saturday), 2016, will now be eligible to subsidies offered by the National Small Industries Corporation (NSIC), a government of India undertaking.

YFA 2016 is now supported by NSIC, and now MSME units who participate in the YFA 2016 exhibition, can claim subsidy under the Marketing Assistance Scheme (MAS) of NSIC of 60-95% under various categories of MAS.

Related Keywords: Chinese textile buyers, Chinese textile exhibitors, Chinese textile sourcing, domestic textile buyers, Fabric & Accessories, Indian textile industry, international textile market, textile buying houses, textile exhibitions in India, Textile exporters, textile sourcing, Yarn trade show, yarns and fabric buyers, yarns and fabric suppliers

A clutch of several Chinese exhibitors will set up stalls showcasing yarns, fabrics and garment accessories at a special Chinese Pavilion at the upcoming second edition of the Yarn, Fabric & Accessories Trade Show (YFA) Show which will run from November 23 (Wednesday) to 26 (Saturday), 2016.

To add an icing to the cake, Prime Minister Shri Narendra Modi in a letter to the organizers expressed his happiness on the organization of the YFA 2016 show and sent his best wishes to the organizers and participants.

Related Keywords: challenges in textile industry, Govt of India Textile Mentor Committee, Indian textile industry, new president of NITMA, President of Northern India Textile Mills’ Association (NITMA), spinning industry, textile associations in India, textile industry in North India, textile leader, textile units in Northern India, TT Limited, value chain in textiles

Mr. Sanjay K Jain, MD of TT Limited, has been elected as President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. NITMA elected its new leadership team in its AGM held on 15 July’ 2016 at New Delhi. Mr. Rajiv Garg, MD of Garg Acrylics was elected as Senior Vice President and Mr. Manish Bagrodia was elected as Vice President. Mr. Hardyal Singh Cheema the outgoing President handed over the baton to the new team.

Related Keywords: EU major destination for RMG export from India, expediting work on free trade agreement, in turn impacted currency, Indian textile industry, knitwear exports, rupee devaluation against pound and euro, stand to benefit from Brexit, Tirupur Exporters Association, Tirupur exporters worried about exports of knitwear, UK exit from European Union

UK’s decision to exit from the European Union which in turn impacted the currency, worries exporters from the tiny town of Tirupur as many of the exporters exports around Rs26,000 crore of knitwear. According to A Saktivel, president, Tirupur Exporters Association, it will be temporary but in the long run this will help them since UK will support more which it could not when it was part of the EU.

EU is a major destination for readymade garments (RMG) export from India. In 2015-16, total RMG exports from India was Rs 1,11,236 crore, of which EU's share was 36.97%.

Related Keywords: done well compared to other sectors on export front, Indian textile industry, lower than the target set, poor market conditions, recessionary trends in Europe and the US markets Government for textile and clothing, subdued trend in exports, TECHNOTEX, textile exports remained flat at USD 40 million, Union Minister Santosh Gangwar

The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here.

The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2014-15, textile exports stood at $41.4 billion.

Related Keywords: Garment Manufacturing, India garment production technology, Indian textile industry, Indian textile processing, Messe Frankfurt India, Technical Textiles, texprocess India, textile processing technologies, textile research and development, textile trade and fairs, trade fair for processing textile

Texprocess, the leading international trade fair for processing textile and flexible materials, launches a Texprocess Pavilion at Techtextil India in Mumbai, from 13 to 15 September 2017. For the first time, international exhibitors of garment-manufacturing and textile processing technologies will have the opportunity to present their innovations under the Texprocess brand in India. The pavilion is organized by Messe Frankfurt India, a subsidiary of Messe Frankfurt.

Related Keywords: excise duty on manmade fibre, excise duty on textile, excise duty on yarn, import duty on fabric, import duty on filament, import duty on polyester, Indian textile industry, new textile policy, textile industry budget

While there was no fresh proposition in the Union Budget 2016 for the textile industry, which was presented to the Parliament on 29 February, the income growth expected to steam up the India economy will have favourable impact on overall demand, and for textiles in particular.

Related Keywords: better market access to major markets, budget for next financial year, change in labour laws, CITI, Indian textile industry, lowering excise duty on MMF and filament, pitches for incentives, realize untapped potential, reduce the tax burden on MMF, second largest employer, via trade pacts

The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives such as lowering excise duty on man-made fibre and filament by half and changes in labour laws in the budget for next financial year.

The textiles industry has demanded better market access to major markets like the US and EU via trade pacts to help realize its untapped potential.

Related Keywords: apparel and garments industry of India, apparel brands in US, foreign brands entering Indian market, Foreign direct investment, foreign investments in retail sector, global fashion brands, growth of Indian retail sector, India's retail market, Indian apparel industry, Indian garment industry, Indian textile industry, men's clothing and accessories, Urban Factory, women's apparel brand

Urban Factory, a United States-based apparel brand, has entered India independently and aims to open stores in Bengaluru and Hyderabad by the mid of this year.

Madhuri Lakkapragada, founder of Urban Factory, said that all styles that come in India are delayed by a season and unfortunately, fashion comes to India in the end.

She added that they want to address this gap by bringing current customised styles in India.

Last year, India had liberalised norms for foreign direct investment in single-brand retail, allowing brands such as Urban Factory to set up stores in the country.