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Related Keywords: Confederation of Indian Textile Industry, exhibition of textile machinery, Indian textile industry, MMF, Ninth edition of Texfair, second edition of Farm to Finish, SIMA, spares and accessories, textile product exhibition, TUFS

The ninth edition of Texfair, an exhibition of textile machinery spares and accessories, and the second edition of Farm to Finish, an exhibition of textile products started off at the Codissia Trade Fair Complex organized by Southern India Mills’ Association (SIMA). The event is on for four days from January 9.

At the inaugural of Texfair 2015, Prem Malik, chairman of Confederation of Indian Textile Industry, said that one of the main areas that the Indian textile industry needs to focus on is diversifying to man-made fibre-based textile products.

Related Keywords: Indian textile industry, proposal for textile park, Santosh Kumar Gangwar, state government, Textile cluster, Textile parks, Union Ministry of Textile

The textile industry in India has good prospects for the economy and employment opportunities. It is an important which has been ignored in the last 10 year. With the Union Ministry of Textiles planning to set up a minimum of 15 textile parks across the country, Santhosh Kumar Gangwar, Minister of State (Independent charge), has asked State governments to send their proposals for setting up textile parks.

Related Keywords: bottlenecks, cotton, differential taxation, duty free import, European Union, fibre policy, Garments, India-Mercosr preferential trade agreement, Indian textile industry, man made fibre, Russia, trade agrement

The Indian textile industry representative in their presentation to the Union Government have urged to move forward with the trade agreements proposed with Russia and European Union and also address some of the bottlenecks that the textile and clothing industry is presently facing.

Related Keywords: apparel export, duty free entitlement, global trade, handloom sector, Indian textile industry, integrated textile parks, largest contributing sector, lion share, organized and unorganized sector, RMG, Textile Minister, total export basket

The Indian textile industry plays an important role of the largest contributing sectors in the country’s exports by contributing nearly 13.25% to the country’s total exports basket with exports to the tune of $41.57 billion (about Rs. 2,65,100 crore) in FY2013-14.

Of which the Ready Made Garments (RMG) contributes to a lion’s share of global trade with a chunk of 55% in the total exports. India is ranked sixth with exports to the tune of $16 billion, which is around 40% of the country’s textiles exports.

Related Keywords: choking mill sector, D Prabhu, Indian textile industry, Jayant Sinha, Minister of State for Finance, prospective investors, Secretary Texpreneurs Forum, subsidy disbursement, TUF scheme

The Textile ndustry seeks immediate government intervention as the inordinate delay in disbursement of TUF subsidy is impacting the working capital requirements of the respective units. Technology Upgradation Fund scheme has helped the textile industry to transform into a technologically advance industry but on the other end the delay in TUF subsidy disbursement is choking the mill sector.

Related Keywords: apparel players, Arvind, demand cycle, Erratic costs, fabrics, high inflation, high interest rate, Indian textile industry, Indo Rama Synthetics, KKCL, low capactiy utilization, polyester yarn, raw material price, Raymonds, Textile, Vardhman Textiles, weakened rupee

India is the second largest producer of textiles and garments in the world. The Indian textiles and apparel industry is expected to grow to a size of US$ 223 billion by 2021. But during the Q2 of financial year due to several factors including stiff competition in certain products, low capacity utilization, high inflation, high interest rates and weakened rupee has impacted in some way or the other on be it textiles, polyester yarn, fabrics or apparel players.

Related Keywords: cotton, cut in excise duty, cut in import duty structure, differential taxation, global demand for fibre, Indian textile industry, lop sided fibre, MMF, rising energy cost, synthetic fibre, Texpreneurs Forum

The Indian textile industry is facing hurdle on account of differential taxation, rising energy cost, lop-sided fibre and trade policy. And this is at a time when the global demand for fibre – both cotton and MMF (man-made fibre) is on the rise.

Stakeholders have sought a cut in the excise and import duty structure for synthetic fibre to deal with the trend. It wants the excise duty to be lowered from the prevailing 13 percent to 4 - 5 per cent and the import duty from 28 percent to 2 - 3 percent.

Related Keywords: adequate policy support, cross USD 500bn mark, domestic market, Indian textile industry, PCI Xylenes & Polyesters, Polyester Textile Investment Promotion Cell, textile export, Wazir Advisors

Indian textile industry with adequate policy support from the government and rights steps has all the potential to cross USD 500-billion mark by 2025 from its present estimate of USD 108 billion.

Related Keywords: Ahmedabad, Indian textile industry, ITMACH India, textile and apparel manufacturing and trade, Textile and Clothing industry, Textile Excellence, textile value chain, Vibrant Gujarat 2015

Textile Excellence, one of the reputed business media for Textile and Clothing industry is organizing ITMACH India. With its motto “To assist the Decision Makers to make Informed Decisions” and experience across the textile value chain, ITMACH India aims at bringing visitors and exhibitors from all sectors of the industry within India and neighboring countries together.

Over 250 exhibitors are expected to interact with decision makers of the textile and clothing industry from India and abroad at ITMACH India.

Related Keywords: AEPC, Bangladeshi mills, Europe, global safety norms, Indian garment export, Indian textile industry, Indian textile ministry, Soaring costs in China

India garment exports due to steady flow of orders from Europe and a weaker rupee witnessed a jump of 23% in August to $1.38billion. With a robust growth in August, exports in the April-August period hit $7.07 billion, up 18% y-o-y, according to the Apparel Exports Promotion Council (AEPC) data.

Having slipped nearly 6% in the last fiscal and witnessing a drop in 10 of the 12 months of 2012-13, garment exports started picking up since March last year as the domestic currency continued a downward journey and demand from the US started picking up due to an economic recovery.