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Related Keywords: Brandix India Apparel City, enviromental clearance, Hindupur Vyapar Apparel Park, Indian textile industry, Integrated textile park, State textile ministers conference

The state textiles ministers’ conference was held on Tuesday to discussion on the status of integrated textile parks, launched with major concern for textile industry a couple of years ago. A statement was released at the meeting that about a dozen of textile parks in Andhra Pradesh, Tamil Nadu, Maharashtra, West Bengal and Rajasthan are stuck with state governments.

These textile parks are being set up under public-private partnership during the 12th five-year plan as part of the government’s vision to push textiles exports to $300 billion by 2025 from the current $39 billion.

Related Keywords: 13 textile parks, Indian textile industry, investment Rs100 crore, Minister of state for textiles, new textile policy, Santosh Kumar Gangwar, treble market share

The Minister of State (Independent Charge) for Textiles Santosh Kumar Gangwar approved setting up of 13 textile parks for which investment proposals of miniumum Rs100 crore will be considered, this move is expected to generate jobs for at least 2,500 to 3,000 people.

Subsidy amount of 40 crore each will be provided by the Ministry, said Gangwar. After agriculture, it is the textile industry which generates maximum employment

Gangwar has called for a meeting of the state Textile Ministers on 24 September, to seek their inputs on the new Textile policy and other related matters.

Related Keywords: Indian labour law, Indian textile industry, International labour organisation, skilled manpower, textile growth target, textile ministry of India

To achieve textile growth targets skilled manpower of 35 million will be required by 2024-25. Also, initially training needs to be increased to generate the supply of about 1 million trained workers annually and to ensure that in the next three years, the entire new workforce entering the sector is formally trained and certified.

Related Keywords: AEPC, Canada and China, Europe, European Union, Focus Product Scheme, Indian textile industry, major importing countries, tariff barriers, Texprocil

The Indian textile industry is facing tariff barriers imposed by major importing countries such as from the European Union, Canada and China. While the competing countries such as Pakistan, Bangladesh, Cambodia and Vietnam have negligible duty. Hence to overcome these tariff barriers the Government has been urged to increase the export incentives under the Focus Product Scheme to seven percent from two percent.

Related Keywords: China, Combed cotton yarn, cotton yarn demand drop, Indian cotton yarn producer, Indian textile industry, largest importer, Southern India Mills Association, TUFS

Indian cotton yarn producers facing a tough time as the demand for cotton yarn from China, the largest importer of Indian yarn has slowed down since April due to which exports have dropped and subsidies under technology upgradation fund scheme (TUFS) have been overdue for the past few months.

Mills have also not received interest subsidies under TUFS since December. For investments to the tune of Rs 65,000 crore made by over 1,000 units since 2010, interest subsidy of around Rs 3,000 crore is pending. This has put further pressure on the working capital of the mills

Related Keywords: Indian textile industry, Market Linked Focus Product Scheme, new market, non-traditional market, shows and exhibitions, textile export, textiles export promotion councils, Union Textile Minister

One of the leading focuses of the Modi Government, the textile industry, is all set to foster as an apposite move has been made by the Union Textiles Minister to burgeon the sector’s exports.

He announced that the Government is providing grants under Market Access Initiative and Market Development Assistance Scheme. The grants include assistance to textiles exporters for export promotion activities abroad, assistance to textiles export promotion councils (EPCs) to undertake export promotion activities for their products and commodities.

Related Keywords: Hastkala Academy, Indian textile industry, pashmina production programme, textile clusters, Union budget 2014-15

Finance Minister Arun Jaitley while presenting the Union Budget 2014-15 on Thursday said that the government would be setting up six more textile clusters to develop and preserve textiles in India.

The six textile clusters would be coming up in Rae Bareli, Lucknow, Surat, Kutch, Bhagalpur and in Tamil Nadu. For this purpose, the government has allocated Rs200 crore, Jaitley said while presenting the budget for 2014-15.

Related Keywords: carded cotton yarn, Indian textile industry, SV Pittie Textile, Sylvania, textile manufacturer, yarn manufacturing facility

SV Pittie Textiles, a leading India-based textile manufacturer having substantial presence in the Indian textile industry, with manufacturing capacity operates in 13 locations, broke ground on Monday for a planned $70 million yarn manufacturing facility near Sylvania. The construction is expected to begin this year.
 
This project will be the biggest single investment in the U.S. cotton yarn sector in decades. The plant, which will be located in Screven County Industrial Park, will provide employment to 250 people when it’s fully operational.

Related Keywords: 10 point agenda, Assocham, Bangladesh textile sector, Chinese textile industry, global market, Indian textile industry

Indian textile industry has is a huge opportunity to increase its global market share with Chinese textile industry reducing its spinning activities thereby becoming uncompetitive and on the other hand Bangladeshi textile sector facing wage disputes, security and compliance related issues, said Thyagu Valliappa, chairman, Textile Council of The Associated Chambers of Commerce and Industry of India (ASSOCHAM) who led the chamber's delegation along with R.K. Wij, advisor, Indo Rama Synthetics Limited.
 

Related Keywords: cotton consumption, cotton industry, cotton production, cotton yarn, domestic market, Indian textile industry, SIMA

The textile industry is on growth track, as the year 2013-14 as turned up to be encouraging with no shortage of cotton yarn at any point of time during 2013-14 was seen in the domestic market, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).