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Related Keywords: interest subsidies, investment, mega project, new industrial policy, one million bales, state government, Telangana spinning and textile industry, Telangana textile industry, telangana textile mills association

Telangana spinning and textile industry consumes only about one million bales of a total production of five million bales in the State, hence the industry needs encouragement from the Government. For which the Telangana Textile Mills Assoication has urged the State Government to a host of incentives including investment and interest subsidies in the proposed new industrial policy.

Related Keywords: circular knitting machine, divident, foray, integrated textile firm, investment, mercerise unit, Sangam India, seamless garment business, seamless knitted garment, slub yarn

Sangam (India) Ltd, a Bhilwada- based integrated textile firm has decided to foray into seamless garment business for which it plans to set up 10,000 spindles for slub yarn and mercerise unit to manufacture 10,000 pieces of seamless garment per day in next financial year. The investment involve in this venture will be to the tune of Rs120 crore.
 
Decision to enter into seamless garment business was taken up as the seamless knitted garments are used worldwide in wellness wear, yoga wear, sportswear, intimate wear, body shapes and other wears.
 

Related Keywords: Boost, cotton industry, deal signed, denim plant, investment, job creation, joint venture, MeTL, Mulungush textile, reopening, working capital

The re-opening of the moribund Zambia-China Mulungushi Textile Joint Venture seven years after it was shut has come as a special gift to the people of Kabwe in this Jubilee year.
 
The factory has been leased to Mohammed Enterprises Tanzania Limited Group (MeTL) for a period of 12 years. The new investor will in the next three months assess the condition of the machinery at the plant, before resuming operations at the textile plant.
 

Related Keywords: expert panel, investment, job creation, New national textile policy, Strategy & Action Plan, textile and garment export, Vision

The new National Textiles Policy draft submitted by an expert panel constituted by the government on Monday aims at achieving textile and garment exports growth of $300 billion by 2024-25 from around $39 billion in the last fiscal and also creating additional 35 million jobs by attracting investments.
 

Related Keywords: duty cut, Indian textile ministry, investment, job creation, Texprocil, Textile Industry, textile machinery, TUFS

Cotton Textiles Export Promotion Council of India (Texprocil), a government constituted body has put forward their proposal to reinstate the benefit as investments made during the 18 month gap are eligible investments before and after extension of the TUFS with the Indian Textile Ministry They have assured that if the government accepts the sector’s demands in the forthcoming Budget and should the Rs 1,000 crore of TUFS money surrendered is given back to the textile industry, the textile industry would invest up to Rs 4,000 crore and set in motion the process of capacity creation 50

Related Keywords: investment, SIMA, T Rajkumar, Tamil Nadu, Textile Industry

The frequent power cuts eating into the businesses of the Tamil Nadu based yarn makers were looking at GCCI as a helping hand to build a yarn cluster in Gujarat and with Karnataka state inviting Coimbatore units to invest. SIMA chief T Rajkumar announced that Tamil Nadu textile industry in Tamil Nadu is not looking to invest elsewhere as the industrial climate in Tamil Nadu ranked on the top in many ways.

Related Keywords: Chinese firms, investment, Pakistan textile and garment

Chinese firms are eyeing Pakistan textile and garment sectors as a competitive destination for foreign investment after Pakistan getting the EU's GSP+ scheme status.

Masood Textile, Pakistan's one of the few vertically integrated textile plants with in-house yarn, fabric, processing, printing and knitted apparel manufacturing facilities with the company earning PKR906m (US$8.6m) profit after tax in the fiscal year 2012-13 (July-June). Their majority stake was acquired by Shandong Ruyi Technology Group of China last month at an estimated cost of US$25m.

Related Keywords: Chinese firms, investment, Pakistan textile industry, Textile

Chinese companies are studying the trading cost in order to fetch as well as relocate their units to Pakistan in order to grab the opportunity oozing out of GSP plus status. Chinese delegation has recently visited Pakistan to assess the investment potential in Pakistan as many Chinese companies are all set to invest in Pakistan's textile industry

Related Keywords: Frontier Spinning Mills, investment, spun yarns, Sun Capital

Sun Capital Partners, a leading private investment firm has announced the sale by an affiliate of its investment in Frontier Spinning Mills to American Securities LLC. Frontier, headquartered in Sanford, North Carolina, is one of the largest producers of spun yarns for the knitting and weaving industries.

Frontier offers a diverse product line, with market-leading positions in open-end and air jet spinning technologies.