Indian Texpreneurs Federation (ITF) has appealed to all brands and retail chains operating in India to source their requirements from within the country instead of importing.
ITF’s appeal comes in the wake of a huge jump in import of readymade garments from Bangladesh.
The textile industry in and around Coimbatore, Tirupur, Karur and part of Bengaluru was facing shortage of labour, particularly skilled workers, which at any given time requires three lakh to five lakh workers, a board member of Indian Texpreneurs Federation (ITF) Srihari Balakrishnan said.
He was speaking at a function organized to distribute certificates and appointment orders in ITF member mills trained under Skill Development Programme.
Indian Texpreneurs Federation (ITF), an advisory to the members to reduce loss and to bring balance in cotton and yarn prices advised spinning member mills to reduce yarn production by 35 percent for next two months also try to avoid buying cotton at the prices to minimise the impact of financial loss, due to the slowdown in exports and also n domestic market.
Indian Texpreneurs' Federation (ITF), which have worked out a partnership model for buying cotton directly from cotton ginners, mainly in Telangana and Maharashtra for its member mills. During the 2016-17 season (October-September) they aim to procure 2 lakh bales (a bale is 170 kgs) and 4 lakh bales for the 2017-18 season.
As cotton production is projected to cross the 1 crore bales mark, a more than 10% increase, in Maharashtra for the 2017-18 season while output is forecast to jump 20% to around 90 lakh bales in Telangana.
The textile industry of Southern India in the last two months due to rise in cotton prices is having an impact on the competitiveness of the entire textile value chain. They have appealed to the Textile Minister Smriti Irani to introduce a system that will bring stability to cotton prices to which the Textile Minister has asked for a proposal, which the textile industry will send it shortly.
Indian Texpreneurs Federation (ITF) a textile sector body urged for Centre's intervention to check the soaring prices of cotton in the last two months which has resulted in unbearable loss to the industry.
In a letter to Union Textiles Minister Santosh Kumar Gangwar, Indian Texpreneurs Federation (ITF) Secretary Prabhu Dhamodharan said that the per candy rate, which was Rs 35,000 two months ago, had skyrocketed to Rs 41,000 for medium staple cotton but neither the farmers nor consumers benefited due to the rise.
Union Textile Minister Santosh Kumar Gangwar addressing the 'Make in India-Textile Industry- Strategy for Growth' function, organized by Indian Texpreneurs Federation ((ITF) yesterday said that Prime Minister Narendra Modi will be dedicating eight garment units in the north eastern state in a month. Each of which will be set up at a cost of Rs18.18 crore, work for the units is going in full swing and will become operational in another one months time.
The second edition of the two-day International Textile Fair-Dubai (ITF) kicked off on Sunday, October 11th at the Dubai World Trade Centre. This season, the International Textile Fair, UAE’s exclusive trade show for fashion and textile, is creating an inviting atmosphere that will inspire both exhibitors and visitors attending the fair.
After the huge success of its maiden edition, the International Textile Fair (ITF) is all set to return to Dubai for its second season on 11th and 12th October, 2015 at the Dubai World Trade Centre in Dubai, United Arab Emirates. This season, the International Textile Fair, which is UAE’s exclusive trade show for fashion and textile, is creating an inviting atmosphere that will inspire both exhibitors and visitors attending the fair.
The second season of the International Textile Fair (ITF) started on 26 April morning with an inauguration ceremony by H. E. ButtiSaeed Al Ghandi, Second Vice-Chairman of the Dubai World Trade Centre (DWTC). His Excellency made special note of the variety of exhibitors at the fair and expressed appreciation for the organizers and the scale of the event. ITF opened to an overwhelming number of visitors with profiles ranging from apparel brands, local and international buyers, and textile traders to fashion designers, design studios and institutions.
