News Tags

Related Keywords: ancillary units for textile industry, cash transactions at retail level, demonetization by Center, financial crisis, Garments, GIDC, Gujarat, labour unrest, major hub for textile sector, shut down production, textile machinery units, two lakh registered MSME units, Vatva Industries Association

Gujarat a major hub for textile sector having about two lakh registered MSME units of which several form ancillary units for the textile industry such as for garments or even textile machinery units has been hit hard since the demonetization of Rs500 and Rs1000 notes announcement by the Centre, as most transactions especially at the retail level are done in cash.

Related Keywords: apparel industry, attract investors, creating favourable conditions, FDI, Germany-based Tchibo, labour unrest, Major brands from Ethiopia and Kenya, rising wages, Sweden-based H&M, UK-based George at Asda, USA-based Phillips-Van Heusen, various countries in South Asia

Major brands are beginning to source from Ethiopia and Kenya due to rising wages in China, labour unrest and violence in Cambodia, and ineffective compliance with rules and regulations in various countries in South Asia – leading to fires and, in particular, the collapse of the Rana Plaza building in Bangladesh. Also, the governments in Ethiopia and Kenya are creating favourable conditions in order to attract investors, according to a new report from the global business information company Textiles Intelligence.

Related Keywords: denim plant, fancy yarns, labour unrest, manufacture value added, spinning unit, Suryalakshmi Cotton Mills, workers union

Suryalakshmi Cotton Mills denim plant at Ramtek near Nagpur, Maharashtra which is equipped with the state of the art machines to produce world class having a capacity to produce 40 million meters of denim per annum has suspended production operations due to labour unrest.

The Company is negotiating with the Workers Union and is reasonably confident of settling the issue at an early date. The Company shall inform the Stock Exchange immediately on restoration of the denim operations in Nagpur .

Related Keywords: eye on Nepal, FOSTTA, import duty structure textile trade, labour unrest, MMF sector, Surat textile industry, textile factories in Nepal

Surat textile, India's biggest man-made fabric (MMF) sector has set their eyes on Nepal as a large number of textile factories in Nepal have either closed down or are on the verge of closure due to labour unrest, high taxes, and unclear government policies etc.

The office-bearers of the Federation of Surat Textile Traders Association (FOSTTA) are planning to visit Nepal, their neighbouring SAARC country to explore opportunities to increase the textile trade.