News Tags

Related Keywords: Bangladesh heavily investing to strengthen textile value chain, CITI, Confederation of Indian Textile Industry, maintain growth for garment export, Make in India initiative, more initiatives are expected to strengthen, provide comfort to buying houses, support textile value chain, welcomed initiative for job creation in garment industry

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

Related Keywords: affect growth, any tampering with existing anti dumping duty structure, attracts more investments, China and Indonesia, domestic prices much higher, facing heat of increased dumping, flood the market with heavy discounts, Indian Man-Made Yarn Manufacturers Association, Make in India initiative, Viscose staple fibre based textile industry

The thriving viscose staple fibre (VSF)-based textile industry, which is facing the heat of increased dumping from China and Indonesia, has warned that any tampering with the existing anti-dumping duty structure will affect its growth.

As the viscose-based textile industry has shown a remarkable growth in the last five years, reflecting the spirit of Make in India initiative.

The existing anti-dumping duties, imposed in 2010, are up for review shortly and a section of the textile industry is calling for ending duty protection, citing rising input cost.

Related Keywords: Alok Industries, discussions with multiple levels of retail channels, launch brands in India, launching its products, Make in India initiative, manufacturing partnership, Nextt, participate in, US based home textile company

Nextt, US-based home textile company has decided to participate in the 'Make in India' initiative by launching its products in the country early next year. The company are in discussions with multiple levels of retail channels and hoping to launch their brands in India in the first quarter of 2016. Their manufacturing partnership with Alok Industries gives them an advantage.

The company is suppliers of home textiles, garments, apparel fabrics and polyester yarns to major retailers like Walmart, Kohl's, Dillard's, JCPenney and Target.

Related Keywords: Alok Industries, apparel fabrics, Garments, Make in India initiative, manufacturer of home textile, Nextt, plan to introduce brands to Indian market, polyester yarn, sells popular brands, US based home textile company

Nextt, a $500 million US based home textile company that manufactures home textiles, garments, apparel fabrics and polyester yarns, sells popular brands such as Trina Turk, Kathy Ireland, Jessica McClintock, Raymond Waites etc., and a key supplier to big retailers such as Walmart, Target, Kohl's, Dillard's etc. making plans to soon introduce its popular brands to Indian market.

Related Keywords: boost exports, Cotton fibre, demanding abolish excise duty, domestic textile market, growing global market, India largest man-made Fibres producer, Indian synthetic fibre and yarn producers, Make in India initiative, man-mae fibres, MMF textile consitutes

India is one of the largest producer of man-made Fibres in the world with presence of large plants having state-of-the art technology. MMF textiles constitute almost two-third of the domestic textile market. Indian synthetic fibre and yarn producers demanding to abolish high Excise Duty of 12 per cent on the industry and bring it at par with the Cotton fibre and yarn which has zero duty for growth of the Indian textile industry and for achieving a larger share of the growing global market.