News Tags

India’s 100% man-made fibre yarns export was at 5 million kg in November, comprising 2.28 million kg of polyester yarn, 2.15 million kg of viscose yarn and 0.59 million kg of acrylic yarn.

Polyester yarn exports were down 9.9 per cent in value while viscose yarn exports value surged 67.7 per cent during the month. Acrylic yarn exports declined 28 per cent in November. Unit price realization was down US cents 6 a kg for polyester from a year ago and that of viscose yarn fell US cents 35 a kg. Acrylic yarn unit price realization rose US cents 50 a kg year on year basis.

Related Keywords: 100% man-made fibre yarns export, Acrylic yarn export price, Acrylic yarn exports, India’s yarn export, polyester yarn export price, polyester yarn import in Turkey, textile exports of India, viscose yarn export

India’s viscose yarn export in November was valued at US$7.1 million or INR47.2 crore, rose 67.7 per cent YoY while volume surged 50.2 per cent at 2.15 million kg, implying average unit price realization of US$3.32 per kg.

They were exported to 22 countries with Belgium at the top worth US$2.14 million. It was followed by Bangladesh with imports worth US$1.03 million. Both these markets accounted for 43.6 per cent of all viscose yarn exported in November.

Related Keywords: India’s yarn export, rayon yarn exports, rayon yarn imports, textile exports of India, viscose yarn export from india, viscose yarn export price, viscose yarn import Bangladesh, viscose yarn import Brazil, viscose yarn import in Belgium

Related Keywords: apparel and textile manufacturers, apparel exporters, demonetization, fashion brands and labels, fashion garment exporters’, Indian textile industry, organized textile sector, overseas textile traders, Taiwanese textile companies, textile business in india, textile exports of India, textile importers, textile innovation, textile retailers, Worldex India Exhibition & Promotion, yarns and fabric sourcing

Ms. Arti Bhagat, Director, Worldex India Exhibition & Promotion Pvt. Ltd. said “The organized textile sector has welcomed the decision of demonetization as it would streamline the transaction system which will result in transparent business transaction with overseas traders. The demonetization will affect Indian textile industry in India in terms of purchase of new yarns and fabric from cash payment and is also expected to reduce textile related export orders for a short duration.

Related Keywords: Chinese textile machinery, credit facilities, India ITME, Indonesian Textile Association (API), Indonesian textile exports, spinning and dyeing machinery, textile and textile products of Indonesia, textile exports of India, textile imports of Indonesia, textile machinery makers in India, textile machinery manufacturers in India, textile makers in Indonesia, Textile mills, textile trading partners

In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their production facilities.

Most of the textile makers in the country presently are relied on old textile machineries and were getting more reluctant to invest more in the backdrop of weakening global demand, said API chairman, Ade Sudrajat.

Related Keywords: Indian textile policy, investment in textile sector, new textile policy, textile exports of India, textile exports target of India, textile parks in India, textile sector of India, textiles minister

Union Textiles Minister Santosh Kumar Gangwar said that New National Textile Policy is to be issued before the end of April, 2016 during the budget session of the Lok Sabha.

The new policy sets a target to achieve $300 billion (nearly Rs 20.50 lakh crore) textile exports by 2024-25 and generate employment opportunities with an additional 35 million jobs.

The policy is expected to accommodate a series of reforms to make India a truly manufacturing hub in textiles sectors so that Indian textiles players can take maximum advantages of the slowdown in Chinese textiles industry.