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Related Keywords: boost revenue, export garments, finishing and garment production, five more countries, known as Sritex, Kosovo, leading vertically integrated textile and garment company, like spinning, military uniforms, newest overseas market, planning to expand export market, Sri Rejeki Isman, weaving

Sri Rejeki Isman, known as Sritex a leading vertically integrated textile and garment company in a bid to boost its total revenue by a minimum 10 percent this year is planning to expand its export market to at least five more countries.

Kosovo was the company’s newest overseas market, the country in the first quarter ordering military uniforms, which contributed 20 percent of Sritex’s total sales last year. Next is Cambodia, which is expected to buy 100,000 military uniforms, said President director Iwan Setiawan Lukminto.

Related Keywords: affiliated with the council, inputs from industry, knitting and processing, spinning, standardized training syllabus, supported by Union Government, Textile Sector Skill Council, to take part in training project, weaving

The Textile Sector Skill Council supported by the Union Government has standardized the training syllabus for 56 jobs in spinning, weaving, knitting and processing. The syllabus has been prepared with inputs from the industry and it will be reviewed every year.

Related Keywords: Bangladesh exporter, BJMA, BTMA, cash incentives, continue special income tax rate, cut down or waive off, dying, for primary textile sectors, higher licence fees, National Board of Revenue, printing and finishing mills, spinning, tax at source on export earnings, weaving

Bangladesh exporters yearn for tax at source on export earnings and tax on cash incentives to be waived or cut down in the budget for fiscal year 2015-16 to make it uniform for all exporters, as it is not a profit of the exporters.

The exporters, textile mills, jute and plastic sectors proposed to the National Board of Revenue (NBR) to cut tax at source on export to 0.30 per cent from existing 0.60 per cent.

Currently, apparel exporters are enjoying 0.30 percent tax rates on export bill while others are paying 0.60 per cent

Related Keywords: fabric finishing, increase manufacturing capacity, meet rising demand, textile company, warping, weaving, wool based products, Wooltex UK

Longwood based textile company Wooltex UK to extend its premises to meet rising demand. The move, which is awaiting planning approval, will add 40,000sq ft to its existing 65,000sq ft of space that will create more space for additional machinery and increase manufacturing capacity in the areas of warping, weaving, fabric finishing and sample making.

Related Keywords: approval of funds, dyeing, for implementation, Handlooms, in Haryana, introduced in seven district, sector of garments, spinning, Textiles related courses, training cost, under ISDS, Union Ministry of Textile, weaving

The Union Ministry of Textiles has given approval of Rs 20 crore funds under Integrated Skill Development Scheme (ISDS) for implementation in addition to existing ones for generating more employment for the youth in Haryana. This information was give by Education Minister Ram Bilas Sharma during the ongoing budget session of Haryana Assembly.

Sharma stated that under the scheme 75 percent of the training cost would be provided by the Ministry of Textiles and the remaining would be contributed by the State.

Related Keywords: different business plan, dyeing, fully integrated textile mill, knitting, mills renovated, natural fiber, niche market, Philippine textile industry, produced and exported garments, PTRI new technology, spinning, under quota system, weaving

Philippine textile industry at its peak had huge, fully integrated textile mills that did everything –spinning, weaving, knitting, dyeing. It produced and exported garments under a system that used quotas. But problems came into the textile industry with the advent of cheap textile imports, the abuse of the quota system (entities with no mills had quotas allowing them to bring in raw materials, real mills had none) and with low prices combined with high wages, there was a general shutdown.

Related Keywords: cotton ginning, create employment potential, investment made by textile companies, Maharashtra textile policy, offers capital and interest subsidy, powerloom, textile projects, textile sector, textile zones, weaving

Maharashtra’s 2011 textile policy has been the main motivator as it offers capital and interest subsidy on the investment made by textile companies which renewed interest in textile sector. In the last two years the State has managed to get investments to the tune of Rs. 7,099 crore and has created employment potential for 45,953 persons.

Related Keywords: handloom, Indian textile industry, minimum wage, powerloom, SIMA, tailoring, textile and clothing sector, Textile mills, timely review, TN textile industry, weaving

The Textile and clothing sector has around eight schedule employment (under the Minimum Wages Act) such as cotton ginning, pressing and waste cotton industry, handloom and weaving industry, handloom silk weaving industry, hosiery manufactory, powerloom industry, silk twisting industry, tailoring industry and apprentices in textile mills.

Besides this, there are many industrial establishments engaged in the manufacture of knitted and woven garments and made-ups (home furnishings). Some of them cater to both – the domestic and export markets.

Related Keywords: Adidas, Climacool apparel, close nylon division, dyeing, global popularity, processing and distribution of fibers and fabric products, transfrom into polyproylene yarn, Tri Ocean Textile Co, weaving, Zu Zair

Tri Ocean Textile Co is a Taiwan-based company primarily engaged in the weaving, dyeing, processing and distribution of fibers and fabric products, yesterday unveiled that it plans to close its nylon division next year, aiming to transform itself into a polypropylene yarn making company due to higher prices and better market sentiment the product commands.

Related Keywords: export market, Indian Textiles Industry, MMS, modernization of processing, new textile policy, restructuring, Shuttle-less loom, spinning, Technology Upgradation Fund Scheme, Textile Ministry, TUFS, weaving

Technology Upgradation Fund Scheme (TUFS) which was introduced in 1999 to catalyze investments in all the sub sectors of textiles industry by way of interest reimbursement. The scheme mainly focuses on modernization of processing, spinning, and weaving, garmenting and technical textiles segments, where there is good scope for massive employment generation and value-addition.

The textile ministry is now mulling over a proposal to restructure the textile upgrade fund (TUF) for making it broad based to include many more areas and make better benefits under the new textile policy proposed.