The Cotton Textiles Export Promotion Council (Texprocil) – has recommended some initiatives to the Modi Government to increase India’s footprint in the global market to get the benefit of increased employment opportunities for the rural masses particularly the underprivileged and unskilled labour in the agriculture sector.
Texprocil has a membership of around 3,500 companies spread across major textile clusters in India. Its members are well established manufacturers and exporters of cotton textile products like Cotton, Yarns, Fabrics and Home Textiles, showcasing a dazzling array of products across the value chain. Continue reading →
Production of Muga Silk in Assam as well as in country during the last five years period is given below, which indicates Muga silk production, has shown an increasing trend and hence, it is not on the verge of extinction.
The following statement indicates State-wise muga Silk production in the country during the last five years (2009-10 to 2013-14). It could be seen from the statement that the Assam produces substantial quantity of Muga Silk, when compared to other muga silk producing States. Continue reading →
The Bhagalpur of Bihar is famous worldwide for its distinctive type of tasar silk and coarse varieties of silk fabrics. But the silk handloom weavers of Bhagalpur are facing stiff competition from power loom and mill sector due to high input cost, low productivity and availability of cheaper imported silk fabric etc. sluggish export market and capturing of export market by other major silk producing countries like china in the recent past has also affected Bhagalpur silk industry. Continue reading →
Germ-Resistant Scarves Introduced as MARFS to protect against bacteria, viruses and airborne contaminants.MARFS, a wearable, germ-resistant product, was introduced in the health and wellness market earlier this month by Wrall LLC. Marfs function as both a mask and a scarf. When pulled over the mouth and nose, Marfs help to improve health by eliminating airborne contaminates by filtering the air. There have been growing health concerns among travelers and other health-conscious individuals who are looking for ways to avoid sickness, especially during air travel and other close-contact situations. Recent studies have indicated that viruses and bacteria such as MRSA and E. Coli are capable of living in the back of airport seat pockets for several days, making them a haven for germs. Marfs’ function to reduce the spread of germs and ultimately eliminate the hazard of harmful bacteria, making them ideal for travelers, commuters, students, and those prone to sickness.
Texprocil has urged Cotton Corporation of India to buy from the market when prices here are cheaper than abroad and offload when these breach international prices. It would, they say, benefit farmers and mills. Globally, cotton prices have fallen to a five-year low.
After international cotton prices spiked in 2010/11, many spinners decreased the share of cotton in yarn in favor of greater use of polyester. At the start of 2013, the gap between cotton and polyester prices widened. Polyester prices remained fairly stable at around 74-76 cts/lb for most of 2013 and 2014 until dropping to 65 cts/lb in April of this year. During the same period, international cotton prices climbed higher, reaching 99 cts/lb at their peak. Continue reading →
Bhilwara based Sangam (India) plans to venture into the seamless garment segment with an investment of Rs. 120 crore. The company is to set up 10,000 spindles for slub yarn and a mercerising unit, besides modernising the processing division. The project, which is expected to be completed by March 2015, would be funded through a term loan of Rs. 89.50 crore and internal accruals.
The company would install 36 circular knitting machines imported from Santoni, Italy, the world leader in seamless knitting technology. The company aims to manufacture 10,000 pieces of seamless garments a day from the next financial year. Seamless knitted garments are used worldwide in the wellness industry, for yoga and sportswear. Seamless garment technology eliminates the process of fabric laying, cutting and sewing which leads to savings in terms of cost and time. Continue reading →
The Indian textiles industry is facing still competition from foreign textile industry including neighbouring countries especially from Bangladesh, Pakistan and Sri Lanka as these countries are taking advantage of unilateral tariff preference scheme granted to developing countries.
India, which was also a beneficiary of the EU GSP has been graduated out of the GSP from 01.01.2014 for textiles and some other products. The graduation out of countries is done by the EU based on the criterion of trade share. Hence Indian exporters of textiles pay the normal customs duty of upto 8% on textiles products being sent to EU from 01.01.2014 onwards. Continue reading →
Shri Santosh Kumar Gangwar, Minister of State for Textiles (I/C) on July 28 received the draft Vision, Strategy & Action Plan for Indian Textiles & Apparels presented by Shri Ajay Shankar, Chairman, Expert Committee & Member Secretary, National Manufacturing Competitiveness Council (NMCC). Continue reading →
Colorant Limited, a leading Ahmedabad based reactive dyes manufacturer and exporter received the DMAI Award for the outstanding performance in the Domestic Market for the year 2013-14. Continue reading →