CHINA
Textile (137)
Cotton industry has urged to come up with a possible proposal to develop improved seed varieties and farm practices to achieve high productivity and reduce diseases.K Sambasiva Rao, Union Minister for Textiles, has urged the Indian cotton industry to come up with a roadmap to double its cotton production.He expressed his views recently in an interactive session with stakeholders of the cotton value chain which comprised of Confederation of Indian Textile Industry (CITI) and South India Mills Association (SIMA). During the session, stakeholders of the cotton value chain emphasized the need for a stable and transparent policy in the cotton…
The CCEA is likely to consider a proposal to impose export duty of 10 per cent on shipment of exportable surplus cotton to ensure availability of the natural fibre in the domestic market. The Ministry said the imposition of export duty on cotton will lead to revenue collection and also improve inclusiveness of textile industry in the economic activity. However, the Agriculture Ministry has opposed such a move and suggested liberalized trade regime, while finance and commerce ministries have supported the move, sources said. Sources say, the proposal moved by the Textile Ministry is listed on the agenda of the…
Even with the rupee plunging, India remains the most competitive nation in the world in cotton yarn.The industry operates under extremely low overheads, which are a tiny fraction of the overheads of comparable companies in any other industry. India’s operating machine speed in spinning and weaving is 30 per cent higher compared to China’s. Most Indian mills follow lean manufacturing, even if they are not familiar with the concept. Power, labor and equipment are the key factors that have made the Indian textile industry intrinsically competitive. Exporting mills of the power-starved south get 50 per cent of their power needs from…
The government is set to discuss a proposal to impose 10 per cent tax on cotton exports above the declared surplus, to streamline exports and ensure a stable price regime.The ministry is also for registration of cotton export contracts with the directorate general of foreign trade, to monitor exports. The ministry wanted an inter-ministerial group to review the cotton position and make recommendations to vary or suspend the duty. However, the agriculture department was against the proposal. “The department of agriculture is clear that any sort of curb on export of farm commodity hurts the interest of growers,” a top…
Weavers have produced exquisite shawls in Kashmir for centuries, but their craft risks dying out in the face of cheap foreign imports and a young generation uninterested in mastering the skill. Kashmir gave its name to the soft cashmere wool that commands a huge prices in the West, but in some villages there are now only 10 paddle looms, known as khadis, where once there were 100. It takes 15 days' labor to make a single shawl. Cashmere scarves and sweaters sell for hundreds of dollars in the developed world. People in Kashmir take their animals up to high pastures in summer…
With a vision and commitment to be a leading enterprise in the textile industry, Suryalakshmi Cotton Mills manufactures of world class cotton and blended yarns is looking at increasing its business by 15 to 20 per cent this fiscal. The company did business worth Rs 720 crores in the last fiscal?? (IS THIS FIGURE FOR LAST YEAR)??. Talking about their business plans, Jay Soyantar, Vice President, Marketing, Suryalakshmi said, “At present, the business is very challenging. All the markets are very difficult, especially the Indian market but we are continuously innovating and upgrading, making new collection and rising above the…
LNJ Denim with a turnover of $1 billion (Rs 6,000 crores) has opened a first of its kind in the world denim boutique. The company has also launched a new brand called Blue Blanc for basic jeans and shirts. Denim boutique, the unique concept Located in Jaipur, the new denim boutique houses everything from ethnic wear for men and women to the latest outfits. The portfolio comprises of denim saris, denim burkhas, denim skirts, sherwanis, denim shirts, denim trousers, beach wear, tops, tunics, lungis for men, knitted denim apart from frocks, bermudas, hot pants, ties, shoes, caps, belts, purses,…
The much awaited trade fair for Technical Textiles, finally opened its door on in Mumbai on October 3. Spread across 6,000 sq. mtr, the trade fair hosts 182 exhibitors from 11 countries including five international pavilions of Belgium, China, France, Germany, and Italy. Opening on a promising note, the exhibition is expected to attract industry professionals from India and across the globe. As Raj Manek, M D, Messe Frankfurt Trade Fairs India, said, “This year’s Techtextile India represents the largest numbers in the history of the Indian leg of this trade fair. Many brands have come to use this platform to…
The Indian cotton textile industry is set to attract Rs 4,000 crores investments in the next six months with the margin money to be received as interest subsidy under the Technology Upgradation Fund Scheme (TUFS). Normally, the blackout period (time difference) consists of three to six months between two subsequent subsidy announcements. This time, however, it was almost 18 months. The fresh investment in the textile sector is set to accelerate export growth. Indian exporters would be able to take advantage of the rupee depreciation, which has made them more competitive on the global front. TUFS was introduced in April…
Picanol India, a leading provider of weaving machines has seen steady growth in its market share of late. Picanol is participating at Techtextil India to be held in Mumbai from October 3 to 5, 2013, and will showcase its latest advances in energy- and waste-saving. Samples of fabrics, and critical machine-parts and comprehensive video footage will be on display at the exhibition. Techtextil India, is an international trade fair for technical textiles and nonwovens. Picanol has always been a frontrunner in adapting its weaving machines to weave industrial fabrics like tarpaulins and conveyor belts. Picanol weaving machines offered for technical fabrics…
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