Textile Stock – Growth Chart of the Company

TextileStock.in is an online inventory of textile stocklots which are ready to be sold. Essentially an Indian portal, it enables the potential buyers with all the possible details regarding the stock, simply at the click of the mouse. It is one of the rare entities within India that deals in the export of textile stocks of every possible product that can be listed under the textile umbrella. Right from kitchen linens to fashion apparels, from home furnishings to technical textiles, the portal has proven to be an efficient marketplace for them all. And this can be easily gauged from the growth chart of the company.

Transport Cycle of TextileStock.in

As you may already know, TextileStock.in is a one-of-its-kind online inventory of textile stocklots which are ready to be sold. Essentially an Indian portal, the website avails all the requisite information to potential buyers at the click of the mouse. This information is inclusive of:

• Product Specification
• Available Quantity 
• An Approximate Estimate Of Price
• Product Photographs

TextileStock.in was incepted with the idea of creating a dedicated online marketplace for textile stocklot that helps various manufacturers come on a single platform to sell their goods. The portal efficiently consolidates and markets a substantial chunk of the stock available with suppliers from all across the nation. Not only does the portal helps in increasing the overall visibility of the sellers and the product but also avails them with the opportunity to earn competitive pricing for the same - and all of this, completely free of cost.

Make in India Week - New Textile Policy Likely to be Out by April

As per Mr. Santosh Gangwar, the Union Textiles Minister, it is highly likely that the government may introduce a new textile policy in April. This policy will plausibly target the growth of the industry for the coming 10 years and will look forward to achieving a whopping target of over $300 billion in textile exports and lead to the creation of over 35 million employment opportunities, thus strengthening the industry even further. Mr.Gangwar, present at the Make in India Week, quoted “The long-awaited National Textile Policy is nearing finalisation and is likely to be issued before the end of April 2016”. He said that talks and consultations with the stakeholders are going on and was quite confident about the policy to be released in the budget session. According to him, the policy will embrace all concerns pertaining to various aspects including labour reforms, investments in the sector, and provision of a road map for further developments in the same. The policy is also slated to look into the concerns raised by the skilled workforce of the industry.

Textile Hub Proposed in Bengal

Eastern India, especially West Bengal is now looking at expanding its textile industries, and in fact becoming a textile hub for all we know. As a major step towards this goal, the state government has launched an initiative, with the objective of opening up somewhere over a dozen textile parks.

Nano-Filtration - An Effective Way For Textile Effluent Treatment

The 21^st century has brought upon the global textile industry, the urgent need to reduce the water wastage, pertaining to the manufacturing process. This need has been further pressed by the fact that regulations on the discharge of effluent have been tightened all across the globe. Textile as an industry expels humongous amounts of water as waste, which makes it essential for it to find out some feasible production techniques, which in turn helps the industry meet the regulatory standards.

Recent Challenges Faced By Indian Textile Mills & Drop in Yarn Export

The textile industry of India contributes a whopping 12% to the nation’s forex earnings! However, the economic slowdown in the global market has had its adverse effects on the Indian Textile Industry, in addition to the various other verticals. While the overall textile and garment exports of the country rose by almost 4% in the current financial year, but it has still fallen short of the $45 billion target, pertaining to the massive decline in China’s demand with respect to cotton and yarn.

At present, the spinning mills have up to 10% material in excess capacity thereby resulting in higher inventory overheads and lower liquidity. The higher tariffs that have been imposed on products of these mills in all the major international markets, has further aggravated the issue.

Upcoming Trends for Home Furnishing Textiles

Trends for Home Furnishing Textiles

In the present times, home furnishing textiles are all about creativity, styling and colour coordination. The markets are flooded with the choicest of textures and colours, and just so that you don’t miss out on the more sought after designs, here’s a quick look at the leading trends for the current year 2015-2016. And, believe it or not, it’s the simplest of them all, the colours that lay the most pivotal role in defining these trends.

An Order to Remember

It was mid-October,  A time for festivals in India.  A time to embrace new hopes for the coming year. And yes, for all the businessmen and traders, a time to earn business and make unparalleled profits. At least, that is what Mr. Rakesh Trivedi must have thought.  But, God had some other plans, and not so pleasing ones. Well, let’s hear it straight from the man!

“It was through a very good friend”, recalls Mr. Trivedi. He said, “It was on 11^th Oct, 2011, I can recall because well how can one forget such a day! My friend barged into my office with this huge smile on his face. He gleamed with excitement when he told me about his relative, Mr. Sahu who lived in the States. To complete one of his organisation’s orders, Mr. Sahu was required to acquire a whopping quantity of three 40’ HQ of Tapestry Christmas Cushion Covers. My friend had suggested Mr. Sahu that I can provide him with the material at a reasonable rate. Mr. Sahu agreed to negotiate & eventually place order.”  Adds Mr. Trivedi, “To be frank, I thought the idea was preposterous and I cannot strike such a deal, especially with no excess funds for backing. However, my friend was insistent, and ultimately we closed the deal! As excited as I was about the order, I knew it was something that would take up the better part of my capital and would leave me almost cashless. However, I moved forward towards completing the order.  It took me a lot of taxing days and sleepless nights before I could get the order ready.”

He continued, “It was 25^th of November, when the phone rang. It was my friend at the other end, but this time the perkiness in his voice was missing. He sounded grim. Turned out, the organisation was shut down, and the consignment was no longer required. I was dumbstruck. Though there was still time for Christmas, but for an order this huge, there was no possibility of finding a doting customer. I was right. There was no customer. Not in 2011. Not in the coming three years. My finances were in a bad shape. As guilty as my friend was feeling, one fine day he gathered some courage and came to me. He suggested a website called www.textilestock.in, where many other home textile suppliers like I had published there stock. He insisted that I visit the site and put up the details of my stock up there. Although reluctantly, I agreed. I got in touch with the team, and did as required. And there can be no words, whatsoever, to explain my surprise and joy, when my entire stock of homefurnishing textiles got sold out within a span of just 9 days! Yes, that’s true, I sold it to 2 different traders and that too at approximately my production price! Well God, or let’s say the universe, works in mysterious ways. That’s all I can say. I can never thank my stars, or for that matter www.textilestock.in enough!”

How the Government Policy Has Impacted Indian Export Industry – Key Updates

In the past years, especially in 2013-14, Foreign Trade hasn't been the strength of the Indian Economy. The worst hit was the merchandise exports, all thanks to the petroleum products, which played spoilsport in this steady downfall. Not just this, a lot of sectors that have been the major contributors to India's total export basket have shown poor performance. These sectors include gems and jewellery, chemicals, engineering goods, electronic goods.

However, not all is gloomy. In fact, the World Economic Outlook published by the IMF and the World Bank forecasts that India's economy may rise to 7.5 percent in 2015 as opposed to 7.2 percent in 2014. Exchange rate dynamics and geopolitical risks will be playing a major role in the same, and hence, it is extremely important for India to exhibit reasonable growth in exports.

Much to the delight of the small scale and medium scale exporters and stock lot suppliers, the Foreign Trade Policy for the term 2015-2020 is focuses on improving the ease of doing business. In addition, the policy lays down a clear road map for exports for the coming years. Here, the government has particularly laid emphasis on trade facilitation. Its plan of action includes cutting down the time and transaction costs required in exports by moving towards digitization and paperless working in a 24 X 7 environment. This is not all. In an effort to ease the entire process for merchandise and textile suppliers in India, a total of five schemes have been merged into one single scheme namely Merchandise Export from India Scheme. This will not only help to streamline the process for merchandise exports as well as service exports, but will also be more in line with the WTO rules.

Moreover, the new FTP aims at integrating India's export strategy with the flagship 'Make in India' programme. It seeks to promote the indigenous capital goods production by reducing Export Obligation for domestic procurement under EPCG scheme, by almost 15 percent. Also, it is proposed to give a higher level of rewards to products with high domestic content and value addition.

Meanwhile, it has been reported the government is set to reintroduce the interest subvention scheme, which lapsed in April last year, soon for some labour intensive sectors. This will be a welcome change, especially for the suppliers with surplus stock. Even in the earlier terms, this scheme has proved its mettle by being extremely beneficial for the small and medium enterprises engaged in exports. The FTP, therefore, rightly, wants our exporters to get prepared to run on competitive advantage instead of expecting tariff sops to come their way.

While the government is taking steps to bring about more than just a positive change for the Exporters, it is up to the small and medium scale enterprises to step up and work in tandem with the newly introduced schemes to extract the maximum possible benefits.

Article Originally Posted On: Article Base

From Bricks and Mortar Stores to Online Clicks

There is nothing more satisfying than holding a product in your hand, feeling the texture, and viewing the minutest details before proceeding to purchase the item. A traditional brick and mortar store enables shoppers to get the product experience, interact with a variety of items, and make an informed decision of what they are about to buy. Nevertheless, there has been an unprecedented change in customer buying habits in the last decade, with more and more people opting for online purchases of their favorite products.

From Dead-Stock To A Profit Deal – Mr. Chandran’s Story

On 14th February, 2014, Mr. Chandran was a happy man.

You know why?

He had just received a big order for kitchen linen – to the tune of 40 ‘HQ quantity worth more than 50 lakhs! This was the big deal that would rocket him to the big league, show his contemporaries that his business had mettle. He would do whatever it took for him to ensure that he delivered quality products on time, which would in-turn boost his goodwill in the market. In such a high note, Chandran set out to start his way towards fulfilling the order. Right from taking stock of the inventory, delegating tasks to suitable staff members, planning ahead for the production,  warehousing, transportation and delivery –Chandran did not leave any stone unturned to deliver nothing but the best.