Is The Internet The Right Stimulus For Indian Textile Industry?

India, the second-largest producer of textiles and garments, has been eyeing to be a sourcing hub, riding on the back of a skilled labor force and opulence of cheap raw materials. With Indian Textile Industry accounting for a quarter of the global spindle capacity, its potential size is speculated to reach US$23 billion by the end of this decade.

Being the second largest employment generating sector in the country after agriculture, Textile Industry has got a huge bearing on the country’s economy. Hence, a holistic development of this sector is imperative for GDP expansion. Infusing the right kind of technology with this industry is definitely the roadmap to tap the entire market potential.

Globe to Present Wearable Advanced Sensor Platform at the Smart Fabrics Summit

The US Department of Commerce in collaboration with the Industrial Fabrics Association International has invited the well-known Globe Manufacturing Company to share their thoughts at what can be called as the first of its kind, Smart Fabrics Summit planned to be conducted in Washington DC. It is known that Penny Pritzker, the US Secretary of Commerce will take the onus of moderating the selected panel of business leaders. 

Digital Textile Summit 2016 to be Held On Dec 7

As per a press release from the Inkjet Forum India, the 2016 Digital Textile Summit will be held on the 7^th of December, in concurrence with the ITME 2016, the largest trade show of textile technology in India! Organised by the Inkjet Forum India, this will be the 6^th conference pertaining to digital textile printing in India. According to the release, this year the conference will be held at Mumbai’s Courtyard Marriott Hotel.

Beyond Globalisation - A Changing Apparel Industry

Fashion, to say the least, is one of the most dramatic domains where changes can be seen with each passing day and thanks to the new found globalization, these changes affect the apparel industry across the globe.

How Simple Is It to Buy and Sell Goods from TextileStock.In!

For those who are unaware of what exactly TextileStock.in is, it is an online inventory of textile stock in India that is ready to be sold. This portal works on the simple principle of availing all the requisite information regarding a stocklot on sale so that the buyer can make an informed choice, and the seller can get a fair price for the material. And all of this with a few simple clicks of the mouse.

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.

Around Two-Fifths of the Readymade Garment Industry to Face 2% Excise Levy

The financial year 2016-17 is knocking, and Finance Minister, Mr.Arun Jaitley has announced the budget. The budget hold quite a few changes for the textile industry on the whole, but the most glaring of them all is the proposal to levy excise duty of 2% on all readymade garments as well as made up textile articles, the retail price of which are Rs. 1000 and above.