Wednesday 13 July 2016
Wednesday 6 July 2016
Tuesday 21 June 2016
Future of Indian Textile Industry
Future of Indian Textile Industry |
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Monday 13 June 2016
Iran- A Huge Potential Market for Indian Textiles
In the recent past, the import duties with respect
to textile fabrics and ready-made garments in Iran have been reduced
drastically, as a measure to curb illicit imports. This has also helped the
Iranian Government to clear its way towards becoming a part of the World Trade
Organisation. On the other hand, India is on the lookout to tap Iran’s markets
which seems to have a great potential for apparel & Home textile products.
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Friday 3 June 2016
Turning a Business Crisis into an Opportunity!
The very
definition of business essentially comprises an overlooking risk factor. And at
a place where risk is inevitably involved, crisis ought to follow, more often
than not. However, the strength of an entrepreneur always lies in his ability
to turn this crisis into an opportunity! Former CEO of Intel, Andy Grove, once
pointed out, “Bad companies are destroyed by crisis. Good companies survive
them. Great companies are improved by them.”
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Thursday 26 May 2016
Saturday 21 May 2016
The Online Solution To Stop Fraud In Textile Market
With more monetary freedom
at one’s disposal, global consumerism is on an upswing. For the consumer
fraternity, the textile market and apparel industry have been amongst the
favorite sectors to shell out the bucks. The shift in demographic preferences
can be easily figured out from the emerging market trends highlighting the
global demand for apparels and the corresponding market competitions in place.
The textile industry is representative of a variegated spectrum of activities
ranging from cottage spinning and weaving sector at one end and capital
intensive mills at the other.
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Friday 13 May 2016
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.
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Saturday 30 April 2016
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.
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Thursday 28 April 2016
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 7th 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 6th 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.
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Friday 15 April 2016
Wednesday 13 April 2016
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.
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Friday 1 April 2016
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.
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Wednesday 23 March 2016
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.
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Saturday 19 March 2016
What lies in the budget for the textile industry?
The budget for the financial year
2016-2017 is now out, and as expected it envelops various avenues for the
textile industry as well. In the budget, Mr.Arun Jaitley, the finance Minister
made numerous announcements, the most imperative of which was that the basic
custom duty for raw materials that are used in technical textiles would be
reduced to 2.5%. These raw materials would include fibres such as aramid flame
retardant, para-aramid, nylon staple, nylon anti-static staple and modacrylic
as well as yarns such as nylon 66 filament, flame retardant viscose rayon
andpolyester anti-static filament. This is a welcome move, as it will ensure
that the input cost for manufacturers of technical textiles is substantially
reduced.
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Tuesday 15 March 2016
Delinking subsidy from bank loans a great boon for Indian textiles
Powerloom Machine |
The Maharashtra
Government, led by the Bhartiya Janata Party or the BJP has recently announced
the provision of subsidy to owners of textile mills that wouldn’t be linked to
bank loans. In what can be denoted a first-time move by the government, the
textile industry on the whole would gain immense benefits. This has come to be
of major relief to the large majority of Muslim powerloom owners, who had been
demanding this delinking for a long time now. These Muslim powerloom owners,
along with a large number of workers had always felt that the usury as well as
the bank loans were against their religion, considering the fact that Islam
does not allow the practise of taking or giving loans.
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Saturday 12 March 2016
Union Minister Gangwar Up for Changes in Labour Laws
Mr Santosh Kumar Gangwar, Union Minister, Textile
Ministry is of the opinion, that the government is required to initiate changes
in the existing policies, especially those pertaining to the labour laws in
order for the Indian Textile industry to lead the world, and gaining the number
one position, thus beating China.
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Monday 7 March 2016
The Impact Of Use Of Intellect On American Textile
The history of
American textiles can be traced right from the development of spinning jenny by
James Hargreaves, wherein eight hand spinners were conveniently replaced by one
operation. It was then that Samuel Slater assembled all such processes, and set
up the first textile mill in the United States, in the year 1793, and hence
came to be known as the father of the Industrial Revolution of America.
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Wednesday 17 February 2016
Saturday 6 February 2016
Textile Exporters and Importers Will Gain from Renewal of GSP
It took a long wait of more than 18 months, but eventually the US
Government did renew the Generalized System of Preferences (GSP) thereby
enabling the duty-free entry of close to a whopping 3,500 product lines from
Indian Exporters. These product lines are slated to include merchandise from
numerous verticals including textiles, gems and jewellery, engineering and
chemical products. This renewal has been given a retrospective extension
ranging from the bygone August 2013 to December 2017.
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