Exporters tapping synthetic garment for higher growth

Source: The Hindu Business Line, Oct 05, 2014

Tirupur: Garment exporters, currently dominated by cotton garments, are in the process of tapping synthetic and blended garment segments in a big way, which constitute about 70 per cent of global demand, a top official in Tirupur Exporters’ Association (TEA) has said.

Tirupur, which exported garments worth Rs. 18,500 crore last year, has a share of Rs. 2,500 crore to Rs. 3,000 crore in synthetic and blended garments, mainly winter garments, TEA president A Shaktivel told PTI.

Despite overall continued growth and demand for garments from this town, no extra effort was taken to increase the share of garments made of man—made fibre, like clothes of synthetic fibre, Shaktivel said.

Through Knitwear Technology Mission (KTM), which commenced its operations in Tirupur, it would be easy to produce garments using synthetic fabric, which hitherto was manufactured after imports from China, he said.

Exporters tapping synthetic garment for higher growth

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India’s textiles, apparel exports to rise by 10% this year

Mumbai: India’s cotton and apparel exports are set to climb by around 10 per cent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said.

 

Textile-algérieThe rise in textile shipments from India – currently around 4.5 per cent of world trade – may eat into top exporter China’s 36 per cent share of the market and will be a boon for Indian textile merchants keen to exploit rising demand stemming from weak cotton prices and global economic growth.

 

“My orders have increased by about 20 per cent so far this financial year. It’s a golden period for the Indian textiles industry,” said Vijay Agarwal, chairman of Mumbai-based Creative Group, a leading apparel exporter. Buoyed by fresh export orders, Agarwal is keen to expand his business by investing 2 billion rupees ($32.71 million) in the next year.

 

The main markets for Indian textiles at the moment are the United States and European Union.

Agarwal and other Indian exporters are anticipating a rise of roughly 5 per cent in global demand for textiles and apparel this year. In addition, India’s textile exporters feel the relatively low labour costs in their country, alongside record domestic cotton production this year, should help them gain market share from other exporters in the region. Read the rest of this entry »

India plans to open handloom stores abroad

Source: The Hindu Business Line, Sep 04, 2014

Hyderabad: India is planning to open handloom stores abroad and is in the process of pooling artisans to work on contemporary and export—oriented designs, a top government official said here today.

“As far as the exports market is concerned, we are trying to explore new markets and look for some of the franchise model over there…also to open our own stores and we are working on that. It will take some time before we can put it into operation,” Development Commissioner (Handlooms), Ministry of Textiles, Dinesh Kumar told PTI here.

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Textile Ministry for FDI in multibrand retail, but only in Indian apparel

Source: Business Standard, Sep 03 2014

Mumbai: The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail.

Contrary to the party’s policy for not allowing FDI in multiband retail, the ministry, in its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, albeit restricting its views only to Indian apparel brands.a

At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.

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Textiles Ministry Pact with Flipkart

Source: The New Indian Express, Aug 26, 2014

CHENNAI: Handloom weavers across the country will soon be able to market their wares through an online platform with the Union Textile Ministry signing a pact with online retailing giant Flipkart to provide an online marketing platform for the handloom sector.

An MoU was signed on Monday between the Ministry of Textiles, through the office of the Development Commissioner for Handlooms, and Flipkart to provide the beleaguered handloom weavers with an avenue to market their wares.

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Government eyeing non-traditional markets to boost textiles exports

Source: The Economic Times, Aug 14, 2014

NEW DELHI: To boost the country’s textile exports, the government is exploring new markets by holding shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets, Parliament was informed today.a

“The Government, in addition to traditional markets like EU & USA, is exploring new markets by holding exhibitions and shows in Russian Federation, Israel, Eastern Europe, Latin American countries and other non-traditional markets,” Union Textiles Minister Santosh Gangwar said in a written reply in Lok Sabha.

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Textile policy to focus on new export markets

Source: The Hindu Business Line, Aug 04, 2014

New Delhi: With an aim to grab one-fifth of the global textile business and increase exports to $300 billion in the next decade, the Government proposes to rejig labour laws, make special efforts to attract foreign investment and enter new markets with high export potential, such as Japan, China, Brazil and Russia.

The proposals are part of the vision strategy framed by the expert committee on textiles, and will be used as inputs for the National Textile Policy.

“The draft of the National Textile Policy will be placed before the Cabinet for approval after weaving in relevant comments from other Ministries and interest groups,” a Government official said.

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