TN to set up new textile park & allocate Rs 100 cr to fund MSMEs

Source: Business Standard, Sept 29, 2015

Chennai: Tamil Nadu Chief Minister J Jayalalithaa today announced new textile park and financial support for first generation entrepreneurs and MSME.In a statement under Rule 110 of the State Assembly, she said an integrated textile processing park will be set up in a 224 acre land at Thiruvadanai, Ramanathapuram district, at a cost of Rs 150 crore.

The park will have a water desalination plant of one crore litre capacity and 30 textile companies will be set up here at a budget of Rs 450 crore and will create direct employment to 6,000.

Jayalaltihaa said Tamilnadu Industrial Investment Corporation (TIIC) has been financially supporting first generation entrepreneurs and MSMEs to five further boost the state government would give Rs 100 crore as one-time capital for TIIC.

Read the rest of this entry »

Textile machinery market to double to Rs 45,000 crore in 7 years: Expert

Source: The Economic Times, Jan 15, 2015

MUMBAI: The size of India’s textile machinery industry is poised to double to Rs 45,000 crore in the next 7 years from the present Rs 22,000 crore on the back of new projects and emphasis on setting up textile parks, an industry expert has said.

“The growth in the sector and upcoming new projects along with government’s initiative to set up textile parks may boost the textile machinery industry. The market size of the sector is set to double to Rs 45,000 crore in the next 7 years from the present Rs 22,000 crore,” India ITME Society Chairman Sanjiv Lathia told PTI here.

Textile machines are used in fabrication and processing of fabrics, textiles, and other woven and non-woven materials. The industry witnessed a growth of 8-10 per cent to Rs 22,000 crore in 2014 from Rs 20,000 crore in 2013. Read the rest of this entry »

Technical textile sector to grow at 20 pc in next two years

Source: The Economic Times, Dec 09, 2014

MUMBAI: The country’s technical textile sector is expected to grow at 20 percent per annum in the next two years, Union Minister for Textiles Santosh Kumar Gangwar said here today.

“There is a huge potential for the technical textile sector to grow at 20 percent per annum during the next two years. Government has recognised the importance of technical textiles in the national economy as well as the potential for increasing production and exports in the sector,” Gangwar said, after launching curtain-raiser of TECHNOTEX 2015, an international exhibition and conference.

The fourth edition of TECHNOTEX, organised by FICCI in collaboration with the Ministry of Textiles, will be held from April 9-11 next year in Mumbai. As per the 12th Five Year Plan estimates, the market size of technical textiles is expected to grow at CAGR of 20 per cent and reach Rs 1,58,540 crore by 2016-17. The current market size is estimated to be Rs 1,09,659 crore.

Technical textiles include tyre cords, fabrics, airbags, industrial textiles, furniture lining, tents, fire services equipments, bullet proof jackets, parachutes, etc. The government has already approved setting up of 13 textile parks, entailing minimum investment of Rs 100 crore each, the minister said.

Textile Commissioner Kiran Soni said eight Centres of Excellence have been created for the technical textiles industry.

Indian textile industry has potential to touch $500 bilion by 2025

TextileNEW DELHI: The Indian textile industry has the potential to grow five-fold in the next ten years to touch $ 500 billion mark on the back of growing demand for polyester fabric, says a study.

A study by management consultancy firm Wazir Advisors and PCI Xylenes and Polyester says that the country’s textile industry, which is currently estimated at $ 108 billion, can grow to $ 500 billion by 2025.

This would be on the back of a host of reasons including shift in focus from cotton production to production of pollster textile, policy support by the government and investment on research and development, it added.

Read the rest of this entry »

Apparel exports register growth of 17.6% in April-September 2014

Source:, Oct 29, 2014

New Delhi: The 22nd edition of India Market Days was inaugurated at Apparel House, Gurgaon, yesterday, by Mr. Shri Sudhir Sekhri, Chairman Export Promotion (EP), AEPC, along with, EC member and Shri Puneet Kumar, Secretary General, Apparel Export Promotion Council (AEPC), in the presence of international buyers, participants and AEPC officials.

Highlighting the export performance, Shri Virender Uppal, Chairman AEPC in his message stated that “garment exports are on the sustained path of growth and we have incurred 17.6% growth in this fiscal. Exports in dollar terms for the month of September 2014 stood 1.3 billion registering 16% growth. The cumulative April- September of the Financial Year 2014-15 has increased by 17.6 per cent over the same period of previous FY and reached to USD 8.3 billion, which is good performance.” He further noted that increasing labour cost in China, non-compliance of large number of factories in Bangladesh, high rate of inflation, currency appreciation, etc with the competing countries have provided India a big opportunity in view of its relative advantage.

A small push from the Government with its policy support may help India to get more business as overseas buyers are looking at India as safe and reliable option for the sourcing. But to capture the space in market left by China and Bangladesh, we have to be competitive in pricing, apart from meeting strict timelines, better quality delivery by Indian exporters, Shri Uppal added. Read the rest of this entry »

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

Read the rest of this entry »

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 »


Get every new post delivered to your Inbox.

Join 209 other followers