Textile Review A Highly Focussed Textile Centric Monthly Magazine Exclusively focusing on Textile industry. Textile Review Magazine has regular columns like Special Report, Cover Story, Face2Face, TR Exclusive, News Events, Statistics, News Snippets, Management Story, Stock Scan, Export Trade Enquiry, Review, Product Profile. http://www.textilereview.com/index.htm Wed , 18 Feb 2009 15:00:33 +0530 Wed , 18 Feb 2009 15:00:33 +0530 editor@textilereview.com Wed , 18 Feb 2009 15:00:33 +0530 editor@textilereview.com http://www.textilereview.com/tr_icon.jpg http://www.textilereview.com/index.htm Textile Review Magazine India - A Highly focussed textile centric monthly 42 37 The inability of the Cotton Corporation of India to dispose of 75lakh bales, procured by it in 2008-09 crop year, has prompted the Centre to offer discounts on bulk purchase of cotton. However, CCI offer price expected to be Rs 19,800-19,900 per candy, is not expected to attract the domestic textile sector that has kept of procuring owing to a steep price variation with the ongoing market price and the international rates. http://www.textilereview.com/textile_news/18feb2009.htm Wed, 18 Feb 2009 15:00:33 +0530 Battling a slowdown that has shackled the growth of the industry, the textile industry seems to be betting high on the third stimulus package and the Exim policy announcements. The Young Entrepreneurs Group of Confederation of Indian Textile Industry, met in the city in the backdrop of the disappointing interim budget, to discuss the way ahead for the industry on Monday. With over 50% of the production in the textile value chain being exported the global economic developments has had a serious impact on the industry. http://www.textilereview.com/textile_news/18feb2009.htm Wed, 18 Feb 2009 15:00:33 +0530 A 2% tax subvention on pre-shipment and post shipment credit to exporters, as announced in the interim Budget 2009-10, will not help the textile sector, say exporters. They pointed out that the lack of any measures to uplift the labour intensive textile sector, ignored by the government in the stimulus packages as well, will demotivate the export fraternity. Exports of readymade garments, projected at Rs 25,000 crore for the current financial year, have already dipped by 10% in the past three months. http://www.textilereview.com/textile_news/17feb2009.htm Tue, 17 Feb 2009 15:00:33 +0530 The domestic technical textile industry needs to create a platform for stronger industry defence ex-changes and partnership to capture a major part in the country's outlay of about Rs 2,000 crore on clothing and fabric needs of its armed forces and security personnel. According to a study by industry association Ficci, India spends a large amount of money on purchasing uniforms for the 1.5 million- strong armed forces and an equal number of paramilitary and security forces. But the $8-billion Indian technical textile industry is losing the business as most of the security-related orders are being carted away by foreign companies, the study said. A large number of the armed forces and security personnel are required to be equipped with protective and special clothing that are called technical textiles. This requirement is functional in nature and offer a large market for Indian technical textiles manufacturers," the study said. Technical textiles are also used by defence and paramilitary forces for their parachutes, bullet proof jackets, geo-textiles for border roads, tents and mosquito nets. http://www.textilereview.com/textile_news/19jan2009.htm Fri, 23 Jan 2009 15:00:33 +0530 Cotton arrivals as on January 15 in the cotton year beginning October 2008 fell 17% on year, an official in state-owned Cotton Corp of India said on Friday. Total arrivals of the fibre crop in the country fell to about 14.54 million bales of 170 kg each from about 17.5 million bales in the year ago period, the officials said. http://www.textilereview.com/textile_news/17jan2009.htm Fri, 23 Jan 2009 15:00:33 +0530 It is not just branded apparel that is driving the growth of India's textile sector. As the Indian consumer drapes up her home with exquisite upholstery, introduces baby diapers and tea bags to the family and drives around in four-wheelers, it is pushing new category of speciality textiles in the sub-continent. Growing at a phenomenal 11-12% year on year, the consumption of technical textiles in India will swell from current Rs 37,565 crore to Rs 64,207 crore by 2012-13. http://www.textilereview.com/textile_news/17jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 A struggling industry demands roll-back of taxes to revive itself. The textile cluster in Punjab is passing through a rough patch. The industry is grappling simultaneously with high taxes and the high minimum support price of cotton. The revision of entry tax on the raw material to 4 per cent last year has also increased the difficulties for the industry. The tax is around 2 per cent in neighbouring states. The spindles in Punjab consume about 5 million bales of cotton a year. The production in the state is about 2.5 million bales a year, so Punjab imports cotton from other states. http://www.textilereview.com/textile_news/12jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 The common man's fabric for years, khadi, is in the process of a facelift. The hand-woven yarn is being marketed so that it can take on the other supposedly more trendy and contemporary fabrics in the space. http://www.textilereview.com/textile_news/12jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 Slowdown in the textile industry is not going to deter the companies in the segment from going ahead with their investment plans in Gujarat. The state is expected to attract investment to the tune of Rs10,000 crore in the sector during the forthcoming Vibrant Gujarat Global Investors' Summit 2009 (VGGIS). The proposed projects are having a potential to generate around 1 lakh employment opportunities in the state, out of which contribution of Surat alone will be around 70-75%. According to sources in the government, number of memorandum of understanding MoUs for textiles would be around 40. http://www.textilereview.com/textile_news/12jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 Hike in minimum support prices (MSP) for cotton by 38% to 48% has imposed a burden of Rs 2,500 crore to Rs 3,500 crore on the central government, said Shankarsinh Vaghela, union minister for textiles. He further said that recession would not force the government to retreat on the decision. Vaghela was speaking at a seminar organised by Cotton Corporation of India Ltd (CCI) in Rajkot on Sunday. Cotton production in the country, which was 179 lakh bales in 2003-04, is expected to reach a record level of 322 lakh bales in 2008-09. Keeping pace with the increase in cotton production in the country, Gujarat is expected to post two-fold increase in 2008-09 compared to its production in 2003-04 which was 50 lakh bales. Gujarat has emerged as the largest cotton producing state in the country having 34% of share in the total production of cotton. http://www.textilereview.com/textile_news/12jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 Expressing their disappointment over the government's second stimulus package announced on January 2, apparel exporters have sought further measures to boost the sector. "Garment exports have declined by 11.29% in November to $ 6.21 billion as compared to $ 7 billion in November 2007 but the government has done nothing to help the $ 10 billion apparel export sector," said, Rakesh Vaid, chairman of the Apparel Export Promotion Council (AEPC). http://www.textilereview.com/textile_news/10jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 Slump in demand coupled with higher input prices is taking its toll on textile companies of Gujarat. The demand for textiles and apparels in international market is not expected to grow in coming two years and so, the experts suggest that the industry should focus on domestic market.The domestic market is estimated to grow in double digits in the next four years. On the other hand, textile and apparel exports have come down due to fall in demand in international market. "Next two years will be bad for the textile industry and exports could fare badly. So, the textile industry in Gujarat will have to focus on domestic market. The domestic market, which is put at $30 billion, is likely to grow by a CAGR of around 10 per cent over the next four years. Last year, the market had grown by around 13 per cent," said advisor to Crisil, Sunil Parekh. "The economic slowdown has turned out to be beneficial for the textile industry in the state. Garment industry in the country would be the biggest lose r while the textile industry can diversify into niche markets. It can diversify into technical textiles, engineering textiles, furnishing textiles, hosiery textiles or the like," Parekh said, adding that the impact of the slowdown on textile sector would be lesser than the garment industry.Gujarat accounts for 12 per cent of India's total textile exports, estimated at $2.3 billion. The total size of the industry in the country was around $49 billion in 2006-07, with exports of $19.3 billion and domestic market of around $30 billion. Gujarat contributes 30 per cent of total fabric production in the organised sector and 40 per cent of the art silk fabric production. http://www.textilereview.com/textile_news/08jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 THE textiles and paper industries will see a fresh investment of Rs 10,000 crore in the state, the MoUs for which will be signed during the forthcoming Vibrant Gujarat summit, reports Himanshu Darji from Ahmedabad. It is learnt that Gujarat will have three new textiles parks in the near future. An announcement to this effect is expected after signing of the relevant memorandum of understanding during the investors summit. According to official sources, textiles and paper industries have ambitious plans of expansion in Gujarat, involving a total investment of over Rs 10,000 crore. http://www.textilereview.com/textile_news/05jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 The textiles and paper industries will see a fresh investment of Rs 10,000 crore in the state, the MoUs for which will be signed during the forthcoming Vibrant Gujarat summit. It is learnt that Gujarat will have three new textiles parks in the near future. An announcement to this effect is expected after signing of the relevant memorandum of understanding during the investors summit. http://www.textilereview.com/textile_news/05jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530 Tata Motor's dream small car Nano and the Canadian Bombardier's Metro train carriage are going to be the two star attractions at the mega exhibition planned as part of the Vibrant Gujarat Global Investors' Summit scheduled to be held in the Science City here on January 12 and 13. The mega exhibition, jointly organised by GIDC, CII and Index-B, will have 278 stalls, tableaux and theme pavilions on different sectors. The exhibition aims at giving a glimpse of the state's industrial develop-ment and the prospects of investment in various regions and sectors. According to GIDC sources, the exhibition will have stalls of leading companies that are present in Gujarat. http://www.textilereview.com/textile_news/05jan2009.htm Tue, 20 Jan 2009 15:00:17 +0530