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Textile Review Magazine India
 
Textile Review Magazine India
   

Textile Review Magazine India







VOL 3 ISSUE 4
APRIL 2008

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    EDITORIAL

In past, consumers were purchasing fabrics and garments were tailored as power individual requirements. Also, fabrics like Dhoti, Khes, Dupatta, Sarees etc. did not require garmenting.

Now, there is a perceptible change in the dress code of both men and women. Also "Fashion Design" of the garment is topmost in the mind of the consumers. The global trend of trade is also increasing rapidly in favour of garmenting. The ratio of textile and clothing trade in 1990 was about 50:50 while in 2002 it was 57:43 and in 2010, it is estimated at 69:31. If we have to achieve the export target of 50 Billion $ in 2010, our garmenting and made ups sectors will have to be developed rapidly.

 

Hence, powerloom industry now shall have to diversify its production pattern to cater fabrics required for garmenting.

The powerloom sector is the backbone of the Indian Textile Industry. The Government of India has initiated to bring all processes of the powerloom sector at one place. The Union Ministry of Textiles has taken some imaginative steps. It has initiated establishment of 'The Scheme for Integrated Textile Parks' (SITP). This will help scattered powerloom sector to bring all its operation at one place and help it establish its own foot-print in the export market. The Ministry envisaged establishment of 30 Parks across India. With the financial assistance of Rs. 40/- Crore under SITP for each park will help the entrepreneurs to trim down the cost of project other than plant & machinery by 35 to 40%. Similarly, with the benefits under TUFS of the Ministry of Textiles, Government of India for Plant & Machinery, the burden of repayment of interest on - the term loan availed by the entrepreneurs can also be trim down by 26 to 35%.

Thus, there will be direct gain of about 30-35% to the individual participating units on total cost of project, with the additional benefits of the cluster based strategy, which is huge support from the government side to an entrepreneurs to strengthen its business and capacity building the participating units to face the challenges.

The powerloom industry has the intrinsic strength not only to withstand but also to progress in post WTO regime. But, the industry has to modernise itself not only in machinery sector but also in adopting newer technology in manufacturing and to adopt newer marketing strategy etc. and also in development of new products.

The industry itself has to decide whether its future is "Bright" or "Bleak" in the post WTO regime.

Textile Review Magazine India
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"To make TEXTILE REVIEW a top slot Asia-centric magazine, reporting and interpreting global trends and developments in the field of Textile and Apparel industry with focus on Asia and zoom on developments in Indian subcontinent.