VOLUME 2 ISSUE 5
MAY 2007
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EDITORIAL
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CONTENTS
COVER STORY
FACE 2 FACE
TR EXCLUSIVE
ANALYSIS
MANAGEMENT STORY
REGULAR FEATURES
COVERSTORY
- Textile & Apparel Parks in India
- S. P. Verma , Dy. Director, Office of Textile Commissioner
This article penned by Shri S. P. Verma gives very functional and instructive details on Textile & Apparel Parks in India. The article is very elaborate because it covers points like need for new Textile Clusters/Parks, difference between the cluster parks and government run Industrial Estate, etc. Shri Verma says that-“The SITP fulfill the need of hour of the textiles & clothing industry in regard to the development of new textile clusters having all supported infrastructure facilities”. “There is need to install at least 90 thousands shuttle-less looms to achieve the visionary target of US$ 85 billion by 2010” he added.
FACE 2 FACE
EIGMEF Apparel Park “Positive frame of mind will definitely give good to outstanding results”
Raj Dugar
Managing Director, Designer Exports and Designer Apparels Pvt. Ltd.
 Shri Raj Dugar- Managing Director, Designer Exports and Designer Apparels Pvt. Ltd. is a B.Com (honors) graduate with specialization in economics. He also holds a post graduate degree in law from Calcutta University and a diploma in business management. He has been associated with the garment industry for the last 14 years and part of the garment association for last 11 years as its Secretary. His company is one of the leading garment exports from his region.
In an involved discussion Face2Face with TEXTILE REVIEW with Shri Raj Dugar, Managing Director- Designer Exports and Designer Apparels Pvt. Ltd. shares his views on SITP as well as about the company’s well reputed project Eigmef Apparel Park with TEXTILE REVIEW. He says that “Every new growth oriented initiative if taken with a positive frame of mind will definitely give good to outstanding results, depending upon the people who are conceptualizing and implementing the same”. “I am of strong belief that if implemented by right people with due integrity and confidence, this scheme can give outstanding results” he added.
TREXCLUSIVE
- Vraj Integrated Textile Park “There are no other Competitors to this park as this is the only park in Gujarat which provides maximum facilities”
- Vedprakash Chiripal
Chairman, Chiripal Group
Shri Vedprakash Chiripal, Chairman-Chiripal Group, has almost three decades of experience in the field of manufacturing, trading and export of various textiles. In fact, he is the main architect of Chiripal Group of Industries which is engaged in the areas of manufacturing and trading of textiles and Chiripal Group is one of the respected textile groups in India. Starting with only 12 power looms in a rented premise, Shri Chiripal today runs various processing and manufacturing units of textile products. His Group consists of Nova Petrochemicals Ltd, Chiripal Petrochemicals Ltd, Shanti Processors Ltd, Nandan Exim Limited and Vishal Fabrics Pvt. Ltd.
Today Chiripal Group is promoting a 94 acre exclusive park under SITP in the name and style of VRAJ INTEGRATED TEXTILE PARK LTD. The estimated project cost of over Rs. 100 crore, 40 per cent will be funded by the government, 20 per cent from the promoters and remaining from the financial institutions. Speaking to TEXTILE REVIEW in an exclusive interview Shri Vedprakash Chiripal observes that “The industry as a whole will get a boost through the extension to SITP Scheme”. “It should be extended all throughout the Eleventh Plan Period” he believes.
ANALYSIS
- Policy initiative for the promotion of Technical Textile manufacturer in Gujarat
- D.O. Shah
Joint Commissioner of Industries (Textile) Govt of Gujarat
This article updates the TEXTILE REVIEW readers with Policy initiative for the promotion of Technical Textile manufacturer in Gujarat. Gujarat is the leading Textile state in the country. Gujarat, being the largest producer of Cotton in the country, is also having the largest Manmade Filament Yarn base at Surat. Surat has also become the hub of Machine Embroidery activities in the recent past. With the open economy and fast changing world, another segment is gaining importance and momentum i.e. Technical or Industrial Textiles. Shri Shah observes that “Textile entrepreneurs have to think just differently from the regular commodity products and come out with novel products with innovative idea, marketing techniques and high profit margin”. He also expresses that “Technical textile is one of such new ideas with different application and Industrial use. Indian presence in Technical Textile area is relatively small at present, but considering the size of the country and a fast growing econom y coupled with diverse raw material base, it is expected that Technical Textiles in the country will emerge as new opportunities come around and grow at a significant rate during next 5 years” he express.
MANAGEMENT STORY
- Building employee commitment for effective practice of Corporate Social Responsibility
- Tapomoy Deb
Dy. General Manager-HR, Spentex Indsutries Ltd., New Delhi
This management article renovates the TEXTILE REVIEW readers with the sparkle detail on Building employee commitment for effective practice of Corporate Social Responsibility. Firms are social systems and have all round responsibility for the environment around them, for the best working practices, for their engagement in their local communities and for their recognition that brand names depend not only on quality, price and uniqueness but on how, cumulatively, they interact with firm’s workforce, society and environment. At length the writer concludes by saying that “Corporate social responsibility is not an option or a tagline or even restricted to mere regulatory compliance. But, firms are responsible for their ethical conduct of their operations and impact on stakeholders now and in the future. Firms that have committed employees can only deliver effective corporate social responsibility practices”. “This is possible when employees have values and visions which are aligned with those of the firm. This implies that good human resource management practices can assist firms in sensitizing employees towards ethical behavior in order to realize the true spirit of corporate social responsibility” he added.
NEWPROJECTS
A Special Feature on upcoming a new projects in textile sector has been introduced. This section provides information about:
- Adwaith Textile--setting up a home textiles facility at Kanniyur near Coimbatore (Tamil Nadu)
- Page Industries--implementing a major expansion programme in Bangalore.
- Guntur Sinning Mills - enhancing spindleage capacity from 14,400 units to 26,400 units at its Obulanaidupalem facility in Guntur district (Andhra Pradesh).
NEWSSNIPPETS
A regular feature covering news on the topics- Jindal Worldwide lines up Rs 225 cr expansion, VF Corp in talks with Wal-Mart for value denim play, Re hurts: Textile exports to US dip after long time, Kutch handicraft under threat from a weed, Texprocil voices concern over slow export growth, Century to open 25 retail stores in state soon, High cotton prices may make denim costlier Fabric prices may rise by 5%, A’bad apparel park set to roll: Union commerce ministry notifies the SEZ, paving way for over 50 cos to pump in investments, Now, Gokul Refoils Cottons on to Ginning Co looks at cashing in on High Bt Cotton Production, As exports dip, ministry asks textile firms to eye new mkts, Cotton by Century eyes Gulf for Exports, Textile body wants govt to check Re’s rise, RIL’s textile division to float Vimal Master Craftmen Forum, Sintex plans foray into France, Japan, Govt to set up three textile clusters in Tamil Nadu, World cotton consumption may set new peak this year, Kapila to set up textile park with Rs 550-cr investment, Garment industry picks up pace in Surat, Textile units shift from printing to embroidery, Donning New Robe: Govt weaves textile policy During Global Investors’ Summit-2007, 29 MoUs were Signed, Promising 1 lakh jobs in the Sector, Bombay Rayon Fashions to spend Rs 550 crore on expansion, retail, S P Apparels buys Natalia brand, Aarvee Denims to raise $20 million, Dwindling textile exports to US a concern, Surat Textile to publish audited accounts in 3 months, Arvind takes brand play to mid-priced women’s wear market, Bt cotton has impeccable safety recode: Expert, Import in woes prevail, cotton exports to china may not be high this year.
STATISTICS
A regular feature deals with the statistics covering:
- Production of Fabrics by different Textile Sub-Sector
- Progress of TUFS
- Exports of Textiles
- Plan outlay & Expenditure for Textiles & Textile Based Schemes in North East Region During 10th Plan (2002-07)
- Exports of Handicrafts
- Top 10 EU-25 Suppliers in Clothing
- Growth in the Powerloom sector
TEXTILE STOCKSCAN
Under the regular column, experts Dilip and Rushik Bhatt discuss about -Raymond Limited one of the leading textile apparel. Raymond gives total textile solution with fabric, apparel and woolen outwear. The company is the largest manufacturer of worsted suiting having capacity of 31 million meters. Raymond has joint ventured with UCO NV from Europe - the largest manufacturer of denim to produce ring denim, fashion & colour denim. It also collaborates with Gruppo Zambaiti from Italy to produce fine cotton and linen base shirting fabric. Apart from fabric Raymond has outstanding performance in tailored clothing like suits, jackets, trousers, jeans wear and shirts for all age group with well known brands like Manzoni, Park Avenue, ColorPlus, Parx, Be: and Zapp!. As far as financial performance is concern Raymond’s net sales figure stands at Rs. 297.25 Cr. which is down by 13.93% YoY and 17.11% QoQ. However the sales figure not much impressive, income from other sources and expenses tends positive for both YoY and QoQ performance. At the end of third quarter FY 06-07 Raymond achieved net sales of Rs. 936.46 Cr. and net profit of Rs.191.45 Cr. i.e. around 70% of total sales and 158% of net profit during whole FY 05-06. The recommendation from the analysts’ reads- “we believe in turnaround story of textile sector as whole and government support for the same will become positive factor for such a good company working for more than seven decades. Sentiment of the market going positive and current pricing of Rs. 334.25 also comfortable for trader as well as investor with 12 to 18 months target”. “We maintain “BUY” on short term target of Rs. 360 and above that we can see rocket movement in stock price upto Rs. 380 in few trading sessions” he added.
EXPORT TRADEINQUIRY
A regular feature.
CAREEROPPORTUNITIES
Career Opportunities - a profile of the National Institute of Fashion Technology, Bangalore.
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