Archive for January, 2010

Growth of Technical Textile Industry, associated with GDP

Thursday, January 28th, 2010

Latest news from China will be of great help to structure the policies for supporting the improvement of Indian technical textile industry. Reports show that Chinese GDP rose by 8.7% in year 2009 than that was there in the previous year, recent reports show. It growth in fourth quarter has been approx 10.7% in 2009.

Year after year development and growth for India, in 2009, has been forecasted at nearly 6.7%. The economic growth story about China featured in the global news states that China may get recognized as World’s second largest economy by the year 2010-11.

Association based by USA for Nonwoven Fabrics Industry (INDA,) expresses a linear structured relationship between the nonwoven industry growth and growth of GDP quantified by PPP, Purchasing Power Parity. If such hypothesis prevails effective for India, we are likely to get positive growth and development.

Since previous two months, various discussions are being lead among the leaders, that revels that existing rate of growth is not matching up anywhere with the lead expectations. This is encouraging the need for creating better understanding over the factors that directly affects the technical textile sector’s growth in India, emphasizing the relationship between the development of technical textile and nonwovens sector and economic growth of India.

Bangladesh, Organizing Textile Fair in India

Wednesday, January 27th, 2010

Dhaka, For the very first time, Textile fair is being organized by Bangladesh in four cities of India this year in the month of April, with the vision to raise bilateral trade volume.

Abdus Salam Murshedy, President BGMEA, Bangladesh Garment Manufacturers and Exporter Association said,Delhi, Hyderabad, Mumbai and Bangalore are the cities where textile fairs are likely to be organized.
AEPC (Apparel Export Promotion Council) led by state of India and Bangladesh trade body both have agreed to schedule such huge expositions, after the very recent visit of Sheikh Hasina, Prime Minister, to Delhi. High profile business delegations, which also had BGMEA representation, were included with her list of entourage.
Business and trade within 2 countries was under discussion while Hasina was on an official visit to the neighbor country during 10-14 January 2010.

Bangladesh will emphasize showcase of knit items, woven (shirts and basic trousers/pants) and sweaters in the textile fair.

‘Source India’, Highlighting Upcoming Indian Textile

Saturday, January 23rd, 2010

‘Source India’, International Reverse Seller Buyer Meet, is being scheduled at Grand Hyatt Mumbai on 28-29 January 2010, by the efforts of SRTEPC, Govt. of India. SRTEPC stands for The Synthetic and Rayon Textile Export Promotion Council, Textile Ministry. Expected visitors of the event are somewhere around 500 leading Indian garment exporters, all International and Indian retailers dealing in all brands of fashion and apparels accessories, 200 major global brands and retailers from all around India.

Aim of the event essentially is to promote man-made textile products from India in the global market specifically in the upcoming markets of Africa and Middle-East Asia. More than 300 senior owners, business executives, import companies Directors, from countries involved in imports like Egypt, UAE, Saudi Arabia, Algeria, Syria, Jordan, Morocco, Oman, Bahrain, Ethiopia are likely to join the event. Alongside, importers from Countries like Vietnam, Bangladesh, and Sri Lanka have also filed their registrations.

More than 100 synthetic textile product exporters dealing in yarns, fibers, home and technical textiles, fashion accessories, readymade garments, fabrics from centers like Surat, Delhi, Coimbatore, Mumbai, Punjab, Bhilwara, Ahmedabad, Rajasthan including brands like Grasim, Mayur, Reliance, Siyaram, Raymond, Garden and lot more fast growing small and medium sized exporters are expected to exhibit the event. Major senior decision making bodies and CEO’s from all these export houses are likely to attend Source in India.

NTC by India, expects higher returns from its asset sales

Thursday, January 21st, 2010

NTC, run by state is expecting to increase 40billion rupees from its asset sales in Indore, Kanpur and Mumbai, if real estate sector shows improvement, said the federal textiles minister.

Recent modernization of several mills has helped in acquiring approx 40.34billion rupees only through the assets sale that includes the amount of closed mills, said Dayanidhi Maran. He also added that yarn export heading towards China is set by NTC. Rita Menon, secretary at textile ministry said that we are keenly interesting in undertaking the asset sales just when the real estate sectors get better.
24 mills are being modernized by NTC by their own, while rest 16 is likely to be revived by joint ventures, she added.

Government is getting prompted by the improved demand of textile apparels and other products for spending more on modernizing and reviving shut textile units.

Around 20 percent additional funds are being allocated for textile industry India by the Ministry for FY11 that the number which was there previous year, said Menon.

Approx 45billion rupees are being allocated by India in its Textile sector during 2009/10, she added. We are expecting much hike in this, 20%increase has been already proposed.

She also expressed that the ministry was hoping no such negative results of Governmental economic stimulus measures.

During the previous annual budget 2% rate of interest subsidy has been extended by India on bank loans, being allotted to textile exporters, jewelry merchants and leather dealers. Governmental assistance is being given in the form of funding of 14billion rupees to technology up-gradation scheme to the textile firm.

Three Textile Mills Started Rolling After 28yrs

Wednesday, January 20th, 2010

Around 28 mills based on textile and home furnishing goods, considered as popular belt of Parel, Dadar and Lalbaug -Mumbai were shut around 3 decades back specifically due to the unrest labor that showed a reduction up 3lakhs workers of mills to absolutely scarcity. After 28 years of long wait, the three mills have been restarted by the NTC, National Textile Corporation, govt.-owned organization on 19th Jan 2010. Around 2,500workers have been employed including old and new ones.

The three restarted mills were inaugurated by the Minister of Textile, Dayanidhi Maran. India United Mill No 5, Podar Mills and Tata Mills have been modified and modernized at an estimated amount of Rs 73crores supported by equipment imports from Germany and US with the vision of producing 14million tones cloth and 12million kgs yarn on yearly basis.

As per Maran explanations, Mill’s revival was already an important issue under the agenda of 100 days arranged for NTC mills revival and was considered one of the major tasks even before the NTC, which is likely to get modernized with around 22mills all around the country. He said On 17 mills, work has already been accomplished and with rest, it will get through very soon

Complexes of the mills were being looked by real estate developers for constructing residential areas, shopping complexes and malls. Maran expressed it very clearly that land would not be sold, moreover, shut mills will again be started during the coming few months.

Approx 100acres of land for mills is still left with NCT with its possession at Mumbai center, current rate being about Rs 20,000/sq.ft which is coming to be Rs 6,000crores of the real estate. Nathuram, an old employee of the mill, started weeping at Poddar mills doors while being opened. I have worked here for a decade in the year 1982 before the strikes occurred and swept out us of homes and work.

Lakhs of workers passed away while waiting for the mills to get started again, some went extremely down the poverty line that feeling so neglected lead them towards dying without any support. The only left out hope is that our grandson would get support of working in these mills, he added.

UCMTF, French textile machinery presentation in India

Tuesday, January 19th, 2010

Another edition of seminar is under planning to be organized in India by collaborated efforts of the French Trade Commission of French Embassy, Ubifrance and French Association of Textile Machinery Manufacturers (UCMTF).

Ludhiana and Mumbai are the targeted destinations for the seminar to be arranged on 20th and 22nd April 2010 respectively.

Specifically for identifying the Indian associates and partners for the seminar Ms Florence Zuber, Ubifrance representative, Ms Brinder Rault, Advisor for Trade at French Trade Commission of French Embassy at India and Ms Evelyne Cholet, UCMTF representative have planned meetings with variety of Indian organizations and schedules for the same have been mentioned below:

1st and 2nd February: Mumbai
3rd February: Chandigarh
3rd and 4th February: Ludhiana
5th February: Delhi

Special meetings with the journals and magazines are also being arranged during the course of this trip. Date mentioned for the same is 2nd Feb, Tuesday at Mumbai city and 2th February, Friday 2010, 10am at French Trade Commission in Delhi.

A foothold firm has been established by the French textile Machinery Manufacturers for the International Markets. France, basically, is the 3rd largest textile machinery exporter in Europe and holds sixth position in the world. It has been chosen for partnership by hundred or more countries to whom approx 90% of the national production is being exported. Actually they are a group of companies whose joint efforts resulted in development of UCMTF (French Association of Textile Machinery Manufacturers), private professional association, years ago. The aim of this association is to promote French companies and machines. UCMTF is acting as a nourishing force for competence, professionalism, creativity and dynamism of the member companies.

Established French companies are willing to ensure their leadership standards on the International fronts of textile sector. They are willing to expand themselves in textile market with high targeted manufacturing processes and products.

French textile machinery industry is making specialized progress in below mentioned sectors:
- Long Fiber spinning machines
- Spinning preparation machines
- Non-woven manufacturing lines and cards
- Fiber blending machines
- Fiber opening
- Textile waste recovery processes

India, dominating at largest textile furnishing fair

Monday, January 18th, 2010

Frankfurt, In spite of all uncertainties still capturing the home textile industry around the world with low leveled employment and demand in various traditional and international markets, India is dominating the Frankfurt’s Heimtextil fair- largest fair in the world for home furnishing products- by representing biggest exhibitor from all over the world.

The show is being dominated by India in sheer numbers, more than 385 exhibitors have surpassed, and Germany exhibitors have been 381 in number, being host country for decades has presented extreme numbers of exhibitors so far. With 380 exhibitors, China took the very 3rd position, though it was predicated by few experts from Germany that in future events, China would overtake this figure over India.

Ajit Kumar, an elated Indian consul generally at Frankfurt, expressed superiority of Indian numerical at the fair as a sign of forward march of India in the textile industry.

Few of the Indian textile exports to the country Germany includes wool, raw material, man-made fiber, silk, raw silk, cotton, yarn and many more products.

Few exhibitors from India expressed about some lukewarm response during the show time, on the whole the mood of exhibiting companies from India was extremely better that what was there during 2009 when the entire world was arrested in the clutches of horrifying economic crises reducing the demands.

Detlef Braun, Managing director at Messe Frankfulr GmbH, organizer of Heimtextil show, explained about the overall positive mood prevailing within the show that reflected that major participants were delighted by their performance.

From India and China both, large amount of exhibitors were present who gave testimony to the great mood of suppliers during the event. India is said to be an important market for all. Braun said, it is one of the promising markets in the world.

Textile sector seeking revenue for TUFS

Saturday, January 16th, 2010

Union Budget amount Rs 4,500crors is being allocated by the textile industry for TUFS, Technology Upgradation Fund Scheme.

According to CITI, Confederation of Indian Textile Industry, an estimated amount of Rs 1,500crore is needed for meeting the backlog held during July-December 2009. Similarly for January-December 2010, approx Rs 3,000crores is required to feed the gap.

Approximately Rs 3,140cores has been earmarked by the Union Government for this budgeted year and backlogs by TUFS were settled by this amount up till June end 2009.

It was reported by an official of Textile Commissioner that around Rs 129crores have been released recently by the Textile Union Ministry and Rs 180crores were under processing. The Textile Commissioner officials had approached banks for submitting relevant details of the TUFS assistance that should be paid off for the quarter September.

According to CITI’s Secretary General, D.K Nair, machinery and investment orders in the sector are on the stages of revival.

J. Thulasidharan, Chairman of the Southern India Mill’s Association explained that the planning for modernization as well as expansion was on the cards for units still the project was delayed because of the hit by global recession that lead to slowdown in investments for trade/exports.

Heimtextile India revives Home Textile Industry

Wednesday, January 13th, 2010

Trade fair, Heimtextile, in India is showing tremendous success at home textile front and exhibitors are getting successful business at weak markets even, latest event progress expresses.

Economic revival at the textile sector is being indicated, Heimtextile India is likely to get flourishing platform for trade for both international as well as Indian visitors and manufactures from 11th 13th October, 2010 at Mumbai, Bombay Exhibition Centre, East Goregaon. The effect of global meltdown has resulted in shutting of shops by many home furnishing dealers and manufacturers. However, a glimpse of hope is there for global textile sector to take up a positive turn.

Industry reports show that the global home textile business amounting $10billion is likely to move on growth up to $23billion by the year 2010. Since few months back, exporters of the home textile industry are visualizing 15-20%hike in the volumes from EU and US. Higher profit margins are being offered by both markets. Indian textile exporters are taking up more advantage of the prevailing situations that are rejuvenating the textile trade. Heimtextile India, at this point, is offering professional meeting space for the entire sector.

During the Inauguration of Heimtextile in 2009, Commissioner of the Textile Ministry, Mr. A.B Joshi explained, Presentation and the quality at Heimtextile India has immensely impressed us. Buyers from all over the world have been observed by us. The entire event is showing success imprints and might be seen as our country’s milestone. Textile ministry is supporting Messe Frankfurt India completely for their efforts of encouragement of high class end events in Mumbai.

Integrated Textile Parks Scheme and TUFS, Technology Up-gradation Scheme, such policies are being allocated by new Indian budget. Modernization and good investments are being expected through them. Mr. Dayanidhi Maran, Union Textile Minister, has proposed budgest to the textile sector with the purpose of growth and development, which are likely to result in economic revival, agriculurre development, infrastructural development and export expansion and restoration.

Revival in Textile Industry

Monday, January 11th, 2010

Textile Industry of India is showing enhanced performance, in both imports and exports, expressed Dayanidhi Maran through the state of the fiscal within April-November, highlighting the economic revival.
Growth rate in the cloth production has been raised by 10.8%, 11.8% for yarn and 21.3% for man-made fiber. This is a recorded statement during the eighth month of the year.

After focusing a decline of more than 21.8% during the first 3 months of 2009-2010, as a result of economic slowdown affecting global market, exports of textile have been raised in a positive way since the month of July. 2.92% increase has been noticed.

Improvement is revealed by the textile firm’s Balance sheets recorded in September.

Approx 19.7% sales growth has been posted by weaving companies, 8.9% in spinning sector, 15.7% by man-made fiber sector and 14.2% readymade garment sector.

According to Maran, exporters have not been refunded with local taxes as yet which have reduced their competitiveness within the global markets.

Rita Menon, Secretary of the Textile Ministry, explained that the skill development scheme introduced and developed by Ministry of Textile, has already gained approval by the Planning Commission and is likely to get into action from the coming fiscal.

Skill development scheme has been developed by the textile minister with extensively high private-public partnership content.