Mumbai: Rupee gets appreciation in comparison to other currencies like euro and US dollar and rising prices of raw material, have resulted in hitting the slow-down of textile sector which is still hanging up with a thread.

More than half of the apparel and textile exports of India are heading towards European and US countries and the raise in rupees has resulted in increasing the targets and profit margins of the exporters.

Rupee kept on ruling high at 61.76 to Euro and 44.97 to dollar on 29th March when foreign currency was on increased flow in the equity market. Domestic currency has been appreciated nearly by 14.5% in comparison to euro and more than 5% in dollar during the previous 5 months.

Adding on to the troubles of textile sector, rates of yarn and cotton have been raised up to 20-25% within the previous 6 months on increase in textile exports to China, Korea and Bangladesh and speculative commodity future trading.

Prices of cotton have been raised to Rs. 27,800, over by 20% a candy or 355.55kgs during March 2010, which was Rs. 23,200 per candy during July 2009. Prices for yarn have been raised by 25% to Rs 174 per kg in comparison to Rs 140 per kg within the same period.

SURAT: Workshop on latest opportunities in textile sector for upcoming women entrepreneur is likely to be held on 26th March 2010 at SGCCI, South Gujarat Chamber of Commerce and Industries.

Joint textile commissioner at the Ministry of Textile, Rashi Singh, will be attending the occasion. The main speaker at the event is the general manager at district industrial center and joint industries commissioner, Mr. Dhaval Parikh.

Workshop is being scheduled by joint efforts of the Federation of Indian Chamber of Commerce and SGCCI, duly supported by Ministry of Textile, central government.

After helping the components cluster and brassparts at Jamnagar along Rajkot’s engineering clusters, EDI, Entrepreneurship Development Institute of India, at Ahmedabad is providing assistance to revive textile machine clusters of Surat, Surendranagar and Ahmedabad and engineering clusters of Vadodara.

Accomplishment of components clusters and bassparts at Jamnagar, Gujarat, is being followed by EDI’s enforcement of strategies to revive the engineering cluster In Baroda and even the textile machine clusters at Surat, Surendranagar and Ahmedabad. Even the handloom and handicrafts clusters are being put on tactical trail all around the nation by the institute, Yogesh Agrawal (IDBI Bank Ltd Chairman and EDI President) said, during the 11th Convocation of PGDMBE, Post Graduate Diploma in Management- Business Entrepreneurship and Post Graduate Diploma in Management of NGO’s.

As Convocation’s chief guest, Chairman at UB Group, Vijay Mallya said,If some bigger companies like Airtel and Reliance would be considered, best entrepreneur spirit can be easily located behind it. Spirit of Entrepreneurship only resulted in the development of Microsoft, a company by college dropouts yet extremely successful.

Surat: In the history of SGCCI, Southern Gujarat Chamber of Commerce and Industry, for the very first time, ‘Udyog-2010’, industrial exhibition was arranged at lately constructed SIECC, Surat International Exhibition and Convention Centre. Business turnover of some Rs 250crore has been registered within the previous five days period.

Udyog-2010, biannual mega event of SGCCI, going since seven years, is being regarded as a huge industrial exhibition of the country offering an excellent platform for exploring more business potentials in engineering and textile sectors. The focus position of this year’s exhibition was to promote growth and development of embroidery and manmade textile industries by establishing cutting edge means and technology.

High tech machineries for embroidery were on display especially those from US, Switzerland, China, Korea and Taiwan along with cutting edge technical equipments in contemporary textile ancillary products and machines for water-jet and few more engineering equipments. Huge response has been received for the SIECC’s Udyog-2010 majorly from Surat’s business community. Visitors are there from all around, across the city and from Maharashtra, Punjab and Delhi etc., said the SGCCI President, Nilesh Mandlewala.

Mandlewala, at SIECC’s closing ceremony, said, Success and importance to Udjog-2010 is resulting from the fact that it can be considered a show by the people and of the people. Since previous 5 days time duration, around 65,000 and more people visited the event.

Around 250 companies from finance, tourism, banking, textile, government, engineering, information technology, corporate, textile ancillary products, instrumentation and electronic sector from states like Mumbai, Navasari, Kohlapur, Surat, Rajkot, Pune, Bangalore, Ludhiana, Bharuch, Silvassa and Vadodara took part.

Chairman of exhibition committee of SGCCI, Paresh Patel said, Udyog-2010 and its success are far beyond what we expected. Even low grade exhibitors have got benefited with an average turnover of Rs 1.5crore of business within the previous 5 days time. SIECC is approx 7kms distant from the city, the result of which can be seen in the form of genuine buyers only at the exhibition from embroidery, engineering and textile sectors.