Category: Cover Story

The Year 2017 – A mixed bag for Indian textile & clothing industry

Textiles sector is one of the oldest industries in Indian economy dating back several centuries. Even today, textiles sector is one of the largest contributors to India’s exports with approximately 13 per cent of total exports. The textiles industry is also labour intensive and is one of the largest employers. The textile industry has two broad segments. First, the unorganised sector consists of handloom, handicrafts and sericulture, which are operated on a small scale and through traditional tools and methods. The second is the organised sector consisting of spinning, apparel and garments segment which apply modern machinery and techniques...

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Union Budget 2018-19 to boost textile and clothing exports

The much-awaited Union Budget 2018-19, was presented by the Union Finance Minister of India, Arun Jaitely in the Parliament recently. Textile and apparel industry was hoping for some good announcements as this sector is claimed to be the most affected ones due to Demonetisation and GST implementation and the Budget has not disappointed them. In fact many of the apparel and textiles associations heads in India have termed this year’s Budget as positive, pragmatic, and growth oriented for the industry. Given below are the reactions of the leading apparel and textile associations in India over the same. The Union...

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Seiko Epson Corp. Having aggressive plans for Monna Lisa

Italy’s capital city of the industrial district, centre of excellence for high-quality fabric printing and recently at the forefront in the development of the digital textile industry, Como recently hosted the Epson Textile R-Evolution event, organised on the 20-21, November by Epson together with F.lli Robustelli and For.Tex. The event focused on present and future of digital textile printing, a sector in which Como has played a fundamental role thanks to local companies acting as experimental laboratories for the most innovative technologies to develop the worldwide trend. It provided attendees an opportunity to find out about Epson’s commitment, objectives...

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Technology Investments in Apparel industry Getting Back On Track after lots of ups & down

The textile sector is one of the largest contributors to India’s exports, accounting for approximately 11 per cent of the total outbound shipments. India’s overall textile export is expected to reach $223 bn by 2021. The textile machinery manufacturing section is one of the important segments of the industry in India. Global textile machinery market is witnessing tremendous growth buoyed by growing demand of textile and apparel market. It is forecasted to grow at a CAGR of 14.02 per cent till 2018. The major manufacturers of textile machinery are Germany, Italy, Japan, Switzerland, France and China. One of the...

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Indian Yarn & Fabric industry Optimistic about future growth

The textile industry is the largest industry of modern India. The industry accounts for 14 per cent of the total industrial production, contributes to nearly 30 per cent of the total exports and is the second largest employment generator after agriculture. Our economy is largely dependent on the textile manufacturing and trade in addition to other major industries. About 27 per cent of the foreign exchange earnings are on account of export of textiles and clothing alone. Around 8 per cent of the total excise revenue collection is contributed by the textile industry. So much so, the textile industry...

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