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E-commerce fostering MSMEs growth
The fast-track upward growth trajectory of e-commerce platforms have made it clear how digital approach can potentially pave way for the rapid inclusion of MSMEs in the industry, says Vikas Gupta.
SIMA urges Indian govt to remove import duty on cotton
The Southern India Mills’ Association (SIMA) has fervently appealed to the Union Finance Minister to withdraw the cotton import duty, as the duty is severely hurting the global competitiveness of the Indian textile and clothing industry.
Tiruppur garment units request financial support
The garment manufacturers in Tiruppur and the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have appealed to the government for financial support as the units are shut for a month due to lockdown.
Credit availed by Indian textile firms decline 20%
As per the report by SIDBI-CRIF, the Indian textiles and apparels industry has availed credit of Rs 1620 billion as of December 2020. As on this date, the active loans stood at 426 thousand.
Will the sun shine on India’s technical textile sector?
India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
Automation: A stitch in time
In most sectors of textile manufacturing, automation is one major key to quality improvement and cost competitiveness. Early modernisation and technical developments in textiles concentrated on the automation of individual machines and their processes.
Time to upgrade shop floor
Automation helps textile machine builders to execute functions at various stages of production as yarn spinning, weaving, knitting, sewing, dyeing, etc. more precisely.
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