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Exporters WALKING a tightrope!
India’s textile exporters are finding their competitive edge getting blunt and profit margin thinner, thanks to a weak dollar, demonetisation after-effect and stiff competition from new textile nations. An Exclusive ITJ Report.
GWRL and Israel’s Aero–T ink MoU
GWRL has announced the signing of an MoU with Israel’s Aero-T showing intention to combine their capability for manufacturing and supply of advanced aerostats for Indian Defence.
An MoU between GWRL and Aero-T envisages intention of the parties to establish future co-operation between both companies to facilitate a fully indigenised development, production, delivery and maintenance support for advanced aerostats required for both military and civilian use.
Raga Tex hints at entering new segment
Raga Tex, was launched in 1996 as a proprietorship concern by a young lady entrepreneur Thiurmagal, ably assisted by her doctor husband Dr Bharathi Muthurathinam. “It appears that many big retailers abroad, either have already done, are planning to open shop, in India. We should therefore have plans to start investing in brand building and product promotion, within India”, says G Shekar, Executive Director, Raga Tex India Private Limited, in an interview with ITJ Senior Editor Karthik Muthuveeran.
Ken exports grey fabrics to over 15 countries
“Being based in Ichalkaranji has a lot of advantages and also some challenges. The availability of the latest state-of-the-art weaving machines, warping and sizing facilities, etc. augur well for large scale outsourcing. The biggest challenge though is that the present work culture and ethic, which is very mediocre and getting them to work on export based orders, faster turn-around-times gets very testing,” says Nikunj Bagdia, Managing Director, Ken Enterprises Pvt Ltd,
Housing boom spurs home textiles market
There was a time when home textiles were purchased only during the festivals in India. But this story was 20 years ago! Thanks to the growth of retailing and increase in purchasing power, home textiles market in India is transforming. An ITJ Exclusive Report delves into this transformation.
Our products are Industry 4.0 ready: Muthusekkar
A100-per cent subsidiary of Getriebebau Nord, NORD Drivesystems Pvt Ltd opened a world-class 13,300 m² factory in Pune in 2008, after it established a sales branch in 2005. The company’s Pune plant has enabled it to provide quicker and comprehensive sales and customer service in India and all over the subcontinent.
GST Plus Outweighs Minus!
The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.