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Budget 2020 FOCUS ON GROWTH!
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
Industry must adopt automation at all stages
The calendar year 2018 had been one of the most challenging years for the textile industry due to the impact of GST on the MSME sector (especially on the textile hubs like Surat, Bhiwandi, Ludhiana, Erode and many others), higher raw material prices, severe liquidity crisis post Punjab National Bank scam and subdued fabric demand.
Industry 4.0 is not a choice, but necessity
The Textile Association of India (TAI), Mumbai Unit organised International Textile Conference on “Textile 4.0 – Global and Indian Perspective” on March 22-23, 2018 at Hotel The Lalit, Mumbai.
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.
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.
A.T.E.-Savio Customer Days
AT.E. and Savio Macchine Tessili, Italy, recently organised a series of ´Customer Days´ across India, to announce the tie-up between the two companies. A.T.E. has become the sole selling agent for Savio´s automatic winders and TFOs in India from April 1, 2016.
A.T.E.-Savio organise Customer Days across India
The ‘Customer Days’ were held at three places in the first phase – Ahmedabad on April 26, Rajkot on April 27, and Coimbatore on April 30. AT.E. and Savio Macchine Tessili, Italy, recently organised a series of ‘Customer Days’ across India, to announce the tie-up between the two companies. A.T.E. has become the sole selling agent for Savio’s automatic winders and TFOs in India from April 1, 2016.
Europe still dominates in textile technology, but India is no laggard. It has created its own niche. With 158 exhibitors at the present ITMA 2015, Indian textile machinery and spares industry has come a long way to spread its wings since 1975 when at the same Milan, India fielded a lone exhibitor. An ITJ Report previews the current scenario.