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In the doldrums!
Indian apparel businesses could face up to 40 per cent loss of revenue and many smaller players are contemplating closure.
Textile industry is looking at digitisation as an enabler for quality improvement
B&R is an innovative automation company with headquarters in Austria and offices all around the world. As a global leader in industrial automation, B&R combines state-of-the-art technology with advanced engineering to provide customers in virtually every industry with complete solutions for machine and factory automation, motion control, HMI and integrated safety technology.
Textile bodies appeal for status quo on energy policies in TN
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
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.
Digital platform launched for Indian MSME exporters
A digital platform for exporters in the micro, small and medium enterprises (MSME) industry has been launched by Indian Commerce and Industry Minister Suresh Prabhu. The interesting idea for such a platform was given by the Federation of Indian Export Organisations (FIEO). FIEO GlobalLinker will help MSMEs to digitise their businesses.
Good in part!
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Giriraj Singh is new MSME minister
Giriraj Singh, who represents Nawada (Bihar) Parliamentary constituency in the 16th Lok Sabha, has taken charge as Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSMEs).
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