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Plain Vanilla will not work in 2020
India’s textile sector is under stress with 2019 turning out to be a challenging year. The country’s exports of textile and apparel declined by 4.3 per cent to $22 billion in the first seven months of FY2020 (April-November). While cotton yarn was a major casualty with 37 per cent decline (whereby exports to China alone halved), growth of apparel exports continued to be anemic.
Robust spinning segment raises machinery output
The production of the textile engineering industry (TEI) during 2016-17 recorded a nominal increase of 1 per cent to `6,650 crore as against `6,580 crore achieved during the previous year, mainly due the substantial increase in production of spinning machinery. Spinning machinery sector is expected to raise their production further during 2017-18.
Prospects, challenges and remedies of TEI industry
The Indian Textile Engineering Industry (TEI) is more than 100 years old with an illustrious history of achievements, including manufacture of advanced spinning machinery, power looms, weaving preparatory machines, finishing and dyeing machines, etc. It has also made a mark in the world specially in the field of export of accessories which amount to nearly two-third of last year?s export of about Rs 2,600 crore.
ITAMMA´s seminar on govt schemes
S Senthilkumar, President, ITAMMA in his welcome speech mentioned that Government of India has recently proposed a drive in favour of indigenous manufacturing and taking several policy decisions to make its ´Make in India´ campaign successful; where changes have been made in import and export duty structures as well as excise and other areas which will help the textile engineering industry to make the business at ease.
Weaving new hopes in production, export fronts
Began as an offshoot of the textile industry, the Indian textile machinery industry, today, is reckoned as one of the largest sectors in the country. The roots of the textile engineering industry (TEI)
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