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Textile Industry: Locked down
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
Covid-19, Export Promotion Counci, Texprocil, Clothing Manufacturers Association Of India, Confederation Of Indian Textile Industry, T Rajkumar, Apparel Export Promotion Council, Sakthivel, International Monetary Fund, Kihak Sung, Cotton Yarn And Polyester, Garment, Rosctl, Amended Technology Upgradation Fund Scheme, Sanjay Vakharia
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When will uncertainty end
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
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COVID-19 hurts textile exporters
Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events
Textile, Clothing Exporters, Covid-19, Cotton Textiles Export Promotion Council, Cotton Yarn Exports, Market Week 2020, Texprocil, Ind-Texpo 2020, The Apparel Export Promotion Council, Woven Fabric, Artificial Filament Yarn, Slide Fasteners And Parts, Sewing Machines, Furniture, Bases And Covers
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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.
ATUFS, Arun Jaitley, Cotton Textiles Export Promotion Council, Apparel Export Promotion Council, HKL Magu, T T Limited, Yarn And Fabric, Elgi Equipments, Jairam Varadaraj, GHCL, Spykar Lifestyle, Arun Roongta, Texzone India, Aviation Turbine Fuel, Southern India Mills Association
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Boost for textiles exports
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
Textiles Exports, Arun Jaitley, Rahul Mehta, Clothing Manufacturers Association Of India, Ashok G Rajani, Apparel Export Promotion Council, Kavita Gupta, Textile Commissioner, The Ministry Of Textiles, Selvaraju, The Southern India Mills Association, Indian Apparel Industry, HKL Magu
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Pratibha bags top AEPC awards
Pratibha Syntex Ltd (Pratibha), a vertically integrated, sustainability oriented manufacturer of knitted textile products, announced that Apparel Export Promotion Council (AEPC) has bestowed it with prestigious Gold Trophy for Highest Global Exports 16-17 in the category of apparel exports above Rs 100 crore and up to Rs 500 crore and formidable Award for Environmental Sustainability during a programme held at New Delhi.
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Texprocess Pavilion adds value to Techtextil India
India’s technical textile market is estimated to reach Rs 1,16,217 crore by 2017-18, and the important feature at this year’s Techtextil India, to be held from September 13 to 15, 2017 at the Bombay Convention.
India’S Technical Textile Market, Texprocess Pavilion, Techtextil India, Texprocess, Nonwoven, VDMA, Elgar Straub, Clothing Manufacturers Association Of India, Apparel Export Promotion Council, Pavan Kapoor, Managing Director IIGM
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