In 2017-18, world cotton production is projected to increase by 8 per cent to 24.9 million tonne while the global cotton consumption is forecast to rise by 2 per cent to 25 million tonne.
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India is changing its colour from traditions to fashion and textile and apparel industry is the best observer to witness the same. We are growing and expanding to be precise we are developing beyond boundaries. From a country once considered only as a farmers land. India today has explored and is competing in each and every segment from textiles to electronics, our presence is dominant everywhere.
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.
Replying to the questions from the ITJ, Persistence Market Research Report says that textiles and apparel industry growth is strongly linked to the overall global economic growth. Excerpts from the interview.
Why India is still a laggard in textile export while countries like Vietnam and Bangladesh are making strides?
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.
The cup of cappuccino on a winter’s day, NILIT Heat nylon yarn from Nilit, made with coffee charcoal, warms wearers from the inside out. Wearers enjoy a comfortable sweat-free sensation due to the excellent absorption and moisture management provided by the yarns.
Yarn Expo Spring concluded its 2017 edition, held at the National Exhibition and Convention Center (Shanghai) with high satisfaction from both exhibitors and buyers. Delighted with the results, Senior General Manager of Messe Frankfurt (HK) Ltd Wendy Wen commented: “This edition we have seen a noticeable increase in the optimism of our exhibitors about the market situation in the coming year, so we are excited about what the year holds for the industry.