The politics of Goods and Services Tax (GST) may take some more time to sort out, but its basic impact on textile industry can be analysed beforehand. ITJ sought opinions on GST?s impact on the textile industry. Current exemptions on certain goods to continue: Multiple exemptions exist under the present tax system ? the Centre has ~300 items exempted from central excise duty, while the States (together) have ~90 items exempted from VAT. These will be merged into a Final synchronised exemption list under the GST regime.

The 6th edition of Techtextil India Symposium, scheduled for September 8-9, 2016 at Holiday Inn, Mumbai, will highlight the prowess of technical textiles and nonwovens sectors across the globe. Several editions of the conference have been held over the past years in Frankfurt, India, Middle East and Russia. In India, the symposium has been the centre of discussions, deliberations and dialogues among the key stakeholders.

KARL MAYER, the technology and market leader offers perfect solutions for warp knitting, technical textiles and warp preparation for weaving. KARL MAYER will exhibit its latest innovations in two locations simultaneously, and simultaneously at an in-house exhibition at KARL MAYER (China) in Wujin. A free shuttle service will be available between the two locations.

Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.

Prospects of bamboo application in textiles cover a wide area and it has tremendous scope for the textile and apparel segments, opine P Senthilkumar, AN Sai Krishnan and C Prabakaran.

Application of textiles covers the entire spectrum of day to day clothing to the functional textiles. Application of new fibres in textiles will be prerequisite for the manufactures to diversify the product. Cellulose are produced from a renewable resource that is pulp from the trees which can be cultivated on the land. Cellulose offers wider variety like comfort, water absorbency.

Shri Vallabh Pittie Industries (SVP), a leader in polyester and cotton blended yarn, inaugurated its Rs 450 crore new textile plant in Jhalawar in Rajasthan. The plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acres of area. After inaugurating the plant recently, Rajasthan Chief Minister Vasundhara Raje said, “We are committed towards forging partnerships that promote manufacturing and create employment opportunities in Rajasthan.”

In a textile unit, performance in some areas often remain unreported and thus goes unnoticed by the top management. Such areas are discussed by S Srinivasan, Retired Director (Operation), Bhojraj Ind Plc.

Many textile mills in India operate with a slender margin and thus there is a dire need to control various relatively smaller costs in a competitive environment where selling price is determined largely by the market. The utilisation of raw material, energy, labour and machinery are critical and hence always reported in comparison to the industry norms.

Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.

The current global apparel market is estimated $1,100 billion with trade value of $700 billion. European Union is the largest consumer market, reaching $350 billion per annum, whilst China is the largest exporter with $288 billion. Leading countries such as EU, USA & Japan focus solely on highest value stages of textile and apparel value chain, that are designing, marketing & distribution. Meanwhile, the manufacturing activities are concentrated in India, China & other developing countries such as Bangladesh, Pakistan, Vietnam, Indonesia, etc.