Established in October 2000, Zenith Industrial Products (ZIP) is one of the leading manufacturers and suppliers of industrial fasteners in India. ZIP serves more than 150 companies of various fields across India. It provides fasteners for light to heavy engineering industries, electrical & electronics, telecom, automobiles, fertilisers & chemicals, hydrualics & pneumatics, aeronautics, to name a few. The company has developed some C/F, H/F & turned process industrial fasteners items as per IS, BS, JIS, DIN & ISO standard reference. Threads include: BSW, BSF, UNC, UNF, BSP, BSPT, NPT, from size 4 to 12. NC/NF threads and self tapping 2-14 diameter threads.

Founded in 2012, AUTOTECH Nonwovens is a leading manufacturer of nonwoven fabrics for the automotive industry in India. AUTOTECH Nonwovens was set up recognising the need for a focused high quality nonwovens producer in India. AUTOTECH has carved a niche for itself as a manufacturer of choice for needlepunched nonwovens in India. Ankit Desai, Director, AUTOTECH Nonwovens, speaks to ITJ’s Sr Sub Editor Karthik Muthuveeran about the market for nonwovens in India, and its prospects and problems.

India and Turkey have their own advantages & disadvantages, says Raj Tilgul of Rama Dis Tic. ve Danismanlik Ltd, in an in-depth SWOT analysis of these two most important textile countries.
India and Turkey are one of the major textile producing and trading countries in the world. There is always a clash of interest as to who is going to export to whom and when, as Turkey is one way a competitor to India and on the other hand a buyer as well. Below is a detailed SWOT analysis and recommendations to both the countries or their trade associations in order to smoothen and develop sustainable trade relations.

The WTO has launched a new World Trade Outlook Indicator (WTOI) designed to provide ‘real-time’ information on trends in global trade. The WTOI was unveiled in Shanghai, China recently, ahead of a meeting of G20 trade ministers. Combining a variety of trade-related indices, WTOI is designed to give an early signal of the current direction of world trade and where it is likely to go in the near future. In this way the WTOI should signal turning points in world merchandise trade volume. It complements existing tools such as the WTO’s longer-term trade forecasts, and other statistical releases. WTOI gives a headline figure to show performance against trend.

With the referendum to quit European Union, the impact on India’s textiles export to Great Britain will be minimal although it is a major market for apparels made in India. However, there could be initial turmoil due to structural changes and fresh negotiations being finalised. In perspective, EU imported textiles worth $235 billion in 2015 from the world. Of this, UK accounted for 15 per cent or $35 billion. Thus, the country is one of the largest markets for textiles including fibres, yarns, fabrics, apparels and other textile products. However, it is not a major supplier of this industry and thus will have negligible impact on sourcing.

The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth.

To spur this economic growth, The Ffuture Events-a leading Event & PR Management & Advertising House of Kolkata-in association with Freeman Apparel & Lifestyle plans to organise ‘Fashion Mega Trade Fair 2016’, which is a three-day event to be held from December 9 to 11, 2016 at Milan Mela Ground in Kolkata, India.

The dynamics of the global garment and apparel industry have changed considerably in the last decade. The industry is shifting from China, the world’s largest clothing exporter, towards developing regions like South Asia and other emerging markets. Increasing wages in China have led international brands to focus their energies on, and seek alternatives in countries like Bangladesh, India, Pakistan and Sri Lanka.

Indian producers of purified terephthalic acid (PTA), a key raw material for manufacturing polyester chips, have cause for cheer with the Finance Ministry imposing definitive anti-dumping duty (ADD) on its imports from China, Iran, Taiwan, Indonesia and Malaysia. This Revenue Department move-which came less than a month after the recommendation of the designated authority in the Commerce Ministry-is expected to come as a relief for Reliance Industries and Indian Oil Corporation Ltd (IOCL).

The fight for survival of the once well-known name in stitching suits—S Kumars—has come to an end at the High Court, which has ordered its closure. The Bombay High Court has ordered liquidation of S Kumars’ nationwide assets and ordered the banks to appoint an official liquidator to recover debt. The company owes Rs 4,500 crore to 134 banks, including State Bank of India and ICICI Bank, and other financial institutions.

Passing the judgment on July 1, Justice BP Colabawalla gave four weeks’ time for the company to appeal against the order, and in the meanwhile, directed the banks to appoint the official liquidator to take charge of all the assets, properties, stock-in-trade, books of accounts and bank accounts of the company.