MARKET & ECONOMY
The Telangana State Government will frame a new policy aimed at development of the textile industry in the State.While the state produces around 60 lakh bales of cotton annually, only about 10 lakh bales are consumed within the State. The new textile policy will aim to increase cotton consumption within the state.
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has proposed to set up a Rs 800 crore state-of-the art textile processing cluster housing about 100 dyeing and printing mills in Surat district and has approached the central government for 50 per cent funding. The total project cost for the cluster is pegged at Rs 800 crore. The SGCCI is eyeing 50 per cent grant from the Central Government and 25 per cent each from the State Government and the industry, according to a newspaper report.
The Government of India has recently announced a scheme targeting at its garment export to reach $30 billion in three years. Prime Minister Modi’s government recently unveiled a scheme with an annual outlay of about (Rs 6,000 crore that will enable the country to reach $30 billion in garment export in three years. The scheme is labour friendly and empowers women and underpriviledged working in the garment and allied sectors. In three years, the initiative is expected to attract additional investments worth $11 billion and will provide 10 million new jobs.
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
S anjay K Jain, Managing Director, TT Limited, was elected as President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. NITMA elected its new leadership team in its AGM held on July 15, 2016 at New Delhi. Rajiv Garg, MD of Garg Acrylics was elected as Sr VP and Manish Bagrodia was elected as Vice President. Hardyal Singh Cheema, the outgoing president, handed over the baton to the new team.
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 Swiss textile machinery industry is strongly export-oriented and has a presence with its own companies, sales and service organisations in all the world’s key markets. Cornelia Buchwalder, Secretary General, Swissmem, speaks about the response to Swiss textile machinery globally post ITMA and how the Swiss textile machinery industry has been faring in India since the beginning of 2016.
Weavers are facing increasing demands in terms of quality fabrics, flexibility and delivery deadlines. In response the complete production workflow has to be optimised. Stäubli is providing an extensive machinery range supporting mills to accomplish this challenge during the weaving preparation and the weaving process. With warp drawing-in and warp tying machinery as well as shedding solutions for frame weaving (cam motion and dobbies), and Jacquard machines, Stäubli offers equipment for modern weaving mills seeking for reliable, long-life machinery allowing smooth workflows even at highest speeds and with a minimum of maintenance.
With USTER® TESTER 6, the industry-standard laboratory system transforms into a complete quality management tool for the whole spinning mill. The new USTER® TESTER 6 has all the accuracy and power spinning mills have come to expect from this renowned laboratory instrument family. But its ability to integrate data from other quality measurement sources creates a true Total Testing Center, analysing every spinning mill process with practical guidance on both quality and wider mill management issues.