Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
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The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
´The Textile Upgradation Fund Scheme (TUFS) is an interest subsidy scheme for upgradation of technology as part of measures to boost textile and jute sectors. Some say it is now plagued by issues including non-allocation of subsidy and delayed reimbursement´.
Karl Mayer holds the title of being the market and technology leader and will be travelling, as always, to ITMA, after having made the best preparations ever. Karl Mayer is aiming to show seven new warp knitting machines in Milan, as well as new warp-knitted textiles, ideas for the after-sales sector and innovative warp preparation solutions ´ all under the company´s motto of ´We care about your future´.
Medical community and healthcare markets have much to gain by the growth of technical textiles industry, and India has only seen the tip of this vast potential for the domestic as well as global market, finds the Editor of The ITJ, reporting on an ITTA-organised seminar in Mumbai recently.
Medical community and healthcare markets have much to gain by the growth of technical textiles industry, and India has only seen the tip of this vast potential for the domestic as well as global market, finds the Editor of The ITJ, reporting on an ITTA-organised seminar in Mumbai recently.