Budget measures like corporate tax cut for MSMEs, plan to set up 100 international skill centres, and support to cluster approach for contract farming have brought cheer to the textile industry. An ITJ Report on the pros and cons of the Budget 2017-18.
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Gujarat, which has long been a hub for premium cotton for textile mills in Tamil Nadu, in the wake of increased adulteration with substances like comber noil and other cotton waste by Gujarat?s ginners, has drastically cut back their cotton procurement.
The Union Textile Ministry has announced unique terms and conditions for procuring fully pressed cotton bales from Cotton Corporation of India (CCI) for the benefit of MSME textile units.
Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.
SITRA, at its recently-held Annual General Body Meeting that was held on September 30, 2016, reconstituted its governing body – The Council of Administration. Dr KV Srinivasan, Managing Director, Premier Mills Pvt Ltd, Coimbatore was elected as the Chairman of the Council of Administration. Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works Ltd, Coimbatore was elected as Vice-Chairman of the Council of Administration.
Sri Lakshmi Fire Controls was founded in 2012 by AS Venkat Krishna, who is well experienced in fire protection field. Sri Lakshmi Fire Controls has a technical collaboration with German-based GreCon, a leader in fire protection system with more than 2,00,000 successful installations around the globe. AS Venkat Krishna, Chief Executive Officer, Sri Lakshmi Fire Controls, spoke to The Indian Textile Journal in an exclusive interview.