Fong’s, Monforts Fong’s, Xorella, THEN, Goller, FWT and Monforts are the leading brands under CHTC FONG’s Industries, and also the renowned labels in the global textile industry. The CHTC FONG’s Group is proud to present the ‘one-stop’ sustainable solution in dyeing and finishing range of pre-treatment, dyeing, post-treatment and waste water treatment at ITMA ASIA+CITME 2016 in Hall 6, C01, National Exhibition and Conventional Center, Shanghai, China from October 21-25.
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In India, the textile industry is the second largest sector, next only to agriculture in terms of its contribution to income (GDP) and employment of the nation. For centuries, it is evolving in process of production, varieties and quality of products and technological progress and cost effectiveness. From the stage of raw cotton to final products, the industry have processes like ginning, spinning, weaving, dyeing and processing and garmenting.
Tamil Nadu Government has offered to bear 50 per cent of the total cost for creating infrastructure facilities such as laying of roads, sewage treatment plant, captive power plant and telecommunications, if industry comes forward to establish Mini Textile Parks.
Yarn, Fabric and Accessories Trade Show 2016 will run from November 23-26, 2016 at the NSIC Exhibition Center Okhla, New Delhi. The special highlight of the YFA will be the Denim Zone. The zone will see 20 top Indian denim fabric makers exhibiting their denim innovations.
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 sharp rise of over 35 per cent in domestic cotton prices since May 2016 will squeeze ginners and spinners profitability by over 15 per cent, says India Ratings and Research (Ind-Ra). Ind-Ra expects prices to remain elevated around the current levels of Rs 120 per kg to Rs 127 per kg till the end of the cotton crop year of September 2016. The spike in cotton prices will adversely impact the profitability of pure cotton ginners and spinners due to their inability to pass on this steep increase to their customers, at once, due to decreasing cotton demand and increased competitiveness of manmade fibre.
Spin cans and all the components are designed, materials selected and manufactured in all sizes and diameters following ISO specifications.
For over 50 years, Kolkata-based Spincan and its associates have been manufacturing card and spinning cans for the jute and textile industries. The invaluable experience and expertise built over this period have kept Spincan abreast of current technology and enabled it to provide state-of-the-art cans and accessories.