In July 2016, 83 countries imported spun yarn from India, with Bangladesh at the top, accounting for 18 per cent of the total value with imports rising 24 per cent year on year in terms of volume and 22 per cent in value. China ranked second in July and accounted for around 18 per cent of all spun yarn exported from India. Peru was the third largest importer of spun yarns. These three top importers together accounted for around 42 per cent of all spun yarns exported from India in July.
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India’s spun yarn exports in July 2016 plunged 36 per cent in volume terms and value terms. Indian spinners faced a fall in their margins and found it difficult to compete on the international market.
Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.
Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.
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.
Surat polyester fabrics, saris and dress materials will be on the shelves of Bangladesh consumers, if the Southern Gujarat Chamber of Commerce and Industry’s (SGCCI) plan to set up an extension office at Dhaka with the assistance of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) brings good results.
According to BS Agarwal, President, SGCCI, Bangladesh is the top manufacturer of readymade garments and garment industry uses around 90 per cent cotton.
Located in Coimbatore, Sri Lakshmi Fire Controls is a provider of fire protection systems for the textile industry. The company also supplies fire protection system for ginning and fire protection system for stenter machines and other applications. It also provides all fire protection applications for the spinning industry.