The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
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With an aim to make Haryana a hub of textile manufacturing, the state government on Tuesday approved Textile Policy 2018 to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry in the State.
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), one of the oldest export promotion councils in India, recently gave away export awards in a function held on January 27, 2018 in Mumbai. Present during the occasion was: Smriti Zubin Irani, Union Minister of Textiles & Information and Broadcasting; Ajay Tamta, Union Minister of State for Textiles; Anant Kumar Singh, Secretary, Textiles; Dr Kavita Gupta, Textile Commissioner; Rughani, Vice Chairman; Anil Rajvanshi, Convenor, Export Award Committee; and Rajen Udeshi of Reliance Industries.
At Indo Texnology, we focus on automation and monitoring, which is our tagline too, says Thirupathi S, Managing Director, Indo Texnology Pvt Ltd, during an interaction with Sripathy B the ITJ.
With new standards, the generation 15 Mahlo machines are not only optimally equipped for the future, but also help to save costs and raw materials and improve product quality.
Every day, several thousand kilometres of woven and knitted fabrics pass through the production facilities of textile manufacturers all over the world. And for every single centimetre of it, the quality has to be right. This means above all: straight-thread fabric. This poses great challenges for manufacturers of increasingly sophisticated textiles. Mahlo GmbH + Co KG has been the perfect partner for over 70 years when it comes to straightening things out. The German machine builder has once again set standards in textile production and finishing with its generation 15 devices.
GV Aras is the Director of Textile Engineering Group/A.T.E Group, the biggest textile machinery supplier across the textile value chain in India and has in all over 30 years of experience in textile and textile engineering industry. He has been with A.T.E. since more than 25 years.
China’s Wuxi No. 1 Cotton Mill has recently invested heavily in upgrading all its existing Savio winders with Loepfe’s yarn clearing technology with foreign fibre functionality.