Established in 1983, AYM Syntex (formerly known as Welspun Syntex) is engaged in texturising, draw twisting and twisting of polyester yarns. It also first textile company in India to adopt new standards in carbon foot printing. With plants located at Silvassa and Palghar (Maharashtra), AYM Syntex is well equipped to meet the domestic as well as international demand.
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Rajasthan has emerged as a pre-eminent hub for the domestic textile industry with a presence across the entire value addition chain from spinning to garments. About 30 MoUs worth Rs 8,500 crore were signed for the textile sector, of which 12 projects have started production while 12 projects are under construction and three projects are under various stages of clearance.
Textile filament has been one of the fastest growing segments for PA6, increasing from 32 per cent of global demand in 2010 to 36 per cent in 2016. But by 2030, textile filament is expected to be only 34 per cent of total PA6 demand. “For the last decade China has been the epicenter of the global PA6/PA66 industry.
The Faisalabad Chamber of Commerce and Industry (FCCI) has blamed the government policies for the textile industry’s decline in the country.
Indian apparel and textile manufacturing has reached new heights in the last few years and Indian exports are welcomed all over the world for their quality and value added features.
On the one side appreciating the bold initiative of demonetisation of the Government, The Southern India Mills’ Association (SIMA) has also lamented the hardships faced by the mills.
The European Union (EU), which has provided Pakistan GSP Plus status, has proposed to work on a a five-year strategic partnership with that country.The textile industry in Pakistan contributes 8.5 per cent to GDP and 60 per cent to exports while employing 38 per cent of the workforce. The EU has provided Pakistan GSP Plus status. Pakistan wants brand owners of textiles from the EU to divert the bulk of their buying from Pakistan since it is well placed for the production and supply of high quality textile goods at attractive prices. Fighting poverty and helping the country on its path towards inclusive and sustainable growth are the aims of EU support to Pakistan. The EU considers that such goals will only be achieved by increasing political stability, improving the rule of law, bringing about human and social development, creating productive and decent work opportunities and diversifying the economy.