The Indian textile industry, employing over 105 million people, has been pleading for several urgent measures relating to Technology Upgradation Fund (TUF) scheme, levies on man-made fibre duties, enhanced incentives under Focus Market Scheme to compensate partially, the disadvantages in the tariff rates for Indian textile products prevailing in various countries till the FTAs are finalised.
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Since the government has included textile and textile equipment manufacturers under the ´Make In India´ programme, there were high expectations for help from the budget for achieving its high potential for increasing industrial production, generating additional employment and improving export earnings. Budget brings no cheer to either of the industry.
Cotton Council International is organizing an Invitation-only Seminar Evening on April 10, 2015 at Trident Oberoi, Mumbai. The Seminar will offer useful insights on the global scenario of cotton and the cotton textile industry.
The Hon?ble Minister was apprised that while Textile Industry was expecting a strong focus from the Government, however, there was no mention of it and nothing was done in the Budget to improve the health of the Textile sector.
Italian Ratti S.p.A. is a leading company in the creation and production of printed fabrics, plain and yarn-dyed, for clothing, neckwear, shirts, bathing clothes, underwear and furniture, as well as in the creation and worldwide distribution of male and female accessories for the most important international fashion companies.
The inaugural International Textile Fair (ITF), which closed at the Dubai World Trade Centre on November 4, triggered a robust response from local and international exhibitors, 90 per cent of whom have shown interest in taking part in the second edition that will be held on April 26 and 27, 2015, on a much bigger scale, organizers of the show said.
Kishore Khaitan, Managing Director of Basant Wire Industries Pvt Ltd, Jaipur is a facile, easy-going and more willing talker when it comes to the technologies and USPs of his company´s products, of which he speaks with pride asserting that ´customized solutions and value addition make our products preferred even over buying replacements parts from OEM suppliers.