With an aim to grab one-fifth of the global textile business and increase exports to $300 billion in the next decade, the Government proposes to rejig labour laws, make special efforts to attract foreign investment and enter new markets with high export potential, such as Japan, China, Brazil and Russia.
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The history of textile is almost as old as that of human civilization and as time moves on the history of textile has further enriched itself. In India, the culture of silk was introduced in 400 AD, while spinning of cotton traces back to 3000 BC. In China, the discovery and consequent development of sericulture
The art of textile making began to develop in the Stone Age. The first textile fabric was probably a nonwoven crude felt, made by compressing loose clumps of fleece from wild sheep. The second stage was invention of yarn which was extracted from various barks of various plants in accordance to their availability.
Orders for textile machinery rose during the Q42013, as drawn from figures compiled by the economics department at the Association of Italian Textile Machinery Manufacturers (ACIMIT),
Although December futures have been testing higher values, they have yet to break decisively above resistance near 68 cents/lb and were range-bound over the past month with values trading between 65 cents/lb and 68 cents/lb.
The textile legacy in the Bhilwara region is fighting a battle to sustain its existence in the rapidly changing global dynamics. Garima Pant explores the ground reality.
The VDMA represents 3,100 mainly medium member companies in the capital goods industry, making it one of the largest and most important industrial associations in Europe.