AEPC, The Apparel Export Promotion Council, has launched an appeal to the State government to formulate a policy to promote exports.
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According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.
As the global demand is picking up and global players are diversifying their supply chain, it is expected that Indian exports will show a gradual improvement in the next 2 years, says India Ratings & Research (Ind-Ra).
Business from overseas markets has been a major contributor to the growth of Indian home textiles industry. Covid 19 and the US-China spat can be instrumental in further increasing India’s share in the global home textiles market, says Rakesh Rao.
Demand for higher throughput, less downtime, lower energy consumption and higher product quality in textile industry is increasing. B&R solutions help textile companies gain competitive edge in smart manufacturing and production effectiveness. In conversation with ITJ, Ninad Deshpande, Head – Marketing & Corporate Communication, B&R Industrial Automation Pvt Ltd, talks about getting ahead of competition with automation in the textile industry