India is changing its colour from traditions to fashion and textile and apparel industry is the best observer to witness the same. We are growing and expanding to be precise we are developing beyond boundaries. From a country once considered only as a farmers land. India today has explored and is competing in each and every segment from textiles to electronics, our presence is dominant everywhere.
Browsing: Avinash Mayekar
India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
Through our extensive market research, we have understood the demand of technical textile products in developed countries have reached to stagnancy level now and market is shifting to developing counties, says Avinash Mayekar, MD & CEO of Suvin Advisors Pvt Ltd, in an interview with the ITJ.
TUFS scheme has been serving as ´Sanjivani´ (Life Giving) for textile sector till date. It was introduced with an aim to boost investments into textile sector.
Some years ago, IT was moving at a snail´s pace in the Indian textile industry, but now even SMEs are going all-out for ERPs and PLMs, thanks to the realisation that these packages help in the long run, reports Indian Textile Journal.
This is no ordinary yarn. Spinners are spinning a new success story with innovations, both in-house and with the help of imported fibres. Samuel Joseph reveals this new dimension to the yarn story.