The ´World PA6 & PA66 Supply/Demand Report 2015´, referred to briefly as the ´PCI Nylon Yellowbook´ among industry experts, has just been published by market research and consulting firm PCI Nylon (www.pcinylon.com) of Oberursel, Germany.
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Weaving Terry, Like Never Before, the banner above the new R9500 terry loom of Itema at their Colzate office seemed to convey all that the machine stands for ´ perfect terry weaving, when it was unveiled to a select audience of VIPs from Turkey, Japan, Korea and other countries.
Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
Textiles is India´s foremost manufacturing industry and has a significant impact on the economy since it contributes to industrial output, employment generation and the export earnings of the country. With contribution of about 14 per cent to the industrial production, 4 per cent to the GDP and 13 per cent to the country´s total export earnings, the industry provide direct employment to over 45 million people.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
The expectation from the new government in the centre was very high. However the situations at the ground level did not alter much. The government´s attention was concentrated on macro issues. This could not lift the morale of the industry.
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.