Over the past eight years, the industry has experienced significant fluctuations. Ludhiana’s textile industry is currently facing numerous challenges and adjusting to a new phase of…
Browsing: Demonetisation
Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.
Texfair 2017 in Coimbatore ended on an optimistic note with the textile industry looking forward to a happier 2018.
With more than 50,000 small, medium and large-scale industries and textile mills in an around Coimbatore and Tirupur, an event as big as Texfair, which focuses on textile machinery, accessories and spares, is a must for the Southern market of India. In its 11th edition, Texfair 2017, organised by the Southern India Mills’ Association (SIMA), provided a platform for the stakeholder to zero in their investments and expenses prudently, showcase their inventions and cost effective items and other products, enable the technocrats and shopfloor technicians to update their knowledge on the latest technology and create an awareness on cost cutting, to encourage micro, small and medium entrepreneurs also to showcase their products and get exposure to the market. Texfair 2017 was held from November 17-20, 2017 at Codissia Trade Fair Complex, Coimbatore.
GST… GST… GST…
Anywhere and everywhere and in each corner of textile industry, right from mills, textile traders to textile suppliers “GST†is the talk of the hour. Recently it is the only buzz that has been heard in the Indian manufacturing sector across all sectors. There are reports and synopsis presented on GST.
Indian cotton prices are seeing unusual rise during the current peak arrival season.
CRISIL’s nationwide survey of micro, small and medium enterprises (MSMEs) shows a substantial shift away from cash transactions following the government’s move to demonetise bank notes of Rs 500 and Rs 1,000 denomination recently.
Cash crunch is very much the talk of the town today! Though demonetisation is a bold decision taken by the Government, it has left a sudden jerk in the entire textile chain. Textile retailers faced the immediate impact and other intermediaries in the value chain are facing it now with a lag of a few weeks with reduced orders due to slower offtake.