For small textile businesses today, automation isn’t just nice to have — it’s a must, says Aleksandra Malhotra. Businesses in the textile industry face tough challenges…
Browsing: MSME sector
The Clothing Manufacturers Association of India (CMAI) is the pioneer and most representative Association of the Indian apparel industry for over five decades. It has a…
Surface Modification Technologies has over 20 years of hands-on experience in handling various advance surface treatment technologies. The company delivers surface enhancement solutions using Physical Vapor Deposition (PVD) coating processes customised to individual requirements. Umesh Mhatre, Managing Director, Surface Modification Technologies opens up about latest technologies in surface enhancement solutions and provides suggestions to improve the Indian textile industry.
The calendar year 2018 had been one of the most challenging years for the textile industry due to the impact of GST on the MSME sector (especially on the textile hubs like Surat, Bhiwandi, Ludhiana, Erode and many others), higher raw material prices, severe liquidity crisis post Punjab National Bank scam and subdued fabric demand.
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.