The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
Browsing: Srinivasan
Import of textiles industry spare parts has been continuously rising from China and trend will be continued this year as well, say industry experts.
Mylon Metallics was incorporated as an engineering company par excellence for manufacture of engineering products that will find applications in textile mills, transport sector and original equipment. D Srinivasan, Director, Mylon Metallics, speaks on the cheaper imports which is hurting the textile industry.
The Southern India Mills’ Association (SIMA), Coimbatore organised Texfair 2019 – largest expo of textile machinery, spares, accessories and other supporting services and Farm to Finish Expo 2019 – expo showcased right from raw material to finished products during August 9-12, 2019 at CODISSIA Trade Fair Complex, Coimbatore.