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.
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Dr KV Srinivasan, Chairman, Texprocil stated that exports of cotton yarn from India in the first quarter of April-June 2019 have fallen by a steep 33 per cent. From 338 million kg for the period April-June 2018 to 226 mn kg in April-June’19.
India held a special place in global textile trade as the second largest textile exporter in the world. Today, cotton yarn and fabric exports account for over 23 per cent of India’s total textiles and apparel exports.
The Centre has promised to refund the entire pending claims of textile exporters under GST and IGST (Integrated GST) in 15-20 days.
Indo Count Industries Limited, one of the leading manufacturer and exporter of bed linen and home textiles in India, has won the prestigious gold trophy for the “highest exports of cotton made-ups (bed linen/bed sheets/quilts)†for the year 2016-2017. Having won Bronze and Silver trophy in the past, this is the first time that Indo Count has been awarded with Gold Trophy.
According to data compiled by the Cotton Textiles Export Promotion Council (TEXPROCIL), Indian cotton yarn exports witnessed a fall of 9.79 per cent in the first four months of fiscal 2017-18. Exporters cite slow pick up by China and Bangladesh, the two big target markets comprising around half of the cotton yarn shipments from India, for the decline.
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.