Textiles

About 96 per cent of MSMEs (Micro Small and Medium Enterprises) in the country are likely to benefit from the 25 per cent cut in corporate tax rate for MSMEs having revenues less than Rs50 crore. Among others, this cut is likely to affect the textiles and apparel industry considerably, since the backbone of this industry is made up MSMEs. This was also the segment reported to have been the worst-hit sectors of the economy due to the November 2016 demonetisation. The announcement was made by...

The keywords when determining the outlook for an industry, by and large are drivers, restraints and opportunities. Each, again, can be broken down into innumerable factors. The interplay of all these, in turn, may make for a chaotic situation. Whether there is a method in this madness is what usually makes the bottomline. It is also inevitable that both perspectives and forecasts may vary. This writer sought the opinion of two experts on the subject of textile machinery, and saw them in the...

When research is narrowed down to specifics, they often narrate an interesting story. So it was with a recent study that looked at the current status of denim imports into the European Union (EU). The findings are clear: it is Bangladesh that emerges as the front-runner, though it does not yet have a stranglehold over the European market; and India is nowhere to be seen among the top exporters. And China, like everywhere else, has been on a steady decline. The findings of the said study 'Les...

The problem with simplistic arguments is that they invariably either remain speculative at best, or fail to make a point altogether. A classic example of this was the speculation that was fuelled last summer in the backdrop of the Chinese currency being devalued and stocks tumbling the world over. Considerable debates and discussions at that time featured in the Indian media, almost all of them drawing the conclusion that India would make the best of China's declining state of affairs, and forge...

In a few weeks from now, possibly during the Budget session of Parliament, the new National Textiles Policy may be announced by the Union ministry of textiles. The textiles and apparel industry has been waiting eagerly for the new policy document, which will replace the existing one of 2000, and hopefully provide industry with a much-needed boost. The 2000 policy is hopelessly outdated, given three major international developments: the phase-out of the Multi Fibre Agreement, the emergence of...

The drop in oil prices and the overall demand downturn has been taking a toll for a while now, and the numbers that were announced by the ministry of commerce in September were discouraging: India's overall exports declined 20.7 per cent to $21.3 billion in August compared to the corresponding month last year. Textiles exports too shrank by about 7.3 per cent to $1.28 billion in August. The textiles industry, like 22 other sectors which have declined, has reasons to worry. During September...

Shipments in most of the textile machinery segments experienced worldwide declines in the last year. The deliveries of new short-staple spindles dropped 15 per cent from 2013 to 2014. Shipped long-staple spindles and open-end rotors increased by 70 per cent and 2.6 per cent respectively, and the number of shipped draw-texturing spindles grew by around 12 per cent. Shipments of both shuttle-less looms and new large circular knitting machines also fell by 14 per cent and 22 per cent year-on-year...

What essentially began as a game of one-upmanship between two nations, has now spread so far and wide that every sector in any country which is even slightly reflective of the global economy is feeling either the pangs of it or reaping in the associated benefits. We are talking crude oil here, and the game in question is the one that is still ongoing between Saudi Arabia and the United States. As this edition goes to the press, many speculators across the world feel oil prices would fall to $45...

The global production of textile machinery annually is worth over US $ 20 Billion. Among the biggest manufacturers of textile machinery are Italy, Germany, Switzerland, France and China. India does not figure at the top, but it has a big growth opportunity and prospect on this count, especially with growing demand in the export market of textile products. According to a knowledge paper prepared by Suvin Advisors for India International Textile Machinery Exhibitions Society (India ITME Society)...

Textile manufacturers, the obvious target audience of textile machinery manufacturers, have a lot to say – from the brands they use and prefer to the problems they face during the production process. And they have their own set of solutions and suggestions on how machinery manufacturers can make life easier for them. Most are plausible and can be implemented. On issues that machines face There are a number of issues that cropped up when Fibre2Fashion spoke to textile manufacturers. Ravi S Jalan...