Gujarat which is considered one of the most industrialized states in India has a vibrant textile industry, whose history can be traced, going back by many decades.
Ahmedabad at one time was considered the ‘Manchester of the East. Surat, the second biggest city of the state is one of the biggest textile hubs in India and is also the biggest man-made textiles manufacturing hub in the country.
The textile industry contributes as much as 6 percent to the industrial production of the state and Surat also has to its credit installations of over 40,000 multi-head embroidery machines in the world, in the last three years.
The state also accounts for 12 percent of all textile exports from the country and has a well developed infrastructure for the textile industry, consisting of 18 product clusters, 5 dedicated Special Economic Zones (SEZs) and six industrial parks.
Gujarat accounts for 35 percent of the cotton output and also 60 percent of cotton exports from India. With the world’s third largest denim production capacity and the biggest in India, Ahmedabad has arguably earned the distinction of being called the denim capital of the world.
Imports of textile machinery increased to $297 million during the financial year 2009-10 from $211 million recorded in the previous financial year, hence, witnessed a rise of 40.75 percent.
Industry experts believe that, increase in textile machinery is an indication that all is not lost in the textile industry, which had remained in the state of uncertainty and gloomy since few years.
More over, soaring imports of textile machinery is a proof of the fact that, the textile segment was coming back from its bad past, wherein its future seemed dreary owing to tough competition by its competitors.
During the last month of the outgoing fiscal, textile machinery imports increased even further as it soared over 182 percent and 52 percent against June last year and May 2010, respectively.
However, during the previous two fiscals, imports of textile machinery dropped drastically when textile entrepreneurs stopped investing in their unit, owing to dipping exports of textile products.
Although, conditions are yet not on the textile industry’s side, investment in the textile industry is like a comforting prospect and is a reflection of the fact that, there still remains a chance for the textile industry to resurrect itself as a vital industry of the economy, opine industry experts.
Following the withdrawal of quota system, the textile segment recorded big investments. But these investments were lost owing to lack of competition of domestic textile products with other nations, who are enjoying zero or less duties.
Business Networking Forum (BNF) will begin from the 4th of June 2010 and will last till the 6th of June 2010.
Business Networking Forum is a platform for the entire textile value chain - right from yarn to fashion; from manufacturing, supply chain logistics & fashion retailing to support systems like technology, transport, warehousing, training, & retail infrastructure.
Business leaders, experts, and policy makers & implementation agencies of the inter-related sectors now get a convenient platform to meet and discuss issues, to network, and to share knowledge on the opportunities and challenges.
In order to make BNF a highly interactive, meaningful and productive assemblage for the industry stalwarts and the dignitaries, BNF proposes to hold the conference alongside the exhibition to create an opportunity for all to listen to the industry leaders as well as getting a feel of the Indian textiles. Dr. PR Roy is the chairman of the Advisory Panel of this Business Networking Forum.
This conference is being organized by SS Textile Media Pvt. Ltd., who is very reputed and renowned company, engaged in organizing trade fairs and events. The company provides entire gamut of organizational services to its esteemed clientele.
SS Textile Media boasts of well trained and talented professionals who do their best to cater the clients with the best services in the industry. BNF is being rigorously marketed by www.fibre2fashion.com - world’s largest B2B platform for the global Textile-Apparel and Fashion industry and constituently is the Marketing Partner of the event.
The conference will deal with many current issues concerning the textile industry today. There will be many deliberations by some of the renowned and prestigious people from the textile fraternity.
The conference will deal with subjects such as, “Integrated Supply Chain for the Textiles & Clothing sector - How to get there?”, “Deciphering the Unique Identify or USP of Textiles & Clothing Industry of India and the sub-continent”, and a lot more topics will dealt with in this three day conference.
August 13, 2008 (India)
The Investments in the textiles sector are expected to reach Rs. 1,50,600 crore by 2012 and this enhanced investment will generate 17.37 million new jobs in the textiles sector.
Addressing at a function in Kolkata after releasing the booklet tilted “Indian Textiles- The Sunrise Sector, highlighting the achievements of Textiles Sector during the four year tenure of the Government, The Minister for Textiles, Shri Shankersinh Vaghela said that the Indian textiles industry is in a stronger position than it was in the last six decades due to sagacious guidance provided by Smt. Sonia Gandhi, Chairperson, United Progressive Alliance (UPA) and Dr. Manmohan Singh, Prime Minister.
The industry which was growing at 3-4 percent during the last six decades has now accelerated to an annual growth rate of 16 percent in value terms and will reach the level of US $ 115 billion (exports US $ 55 billion; domestic market US $ 60 billion) by 2012.
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