Textiles sector on revival path - Textiles Minister

Thiru. Dayanidhi Maran, Union Minister of Textiles said that textiles sector has started showing sign of revival with increase in investment, production, employment and exports.

The production of fibre, yarn and cloth have shown a positive growth during April to November 2009. The production of cloth increased by 10.8 percent, man-made fibre and yarn production grew by 21.3 & 11.8 percent, respectively, and the total spun yarn production increased by 5.1 percent during the period.Thiru. Maran was addressing the textiles industry at the conference organised by the FICCI on ‘Emerging global trends and the way forward for Indian Textiles Industry’.

The second quarter of the current fiscal saw a strong revival in sales growth, and weaving companies posted a sales growth of 19.7 percent, spinning industry 8.9 percent, man-made Fibre industry 15.7 percent and readymade garments industry 14.2 percent, said the Minister. The Sector witnessed a favourable investment climate since last quarter of last fiscal and weaving companies announced 5 new projects with an investment of Rs. 144 crore while the spinning industry announced 20 new projects worth Rs. 257 crore, said the Minister. Thiru Maran said that the revivals in demand had led to an addition of 3.18 lakh employees during second quarter of the fiscal, this is in contrast to the displacement of 1.54 lakh employees in the previous quarter.

The Minister said that the India’s overall textiles exports (excluding garments) during April-June 2009 fell by 21.8 percent, and the sign of revival were seen during the July 2009 with an increase of 2.92 per cent. The apparel export sector has also shown signs of revival after falling y-o-y for eight months in a row, the value of India’s apparel exports to the US grew in September 2009, said the Minister.

Thiru. Maran said that 60% of Indian exports of textiles and over 70% of clothing are to USA and EU 27 markets, and there is an urgent need to broaden product mix and explore new markets, while maintaining and increasing Indian textiles and clothing (T&C)share in core markets through product innovation and diversification. If sustained efforts are made by the industry, the country can capture additional US$ 1.5 billion textile and clothing export in US market, which will also help to generate additional employment opportunities, said the Minister. Thiru. Maran said that initiative of his Ministry to pool the resources of all the Export Promotion Council to mount mega shows in non-traditional markets like Japan, Brazil, Argentina and South Africa has been a success and this endeavour will continue.

Read More..

Cutting Machine for Garments Selling Leads

Contact Person : Mr. P. Suresh Chandran

Ref. No. : 994239

Status : Seller

Products : Cutting Machine for Garments

Keywords : Cutting machine

Posting Type : Regular Offer

Posting Date : November 11, 2009

Comments :

We are dealer and supplier of KM brand Round Knife Cutting Machine.

<More Details of this Lead>

<More Fabric Testing Machine Buying Leads>

<More Fabric Testing Machine Selling Leads>

Applications under TUFs falls in 08-09, project cost zooms

The Government of India under the aegis of the Ministry of Textiles had introduced the Technology Up-gradation Fund Scheme (TUFS) to help the beleaguered textile sector modernise its technology and equipment and which turned out to be one of the highly successful schemes implemented by the Government of India.

In this second part of this series, Fibre2fashion brings forth the number of projects for which applications were received and the amount of funds sanctioned under the scheme from the date of its inception till the current fiscal year. In the first part of this exclusive series on TUFs, we had covered disbursals done by 122 banks to the textile and its allied sector from the inception of the scheme in 1999.

The TUF scheme which saw the light of the day in the fiscal year 1999-2000 received applications for 407 projects totaling to a project cost of Rs 5,771 crores, out of which Rs 2,421 crores was sanctioned for 309 projects, again of which 179 projects received disbursals amounting to Rs 746 crores in that fiscal year.

Fiscal year 2006-2007 witnessed receipt of the highest number of applications and which stood at half of the number of total applications received till June 2009. The project cost of these applications totaled to one-third of the project cost of all applications received since the inception of the scheme.

In fiscal year 2008-09, the figures for which are provisional, though the number of applications were just half of those received in 2006-07, the project cost was just under one-third of the overall project cost of all applications received since 1999, which implies that the applicants invested in latest and high technology and equipment which could have raised the project cost to these levels.

Read More..

Kornit Breeze 921 printer is breezing its way to the ISS!

The new Kornit Breeze 921 entry-level Direct-On-Garment printer will be launched at ISS Long Beach, January 22-24, 2010 in California, USA, booth # 1447

Kornit Breeze 921 industrial Direct-On-Garment printer is breezing its way to the ISS! Getting ready to begin its beta period, this high-speed digital printer that uniquely prints white & CMYK colors at the same time, looks like it has a bright future ahead. Offering high-end technology solutions at entry-level costs, Kornit Breeze 921 is the best option for new or expanding businesses entering the digital garment printing market.

ISS Long Beach is the industry`s leading event for the decorated apparel and imprinted products industry with over 13,000 attendees and close to 500 exhibitors. The 2010 ISS conference program, featuring 43 conference sessions, provided the expert knowledge needed to turn investments into profits.

Read More..

Dyeing Machine Selling Leads

Contact Person : Mr. Fassi

Ref. No. : 980907

Status : Seller

Products : Dyeing Machine

Posting Type : Regular Offer

Posting Date : September 10, 2009

Comments:

We are professional manufacturer and exporter of HT Beam Dyeing    

Machine.

<More Details of this Lead>

<More Dyeing Machine Buying Leads>

<More Dyeing Machine Selling Leads>

Development of Mobile Fibre Extraction Machine for coir industry

The traditional coir industry in the state of Kerala is facing an acute crisis of fibre shortage. For some time it has been depending on the green husk fibre the major part of which is brought from the neighboring states.

The industry feels that there is an untapped stock of husks in the rural areas from where collection is difficult as on-site defibering is not possible.

Therefore there was a need to develop a mobile fibre extraction machine which could be taken to the remote villages so that vast untapped potential for utilization of husks from such areas could be tapped.

In view of this, Central Coir Research Institute of Coir Board, Kalavoor has developed a Mobile Fibre Extraction Machine that is being demonstrated before the coir industry.

Click here to read the comparative advantages of this machine with the stationery machines that are in vogue are produced:

The Central Coir Research Institute is one of the prime research centre of Coir Board (Recognised by the Department of Science & Technology, Government of India) established in the year 1959 implements all the S & T programs for the development of Coir Industry headed by Dr. U.S.Sarma Director, RDTE.

Read More..

TUFS proves to be proverbial lifeline for textile sector

Technology Up-gradation Fund Scheme (TUFS) initiated by the Union Ministry for Textiles is one of the highly successful schemes implemented by the Government of India. Indian textile industry was reeling under the impact of out-dated technology apart from other traditionally identified drawbacks with little or no value-addition to speak of. However, introduction of this scheme has proved to be a proverbial lifeline for the textile and allied industries. Fibre2fashion has taken the initiative to bring to our esteemed readers, the various statistical data related to TUFS with due thanks to the 'Office of the Textile Commissioner', Mumbai for providing the data.

The Ministry of Textiles first launched the Technology Up-gradation Fund Scheme (TUFS) initially for a period of five years, for the textile and jute sector in April-1999. At the end of the five year period in March-2009, it was subsequently extended up to March 2007. The objective of the TUF scheme was to help the ailing textile and allied sectors to modernise and up-grade their technology and equipment in which the government also paid a subsidy to these enterprises, to help them with their capital requirements.

Under the scheme, the companies have the option to choose from multiple options like 5 percent interest reimbursement of the normal interest charged by the lending agency on RTL or, 5 percent exchange fluctuation (interest & repayment) from the base rate on FCL, or 15 percent credit linked capital subsidy for SSI sector, or 20 percent credit linked capital subsidy for powerloom sector, or 5 percent interest reimbursement plus 10% capital subsidy for specified processing machinery.

Segments which were identified within the textile and allied industry, included, spinning, cotton ginning & pressing, silk reeling & twisting, wool scouring & combing, synthetic filament yarn texturising, crimping and twisting, manufacturing of viscose filament yarn (VFY) / viscose staple fibre (VSF), weaving/knitting including non-wovens and technical textiles, garments, made-up manufacturing, processing of fibres, yarns, fabrics, garments and made-ups.

The jute sector is also eligible to take advantage of these concessional loans for their technology up-gradation requirements. Investments in common infrastructure or facilities by an industry association, trust or co-operative society and other investments specified are also eligible for funding under the scheme. Improved metal frame handlooms used by the handloom weavers have also been covered under the scheme.

Initially, development banks like IDBI, SIDBI and IFCI were selected as the nodal agencies for determining eligibility and disbursal of the subsidies to the textile and jute sector. From October-2005, in addition other nationalized, private and regional banks were also appointed as nodal agencies to take the total of nodal agencies to 122. There is no cap on funding under the scheme and the technology levels have been benchmarked in terms of specified machinery.

Read More..