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It’s a gold for Indo Count!
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.
Indo Count Industries Limited, Dr Kavita Gupta, Textile Commissioner, Anil Kumar Jain, Mohit Jain, Kailash R Lalpuria, Ujjwal Lahoti, Dr KV Srinivasan, TEXPROCIL, Dr Siddhartha Rajagopal, TEXPROCIL, Boutique Living
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Textile investment ahead: A boom or bust or just so-so?
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.
Raw Material, Avinash Mayekar, Texprocil, IIP, CAGR, Hometech, Indutech, Mobitech, Sportech, Meditech, Narendra Modi, FDI, TUFS, National Skill Certification & Monetary Reward Scheme, CMAI
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Pricing policy is required to keep cotton prices on par with international prices
The Cotton Textiles Export Promotion Council, known as TEXPROCIL, has been the international face of cotton textiles from India facilitating exports worldwide. The Council connects international buyers with appropriate suppliers and facilitates interaction that enables them to source their specific needs. Siddhartha Rajagopal, Executive Director, Texprocil, provides some wish-list for the industry and the Government in boosting cotton consumption in India.
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IEIS, MEIS changes hailed
The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the Government’s decision to amend the Incremental Exports Incentivisation Scheme (IEIS) and the Merchandise Exports from India Scheme (MEIS). The Government removed the restriction under IEIS last week. “The decision of the Government to issue duty credit scrips under the IEIS without any restriction will certainly improve the cash flow of the exporters,” Texprocil Chairman RK Dalmia said.
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MMF: Daring to fly higher!
For the man-made fibre industry (MMF) in India, its disgruntlement is turning into unceasing aggression. The reasons are many: China exports 65 per cent of manmade textiles out of its exports of $650 billion while India´s share of manmade textiles is hardly 20 per cent out of its exports of $40 billion.
Man-Made Fibre, Karthik Muthuveeran, MMF, China Exports, Manmade Textiles, Anil Rajvanshi, Rayon Textile Export Promotion Council, Arvind Subramanian, Government Of India, Dr Kavita Gupta, RD Udeshi, Reliance Industries, Manojkumar Patodia, Prime Urban Development India, Rakesh Gaur
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Yuan devaluation to hit textile industry
The devaluation of Chinese currency yuan will have an adverse impact on India´s textiles exports and clothing, which is facing sluggish growth due to recessionary conditions in global markets. The surprise move by China to devalue its currency is a threat to the pace of India´s exports, according to analysts.
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$64 bn export by 2017 | An Uphill Task?
Severe competition on global level and lack of initiatives and direction on the domestic front have made a dent in India´s textile exports with a dip in figures for FY 2014-15, diminishing the scope of achieving the cherished goals. S Joseph & M Karthik take an overall look at the scene.
FY 2014-15, S Joseph, M Karthik, Textile, Clothing Exports, Textile Ministry, Planning Commission, Fibres, Prashant Agarwal, Wazir Advisors Pvt Ltd, Siddhartha Rajagopal, TEXPROCIL, Prashant Agarwal, CMAI, Rahul Mehta
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