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Newsline-International | January 2017

Surge in FDI inflow in T&C sector

According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY2015-16 over FY2013-14. Major investments (by foreign collaborators and Indian companies) in the sector during April 2014 to March 2016 are also mentioned in the report which include investment worth $51.94 million in Fashion India Private Limited by E-Land Asia Holdings Pte Limited; $37.58 million in Procter & Gamble Home Products Ltd. by Procter & Gamble Home Products Ltd.

The report also underlines that share of textile and apparel in total exports increased to 15 per cent in FY 2015-16 from 13 per cent in 2013-14. Growth was majorly seen in export of readymade garments, wool & woollen textiles, silk, carpets, coir and coir products, and handicrafts. Textile and apparel exports are estimated to reach $62 billion by 2021 from the current $38 billion in 2016, as per the report.

Talking about the Integrated Skill Development Scheme (ISDS), it says that from 2014-15 to 2016-17 (till September) the Ministry has trained a total of 536,683 youth; out of them 393,363 (73 per cent) have been successfully placed. On the other hand under Prime Minister Kuashal Vikas Yojana, Apparel Made-Ups and Home Furnishing SSC (AMHSSC) trained 79,245 people in 2015-16 but placed only 5,116 (6.45 per cent), while Textile & Handloom Sector Skill Council trained 29,212 people, out of which 20,665 (70.74 per cent) were placed.

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Sodalamuthu and Co. Pvt Ltd      Kirloskar Brothers Ltd      Konica Electronics Enterprise      Kusters Calico Machinery Pvt Ltd      Labelmach      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Luwa India Pvt Ltd      MAG Solvics Pvt Ltd      Marvel Gloves Industries      Mayer & Cie. GmbH & Co. KG      Mayur Reeds And Healds Pvt Ltd      MESDAN India Pvt Ltd      Mohler Machine Works Pvt Ltd      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Perfect Equipment Pvt.Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Precision Rubber Industries Pvt Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Novibra)      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Rieter India Pvt. Ltd      Sabar Machine Tools Mfg. Co.      Savio India Ltd      Savio Texcone (P) Ltd      Schoch Reeds India      Shakti Textile      Sheeba Engineering Co      Skaat Machine Works India Pvt Ltd      Sopromatex (UCMTF)      SRE Corporation      Sri Lakshmi Fire Controls      Stovec Industries Ltd      Sudarshan Gears      Sunrise Industries      Swissmem      Texcoms Textile Solution (E-Products INC)      Texfab Engineers (India) Pvt Ltd      Thies GmbH and Co.      Thymas Electronics Pvt Ltd      Truetzschler India Pvt Ltd      Umargaon Textile Machinery Pvt Ltd      Unitop Aquacare      Vetal Hitech Machines Pvt. Ltd      Voltas Ltd      Weavetech Engineering Pvt Ltd      Yale Synthlube Industries