TUFS Windfall! To catalyse $15 billion investment
The Amended Technology Upgradation Fund Scheme (A-TUFS), which has come as a breather to the crisis-ridden textile industry, is expected to spur investment to the tune of $15 billion.
Ups & downs in 2015
Global growth is forecast at 3.5 per cent in 2015 and 3.8 percent in 2016, with uneven prospects across the main countries and regions. Growth in emerging market economies is softening, reflecting an adjustment to diminished medium-term growth expectations and lower revenues from commodity exports, as well as country-specific factors.
'FTAs to give impetus to textile industry'
Stäubli is an innovative mechatronics solutions provider with three dedicated divisions: Textile, Connectors and Robotics. With a workforce of over 4,500, Stäubli has a presence in 25 countries and agents in 50 countries around the world.
Technical textiles to the fore
Through our extensive market research, we have understood the demand of technical textile products in developed countries have reached to stagnancy level now and market is shifting to developing counties, says Avinash Mayekar, MD & CEO of Suvin Advisors Pvt Ltd, in an interview with the ITJ.
Processing: Eco concerns to fuel demand
The year 2015 was one of the best years for the processing industry. Looking at the current trends and the sentiments that unfolded at ITMA, 2016 will also be as good as the previous year. Corporates, which have done modernisation, will invest in expansion in the coming years.
Weaving: Hopes on decentralised sector
Weaving industry has been progressing well in the last couple of years. The first boom was in 2004 and 2005, when weaving attracted a lot of investment. Then it slowed a bit. Again in 2012, one more boom period started.
Spinning: Temporary setback may go
Spinning has been good in India, but looking at the trend unfolding in the last six months, it needs a relook. One is the Technology Upgradation Fund (TUF) which has been temporarily stopped. Secondly, the yarn export to China has virtually come to a standstill.
2016: A 'Leap' Year?
Promise of new measures from the Government, much-awaited GST on the cards, hints of the decentralised segments attaining maturity that will spur demand for textiles augur well for the textile industry in 2016 and beyond, recounts an Exclusive Report by Joseph S and Karthik M.