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Fragmented nature, lower productivity pose hurdles
Replying to the questions from the ITJ, Persistence Market Research Report says that textiles and apparel industry growth is strongly linked to the overall global economic growth. Excerpts from the interview.
Why India is still a laggard in textile export while countries like Vietnam and Bangladesh are making strides?
Smriti Irani is the new Textiles Minister
The announcement of portfolios for Prime Minister Narendra Modi’s new-look Cabinet saw some big portfolio changes among the existing ministers. In one such change, Smriti Irani will now take charge as Textiles Minister. She has taken over from Santosh Kumar Gangwar, who has now been given the Finance department. Ajay Tamta will also be given an active role in the Textiles Department.
Innovation is our core strength
Taiwan’s textile and apparel manufacturers previously struggled to overcome the twin hurdles of a changing global market and the widely held perception that they were no longer a viable option for textile production.
But support from Taiwan, coupled with the development of an array of exciting products, has brought these firms back from the brink, repositioning them for what many believe will be the dawn of a long-term era of niche market opportunities, particularly in the field of technical textiles.
LINEN RAGE IS ON!
European flax fibres and Chinese linen yarns are flooding the Indian market thanks to a spurt in consumers’ interest in linen products. Samuel Joseph reveals some emerging trends in the linen scenario. Linen is the coolest fabric material in the world, but its market is getting warmer day by day in India, thanks to a spurt in promotion mounted by the big names including Grasim, Raymond and many more small players.
Kim is president of Kornit Digital’s A-P region
Kornit Digital has announced that Buck Kim has been appointed as President of Kornit Digital’s Asia-Pacific region. In this capacity, Kim will oversee all of Kornit Digital’s operations in his territories. He follows Eyal Manzoor who was recently appointed as President Kornit in Europe, the Middle East and Africa.
Mumbai is the 1st home of India Handloom products
Dayanand Shetty, Actor, in presence of RM Parmar, Dy Director, Weavers Service Centre, inaugurated the first home of India Handloom branded products at Central Cottage Industries Corporation of India Limited (CCIC), DN Road, Fort, Mumbai. The first “India Handloom Brand” showroom was launched in Delhi in March 2016.
India is set to grow again in textiles
Santex Rimar Group is one of the leading players in the market of machine manufacturers for the textile industry. The company started as different companies that evolved into Santex Rimar Group. CAVITEC and ISOTEX lead the technical and nonwoven textiles machinery market; SANTEX and SPEROTTO RIMAR produce machines for textile finishing; SOLWA provides eco-friendly machinery for water treatment, food dehydration, agribusiness sector and waste management.
Oerlikon performs well in difficult market environment
Jürg Fedier, CFO of the Oerlikon Group says: “In 2015, we defined a strategic roadmap to develop Oerlikon into a more focused company, building on our unique competencies, technologies and positions in surface solutions, advanced materials, components engineering and manufacturing technology. We also completed important steps such as the sale of the Advanced Technologies Segment and the announced divestment of the Vacuum Segment.” “Our balance sheet is strong and allows for targeted investments in organic and inorganic growth. We delivered strong operating profitability in a difficult economic environment.