India has abundant raw materials when it comes to textiles. It is the largest producer of cotton, silk jute and textile raw materials like PSF, VSF and PFY. So it is natural that India is also the largest producer of textiles and garments. The textile industry has two broad segments, namely handloom, handicrafts, sericulture, power looms in the unorganised sector and spinning, apparel, garmenting, ready-mades in the organised sector.
Indian textile industry is expected to reach a market size of USD 223 billion by 2021. It is also the largest employer after agriculture providing direct employment of 45 million, a major contributor of foreign exchange. The government of India also takes several initiative like allowing 100% FDI, Technical Up-gradation Fund Scheme (TUFS), technical Read More
TÜV SÜD - a globally acclaimed safety expert from Germany has expanded its testing centre in Tiruppur near Coimbatore in Chennai. The new lab will have chemical testing facilities which will textile mills to avoid chemicals from restricted Substance List (RSL) and Zero Discharge of Hazardous Chemicals (ZDHC) to meet global vendor norms. The lab will have advanced facilities like UPLC-MS, GC-MS, UV-VIS spectroscopy, FTIR and ICP-OES. The lab will benefit other nearby textile clusters like Karur, Salem and Erode as well. Read More
Erode and Thriuppur has important ready made garment clusters in Tamil Nadu. There are several small and medium organized units which provide services like embroidery, knitting, preliminary work, packing etc., With introduction of GST and e-way bill movement of goods between these small services firm has been a barrier for smoother functioning. Hence, the industries association has requested Government of Tamil Nadu for exemption from generation of e-way bill for job work and services relating to yarn, fabrics and garments. The state government has also granted exemption which will support over ?42,000 crore worth of garments annually because of the crucial support extended by the job working units Read More