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
Indian government has imposed an anti-dumping duty of up to $719 per tonne for five years on import of nylon filament yarn from the European Union (EU) and Vietnam following recommendations by the commerce ministry?s investigation arm DGTR. The import duty will come into effect from 6th of October 2018 and has to be paid in INR. JCT, Gujarat Polyfilms, Gujarat State Fertilizers and Chemicals, Prafful Overseas and AYM Syntex had jointly filed for initiation of the investigations and imposition of the duty.
Yamuna Expressway Industrial Development Authority is planning to develop a textile park near the Jewar airport, Noida. The Authority held meetings with Noida Apparel Export Cluster (NAEC) and agreed to allot a 200-acre land to 100 textile businessmen. Ther park will house companies which will produce readymade garments. It has issued a list of 240 units for industrial land for the textile park. The project is likely to be completed in 3 years time.
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.
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
Telangana government is setting up an apparel value chain system at the upcoming apparel park in Sircilla district near Karimnagar in Telangana. The new park will entail an estimated investment of Rs 100 crore in collaboration with apparel manufacturer Kay ventures. The new park will come up in an area of 20 acres, will house 5,000 state of the art sewing units with its corresponding embroidery, printing, washing and value addition/support facilities and is proposed to be developed in three phases and will be fully operational in three years. The first phase of the project will come up at an investment of Rs 30 crore and will be operational in 9-12 months. While 90% of the investments in the first phase will be borne by the government, remaining will be funded by Kay ventures and their ass
Maharashtra government has unveiled a new textile policy for 2018-2023 to overcome certain short measures. The new policy looks at reducing power tariff and raising capital subsidy for spinning mills. Power tariff is one of the reason where mill owners are migrating to state which provide cheaper power. The policy also looks to strengthen the cotton industry and silk business. It provides higher concessions for setting up units in backward regions like Vidarbha, Marathwada and north Maharashtra region. The policy also provide for creation of textile cluster and garment parks, textile university in the Vidarbha region. Capital subsidy has been increased substantially for processing units, spinning mills, and modernisation of power looms. It proposes to give 45 per cent capital subsidy for
Tiruchi District Tiny and Small Scale Industries? Association (TIDITSSIA) is likely to set up a mini textile park in Manapparai in Tamil Nadu. The textile park will be set up with 50% government subsidy and will have design ideation, training, and sales centers in the park. The textile cluster in Puthanatham in Trichy and other ready made garment units will benefit from the new textile park. Initially, the park may open with 10 textile production unit.
India's silk production which is slated at 28000 metric tonnes is growing at an annual growth rate of 19% and is expected to reach self sufficiency by the year 2020. Currently, China is the global largest produce of silk which has a lion's market share of 80%. India's share is estimated at 13% with remaining 7 % is served by other countries. However, China only produces mulberry variety of silk, while India produces other varieties, including Tasar and Muga. Indian imports have come down from 6500 mt to 3500 mt over the last few years. Overall India is expected to reach production of 34000 metric tonnes by 2020.
Tamil Nadu government is planning to set up a textile park in Irur near Coimbatore in Tamil Nadu. The project will be developed by state Industrial promotion organization SIPCOT. The proposal of the textile park has attracted a large number of entrepreneurs with as many as 31 of them from different parts of the state expressing interest to set up units. The textile park will mainly cater to the needs of export-oriented readymade garments units and production of yarn. TNWSB has planned to provide adequate water supply to the site, where the park will be situated on an area of 40.35 hectares. There were also a sanction of Rs. 6.5 million for a tar road connecting the site to national highway.