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PLI: PLI for textile: Why boosting production alone will not go very far in alleviating exports

PLI: PLI for textile: Why boosting production alone will not go very far in alleviating exports
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Indian apparel industry eyes collaboration with global suppliers of man-made fibre

Indian apparel industry eyes collaboration with global suppliers of man-made fibre
April 11, 2021
Indian apparel exporters are keen on a joint venture or technology transfer or 100 per cent investment - PTI
Indian apparel exporters are keen on a joint venture or technology transfer or 100 per cent investment - PTI×
Tie-up will help them overcome supply shortfall and improve production quality
Indian apparel exporters are looking to collaborate with global man-made fibre (MMF) suppliers to overcome the supply shortfall in the country and improve domestic production quality.
Cotton-based apparels
Indian apparels are predominantly cotton-based. However, the bulk of the global demand is in the MMF segment. The global market for MMF garments is estimated at $500 billion, including $170 billion for sportswear. The share of MMF garments in India’s total apparel exports is only $1.6 billion, or about 10 per cent, whereas the world trade in MMF gar ....

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Budget 2021: Textile industry welcomes setting up 7 mega textiles park

The textile industry welcomed the setting up of 7 mega textiles parks proposed in the Union Budget 2021-22, saying this will make the industry globally competitive, but the imposition of a 10 per cent basic customs duty (BCD) on raw cotton will increase the domestic prices.
The Mega Investment Textiles Parks (MITRA), under which seven textile parks will be established over a period of three years, is a positive step that will enable the industry to become globally competitive, attract large investments and boost employment generation, Cotton Textiles Export Promotion Council (TEXPROCIL) Chairman Manoj Patodia said.
He stated that the Budget has proposed to reduce the basic customs duty on caprolactam, nylon chips and nylon fiber and yarn to 5 per cent, which will encourage the growth of the Man Made Fibre (MMF) sector especially the MSMEs. ....

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ShanghaiTex exhibition set for November 2021

ShanghaiTex exhibition set for November 2021
Exhibition organiser says textiles industry will be on road to recovery with global cross-border travel restarting.
16th December 2020
The ‘must-attend biennial’ event of China s textiles and fashion industry, the 20th International Exhibition on Textile Industry (ShanghaiTex 2021), will be held at Shanghai New International Expo Center, Pudong, Shanghai, PR China, from November 23-26, 2021, organisers have announced. With vaccines likely to become widely available by the end of 2020 and extensively applied from mid-2021, global economic recovery and cross-border travel are expected to resume by the end of 2021, the show’s organisers say.
Focus on post COVID high-growth sectors ....

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