LMW & K.M. Knitwear : Celebrating 2 Decades of Enduring Partnership
The Indian Textile Journal
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12h ago
K.M. Knitwear commissioned a new unit featuring LMW’s A-Z Smart Machinery, which includes 32,640 spindles for processing 20s to 40s Ne, combed compact hosiery. K.M. Knitwear, Tiruppur partnered LMW in the year 2004 and entered the spinning industry with a 36,000 spindle unit fully equipped with LMW machinery, processing 20s to 40s combed hosiery. This […] The post LMW & K.M. Knitwear : Celebrating 2 Decades of Enduring Partnership appeared first on Indian Textile Journal ..read more
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Textiles see 28% increased allocation in budget 2024
The Indian Textile Journal
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18h ago
The National Technical Textiles Mission’s allocation saw a significant increase of 120.59 per cent, reaching Rs3.75 billion compared to Rs1.75 billion in 2023-24. On July 23, Union Finance Minister Nirmala Sitharaman presented the 2024-25 budget in Parliament. The government has raised the allocation by 28 per cent to Rs44.17 billion. Additionally, duty on wet white, […] The post Textiles see 28% increased allocation in budget 2024 appeared first on Indian Textile Journal ..read more
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Innovations in Textile Quality Control
The Indian Textile Journal
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18h ago
Investing in high-end quality control testing practices and instruments that adhere to all the required standards becomes vital to ensure long-lasting & durable end results are produced every time. The textile sector in India holds a very strong ancient heritage in the Indian economy, which dates to several centuries. There is a wide variation in […] The post Innovations in Textile Quality Control appeared first on Indian Textile Journal ..read more
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Taiwan offers smart dyeing solutions to Indian textile firms
The Indian Textile Journal
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18h ago
The highlight of the Taiwan Expo 2024, held in New Delhi, was smart, one-stop solutions offered by a group of Taiwanese firms for all dyeing requirements of textile companies, says Rakesh Rao. Taiwan Expo 2024 India, hosted by the Taiwan External Trade Development Council (TAITRA) in New Delhi from July 8-10, showcased the latest advancements […] The post Taiwan offers smart dyeing solutions to Indian textile firms appeared first on Indian Textile Journal ..read more
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Italian Industry Ready for New Challenges
The Indian Textile Journal
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18h ago
After a sluggish market in China, Turkey, India, and the Unites States, Italian textile machinery witnesses some positive signals emerged in the first quarter. Maintaining a focus on innovation despite the uncertainties that characterise the current international scenario was emphasised during the General Assembly of ACIMIT, the Italian Textile Machinery Manufacturers Association, held in Milan. […] The post Italian Industry Ready for New Challenges appeared first on Indian Textile Journal ..read more
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The Dumping Dilemma
The Indian Textile Journal
by admin
2d ago
In early 2023, the demand for synthetic fabrics in India surged, driven primarily by rising cotton prices. This increase compelled many small and medium domestic manufacturers to turn to cheaper imports of synthetic fabrics to meet local demand at a lower cost. While India’s imports of man-made fibres (MMF) from countries like Indonesia, Thailand, Vietnam, Japan, and South Korea remained relatively stable, imports from China increased significantly over the past year. This spike was due to China dumping dyed synthetic knitted fabrics at extremely low prices. “The issue of unabated dumping of ..read more
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Textiles sector sees 28% increased allocation in budget 2024
The Indian Textile Journal
by admin
3d ago
The budget proposed reducing the basic customs duty on real down-filling material derived from ducks or geese to enhance the competitiveness of Indian leather and textile exports. The budget allocation for the textiles sector has been increased by Rs 9.74 billion to Rs 44.17 billion in the Union Budget for 2024-25. Union Finance Minister Nirmala Sitharaman presented the budget on Tuesday, which included a rise in the allocation for research and capacity building in the textiles sector from Rs 3.80 billion to Rs 6.86 billion. Additionally, the budget proposed reducing the basic customs duty on ..read more
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Taiwan Expo 2024 India marks a new era in textile industry
The Indian Textile Journal
by admin
4d ago
During the event, an MoU was signed by the Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) outlining plans for seminars, exhibitions, and policy discussions aimed at supporting technological advancements and capacity-building. New Delhi, July 23, 2024 Taiwan Expo 2024 India, hosted by the Taiwan External Trade Development Council (TAITRA), concluded successfully, advancing the dialogue between Indian and Taiwanese textile and footwear industries. Held from July 8-10, 2024, at Hall 2, Pragati Maidan, New Delhi, the event underscored the expanding trade a ..read more
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Union government announces Rs 44.14 billion for budget 2024-25
The Indian Textile Journal
by admin
4d ago
The revised budget for 2023-24 allocated Rs 34.24 billion for revenue and Rs 180.56 million for capital expenditure, totalling Rs 34.43 billion. The Indian government has increased the budget allocation for the textile sector by 28 per cent to Rs 44.17 billion for the fiscal year 2024-25. Union Finance Minister Nirmala Sitharaman proposed significant increases for cotton procurement, the National Technical Textile Mission, the Integrated Scheme for Skill Development, and several other programs. The government has proposed Rs 43.73 billion for revenue and Rs 430.65 million for capital expendit ..read more
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Imports of fabrics from countries like China is expected to rise further
The Indian Textile Journal
by admin
4d ago
Confederation of Indian Textile Industry (CITI) is the only National Association that covers the entire spectrum of the Textile and Clothing Industry spanning domestic and exporting unit, including regional and sectoral associations from farms to garments and even textile machinery. Rakesh Mehra, Chairman, CITI, explains the reasons for the increased dumping of Chinese fabrics and discusses how the association and the government are addressing this issue. China has been dumping synthetic fabrics at relatively cheaper rates in India and also launching cotton like fabrics. How is it affecting t ..read more
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