Islamabad: Rana Muhammad Farooq Saeed Khan, Federal minister of Textile Industry explained the vision of government directed towards the growth and development of sector. He said that complete assistance would be given for boosting the industry as it is one of the most important sectors of Indian economy.
The statement was proposed during the second meeting of the Textile Policy Implementation Liaison Committee. Important discussions in this meeting were over the measures and schemes considered during first meeting.
At this occasion, another member, Rafiq Gondal from sub-committee, in detail, briefed about the selection process and results of associations categorized for registration.
Then, Head of Sub-Committee, Zubair Motiwala featured the issue of drawback granting to the EPZ units.
All the related matters were brought under keen consideration for sharing point of views and ideas of all members during the occasion. Recommendations and suggestions were given over issues being discussed during the process of meeting.
Textile Policy Implementation was under excessive deliberation of the members of the committee who were concentrating over variety of issues. Along with this, yarn export was also discussed and updates were presented over its registration process.
Progressive efforts and measures taken by the Ministry of Textile Industry were well appreciated by the Members of the Committee.
Showing posts with label latest news on textile industry. Show all posts
Showing posts with label latest news on textile industry. Show all posts
Friday, December 11, 2009
Tuesday, December 8, 2009
Textile Industry Subsidy getting transferred to paper industry
Textile Manufacturing units are being benefited by TUFS, Technology Up gradation Fund Scheme, according to which the industry is entitled to access subsidy for growth and expansion in the sector along with modernization of plant and machinery, being an important objective. Ministry of textile administers the scheme as per their procedures.
Similarly, the proposal for subsidy grant to paper mill is being proposed by the department of Industrial policy and promotion. Basic objective behind this is to generate funds for purchasing capital equipment required for development of the industry. Aim is to provide aid of buying state of art equipment to the paper industry worth Rs 25,000crore for improving the productivity and efficiency of the industry.
According to the joint secretary DIPP, Renu Sharma, the proposal is still under processing and the benefits are likely to be finalized not before 2010 or may be somewhere near 2010-2011. It was stated at the seminar held in the honor of the proposal. The associated department of the industry is still in process of finalization of the subsidy quantum that government would be required to bear over loans allotted to the paper sector. More than 55, 00,000 people rely on this sector for employment directly or indirectly which means growth is the basic need of the industry.
Another important objective of the DIPP is to resolve the problem of raw material. One more proposal that is being worked over that contains emphasize on the permission to be granted for the growth of agro based raw material at the land in forest with proper compliance with the ecological balance. Most of inputs are being outsourced through social forest projects running by the state government.
Similarly, the proposal for subsidy grant to paper mill is being proposed by the department of Industrial policy and promotion. Basic objective behind this is to generate funds for purchasing capital equipment required for development of the industry. Aim is to provide aid of buying state of art equipment to the paper industry worth Rs 25,000crore for improving the productivity and efficiency of the industry.
According to the joint secretary DIPP, Renu Sharma, the proposal is still under processing and the benefits are likely to be finalized not before 2010 or may be somewhere near 2010-2011. It was stated at the seminar held in the honor of the proposal. The associated department of the industry is still in process of finalization of the subsidy quantum that government would be required to bear over loans allotted to the paper sector. More than 55, 00,000 people rely on this sector for employment directly or indirectly which means growth is the basic need of the industry.
Another important objective of the DIPP is to resolve the problem of raw material. One more proposal that is being worked over that contains emphasize on the permission to be granted for the growth of agro based raw material at the land in forest with proper compliance with the ecological balance. Most of inputs are being outsourced through social forest projects running by the state government.
Tuesday, October 6, 2009
Apparel and textile industry of India around 2.75 Lakh-crore
Ahmadabad: Apparel and textile industry of India of around 2.75Lakh-crore is likely to face global competitive edge in the rising field of cotton.
China is said to be world’s leader as cotton producer with 4.2-crore bales as against India’s production of around 3crore bales. Indian textile mills can bend their reduced cost production process in global market. According to the data collected by International Textile Manufacturers Federation (ITMF), estimated cost of production for Indian cotton Yarn is approx $2.13per kg which is much less than $2.89 per kg China and $2.81 US.
China stands ahead of India in competition where 35% cost advantage in India is basically because of the 100%rise in increasing production of cotton within the past 8 years. Natural fiber is gaining momentum now which has almost lost its position since early 80s to 2000 as against manmade fiber.
Cotton lost its share in the market because of the emergence of Reliance that brought its classy facilities of synthetic yarn. In the year 1982, the share was 62% which came down to 39% in the year 2001. Reason behind loosing the position was the introduction of man-made fiber which was much durable and cheap on cost.
During the mid of 2000, the trend was reversed somehow and ratio of both the fabrics man-made and cotton came out to be 50:50 which gave hope to the sector.
Entrepreneur at Ahmadabad said: High growth in cotton textile of the country is the result of a rise in people’s disposable income and availability of abundance of raw material.
Rise in Indian cotton production, 2000-01 from 1.4crore bales to 2008-09 more than 3crores, has brought a peculiar change in the industry.
Most of the Cotton areas of India went to Pakistan at the time of partition which led to scarcity during that period. It was only after 1970, that a phenomenal growth was witnessed in the cotton production sector of the country, stated by 40yr old veteran, PR Roy.
India has gained the position of net exporter after being cotton importer since around 4years. Due to the huge stock availability in domestic market, India has been able to improve its position in the competition of textile mills significantly.
China is said to be world’s leader as cotton producer with 4.2-crore bales as against India’s production of around 3crore bales. Indian textile mills can bend their reduced cost production process in global market. According to the data collected by International Textile Manufacturers Federation (ITMF), estimated cost of production for Indian cotton Yarn is approx $2.13per kg which is much less than $2.89 per kg China and $2.81 US.
China stands ahead of India in competition where 35% cost advantage in India is basically because of the 100%rise in increasing production of cotton within the past 8 years. Natural fiber is gaining momentum now which has almost lost its position since early 80s to 2000 as against manmade fiber.
Cotton lost its share in the market because of the emergence of Reliance that brought its classy facilities of synthetic yarn. In the year 1982, the share was 62% which came down to 39% in the year 2001. Reason behind loosing the position was the introduction of man-made fiber which was much durable and cheap on cost.
During the mid of 2000, the trend was reversed somehow and ratio of both the fabrics man-made and cotton came out to be 50:50 which gave hope to the sector.
Entrepreneur at Ahmadabad said: High growth in cotton textile of the country is the result of a rise in people’s disposable income and availability of abundance of raw material.
Rise in Indian cotton production, 2000-01 from 1.4crore bales to 2008-09 more than 3crores, has brought a peculiar change in the industry.
Most of the Cotton areas of India went to Pakistan at the time of partition which led to scarcity during that period. It was only after 1970, that a phenomenal growth was witnessed in the cotton production sector of the country, stated by 40yr old veteran, PR Roy.
India has gained the position of net exporter after being cotton importer since around 4years. Due to the huge stock availability in domestic market, India has been able to improve its position in the competition of textile mills significantly.
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