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PROFILE  
 
 
 
Transforming India's Textile & Apparel Industry

                         

Textiles - Apparel - Fashion - Synthetic Fibres & Filament Yarns - Textile Machinery & Technologies - Accessories & Components - Dyestuffs & Chemicals

Transforming India’s Textile and Apparel Industry to Attain $350 Billion Output by 2025

Textile India Progress is a journal, dedicated to the overall textile industry, including standalone spinning mills, integrated textile mills, powerloom and handloom sectors. The monthly journal’s objective is to espouse the cause of the Indian Textile and Apparel Industry. The journal is in regular dialogue with textile leaders and Government of India, with a view to fructifying the National Textile Vision document and National Textile Policy, which has set the target for Indian Textile and Apparel Industry to grow from currently $110 billion to $350 billion by 2025 (domestic $200 billion and export $150 billion).


With this ambitious target, textile industry can alter the job scenario and manufacturing landscape thereby fulfilling Prime Minister’s Vision to put textile segment as part of “Make in India” program. It is possible to attain this ambitious target, but difficult to implement many of the innovative ideas. These innovative ideas can be successfully implemented with the co-operation of Industry and Government of India. Traditional millowners need to change their mind set of running only spinning units and they must put up processing plants, going for forward integration.


India is exporting cotton yarn, spun yarn and polyester filament yarn together accounting for $7 billion and if India exports processed fabrics, the value addition will be $35 billion, which is five times the value of yarn exports. If India exports garments, the value addition will be $70 billion, which is ten times the value of yarn exports.


Textile India Progress objective is to work with the Government of India and Textile Corporate Leaders, with a view to contribute its innovative ideas, with the objective of exporting from India value added products, like processed fabrics and garments. The journal believes that if its suggestions are accepted we can attain $350 billion textile and apparel output by 2025, from current $110 billion textile and apparel output. The journal also is hopeful of increasing India’s textile exports, if we focus on exporting value added products, rather than cotton yarn, spun yarn and polyester filament yarn.


Mr Raju Chandran, Managing Editor, Textile India Progress has submitted a Pre-Budget Memorandum dated 11 November, 2014 to Prime Minister of India. Prior to this, Mr Santosh Kumar Gangwar, Minister of Textiles, Government of India invited Mr Raju Chandran on 12 September, 2014. Later on, at the Confederation of Indian Textile Industry (CITI’s) Asian Textile Conference on 22 September, 2014, about 500 businessmen interacted, with Senior Officers of Government of India, in which Mr Raju Chandran was also invited to participate. Textile India Progress is confident that under the leadership of His Excellency, Mr Narendra Modi, Prime Minister of India, it is possible to attain Government of India’s ambitious target of $350 billion textile and apparel output by 2025 and Textile India Progress has offered its support to Government of India and India’s Corporate Textile Leaders.

 
 
     
 
LETTER FROM PUBLISHER  
 
 
  October 2017    
 
 
 
Textile India Progress is thankful to Government of India, for accepting our recommendations and announcing reduction in tax rates on man-made yarns from 18 per cent to 12 per cent. We are privileged and grateful to Government of India and its entire team in Ministry of Finance and Ministry of Textiles, for giving us an opportunity and involving us, right from the beginning in the consultation and discussion process, with regard to “Strategies and Policies for the Growth of Indian Textile and Apparel Industry”. Our Mission is to take up the problems with Government of India, in consultation with Indian textile industry and make suitable recommendations, for changes in Government policy. Our Mission is to put all efforts to attain US$350 billion textile output per annum and create 35 million jobs by 2025, as against current textile output of US$140 billion. We are committed to serving our country, by working with Government of India and the Indian textile industry, in our Honorary Capacity, with a view to attaining our Vision.
 
Lakshmi Machine Works Ltd is a totally integrated spinning system supplier dedicated to the global spinners and Industry 4.0 standards in all the products. Textile India Progress profiles the various products and technological excellence of the company. LMW has created Benchmarks in Excellence and ROI and has presented Industry 4.0 Solutions. LMW has emerged as a leading manufacturer of the entire range of spinning machinery from Blowroom to Auto cone winding machinery with over 42 million spindles installed worldwide. Technological solutions inbuilt in the product further emphasises LMW’s commitment to innovation, world-class excellence and customer focus. In today’s time, where the cost reduction and energy conservation have become imperative for a textile mill, LMW spinning solutions addresses a host of challenges faced by the textile mills such as effective utilisation of raw material, human resources, automation and power saving solutions and quick ROI.
 
Reliance Industries Ltd reported an operationally good quarter, while announcing its 2QFY18 results. Commenting on the results, Mr Mukesh D. Ambani, Chairman and Managing Director said “Our Company reported another quarter of robust performance. I am delighted to share that this includes the financial performance of Reliance Jio, which had a positive EBIT contribution in its first quarter of commercial operations. The results also reflect strong underlying fundamentals of our refining and petrochemicals businesses. Sustained growth coupled with supply disruptions further tightened demand-supply balances globally during the quarter. The benefits of optimizing our business through new projects are beginning to emerge. The structural strength in energy and materials business environment augurs well for our new capacities, which are coming on-line this year.” Textile India Progress is pleased to profile the performances of the various businesses of Reliance Industries Ltd.
 
Grasim Industries Ltd and Arvind Ltd have announced to make combined investments of Rs 4,400 crore in State of Gujarat. Grasim would be investing Rs 4,100 crore towards setting up of two plants each at Vilayat GIDC and Kharach-Kosamba in Baruch District. Arvind Ltd would be setting up a mega apparel factory with a proposed investment of Rs 300 crore to produce 24 million garments per annum.
 
Trident Ltd, one of the leading home furnishings major is betting big on the India market. Having focussed on the domestic market for the last three years, home furnishings major, Trident Ltd expects a 50-60 per cent jump in sales. “We are looking to increase our footprint in India, owing to the large growth potential here”, said Mr Rajneesh Bhatia, Vice Chairman, India Marketing, Trident Ltd.