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PROFILE  
 
 
 
Our Mission is to attain US$ 350 billion textile output and create 35 million jobs by 2024-2025, as against current US$ 150 billion textile output

                         

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  
 
 
  August 2018    
 
 
 
Textile India Progress is grateful to Government of India, for its decision taken in GST Council meeting on 21st July, 2018 to allow refund of accumulated credit on account of inverted duty structure to fabric manufacturers. Fabrics attract GST at the rate of 5% subject to the condition that refund of accumulated ITC on account of inversion will not be allowed. However, considering the difficulty faced by the fabric sector on account of inverted duty structure, the refund shall be allowed with prospective effect on the purchase made. We are also grateful to Government of India in its decision to increase import duty on 76 textile and apparel items at 6 digit level, to protect the domestic manufacturers from rising imports. The import duty which was earlier 10% will now be 20% for these items. There has been increase in import duty of 24 knitted apparel categories, 24 woven apparel categories, 10 categories of carpet, 6 nonwovens categories, 3 categories of laminated fabric, 2 knitted fabric, 2 categories of woven fabric, 2 categories of made-ups and 3 other categories. This is a very positive move by Government and has given a major relief to the garment and carpet manufacturers, as they were going under immense pressure post GST. This move will prevent apparel imports from China, which is the largest supplier of apparel to India.
 
The Vision Document of Government of India, Ministry of Textiles, has targeted to attain US $ 350 billion textile output and create 35 million jobs by 2025, as against US $ 150 billion textile output currently. Our journal has contributed innovative ideas and inputs to Government of India and hope the many recommendations made by Textile India Progress would be implemented, by the various Ministries of Government of India.
 
Indian textile industry has an exponential growth potential, if various Ministries of Government of India implements all recommendations made by Textile India Progress. India’s domestic consumption and exports can increase substantially, if we can consider export incentives for the textile sector. Government must also motivate entrepreneurs to set up projects for Technical textiles and make Technical Textiles mandatory for use in certain sectors. Government of India must consider 4% duty drawback on exports of man made fibres, man made filament yarns made-ups, fabrics, garments and all products. On the GST rate on textiles, it is necessary for Government to lower GST rates across textiles on all sectors, right from man made fibres, man made filament yarns, made-ups and several other products, which will bring down prices and curb textile imports. This is necessary because of the high cost of production of textiles in India.
 
Textile India Progress requests Government of India to address several unresolved issues with a view to enhancing textile output for domestic consumption and exports. Textile India Progress is pleased to contribute its innovative ideas and recommendations to Government of India periodically, with the objective of growth of Indian textile industry, to attain US $ 350 billion textile output and create 35 million jobs by 2025.