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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  
 
 
  December 2017    
 
 
 

We have received a communication from Government of India, Ministry of Textiles dated 24th November, 2017, stating that: “We are grateful for your suggestions on Textile Policy. We are seized of the issues facing the Textile Industry and are pursuing the same at the appropriate levels”.


Textile India Progress is preparing its Pre-Budget Memorandum to Government of India. Textile businessmen are invited to let us have their ideas and suggestions. This would help us incorporate the same, while we make our recommendations to Government of India. We have been asked by Government of India to submit our ideas and recommendations. Our Vision is to serve the country to attain US$350 billion textile output and create 35 million jobs by 2025, as against current textile output of US$150 billion.


Textile India Progress takes great pleasure in profiling Lenzing of Austria, the largest viscose staple fibre manufacture in the world. Lenzing Modal Fibres is a permanent feature in international collections in Fashion Industry. The company has recently opened its State-of-the-art Application Innovation Center in Hong Kong. Lenzing has been highly successful in its figure-hugging products, such as day and night wear and home wear. Lenzing Modal Fibres is well suited to baby and children’s clothing. The company is further expanding its offering of speciality fibers, to be closer to customers and business partners.


Lenzing Group attained a revenue of EUR 2.3 billion in calendar year 2016, with fiber sales volume of 978,000 metric tonnes. The Lenzing Group employs 6,218 persons. The Lenzing Group generated a substantial increase in revenue and earnings in the first nine months of 2017, compared to the prior-year period. The company is continuing implementation of its Group strategy Core TEN in order to further expand the offering of speciality fibers and be even closer to its customers and business partners.


Textile India Progress is pleased to cover Q2FY18 performance of Indo Count Industries Ltd, Himatsingka Seide Ltd., Trident Ltd., Welspun India Ltd. and Grasim Industries Ltd. Mr B.K. Goenka, Chairman, Welspun Group, said “We have increased our focus on branding initiatives with new teams across geographies. Our new campaign for “Spaces” and “Christy” have been well received. We believe our unwavering focus on innovation, branding and sustainability will strengthen the company’s leadership position”

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Mr Anil Kumar Jain, Executive Chairman, Indo Count Industries Ltd, commenting on the performance stated “We faced headwinds in the last few quarters but now we are witnessing improving trend. Our Q-o-Q performance has reaffirmed the same”. Mr Shrikant Himatsingka, Managing Director, Himatsingka Seide Ltd said “We have had a robust operating performance for Q2FY18 and H1FY18. Looking forward, we endeavour to enhance revenues from brands, sweat manufacturing capacities and cement our vertical integrated model with bringing on stream our new Spinning facility by end of Q3FY18”.


Mr Rajinder Gupta, Chairman of Trident said “Last quarter was a stress test for our company with challenges seen from product pricing in textiles to adverse impact of GST in the domestic market. Inspite of these, the company demonstrated high resilience by having increased capacity utilisation in the Bed segment, generating industry leading margins in the paper business, improving cash flows and following prudent capital allocation policy by reducing debt”.