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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  
 
 
  February 2018    
 
 
 
His Excellency, Narendra Modi, Prime Minister of India, spoke at the World Economic Forum in Davos, Switzerland on Tuesday, 23 January, 2018. Narendra Modi put up India’s Power on Show at the Davos Meet and said that India is aiming at becoming a $ 5 trillion economy by 2025 and laid out his Vision for a New India in a multipolar world. His 50-minute speech touched upon cyber security, the digital and big data revolutions, artificial intelligence, terrorism and climate change, while promoting Yoga, Ayurveda and the Indian way of life. Speaking in Hindi, formally launching the World Economic Forum, Modi urged world leaders to embrace open trade policies instead of erecting protectionist barriers to take unfavourable economic headwinds. Forces of protectionism are raising their head against globalisation. Their intention is not only to avoid globalisation themselves, but also to reverse its natural flow. The result of this is what we get to witness new type of tariff and non tariff barriers, the Prime Minister said. Modi is the first Indian Prime Minister to give the plenary address at the World Economic Forum.
 
Textile India Progress is happy to do an Editorial Cover Feature on Prime Minister Narendra Modi’s speech at the World Economic Forum. The Prime Minister also addressed Indian CEO’s at Davos and held a roundtable dinner with 60 CEO’s including from global corporates. The Prime Minister discussed issues with his Canadian counterpart Justin Trudeau, met Queen Maxima of Netherlands, had a bilateral meeting with Swiss President Alaibn Berset and met other world leaders during his visit to Switzerland.
 
Raju Chandran, Managing Editor, Textile India Progress, in response to a letter from Government of India, has conveyed his suggestions for growth of Indian textile industry. Raju Chandran has recommended to Government of India to introduce innovative reforms in textile industry, with the objective of attaining $350 billion textile output per annum and create 35 million jobs by 2025, as against present $140 billion textile output per annum, accounting for $40 billion export and $110 billion domestic consumption. He said Indian textile industry accounts for 30% of the country’s industrial output and that the industry has always been focussing on exporting commodity products like fibre and yarn and not garments. We need to change our mind set and go for value added and innovative products such as automotive, medical and construction textiles. Giving an example, he said that India is exporting $9 billion worth of cotton yarn, spun yarn and polyester filament yarn and if these products are converted into garments, we can export $90 billion worth of textiles, but our value added advantages are being taken away by our competitors, as they import our commodity products and convert them into garments and earn value added therefrom.
 
Raju Chandran said that there is an exponential potential for growth in Automotive, Construction and Medical textiles and we need to be innovative in our thoughts and change our mind set of working and get out of the commodity products manufacture and mature into producing of garments and niche products. If we can do that, we can even  exceed our projection of $350 billion output by 2025 and India can work towards attaining $500 billion output by 2025.
 
Reliance Industries Ltd has attained an excellent performance for the quarter/nine months ended 31st December, 2017. Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Ltd said, “I am happy to share record-setting consolidated quarterly earnings to mark the 40th anniversary of Reliance’s listing in 1978”.
 
Jakob Müller AG, Frick, Switzerland is one of the reputed narrow fabrics machinery manufacturers in the world. In less than two centuries, since the beginning of industrialisation, the changes in the narrow fabrics industry have been breathtaking.  Jakob Müller AG has many Innovations and Textile India Progress is pleased do a Special Feature on Jakob Müller AG in this issue.