Tirupur knitwear sector seeks Textile Bank

GMT 13:17 2015 Monday ,16 March

Sriyadithatextile - Tirupur knitwear sector seeks Textile Bank

Creation of a ‘Textile Bank,’ a separate policy for man made fibres and polyester, a processing zone for dyeing sector, and direct marketing facilities for power loom weavers, figured in the report submitted by the cluster here to Union Ministry in response to its draft action plan for apparels sector. The suggestions were obtained by the CII (Tirupur district council), and Sripuram Trust (a body of textile sector representatives). The Union Ministry had recently brought out a draft ‘Vision, strategy and action plan’ for textiles and apparels sector. Vision document The Ministry had elicited views to be incorporated in the final vision document. CII (Tirupur district council) chairman Raja Shanmugam told The Hindu that the creation of a Textile Bank, similar on the lines of the recently approved small banks project, would help the sector to get low cost funds for capacity expansion, and value-addition. Credit The cluster want the Ministry to have a mechanism by which assured institutional credit linkage facilities are made available with all the textile park projects. “If a textile park project is linked to certain banks as in the case of residential building projects, it will be easy for entrepreneurs to open their units immediately after the allocation of space,” Mr. Shanmugam said. A significant suggestion that came from the entrepreneurs here was the need for a separate policy for man made fibres and polyester. The sector recommended for opening outlets similar to the ‘Uzhavar Sandhai’ (farmers’ market) to help power loom weavers market the fabrics directly to apparel makers avoiding middlemen. “The suggestions were a joint result of the views expressed by various associations and entrepreneurs in Tirupur,” Mr. Shanmugam said.

Global Textile News

CAI maintains 2018-19 cotton

Estimate at 315 lakh bales

google
The Cotton Association of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

FESPA
Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

google
HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

Deshpande urges PM

To slash GST rates

google
Revenue minister RV Deshpande on Sunday urged Prime Minister Narendra Modi to respond to the slowing economy by slashing goods and services tax (GST) rates,…Read more

#CottonIs-Cool

Smriti Irani’s cotton campaign trends on Twitter

google
A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

google
Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -