Global Textiles & Apparels - Daily E-Paper Global Textiles & Apparels E-PAPER - (03 August 20

Daily E-Paper MAHENG/2007/20880 Vol. 01 No. 106 Mumbai, Friday, 03 August 2018 Pages 06 Special Package to Boost Export of Textiles Myanmar to promote Apparel Production INSIDE NEWS New Delhi: India has the potential to become one stop sourcing destination for brands and retailers from ASEAN. There are opportunities for textile manufacturers from ASEAN to invest here and cater to domestic market as well as exports because of competitive advantages available in India including availability of raw material, trained man-power and presence of the entire textile value chain. Further, 100% FDI is allowed in the textile sector under automatic route. To increase exports of textile and apparel, Government has announced a Special Package for garments and made-ups sectors. The package offers labour law reforms, additional incentives under Amended Technology Upgradation Fund Scheme (ATUFS), enhanced duty drawback coverage and relaxation of Section 80JJAA of Income Tax Act. Further, the rates under Merchandise Exports from India Scheme (MEIS) have been enhanced from 2% to 4% for apparel and made-ups from 1st November 2017. Products such as fibre, yarn and fabric in the textile value chain are being strengthened and made competitive through various schemes like Powertex for fabric segment, ATUFS for all segments except spinning and Scheme for Integrated Textile Parks (SITP) for all segments. Government is also providing interest rate subvention for pre and post shipment credit for the textile sector and gives assistance to exporters under Market Access Initiative (MAI) Scheme. Faisalabad: The Faisalabad Chamber of Commerce and Industry (FCCI) had blamed lukewarm attitude of previous governments for impairing the textile exporters' ability to maintain their presence in international markets thus decreasing export from $26 billion to $18 billion. FCCI said that the Government in-waiting should start homework right now to announce special package based on already formulated PTI Textile Policy so that it could be implemented immediately with the taking over of powers by the PTI government in centre. This decline had plunged the national economy in deep crisis and despite of pressing demands of the textile sector, the declining trends continued to prevail as Governments took only cosmetic steps to the satisfy the business community. On the other hand regional competitors including Bangladesh captured markets and now its textile export has jump to 30 billion dollar while Pakistani exports are dwindling far behind. Govt. Blamed For Declining Textile Exports Export fall in FY 2018 New Delhi: The Government said that the textiles & apparels exports dropped by nearly Rs 8,000 crore to Rs 2,30,056 crore in 2017-18 owing to competition from emerging economies like Bangladesh and Sri Lanka which enjoy preferential duty access in key markets. The country's textiles and apparel exports stood at Rs 2,37,922 crore in 2016-17. The current cotton season (October 2017 to September 2018), shipments of cotton from the country are expected to touch 70 lakh bales, registering a 20 per cent increase over the previous season. While 51.2 lakh bales have been exported up to April 30, 2018, no target as such has been set for cotton exports. There is no proposal to frame a separate policy for export of cotton, as its shipments are dependent on various factors including demand and supply conditions and the ruling domestic prices vis-a-vis international prices. SAATHI initiative Launched New Delhi: Ministry of Textiles and Ministry of Power have joined hands under the initiative SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help Small Industries) in order to sustain and accelerate the adoption of energy efficient textile technologies in the powerloom sector and cost savings due to use of such technology. Energy Efficiency Services Limited (EESL), a Public Sector entityunder the administrative control of Ministry of Power, will replace old inefficient electric motors with energy efficient IE3 motors which will result in energy and cost saving up to 10-15% in the first phase. The use of these efficient equipments will result in energy savings and cost savings to the unit owners at no upfront cost. Powerloom clusters at Ichalkaranji, Bhiwandi, Erode, Surat, Bhilwara and Panipat have been identified for pilot study. Myanmar: Smart Myanmar has urged all the apparel factories in Myanmar to minimise the use of fuel. It might be recalled that when the 4-year project (2016 to 2019) was started two years back, it strongly endorsed and promoted ‘sustainable consumption and production’ of apparels that are ‘Made in Myanmar’. The project not only focusses on investment in good steam system but also recommends garment factories to use solar thermal system. The solar thermal system helps save energy by minimising the usage of fuel that is required to heat the water. The project also intends to recommend factories to go for fabric scrap boilers so as to burn the fabric scraps safely. Smart Myanmar also would ask factories to address issues such as water pollution in the environmental policies of the company. The garment has quickly emerged as the fast-growing sector in Myanmar’s economy and if the factories adopt the recommendations suggested by Smart Myanmar, it will not only help the factories in reducing the cost but also help the country in easily heading towards its 2020 export projection of US $ 8-10 billion. Focus Incubation Centre Inaugurated By Minister A Step toward INNOVATION by NITRA Mumbai: Innovation is the key to success, sustenance, and growth in today’s highly competitive customer driven market place. There is no denial the fact that today every customer is demanding as well as discerning. Page 05