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