Home / Knowledge / News / Textiles / ITF gives advice on raising fabrics export
ITF gives advice on raising fabrics export
11
Jul '16
The Indian Texpreneurs Federation (ITF) has lauded the government's initiatives for creating a growth-conducive platform for the Textile value chain and forwarded some suggestions aimed at achieving the export target of $ 300 billion by 2024-25 to the new Union Minister of Textiles Smriti Zubin Irani.

Congratulating the new Textile Minister in a letter, ITF Secretary Prabhu Dhamodharan said in the last two years, the ministry had created a good platform for growth by improving efficiency in the system and introducing a few good policies to trigger growth in the sector.

The domestic textile industry, he said, was now equipped with capacities to export fabrics and can capture this huge market if the ministry and industry worked in tandem.

An immediate Preferential Trade Agreement with UK would help strengthen India's position, Dhamodharan said, adding that apart from the traditional markets, tremendous effort was required to tap new markets such as Russia.

In spite of technological advancements, India was not able to figure out the exact crop size or provide correct estimates and stock levels of cotton, leading to heavy speculation as witnessed in the last 60 days, when there was a 35 per cent spurt in prices.

Thus, the government should institutionalise a strong mechanism to analyse and announce the exact cotton crop and stock data once a month, he suggested.

Pointing out that the fashion world was moving towards Cotton-Man Made Fibre (MMF) blends, the ITF sought duty rationalisation of MMF fibres warning that the Indian industry would lag behind in one of the fastest growing segments in the textile sector.

Mr Damodharan also appealed to the minister to visit the important textile clusters in the country and establish a direct connect with regional industry associations to understand the scope of growth of each cluster and renew collaboration towards growth right away. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search