Home / Knowledge / News / Textiles / Rising Re - Not the only problem in textile industry
Rising Re - Not the only problem in textile industry
21
Jan '08
Exports from India are rising at 20 percent and exporters from other sectors have been able to withstand the march of the appreciating rupee. The textile industry on the other hand is one of the biggest sectors to be affected by the rising rupee in exports out of India.

The exports of textiles and apparels are galloping at a fast pace from China, but correspondingly exports from India have showed a decline.

The rupee has appreciated by nearly 15 percent, which no doubt has contributed to the decline, but other sectors have shown resilience in the face of the rising rupee.

There has been a 3 percent fall in apparel and over 15 percent drop in silk textile exports during the fiscal year. The main reason attributed to this downtrend other than the appreciating rupee is the lack of efficient weaving and processing capacities. Secondly, fabrics needed for high quality garments are not manufactured in adequate quantities. The exporters are compelled to import those fabrics.

The skewed textile policy of the 80's & 90's is also partially responsible for the mess. Previously the weaving sector was exclusively reserved for the small scale sector. If someone wanted to set up a big weaving unit he would have to pay excise duty while the smaller units were absolved of the same.

This brought in an imbalance to the overall production capacity in the textile industry. While, big spinning units were being set up, there was no major addition to the weaving and processing capacities in the country due to the above policy of the government. Majority of the funds released under TUFS were chiefly spent on creating new spinning capacities, with only 15 percent being used for these sectors.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search