Home / Knowledge / News / Textiles / Textile SEZs going out of favour
Textile SEZs going out of favour
28
Dec '09
The changed global economic scenario is giving second thoughts to textile and apparel companies who were planning to set up shop in Special Economic Zones (SEZs). For these enterprises, it is more fruitful to book space in dedicated textile or apparel parks. In a SEZ, it is mandatory to export, while in the textile and apparel parks one has the option to deliver to both the markets, domestic and overseas.

Recently, two apparel SEZs, one in Surat and the other in Ahmedabad had applied for de-notification of SEZ status, since they were finding it difficult to lure apparel manufacturers and exporters considering the slowdown in exports, since the last one year. A slew of textile SEZs had been announced across India in the boom period before the economic turmoil broke out, to cash in from exports of textiles and apparels.

In recent days, two textile parks have begun operations in Gujarat. Vraj Integrated Textile Park Ltd (VITPL), at an estimated cost of Rs 1.2 billion by the Chiripal Group near Ahmedabad and Surat Super Yarn Park Ltd, the Rs 1.07 billion project of the Nakoda Group. Both have been set up under the Union Textile Ministry sponsored, Scheme for Integrated Textile Parks (SITP).

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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