Powerloom numbers to enlarge from TUFS - Chairman, PDEXCIL
Mr Bharat Chhajer, Chairman, PDEXCIL
The number of powerlooms in Gujarat and also India are expected to shoot up, thanks to the revival of the Technology Upgradation Fund Scheme (TUFS), says Mr Bharat Chhajer, Chairman of Powerloom Development & Export Promotion Council (PDEXCIL).
Speaking to fibre2fashion, he informed, “In India we have 2.25 million powerlooms. Earlier there were very ordinary and automatic looms, but after the TUFS scheme was launched, there are now 1.1 million shuttle-less looms, which will now increase after the revival of TUFS.
“We expect an increase of 500,000 all over the country in the next two years, including, ordinary, automatic and shuttle-less looms. In Gujarat, there are around 40000-50000 powerlooms in cotton textiles and around 400,000 looms, weaving synthetic fabrics in and around Surat. The number of powerlooms involved in cotton textiles in Gujarat is also expected to shoot up by 50,000.”
Speaking about TUFS, he said, “A long awaited demand of textile industry to revive TUFS has been accepted. Earlier, knowledge and advantages of the scheme was very limited, due to which the fabric industry had a tough time, competing against the likes of China. But, now, China is becoming less and less competitive. So now the revival of the TUFS scheme will be taken in right earnest, by the sector”.
Regarding the performance of the textile sector in Gujarat, he equivocally said, “As such Gujarat has specialised in processing of textile fabrics, and despite the economic slowdown of the last three years, the fabric processing sector has grown by 75 percent, which indicates a positive outlook for the textile sector, particularly in Ahmedabad. However, since Gujarat does not have the capacity to meet the demand for yarn from the cotton fabric weaving sector, we have to mainly depend on Maharashtra and the Southern states to meet the requirements”.
Providing information about GITS, a buyer-seller meet being hosted by PDEXCIL, he said, “GITS is one of a unique buyer-seller meet in which, we invite foreign buyers, by bearing all their traveling as well as their accommodation cost. They are selected buyers from different countries and we put up the maximum number of exhibitors at the event. The small exhibitors who do not have international exposure can get it at very negligible cost, which is the main aim of the event.
“The first event held in March was very successful and encouraged by the success; even the Ministry of Commerce has sanctioned money for the second event. In this event, around 100 foreign buyers and around 40-50 companies from India are participating, with exhibitors totaling to around 150 from across India. In the first edition, we did a business of around Rs 2 billion and this year we expect around Rs 4-5 billion”, he concluded by saying.
Fibre2fashion News Desk - India
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