Home / Knowledge / News / Textiles / SIMA & PDEXCIL to study fabric market behaviour
SIMA & PDEXCIL to study fabric market behaviour
05
Dec '15
The Southern India Mills' Association (SIMA) and Powerloom Development & Export Promotion Council (PDEXCIL) have decided to join hands to study the fabric market on a continuous basis and give feedback to the spinning and powerloom sectors and also to the Government SIMA said in a press release.

Both the organizations jointly convened an interaction meet in Coimbatore on December 4 today to discuss the weaving yarn market and fabric market conditions and also devise a methodology to study the market behaviour, particularly in the domestic market.

SIMA and PDEXCIL members expressed their concerns about the unhealthy competition created both in the domestic and export markets. They hoped that the recently announced MEIS and IES export benefits for fabric and other finished goods could improve the market condition in the coming months.

They also felt that all the textile manufacturers in Tamil Nadu should focus making future investments only in wet processing and further value addition to sustain the viability of 47 per cent of the spinning capacity and 22 per cent of the powerloom capacity in the country. They decided to appeal to both the Central and State governments to give necessary assistance to create required processing capacity within Tamil Nadu, the release said.

The SIMA-PDEXCIL meeting came in the backdrop of the predominantly cotton based spinning and powerloom sectors in the country facing severe recession during the last 18 months due to the glut in the global market and higher duties imposed on Indian textile products when compared to other textile manufacturing countries.

The meeting was also prompted by the mass closure of dyeing units in Erode and other parts of Tamil Nadu that has now forced weavers in Tamil Nadu to process the fabric in other parts of the country resulting in high transport cost and increased lead time thus making them uncompetitive. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Priyanka
Studio Priyanka Rajiv

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

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

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

Tony Ward
Tony Ward

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search