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

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search