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| 09 August, 2020, 02:37 AM IST | E-Paper
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    Garments / Textiles

    Social enterprises looking at innovative ways to revive handloom sector post-lockdown

    The fear of the unknown is the lived reality of the handloom industry in India. Handloom is the second largest employment provider in the country, after agriculture. According to the 2019-20 National Census of Handloom Weavers, there are 31.44 lakh households engaged in weaving and allied activities, out of which 87% are in rural areas.

    Smriti Irani asks big commercial brands to source directly from weavers

    The Minister for Textiles and Women and Child Development made the remarks in a virtual interaction with Sadhguru, Founder, Isha Foundation. .

    Weavers’ service centres upgradation, new scheme to connect weavers with market on anvil: Textiles ministry

    "There are 28 Weaver Service Centres in India. We had asked students of NIFT to upgrade them with respect to marketing and research,” Irani said. Of these, nine centres in Delhi, Jaipur, Srinagar and Banaras, have already been upgraded.

    Promote handloom products: Textile ministry to e-comm cos, retail firms

    “The e-commerce entities, retail companies and designer bodies have also been requested to promote and amplify the efforts of ministry of textiles to promote handloom products,” textiles ministry said in a statement ahead of the National Handloom Day on August 7 .

    Govt to launch Focused Product Investment Scheme for funding in manmade fibre segment: Textile Secretary

    The government is set to launch the Focused Product Investment Scheme to attract funding in the manmade fibre segment, in an effort to boost India's share in the global textiles market, a top official said on Thursday.

    Sonu Sood may step in to help apparel exporters get back migrant workers

    AEPC chairman A Sakthivel told ET that the council has requested Sood to arrange 100,000 workers immediately as export orders have started picking up. “The order position has improved in July compared to June,” Sakthivel said. “In August, too, the trend is positive and global players are placing fresh orders..”

    Raymond, India’s top suit-fabric maker, cuts jobs as people work from home

    The Mumbai-based company is reducing jobs, rents, and marketing costs to decrease expenses by as much as 35% for the financial year started April 1, Chairman Gautam Hari Singhania said in a virtual interview last week. It has also sought to freeze loan repayments under a one-time program offered by the central bank.

    Cotton Corporation of India (CCI) looks to boost cotton exports to Bangladesh, Vietnam

    ​​A memorandum of understanding is being worked out to export 1.5-2 million bales of cotton to Bangladesh while the state-run CCI will also set up its own warehouse in Vietnam to boost cotton exports.

    India needs to reposition handloom sector and look at larger consumption market: Smriti Irani

    The Minister reiterated the need for youngsters to retain the craft through use of available design technology so as to reduce the challenge that the weaving community has in terms of current feeling of limited opportunities amongst youngsters, and the need for sustaining the handloom sector.

    Indian cotton spinning sector expected to contract 25%-30%: ICRA

    The Indian cotton spinning sector is expected to log a 25%-30% fall in revenue and a 300-400 basis points contraction in margins this fiscal because the pandemic, ratings agency ICRA said.

    Asia to remain dominant player in garment manufacturing in coming decade: Report

    Asia to remain dominant player in garment manufacturing in coming decade: Report

    The outlook for the textile sector highlighted that India and Indonesia, which offer low-cost cheap labour and large domestic markets, may lose out due to the lack of conducive business conditions.

    Textiles industry seeks loan rejig

    Textiles industry seeks loan rejig

    The textile industry has pitched for a one-time loan restructuring, citing a 25-50% drop in overall demand in FY21 due to the Covid-19 pandemic.

    Assam has a good textile policy:  Chandra Mohan Patowary

    Assam has a good textile policy: Chandra Mohan Patowary

    The Ministry of Textiles, Government of India in collaboration with Invest India organized an ‘Exclusive Investment Forum’ webinar. As part of the series, today’s edition focused on textiles and apparel sector. Only five states were invited, Assam being one of them. Other states included Gujarat, Maharashtra, Madhya Pradesh and Telangana.

    Raymond appoints Amit Agarwal as Chief Financial Officer

    Raymond appoints Amit Agarwal as Chief Financial Officer

    He is a veteran CFO having worked with large corporations like Arcelor Mittal, Essar Steel, Suzlon and Jet Airways where he was the CFO and Acting CEO, it added.

    Garment manufacturers say key spares only available in China, awaits imports

    Garment manufacturers say key spares only available in China, awaits imports

    ​​Producers have also said that similar textile materials can be procured from Vietnam, Turkey, Taiwan and Thailand. However, some key accessories and machine spares are available only in China.

    Working from home increases export demand for night wear

    Working from home increases export demand for night wear

    However, the overall demand in the textile industry remains sluggish. A Confederation of Indian Textile Industry (CITI) survey highlighted lack of demand is the main concern of the textile industry in the present circumstances.

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