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sayani78544544 · 2 years ago

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Mixed year for jute, government gave help to make industry strong again.

In 2023, the jute industry had ups and downs. The money-making crop had a big harvest, but in the middle of the season, not many people bought it. The government helped and made everyone hopeful again. Even though the use of factories went down temporarily, there is hope for the rest of the jute year (from July 1, 2023 to June 30, 2024) because orders are still coming in and the Centre is helping with good rules.

Raghav Gupta, who is the chief of the Indian Jute Mills Association, said, "The year had good and bad things, but we are still looking forward positively."

Kisan App

"In the beginning, there was a lot of supply. But between September and November, demand was weak. This led to a 20-25% decrease in plant capacity and low demand for raw jute. However, a government push beginning in mid-December improved how much businesses wanted and sold." He said this.

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An expert in jute and a former chairman of IJMA said, "Support from the center was important."

Gupta said, "By carefully watching and making sure things are okay, the situation became better." He hopes that the use of capacity will get better in the new year because government offices are expected to start ordering more jute packaging.

Government actions gave the needed help. Rules for using Jute in 2023-24 say we need to use all the food grains and 20% of sugar in bags made from jute. This increases belief in this area. The Minimum Support Price (MSP) for raw jute was increased by Rs 300 per quintal. This helped both mills and farmers - around 4 lakh workers and 40 lakh farm families in the country.

Because a lot of jute was harvested, the price for raw jute dropped below MSP. But the Jute Corporation of India (JCI) made more efforts to buy jute. By October 29, they got 8.43 lakh units of jute and it was valued at Rs 393 crore. This was 100% more than what they got in 2022.

"We have 110 Department Stores and 25 Outside Agencies buying things for the MSP. We also added 70 extra places to store things in West Bengal, Assam, Bihar, Odisha, Andhra Pradesh and Tripura. This makes sure that the buying goes smoothly," said the general manager of JCI, K Mazum

To keep helping farmers, the person in charge of jute made it so they have to buy at least the minimum buying price until January. This is because by then, hopefully the market will recover because the mills need more things. The government still buys a lot, about Rs 9,000 crores worth of bags made of jute for packaging food.

There are still some problems, but it looks like the jute industry is getting ready to bounce back in the next part of the jute year. This is helped by the government's backing and a better view boosted by fresh demand, people who care about this said.

#agriculture #farming #farmer #farminglife #india #agriculturenews #agriculturenewstoday #indianfarmers

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daisyri-me · 4 years ago

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Technical Textiles Market Determined by Business Summary, Industry Profile, Products, Services and Solutions Forecast 2022

Industry Insights

The Technical Textiles industry was valued around USD 143.75 billion in 2014, owing to increasing diverse end use applications. Technical textile is mainly developed to fulfill non-aesthetic functions such as safety and comfort. Molded with advanced technology to perform the specific function such as a shield for humans in extreme weather conditions, these types of textiles are named in various ways such as technical textile, industrial textile, and functional textile.

Major factors that are expected to influence the industry include the technological breakthrough in medical textiles to amplify opportunities for surgical and diagnostic tools. Also, growing demand for geotextiles in anticipated to be yet another driver for the market.

Developing markets of the Asia Pacific, Middle East, and Latin American region are expected to drive product demand, especially in the automotive industry in the regions. Technical textiles are used for the construction of transportation system accessories such as airbags, air balloons and seat covers.

Specific characteristics of the product such as high durability, adaptability, and superior performance make this technology attracted by various textile manufacturers. These textiles owing to their superior properties over traditional textiles are being used to provide special functions.

Increasing R&D investments by the industrial participant in the past few years have been the main factor in the development of various novel products. As product demand have been seen increasing significantly in the past few years the industry players have been seen taking serious steps to develop novel applications in accordance with demand from the consumers. These trends are anticipated to drive the market over the forecast period.

The versatility of technical textiles has made them applicable to various fields in the textile industry. High raw material cost including both natural or manmade is anticipated to be a major challenge for industry participants. The absence of sufficient skilled workforce globally for manufacturing of these products is expected to be yet another factor to restraint the industry growth over the forecast period. The reinforcement of embankments is presumed to offer sufficient opportunities for the industry participants over the forecast period owing to the fact that it is global accepted. Emerging need of quality products and services in Latin America and Asia Pacific is anticipated to witness fast acceptance of these products across various industries.

Technology Insights

Apart from natural fibers such as cotton and jute artificially developed fibers, filaments and yarns are some prominent raw material used in the manufacturing of technical textiles. Technologies such as 3D knitting, thermoforming, 3D weaving, heat-set methods, finishing treatments, nanotechnology, hand-made methods, and others are the leading manufacturing technologies in the present scenario. Thermoforming, 3D knitting, and 3D weaving are the mainly used methods towing to better quality in the end product. Nanotechnology being the new process in developing technical textiles are expected to witness higher acceptability over the forecast period.

Textiles thermoforming is a heat treatment process that is used to mold composites that contain fabric layers. Indutech, Mobiltech, Hometech and Packtech, segments majorly use this technology. Products such as conveyor belts, spacer fabrics, surgical implants geotextiles, and webbings are manufactured using 3D weaving process.

The heat-set process is a thermal process which is carried out either in moist or dry heat atmosphere. Three-dimensional knitting technology can give an accurate measurement. It results with minimum requirements for cutting the final product and is used to manufacture complete garments. The innovation of this technology led to the minimization of post labor work, with more efficiency regarding time and productivity.

Access Sample Report of this report @ https://www.millioninsights.com/industry-reports/technical-textiles-market/request-sample

End-Use Insights

The global technical textile industry has been divided into various segments that include indutech(Industrial Textile), mobiltech(automobile), sportech(Sports Textile), hometech(Domestic Textile), buildtech(Construction textiles), clothtech(Clothing textile), agrotech(agro textile), packtech(ackaging Textile), meditech(Health Care Textile), protech(Protecting Textile), and others.

Owing to the rapid and constant advancement in automobile technology, mobiltech has the largest share in the overall market in the recent past which was followed by the Indutech technology.

Regional Insights

Asia Pacific industry dominated the industry in 2014. It is expected to account for around 43% of the overall demand by 2022. North American market is expected to decline moderately in the next few years owing to moderate growth of the end-use industries. Various countries in the Asia Pacific region such as India and China are expected to be some of the leading markets in the region.

Increasing infrastructure development in Asia Pacific and Central & South American regions owing to various initiatives taken the respective governments and the developing healthcare industry in these region is expected to augment demand for these products in the next few years.

Competitive Insights

The market is fragmented with numerous multinationals such as Strata Geosystems Ind. Pvt. Ltd., DuPoint, Johnson & Johnson, Ibena Textilewerke GmbH, SRF, and Ahlstrom. These industry participants are involving in various acquisitions with various other multinational or local manufactures and even distributors with the aim of increasing their annual production and also enhance product range.

Industry players such as Avintiv have recently increased its product prices and have also taken over Duonor S.A.S as a strategic move in order to meet regional demand and acquire substantial market share with the integration of novel technologies.

For More Information visit @ https://www.millioninsights.com/industry-reports/technical-textiles-market

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

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appearels · 5 years ago

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Apparel export earnings drop 5.71% in July-January

Export earnings from apparel items fallen by 5.71% in July-January 2019-20 period in comparison to July-January 2018-19. According to the Export Promotion Bureau (EPB) data, earnings from RMG (Ready-made Garments) export for Export performance (Goods) for FY 2019-20 July-January is USD19.06 billion. Earning from woven garments fell by 6.29% to $9.44 billion in July-December of FY2019-20 from $10.07 billion in the same period of last fiscal year. On the other hand, knitwear export fell by 5.13% to $9.62 billion from $10.14 billion. “December and January are supposed to be peak months and we haven’t picked up yet as the problems, the industry is facing, still exist,” Bangladesh Garment Manufacturers and Exporters Association President Rubana Huq said. She said that prices of products had not gone up after the minimum wage hike and the sector continued having problems of overcapacity accompanied by a strong currency. “I am afraid if the anti-export bias and a few perceptions of us having sufficient support do not end, we will continue to be where we are and may expect worse,” Rubana said. Mohammad Hatem, first Vice-President of the Bangladesh Knitwear Manufacturers and Exporters Association, blamed low prices of RMG products and decreased procurement by the buyers for the negative export growth. He also expressed that the Bangladesh RMG sector imported 60 percent of its raw materials from China and if the outbreak disrupted supply chain, the country’s (Bangladesh) export would be affected badly for coronavirus outbreak. . China extended its New Year holidays for two more weeks due to the coronavirus outbreak and the extended holidays might a cause for the shipment delay or air shipment of export goods for Bangladesh. He also said that the virus outbreak might be an opportunity for Bangladesh to grab more share in the global market as buyers might search alternative sourcing. The home textile export fell by 9.7% to $442.67 million in the period from $490.2 million in the same period of last fiscal year. On the other hand, jute and jute goods export witnessed a 20.82% leap compared to the same period of last fiscal year. The sector earned $602.49 million July-December of FY2019-20 from $498.66 million in the same period of last fiscal year.

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jffc-in-blog · 7 years ago

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Govt hikes raw jute MSP by Rs 200 to Rs 3,700/quintal for 2018-19

http://bit.ly/2JoOidi #700QuintalFor201819, #AgricultureMinistry, #Budget201819, #Ccea, #MinimumSupportPrice, #MSP, #PrimeMinisterNarendraModi, #RawJute, #RawJuteMSPHikedByRs200, #RawJuteMSPHikedByRs200ToRs3

#700/quintal for 2018-19 #Agriculture Ministry #Budget 2018-19 #ccea #minimum support price #MSP #prime minister narendra modi #raw jute #raw jute MSP hiked by Rs 200 #Raw jute MSP hiked by Rs 200 to Rs 3

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containerhomeideas · 6 years ago

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Textile Industry in India

Current Status

The textile industry holds significant status in the India. Textile industry provides one of the most fundamental needs of the people. It is an independent industry, from the basic requirement of raw materials to the final products, with huge value-addition at every stage of processing.

Today textile sector accounts for nearly 14% of the total industrial output. Indian fabric is in demand with its ethnic, earthly colored and many textures. The textile sector accounts about 30% in the total export. This conveys that it holds potential if one is ready to innovate.

The textile industry is the largest industry in terms of employment economy, expected to generate 12 million new jobs by 2010. It generates massive potential for employment in the sectors from agricultural to industrial. Employment opportunities are created when cotton is cultured. It does not need any exclusive Government support even at present to go further. Only thing needed is to give some directions to organize people to get enough share of the profit to spearhead development.

Segments

Textile industry is constituted of the following segments

o Readymade Garments

o Cotton Textiles including Handlooms (Millmade / Powerloom / Handloom)

o Man-made Textiles

o Silk Textiles

o Woolen Textiles

o Handicrafts including Carpets

o Coir

o Jute

The cottage industry with handlooms, with the cheapest of threads, produces average dress material, which costs only about 200 INR featuring fine floral and other patterns. It is not necessary to add any design to it. The women of the house spin the thread, and weave a piece in about a week.

It is an established fact that small and irregular apparel production can be profitable by providing affordable casual wear and leisure garments varieties.

Now, one may ask, where from the economy and the large profit comes in if the lowest end of the chain does not get paid with minimum per day labor charge. It is an irony of course. What people at the upper stratum of the chain do is, to apply this fabric into a design with some imagination and earn in millions. The straight 6 yards simple saree, drape in with a blouse with embroideries and bead work, then it becomes a designer¡|s ensemble. For an average person, it can be a slant cut while giving it a shape, which can double the profit. Maybe, the 30% credit that the industry is taking for its contribution to Indian economy as good as 60% this way. Though it is an industry, it has to innovate to prosper. It has all the ingredients to go ahead.

Current Scenario

Textile exports are targeted to reach $ 50 billion by 2010, $ 25 billion of which will go to the US. Other markets include UAE, UK, Germany, France, Italy, Russia, Canada, Bangladesh and Japan. The name of these countries with their background can give thousands of insights to a thinking mind. The slant cut that will be producing a readymade garment will sell at a price of 600 Indian rupees, making the value addition to be profitable by 300%.

Currently, because of the lifting up of the import restrictions of the multi-fiber arrangement (MFA) since 1st January, 2005 under the World Trade Organization (WTO) Agreement on Textiles and Clothing, the market has become competitive; on closer look however, it sounds an opportunity because better material will be possible with the traditional inputs so far available with the Indian market.

At present, the textile industry is undergoing a substantive re-orientation towards other clothing sectors of textile sector, which is commonly called as technical textiles. It is moving vertically with an average growing rate of approximately two times of textiles for clothing applications and now account for more than half of the total textile output. The processes in making technical textiles require cost machinery and skilled workers.

The application that comes under technical textiles are filtration, bed sheets and abrasive materials, healthcare upholstery and furniture, blood-absorbing materials and thermal protection, adhesive tape, seatbelts, and other specialized application and products.

Strengths

. India enjoys benefit of having plentiful resources of raw materials. It is one of the largest producers of cotton yarn around the globe, and also there are good resources of fibers like polyester, silk, viscose etc …

. There is wide range of cotton fiber available, and has a rapidly developing synthetic fiber industry.

. India has great competitiveness in spinning sector and has presence in almost all processes of the value chain.

. Availability of highly trained manpower in both, management and technical. The country has a huge advantage due to lower wage rates. Because of low labor rates the manufacturing cost in textile automatically comes down to very reasonable rates.

. The installed capacity of spindles in India contributes for 24% share of the world, and it is one of the largest exporters of yarns in the global market. Having modern functions and favorable fiscal policies, it accounts about 25% of the world trade in cotton yarn.

. The apparel industry is largest foreign exchange earmarking sector, contributing 12% of the country's total exports.

. The garment industry is very diverse in size, manufacturing facility, type of apparel produced, quantity and quality of output, cost, requirement for fabric etc. It imports suppliers of ready-made garments for both, domestic or export markets.

Weakness

Massive Fragmentation:

A major loop-hole in Indian textile industry is its huge fragmentation in industry structure, which is led by small scale companies. After the government policies, which made this deformation, have been gradually removed now, but their impact will be seen for some time more. Since most of the companies are small in size, the examples of industry leadership are very few, which can be inspirational model for the rest of the industry.

The industry veterans ports the present productivity of factories at half to as low as one-third of levels, which might be attained. In many cases, smaller companies do not have the fiscal resources to enhance technology or invest in the high-end engineering of processes. The skilled labor is cheap in absolute terms; however, most of this benefit is lost by small companies.

The uneven supply base also leads barriers in attaining integration between the links in supply chain. This issue creates uncontrollable, unreliable and inconsistent performance.

Political and Government Diversity: The reservation of production for very small companies that was imposed with an intent to help out small scale companies across the country, led substantial fragmentation that reflected the competitiveness of industry. However, most of the sectors now have been de-reserved, and major entrepreneurs and corporates are putting-in huge amount of money in establishing large facilities or in expansion of their existing plants.

Secondly, the foreign investment was kept out of textile and apparel production. Now, the Government has gradually eliminated these restrictions, by bringing down import duties on capital equipment, offering foreign investors to set up manufacturing facilities in India. In recent years, India has provided a global manufacturing platform to other multi-national companies that manufactures other than textile products; it can certainly provide a base for textiles and apparel companies.

Despite some stimulating step taken by the government, other problems still sustains like various taxes and excise imbalances due to diversification into 35 states and Union Territories. However, an outline of VAT is being implemented in place of all other tax diversifications, which will clear these imbalances once it is imposed fully.

Labor Laws: In India, labor laws are still found to be reliably unfavorable to the trades, with companies having not more than ideal model to follow a 'hire and fire' policy. Even the companies have often broken their business down into small units to avoid any trouble created by labor unionization.

In past few years, there has been a movement gradually towards reforming labor laws, and it is anticipated that this movement will uplode the environment more favorable. Distant Geographic Location: There are some high-level disadvantages for India due to its geographic location. For the foreign companies, it has a global logistics disadvantage Due the shipping cost is higher and also takes much more time comparing to some other manufacturing countries like Mexico, Turkey, China etc. The inbound freight traffic has been also low, which affects cost of shipping – though, movement of containers are not at reasonable costs.

Lack of trade memberships: India is serious lacking in trade pact memberships, which leads to restricted access to the other major markets. This issue made others to impute quota and duty, which put scissors on the sourcing quantities from India.

Opportunities

It is anticipated that India's textile industry is likely to do much better. Since the consumption of domestic fiber is low, the growth in domestic consumption in tandem is anticipated with GDP of 6 to 8% and this would support the growth of the local textile market at about 6 to 7% a year.

India can also grab opportunities in the export market. The industry has the potential of attaining $ 34bn export earnings by the year 2010. The regulatory polices is assisting out to enhance infrastructures of apparel parks, Specialized textile parks, EPZs and EOUs.

The Government support has ensured fast consumption of clothing as well as of fiber. A single rate will now be prevalent throughout the country.

The Indian manufacturers and suppliers are improving design skills, which include different fabrics according to different markets. Indian fashion industry and fashion designers are marking their name at international platform. Indian silk industry that is known for its fine and exclusive brocades, is also adding massive strength to the textile industry.

The industry is being modernized via an exclusive scheme, which has set aside $ 5bn for investment in improvement of machinery. International brands, such as Levis, Wal-Mart, JC Penny, Gap, Marks & Spencer and other industry giants are sourcing more and more fabrics and garments from India. Alone Wal-Mart had purchased products worth $ 200mn last year and plans to increase buying up to $ 3bn in the coming year. The clothing giant from Europe, GAP is also sourcing from India.

Anticipation As a result of various initiatives taken by the government, there has been new investment of Rs.50,000 crore in the textile industry in the last five years. Nine textile majors invested Rs.2,600 crore and plan to invest another Rs.6,400 crore. Further, India's cotton production increased by 57% over the last five years; and 3 million additional spindles and 30,000 shuttle-less looms were installed.

Forecast till 2010 for textiles by the government along with the industry and Export Promotion Councils is to attain double the GDP, and the export is likely attain $ 85bn. The industry is anticipated to generate 12mn new jobs in various sectors.

How to upholding textile Industry

Weak infrastructure may be a hindrance which can be overcome with better network and with the willingness to share profit by loyalty bottom up and patronization from above downwards.

. By putting more retail outlets,

. With better value added products,

. By taking the lowest end of the chain into confidence and building their capacity to innovate more and more.

. By upholding the market knowledge at every level that happens at higher-end that lifts the chain.

. By building on the expertise for technical textiles that include bed sheets; filtration and abrasive materials; furniture and healthcare upholstery; thermal protection and blood-absorbing materials; seatbelts; adhesive tape, etc which need skilled workers who are not easy to find in an Indian market.

. By keeping a regular research and development department with regards to the industry

. By building up the peripheral market with regular update of new accessories.

. By integrating the disorganized sectors into one segment that is functionally independent of each other's unwanted stranglehold

. By putting affiliated efforts into the sector

. By creating a state owned cargo-shipping mechanism: with rationalizing fiscal duties; upgrading technology through the Technology Up-graduation Fund Scheme (TUFS);

. By setting up of Apparel Parks

. By clearing off bottlenecks in the form of regulatory practices

. By replacing the indirect taxes with a single nationwide VAT

. With liberalization of contract norms for textile and garments units

. By controlling export of raw materials

. By curtailing the drawback claims falsely boosted invoice value of exports

. By effectively installing a price discovery mechanism to track market trend to take effective measures before hand a slump

How to promote textile exports

For promotion of exports the measures which should be taken up are

. Up gradation of textiles sector

. Policy level decision to achieve export target

. Woven segment of readymade garment sector and knitwear have been de-reserved

. Technology Up-gradation Fund Scheme to be pursued till next five years

. Liberalization of FDI Policy with up to 100 per cent foreign equity participation

. Import of capital goods at 5% concession rate of duty with appropriate export obligation under

Export Promotion Capital Goods (EPCG) Scheme and clearly laid out EXIM policy

. Advance Licensing Scheme with standard input-outputorms

. Prescribed Duty Exemption Pass Book (DEPB) Scheme credit rates

. Duty Drawback Scheme wherein the exporters are allowed refund of the excise and import duty loss on raw materials

. Construction of Apparel International Mart by Apparel Export Promotion Council to provide a world class facility to the apparel exporters to exhibit products and built international reputation

. Setting up of quality checking laboratories

. Apparel Park for Exports Scheme to invite international production units along with in-house production floors.

Source by Gaurav Doshi Textile Industry in India

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