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INDIA: Indian textile sector on ventilator

As the temperature of the recession furnace shoots up, textile sector is feeling the heat of meltdown. Until July 2008, Indian textile sector was considered as the 'sunrise sector' that was positively expected to generate employment opportunities for 17.37 million people upto 2012. But by the end of 2008, the situation turned 'topsy-turvy' the same now becoming a 'sunset sector'. Export figures for July-September witnessed a dip of 35%. Deepening the scars of the slump, the sector, which was regarded as the second largest in the country had laid-off 7 lakh workers in a span of six months. With mounting pressures of the economic slow down, it is feared that more 12 lakh jobs will be axed within the next three months. Packages declared by the Government are believed to be insufficient when compared with competing countries like China and Pakistan. To protect the textile industry a clear cut guideline is essential for repayment of loans, along with a special package for working capital to manage the abrupt increase in the minimum support price for cotton.


Added: March 12, 2009 Source: Agencies







Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More


Salient features / Highlights of the Foreign Trade policy


Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.