Guide To Increase Profit Margins in Textile Industry

All businesses, whether big or small, are always on the lookout for ways to increase their profit margins. This especially holds true in case of manufacturers, for the simple reason that when the magnitude of the stock is greater, even a slight increase in the margins can prove to be substantially profitable. This holds true for the textile industry as well.

Future of Indian Textile Industry

Future of Indian Textile Industry

One of the oldest sector in India, textile sector also happens to be the largest in the country. However, in the decade gone by, the industry has been plagued with a plethora of issues ranging from government regulations to economic slowdown and many others. In fact, there even came a time where small players like Pakistan, Bangladesh and Sri Lanka, which any considerable strength in the sector raced ahead of India in many sectors. Nonetheless, Indian textile sector bounced back with full strength and even managed to achieve an exemplary GDP of over 6%. Moreover, it was only during the decade gone by, that the Indian textile and clothing industry was officially integrated with the World Trade Organisation.

Mills Online - Selling Stocklot Wasn’t So Simpler Earlier

It has been quite some time now that technology has taken over in our lives. Connectivity whether it is through the internet or the mobile platform has taken a huge leap, and boundaries seem to wither with each passing day. 

Is The Internet The Right Stimulus For Indian Textile Industry?

India, the second-largest producer of textiles and garments, has been eyeing to be a sourcing hub, riding on the back of a skilled labor force and opulence of cheap raw materials. With Indian Textile Industry accounting for a quarter of the global spindle capacity, its potential size is speculated to reach US$23 billion by the end of this decade.

Being the second largest employment generating sector in the country after agriculture, Textile Industry has got a huge bearing on the country’s economy. Hence, a holistic development of this sector is imperative for GDP expansion. Infusing the right kind of technology with this industry is definitely the roadmap to tap the entire market potential.

How Simple Is It to Buy and Sell Goods from TextileStock.In!

For those who are unaware of what exactly TextileStock.in is, it is an online inventory of textile stock in India that is ready to be sold. This portal works on the simple principle of availing all the requisite information regarding a stocklot on sale so that the buyer can make an informed choice, and the seller can get a fair price for the material. And all of this with a few simple clicks of the mouse.

Make in India Week - New Textile Policy Likely to be Out by April

As per Mr. Santosh Gangwar, the Union Textiles Minister, it is highly likely that the government may introduce a new textile policy in April. This policy will plausibly target the growth of the industry for the coming 10 years and will look forward to achieving a whopping target of over $300 billion in textile exports and lead to the creation of over 35 million employment opportunities, thus strengthening the industry even further. Mr.Gangwar, present at the Make in India Week, quoted “The long-awaited National Textile Policy is nearing finalisation and is likely to be issued before the end of April 2016”. He said that talks and consultations with the stakeholders are going on and was quite confident about the policy to be released in the budget session. According to him, the policy will embrace all concerns pertaining to various aspects including labour reforms, investments in the sector, and provision of a road map for further developments in the same. The policy is also slated to look into the concerns raised by the skilled workforce of the industry.

Delinking subsidy from bank loans a great boon for Indian textiles

Powerloom Machine

The Maharashtra Government, led by the Bhartiya Janata Party or the BJP has recently announced the provision of subsidy to owners of textile mills that wouldn’t be linked to bank loans. In what can be denoted a first-time move by the government, the textile industry on the whole would gain immense benefits. This has come to be of major relief to the large majority of Muslim powerloom owners, who had been demanding this delinking for a long time now. These Muslim powerloom owners, along with a large number of workers had always felt that the usury as well as the bank loans were against their religion, considering the fact that Islam does not allow the practise of taking or giving loans.

Reinvent Domestic Textile through Dyeing

What does one do when domestic textiles such as clothes and apparels, bed sheets or curtains grow out of fashion, or simply old? While throwing these away or changing them with new ones are the alternatives most usually taken, one way to deal with them can be by reinventing them into something totally different, simply by the way of dyeing.

Tamil Nadu announces Schemes to boost textile Industry

It was only this month that the Tamil Nadu State Government announced various schemes to boost the state’s textile industry. In fact, the Chief Minister of the State, Ms Jayalalitha also waved a green flag for the setting up of a panel which is assumed to aid integrated development of this sector.