India's overall exportdrops in july India’s merchandise exportin July 2016 was valued at US$21.69 billion (INR145,770 crore),down6.8 per cent (1.6 per cent lower in INR terms) compared to the levels in July 2015. Total exports for the period April-July2016-17 was down 3.6 per cent at US$87 billion (INR528,731 crore, up 1.6 per cent) over the same period last year. Imports in July 2016 were valued at US$29.5 billion (INR197,932 crore) and were 19 per cent lower (14.5 per cent lower in INR terms) over the level of imports in July 2015. Cumulative imports for the period April-July 2016-17 was at US$113.99billion, down 16.3 per cent (INR763,687 crore, down 11.8 per cent) over the same period last year. Crude oil imports declined 28.1 per centin July 2016 and 25 per cent drop during April-July 2016-17. In similar comparison, non-oil imports were 15.8 per cent lower in July 2016 and 13.4 per cent lower in April-July 2016-17. As a result, trade deficit for April-July, 2016-17 was at US$26.99 billion, which was lower than the deficit of US$45.98 billion in April-July, 2015-16. Indian textile sector may get hurt by TPP Textile and clothing sector accounts for roughly 5 per cent of India’s GDP,…
MONTH DATE DAY TITHI STD TIME CHANDRA NAKSHTRA CHANDRA RASHI SURYA RASHI FEBRUARY 1 Monday Vad 8 9.21 /12.52 Swati Tula Makar POSH MAS 2 Tuesday Vad 9 18.30 Anuradha Vruchik Makar 3 Wednesday Vad 10 09.56 Anuradha Vruchik Makar 5 Friday Vad 12 09.48 /12.52 Mul Dhanu Makar MAGH 13 Saturday Sud 6 18.29 Ashwini Mesh Makar 16 Tuesday Sud 9 09.07 Ashwini Mesh Kumbh 17 Wednesday Sud 10 18.37 Mrugshirsh Vrushabh Kumbh 22 Monday Sud 15 12.52 Magha Sinh ( Leo) Kumbh 25 Thursday Vad 3 12.51 Hasta Kanya Kumbh 27 Saturday Vad 5 10.26/12.51/18.35 Chitra Tula Kumbh 28 Sunday Vad 5 10.22 Swati Tula Kumbh Vad 6 12.51 Swati Tula Kumbh MARCH 1 Tuesday Vad 7 10.23 / 12.51 Anuradha Vrushik Kumbh MAGH Vad 8 18.42 Anuradha Vrushik Kumbh 3 Thursday Vad 9 10.07 /12.50 Mul Dhanu Kumbh Vad 10 18.45 Mul Dhanu Kumbh 5 Saturday Vad 11 09.59/12.50/19.46 Utar shadha Makar Kumbh 6 Sunday Vad 12 09.55/12.50 Shrawan Makar Kumbh FAGAN 11 Friday Sud 3 9.35 Rewati Meen Kumbh 12.50 Ashwini Mesh Kumbh 14 Monday Sud 6 09.34/12.47 Rohini Vrushabh Kumbh Sud 7 18.46 Rohini Vrushabh Kumbh 25 Friday Vad 2 9.59/12.44/18.49 Chitra Tula Meen 28…
· In 3 weeks 3 big shows in Surat ie. Garfab ,SITEX 2016, SITME 2016. Textile and Garment technology fair, displayed machines are Embroidery, high speed weaving, digital textile, processing, yarn predatory machine, spare parts etc category. · Embroidery patch work and Lace in demand in sarees. Surat traders got orders from Punjab, Delhi, Rajasthan, Haryana. Not good wedding season, for summer season soft / pastel colours in demand. 60gms soft polyester, georgette, shiffon, net fabrics, dyed, printed fabrics, Printed, sibori, tie and tie is in demand. Sarees with pastle colour & dark colour blouse in demand which is selling at Rs. 500/700 to Rs. 1500/2000. Surat traders are not working without catalog, as retailer asking for 12- 16 set of catalog. · Central government reduced custom duty from 5% to 2.5 %. So imported fibers, Fabrics will be in demand, importing fabric and exporting garments / made ups will be highly beneficial to exporters. But this will affect domestic fiber, yarn and fabric manufacturer/ suppliers. · Central government levied duties on synthetic fibers. But who makes the PSF & PFY through waste plastics, they are also into radar. If company takes CEN VAT then its 12.5 % excise duty…
TUFS Central government declared new TUFS policy in which notification is about remaining TUFS subsidy funds. But this notification is not clear to many of the industry people. Embroidery machines subsidy is not clear, surat industry planning many big investment in embroidery segment, they are not very happy. Surat’s weaving , embroidery, processing segments have more than 1000 cases pending from 2-3 years. Surat industry have made one committee by chamber, for subsidy, data will be collected and will be presented in front of textile commissioner. Central Government declared 17822 crore of fund ( 12671 crore for old cases and 5151 crore for new cases). But with previous UID number and subsidy there is no clarification given. New UID number will be generated or not, which segment how many subsidy requested, cases pending etc. all will be discussed with the textile commissioner. A-TUFS capital subsidy reduced to 10-15 %, here they have given limitation for investment. PROMISSORY NOTE To reduce the cheating and bankruptcy of Surat grey fabric manufacture, weavers association decided to start the Promissory note. Promissory note means a letter prepared during fabric sales. In surat, past years many cheating cases have been seen, last year more than…
Panipat majorly make Blankets. Winter season market production started, 25% price hiked due to large demand. Blanket peak season is from Oct to January ( Production Side) , after that weavers make garments from same machine. Handloom weaved Blankets now not only woven by Powerloom, but also with modern automated machine & Circular knitting machines. By Circular knitting ; polar blanket, mink blanket, fleece blanket are made. Government supply for Military, Railway, hospitals higher quality wool used, for which selling price is Rs. 400/ Kg. For regular, polar blanket polyester, viscose yarn sells at Rs. 175 / Kg. Few manufacturer import used, rugged sweaters, blanket from other countries, they cut the fabric, make a regenerated fibers from it, which can be converted to shoddy blanket which is cheap and inferior in quality, this blanket sells at Rs. 100 / Kg. 
Ichalkaranji Report Textile Friends visited Ichalkaranji on 16th October, 2015, 2nd Field visit to understand the market dynamics. Group have following members : Mr. Suresh Kotak from Kotak Commodities ; Mr. M.L. Jhunjunwala from RSWM; Mr. Sharad Tandon from Stadon consulting ; Mr. Shiv Kanodia from Bharat Merchant Chamber; Mr. Manish Daga from COTTON GURU ; Ms. Jigna Shah from Textile Value Chain Media. Objective of the group to understand the problems of the industry, hear their voice, give report to Textile Commissioner & as industry well wisher help them to grow in industry. We met few industry stalwarts for understanding the realities. First company met was M/S. Su-Parshwa Group, with MD Mr. His inputs are for the cluster : · No demand in market. · Power subsidy at Rs. 3-4/kg. · Power cost Rs. 3.50-4/unit · Gujarat Rs. 7-8/unit · Ex minister Prakash Awade very helpful to weaving industry in Ichalkaranji. · TUF subsidy stopped was very helpful when upto 30 % · 24 mts 1997, 24 2014 picanol m/cs (AirJet, 16 Rapier) · Sell grey fabric to Ahmedabad, Delhi, Kolkata. · Both sale purchase and job work · 80 % job work. Max 40x40 60x60 · Production :…
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