Banks told to recast Rs 35,000 crore debt for textile sector


NEW DELHI: The government on Tuesday asked banks to restructure loans worth Rs 35,000 crore for the textile sector, bringing relief to the sector, which is reeling under the impact of volatile yarn prices and slowdown in major markets. Banks have an exposure of Rs 1.56 lakh crore to the sector, which means just under a quarter of the loans will be restructured in one of the biggest loan recast programmes. 

The long-pending demand of the industry will benefit around 2,000 cotton textiles mills, a majority of which are in Tamil Nadu, and the man-made fibre segment in Gujarat, where assembly elections are due later this year. Of the overall package, nearly Rs 27,000 crore is expected to be pocketed by the cotton mills, while Rs 3,600 crore will flow to the man-made segment. Before assembly elections in Uttar Pradesh, the government had announced a package for weavers, which included softer loan terms. 

The latest lifeline to the largest employer in the manufacturing sector comes at a time when industrial growth and exports have slowed and there is an all-round demand to boost economic activity. A healthier financial position of Indian textile companies also augurs well for their export competitiveness. The package, finalized after a meeting between finance minister Pranab Mukherjee and commerce, industry and textiles minister Anand Sharma, will include a two-year interest moratorium and conversion of eroded working capital into longer-term loans with three to five year term. 

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Soon, aggressive textile policy for upliftment of cotton industry


SURAT: Chief minister Narendra Modiannounced that the state government is in the process of formulating an aggressive textile policy for the upliftment of the cotton textile industry and taking the ‘made in Gujarat’ brand to the foreign shores. 

Modi said the government is working on five ‘F’- farm, fibre, fabric, fashion and foreign. 

“We are the leading cotton producing state in the country. Now we want to transform the state’s cotton industry as a leader in yarn manufacturing, cloth manufacturing, readymade garment manufacturing and later we will reach out to the world market with our products,” he said. 

“Why there is a need to export our cotton? All the cotton produced will pass from different stages of manufacturing in the state itself and then we will capture the world market. We want the world buyers to flock to Gujarat in search of readymade garments,” he added. 

Interestingly, Modi himself had hit out at the UPA government for banning cotton exports recently. 

Modi’s announcement has not gone down well with the textile entrepreneurs, weavers and industrialists in the city. Reason: Surat is the country’s biggest man-made fibre industry and it is facing a tough competition from the cotton yarn and cotton garments in the domestic as well as international markets. 

“The aggressive policy for textile as announced by the CM is only for the cotton sector. Surat is a man-made fibre hub and there is nothing for us to welcome the announcement,” said a leading textile entrepreneur 

He added, “The formulation of the new textile policy for cotton by the state government would put the city’s man-made fibre hub at risk. Many industrialists, weavers and entrepreneurs may turn to cotton-based textile production instead of using polyester yarn.”

New code of conduct to make sustainable change in textile


The UN Global Compact launches its first sector-specific initiative, a code of conduct for the entire fashion industry.

The launch will take place at the Danish Fashion Summit, and in the lead-up to this event Novozymes has been collaborating with the Danish Fashion Institute to provide ideas for sustainable textile production. The input will be passed on for use in the UN Global Compact Code of Conduct.

“Fashion is one of the most polluting industries in the world. The fashion industry has a need to show the world that it can change into a more sustainable path, and to do so it’s crucial that we build partnerships and exchange ideas across the industry,” says Eva Kruse, CEO of Danish Fashion Institute.

At the Fashion Summit, a whole catalog of ideas for a more sustainable textile industry will be delivered to the UN by the Danish Fashion Institute.

“We can’t force companies into sustainability, but we can inspire and motivate them through existing solutions and new technologies – and the input we have had from Novozymes has given our input for sustainability in the textile industry a big boost,” Eva Kruse continues.

Sustainable savings
The textile industry has an option to take a sustainable path. 

Every year, 9 million tons of knitwear is produced. Saving between 1 and 1.3 tons of CO2 emissions for each ton of knitwear produced, enzymes can save 0.3 kg of CO2 per T-shirt and 9 million tons of CO2 annually. That is equivalent to removing 4 million cars from the road.

Production of our T-shirts also requires huge amounts of water. Enzymes are naturally efficient processing aids that can accelerate processes and work in synergy to shorten production processes and handle more steps at once. Through this ability, enzymes have been proven to save 70,000 liters of water per ton of knitted fabric produced in a textile mill. That is about 20 liters per T-shirt.

Sustainable input
To provide ideas and input for the UN Global Compact Code of Conduct, Novozymes has focused on several areas. One of these concerns clean technologies that can reduce energy and water consumption as well as reducing waste in the textile industry. Another area of input focuses on textiles produced using environmentally friendly energy sources.

“Our main focus has been to provide input and inspiration for how the textile industry can move away from processes with high water and energy consumption. With biotech a textile mile could save water and energy. The technology exists today, but we need accelerate change,” says Pernille Lind Olsen, Marketing Manager at Novozymes.

“At Novozymes we hope that the UN Global Compact Code of Conduct will help the industry to move toward more sustainable production of textiles,” says Pernille Lind Olsen. “The industry needs to initiate sustainable change itself. The world really needs it, customers will demand it, and politicians will eventually decide on it.”

5 textile processing units dismantled


Erode, Apr18 (PTI): Five textile dyeing and printing units in Periyasemur area on the outskirts of the city have been dismantled by the District Environmental Monitoring Committee for allegedly discharing untreated effluents into water sources and for operating without proper licence. Committee members raided the units yesterday and found them discharging untreated toxic effluent into water sources. They also found none of the five factories had obtained licences or permission of Pollution Control Board. Two units have obtained power supply by producing false records, officials said. The factories were dismantled and the power supply disconnected. Pollution Control Board personnel said they would take action against the factory owners. They said they have dismantled 119 such factories in and around Erode in the last five months for operating without any license.

 

SOURCE: IBN LIVE

Made in Italy textile machinery workshops in India



ACIMIT, the Association of Italian Textile Machinery Manufacturers, is organizing two important workshops in Mumbai and Ichalkaranji (India). Italy’s response to the strong demand for technology by the local textile industry.

India is the world’s second largest market in terms of value for textile machinery imports (amounting to 1.11 billion euros). Italian technology is especially in demand. In fact, 133 million euros worth of Italian textile machinery was sold to India in 2011, a 19% increase compared to the previous year.

“Our companies have been observing developments in India for some time now,” states Sandro Salmoiraghi, President of ACIMIT, “Business opportunities have multiplied, particularly in recent years, owing in part to the incentives set up by the Indian authorities to promote the modernization of local industry.”

To meet this growing demand for Made in Italy textile machinery, ACIMIT is organizing two important events with Indian textile manufacturers. Mumbai and Ichalkaranji will play host to two workshops to be held on May 8 and 10, at which various Italian machinery manufacturers will be presenting their latest technology proposals.

The following Italian machinery manufacturers will be taking part: Canalair, Cs Automazione, Fimat, Flainox, Itema, Jaeggli Meccanotessile, Ptmt, Smit, Testa. The workshops, organized by ACIMIT, are part of the “Machines Italia in India” program financed by the Ministry for Economic Development, which has entrusted the organization to the Federmacchine group (the Federation of Italian Manufacturers of Capital Goods).

“Machines Italia in India” is an initiative aimed at supporting the internationalization activities of businesses in the sector, in an area that is currently experiencing some of the most intense economic development anywhere in the globe.

 
ACIMIT