MARC (Mangal Analytics and Research Consulting)’s Post

Textile Update (15/10/2024) * The IMF has urged Pakistan to remove preferential treatment for its agriculture and textile sectors to boost economic growth. * Gujarat's new textile policy has led to Surat factory owners preferring Maharashtra's Navapur for setting up factories. * Indo Count Industries' stock surged after acquiring US-based Modern Home Textiles. * Cambodia's textile exports grew 24% in Jan-Sept, defying global trends. * Inditex, Zara's owner, launched a $54.63 million fund for textile innovation. * Cotton yarn prices in north India remained stable due to slow demand. * Flora Textiles' stock hit an all-time high, outperforming the sector. * Morarjee Textiles hit a 52-week low and received a 'Strong Sell' rating.

Why are Surat's textile giants heading to Maharashtra? Simple. The grass is cheaper (and greener) on the other side - especially when it comes to power bills. The textile landscape in Gujarat is on the cusp of a shift, with 130 Surat-based textile units already settled in Maharashtra's Navapur region. Why the migration? Lower power rates, cheaper land, and lucrative subsidies are driving this exodus. While Gujarat's new textile policy promises hope, the race is on to offer competitive benefits and keep the industry from moving across state lines. Here’s what we can learn from this scenario: 1. Power Prices Matter: In Maharashtra, textile units enjoy rates as low as ₹3–5.30 per unit, compared to Gujarat’s ₹8.50. Every rupee saved can lead to huge savings in energy-intensive industries like textiles. 2. Incentives Drive Expansion: Subsidies on land and construction costs in Maharashtra are hard to ignore, with factory owners saving millions on setup. 3. Capital Investments Follow Opportunity: Investments of ₹25 crore or more by textile firms relocating to Maharashtra show that businesses are willing to invest heavily if the incentives are right. 4. Policy Pushes and Pulls: With Gujarat’s new textile policy being rolled out, industry leaders are watching closely to see if capital and power subsidies will be enough to keep future expansions local. 5. Regional Competition is Real: Maharashtra is positioning itself as an attractive hub for Surat’s textile factories. This competition might just push Gujarat to up its game. 6. Future-Proofing the Industry: As Surat’s textile moguls look at setting up in Maharashtra’s Bhaler MIDC, it’s clear that early planning and strategic location choices can future-proof their businesses. In a rapidly changing industrial landscape, the real winners will be those who adapt to new opportunities and make bold moves. #TextileIndustry #BusinessStrategy #GujaratTextiles #Maharashtra #PolicyShift #PowerSubsidies #IndustrialExpansion

*Scheme update* The Government of Gujarat (Industries and Mines Department) introduced the Gujarat Textile Policy 2024 yesterday with an objective to boost investments, strengthen the textile value chain across all sub-sectors, and focus on the garments, apparel, and technical textiles industries. Please refer to our flyer to understand more on the scheme and reach out in case any clarification on the same is required. Pranav Shukla Gautam Pai Sneha Maheshwari Shekhar Yadav #textiles #technicaltextile #gujarat #industry #policy #plischeme

UP Government in talks for over Rs. 10,000 crore investment for textile units 1) The textile industry in Uttar Pradesh stands to gain the most from industry disruptions resulting from Bangladesh's political turmoil. 2) An estimate states that since the recent political unrest started, between 700 and 1000 small and medium-sized clothing and textile factories in Bangladesh have closed. 3) According to sources, major brands have proposed to the Yogi Adityanath Government to open stores at a new textile park on Lucknow-Hardoi Road. There are 1,162 acres in the park. Arvind Mills, Vardhman, Mukesh Ambani's Reliance Industries Ltd., Ahuja Textile Mill, and others are proposing an investment of Rs. 10,000 crore there.

UP Government in talks for over Rs. 10,000 crore investment for textile units 1) The textile industry in Uttar Pradesh stands to gain the most from industry disruptions resulting from Bangladesh's political turmoil. 2) An estimate states that since the recent political unrest started, between 700 and 1000 small and medium-sized clothing and textile factories in Bangladesh have closed. 3) According to sources, major brands have proposed to the Yogi Adityanath Government to open stores at a new textile park on Lucknow-Hardoi Road. There are 1,162 acres in the park. Arvind Mills, Vardhman, Mukesh Ambani's Reliance Industries Ltd., Ahuja Textile Mill, and others are proposing an investment of Rs. 10,000 crore there.

The textile industry plays a vital role in the global economy, encompassing the production of fibers, yarns, fabrics, and finished products. It spans multiple sectors, including apparel, home textiles, and industrial fabrics. With innovations in technology and machinery, the industry has evolved to offer faster production, higher quality, and sustainable practices. Key trends like smart textiles, eco-friendly materials, and automation are reshaping the market. The demand for sustainable and ethically produced fabrics has led to a rise in eco-conscious brands, focusing on reducing waste and carbon footprints. Additionally, textiles have expanded beyond fashion, with applications in medical, automotive, and construction industries. As the industry adapts to new challenges, it remains a significant player in manufacturing and global trade. Contact Us : ++91 9913155789, +91 9998161261 / +917069066556 57, Neptune Estate , Near Karnavati Estate, Behind Royal Hotel, Opposite Thakar Thal, Odhav Vastral, Ahmedabad - 382415, Gujarat, INDIA. automation.dhyan@gmail.com #agarbattimachine #agarbattimachines #agarbattimachinery #agarbattimachinerocket #agarbattimachinepiston #agarbattimachinepistonset #agarbattimachinespareparts

Driving India's Global Textile Powerhouse: A Vision for 2030 The Indian textiles and apparel sector stands at a pivotal moment, with projections to hit a remarkable $350 billion by 2030, driven by strong exports and innovation. From expanding cotton production to achieving $100 billion in exports, India's textile industry is scaling new heights with robust demand, strategic government initiatives, and increasing investments. With policies like the Production-linked Incentive (PLI) Scheme and 100% FDI, India is rapidly positioning itself as a global textile hub. The establishment of 75 textile hubs and the rise of major textile clusters across states like Gujarat, Tamil Nadu, and Maharashtra further solidify this momentum. Let’s gear up for the transformative journey of India's textile industry, empowering skilled manpower, fostering sustainable growth, and capturing world markets. #IndianTextiles #ApparelIndustry #ExportIndia #Growth2030 #TradeInnovation #SustainableGrowth #TextileHub

🌟 Announcement of new Gujarat Textile Policy 2012 🌟 Gujarat has long been a leader in India's textile industry, and the Gujarat Textile Policy 2012 further strengthens its position through a comprehensive strategy aimed at enhancing every stage of the value chain – from Farm to Fashion to Foreign Exports. Key benefits of this policy include: 1. Interest Subsidies 💰 Up to 7% interest subsidy for spinning and garment/made-up units, supporting expansion, diversification, and modernization. 2. Energy and Power Subsidies ⚡ A power tariff subsidy of ₹1 per unit for 5 years, promoting cost efficiency and sustainability in cotton spinning and weaving units. 3. Skill Development and Employment 👩🏭 Special initiatives for training and development, addressing the shortage of skilled labor, particularly in garment manufacturing. This creates substantial employment opportunities for rural women. 4. Support for Technology Upgradation 🛠️ 50% financial assistance for acquiring advanced technologies, fostering innovation in textile processes and improving global competitiveness. This policy is transforming Gujarat's textile sector into a powerhouse of value-added manufacturing, creating opportunities for local farmers, industry players, and workers. #GujaratTextilePolicy #TextileIndustry #SustainableGrowth #SkillDevelopment #Innovation #Manufacturing

Andhra Pradesh Textiles Ecosystem  India's textile and apparel sector contributes 5% to the nation's GDP, 7% of industrial output, and 12% of export earnings, making it a cornerstone of our economy. And when it comes to production, Andhra Pradesh stands out! * The state accounts for 5% of India’s cotton production, with 11.62 lakh metric tons annually, and is the 2nd largest producer of raw silk, housing 8 jute mills. * With a robust infrastructure of 36 lakh spindles, 238 ginning units, 150 spinning mills, and 653 garment units, Andhra Pradesh is a major hub for textile manufacturing and processing. * Known for its rich handloom and handicraft heritage, the state boasts a skilled workforce that supports this dynamic industry. Andhra Pradesh continues to lead India’s textile and apparel sector, positioning itself as a global manufacturing and export powerhouse. World Trade Centers Association | World Trade Center Visakhapatnam | Varaprasad Reddy Yarram | Vamsi Krishna Jadala | Sandeep Dogiparthi | Sree Chaithra Janapati | Shravan Kumar #TextileIndustry #AndhraPradesh #ApparelManufacturing #CottonProduction #IndianTextiles #Handlooms #MadeInIndia #TextileHub

The cotton textile industry is one of the oldest and most significant industries in India, contributing significantly to the country's economy and employment. Key states involved in cotton textile production include Maharashtra, Gujarat, Tamil Nadu, Karnataka, Andhra Pradesh, and Punjab. Maharashtra and Gujarat lead in the production of cotton yarn and fabric due to their favorable climatic conditions, availability of raw materials, and well-established infrastructure. Tamil Nadu is renowned for its spinning mills, while Punjab specializes in hosiery and knitwear. The industry not only caters to domestic demand but also plays a crucial role in India's exports, making it a vital sector for the nation's growth. #cottonyarn #organiccotton #yarnmarket #textileindustry #ecofriendlycotton #cottonthreads #premiumcotton #yarnsuppliers #cottonexport #qualityyarn #textilesolutions #cottonweaving #yarnfortextiles #yarnmarketing