TEXTILEVALUECHAIN’s Post

Textile update 09/12/2024 * The Indian textile sector is expected to attract significant investments. * Bihar government plans to transform the state into a textile hub. * CONVERGE'24, an event organized by INVIYA® (INDORAMA), celebrated innovation and collaboration in textiles. * Several textile companies are appointing top professionals as CXOs. * Bharat Tex 2025 aims to strengthen UK-India textile relations. * The Union Minister promised support to the textile sector in Guntur, including subsidies and park revitalization. * Akshar Spintex, a microcap textile company, hit a 52-week low and received a "Strong Sell" rating. * Aditya Birla Fashion and GIZ India launched circularity guidelines for the Indian textile industry. * Odisha state approved investment projects worth $16.08 billion, including in the apparel & textiles sector. For any content writing in articles and magazines content: [email protected] #textile #textileindia #textileindustry #fashion #fashionindustry

🌟 Weaving a New Chapter for Andhra Pradesh's Textile Sector 🌟 Imagine a state where every thread of cotton tells a story of opportunity. Andhra Pradesh, India's #6th largest cotton producer, is now spinning its strengths into an unparalleled vision with the Andhra Pradesh Textile, Apparel, and Garments Policy (4.0) 2024-29. This policy isn't just about numbers—though attracting ₹10,000 crores in investment and creating 2 lakh jobs in five years is no small feat. It's about reimagining the state's textile ecosystem, bridging gaps in value addition, and enabling the transformation from yarn to global fabric. With a focus on sustainability, local empowerment, and cutting-edge technology, this initiative sets the stage for Andhra Pradesh to become a hub for global textile innovation. Let's stitch this future together! Are you an investor, entrepreneur, or industry leader? Now is the time to be part of this exciting transformation! Reach out to explore how the new policy can unlock opportunities for your business and contribute to the growth of India’s textile future. #TextilePolicy #AndhraPradesh #InvestmentOpportunities #Sustainability #BusinessGrowth #TextileIndustry #ApparelManufacturing #MSME #JobCreation #TextileInnovation #MadeInIndia #InvestmentInTextiles #TextileHub #CircularEconomy #EconomicGrowth #GreenTextiles #IndustrialPolicy #GovernmentIncentives #TechTextiles

Madhya Pradesh stands as a pivotal hub in the #textile industry, attracting over 25,000 investments in Textile & Garment sectors.  It produces 38% of India's organic cotton, with a remarkable 60% CAGR in the last three years. The state boasts traditional textiles like Chanderi, Tussar Maheshwari, and Bagh Print, hosting 60+ large textile mills and a thriving readymade garment cluster with over 200+ operational units.  Furthermore, it is home to prominent #technological institutions such as NIFT, NID, IITDM, ensuring a skilled workforce. Additionally, the state has secured the highest PLI scheme investment for textiles at INR 3,513 crore, offering lucrative opportunities in weaving & knitting units, ginning & spinning units, and machinery manufacturing. Interest subsidies and #skill development reimbursements enhance the supportive ecosystem. #garmentindustry #madhyapradesh

Odisha government plans to set up a textile plant in Bhadrak district to provide employment opportunities to youngsters, Industries Minister Sampad Chandra Swain told the Assembly on Friday. In reply to a question raised by Congress MLA Sofia Firdous, Swain apprised the Assembly about the state government’s decision to set up a textile park in Bhadrak. READ FULL STORY : https://buff.ly/3MXRu2F ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

Revitalising India’s Textile and Apparel Industry: A Comparative look at state policies. Insightful overview of the evolving textile policies across various states! It's inspiring to see how Maharashtra, Haryana, Uttar Pradesh, and Bihar are taking significant strides to boost the industry. These initiatives are crucial for maintaining India's competitive edge in the global market. #textileindustry #investment #statepolicies #economicgrowth #haryana #uttarpradesh #Bihar #maharashtra

India aims to generate 4.5-6 crore jobs in the textile sector by 2030, expanding the market size from $165 billion to $350 billion, according to Textiles Minister Giriraj Singh. Speaking at a press conference in New Delhi, Singh highlighted a 100-day roadmap that includes attracting investments to create these jobs. He mentioned that the seven approved integrated mega textile parks will attract Rs 70,000 crore in investment and generate 21 lakh jobs once fully operational. The minister also noted the potential for silk cultivation, which currently supports around one crore people and could increase production to 50,000 tonnes in the long term. He dismissed concerns about competition from Vietnam and Bangladesh, stating that India’s textile industry faces no significant challenges from these countries. Singh emphasized the growth potential for technical textiles, setting an export target of $10 billion by 2030. He also mentioned that one crore artisans are engaged in the handloom and handicraft sectors, with various government initiatives aimed at boosting these areas. On September 20, Prime Minister Narendra Modi inaugurated a 1,000-acre integrated textile park in Amravati, Maharashtra, to make India a global hub for textile manufacturing and exports, attracting large-scale investments and promoting innovation and job creation. #news #breakingnews #textileindustry #india #indiantextileindustry #business

Which state spins better growth by reeling the scheme benefits and attracting investments. Textile & Apparel industry is an integral part of India’s growth story. The presence of an entire manufacturing value chain from fibre to apparel and availability of raw material gives distinct advantage for both backward and forward integration. Most of the Indian states have come up with Textile & Apparel policies to give more thrust to this sector. As the Indian textile industry seems to be losing its major share on competitor countries like Bangladesh & Vietnam, these subsidies give a ray of hope to bring in more investments in the sector. We have taken four states which have exclusive Textile & apparel policies: 1)Maharashtra has come up with new policy and covers capital, power & CETP/Zld subsidies etc while Haryana offers full package of subsidies for MSME sector. 2)UP & Bihar have also covered most of the subsidies while Bihar has given more emphasis to weaving, knitting & garmenting units. 3)Haryana has covered 2 more sectors viz. textile machine manufacturing & textile recycling , which requires special thrust from govt. and investor side. It remains to be seen when other states like Gujarat, Rajasthan , Andhra Pradesh , Karnataka etc will come up with new textile policies and which state will be able to attract more investments and would suit investors requirements. #textileindustry #apparelindustry #textilepolicy #statepolicy

#Odisha is on the fast track to becoming a global destination for #textile and #apparel #manufacturing! After welcoming #EpicGroup, the state now celebrates #MASHoldings, a global leader in sustainable apparel, investing $143 million in an integrated textile facility in Khurda. This project will create 5,000 jobs and enhance Odisha’s industrial landscape. With 50+ facilities in 16 countries, MAS Holdings brings expertise and sustainability, aligning perfectly with Odisha’s growth vision. Approved by the high-level clearance authority led by CM Mohan Charan Majhi, this investment is part of Rs. 1.36 lakh crore industrial projects recently cleared. It also follows Chairman Mahesh Amalean's discussions with former CM Naveen Patnaik last year. Odisha’s focus on infrastructure, skilled labor, and investor-friendly policies is cementing its position as India’s next textile and apparel hub. Exciting times ahead for the state! 🚀 https://lnkd.in/gzZWGRFT #Odisha #TextileHub #ApparelIndustry #Sustainability #Investment #IndustrialGrowth

Bangladesh’s Textile Loss is Uttar Pradesh’s Gain! Who would have thought that political unrest in Bangladesh could lead to a massive opportunity for India's textile industry? With 700-1000 garment and textile units shutting down in Bangladesh, global brands are turning their attention towards Uttar Pradesh, and the timing couldn’t be better. U.P. is ready to capitalize with a new textile park on the Lucknow-Hardoi Road, spread over a whopping 1,162 acres, with investment proposals worth ₹10,000 crore from major players like Reliance, Arvind Mills, and Vardhman. That means 400 new units and 50,000 jobs on the horizon! So, what can we learn from this shift? - Adaptability is key: When one door closes, another opens. Companies need to be flexible and ready to pivot. - Government support matters: U.P. has laid the groundwork with infrastructure, from 24/7 power to worker hostels and zero liquid discharge plants. - Long-term vision wins: India is chasing a target of $100 billion in garment exports in the next 5 years. Investing in large-scale projects like this textile park shows a commitment to growth. As the third-largest textile producer in India, U.P. is leveraging its strengths in famous crafts like Banarasi sarees and Lucknow's Chikankari. Imagine the possibilities when traditional craftsmanship meets industrial scale production. This is a golden moment for U.P. to step into the global textile spotlight. Will they seize it? Only time will tell, but the future looks bright. #TextileIndustry #MakeInIndia #UttarPradesh #Manufacturing #GarmentExports #JobCreation #SustainableGrowth #InnovationInTextiles

A few weeks ago, I shared an analysis on 𝗵𝗼𝘄 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗶𝗻𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗕𝗮𝗻𝗴𝗹𝗮𝗱𝗲𝘀𝗵 𝗵𝗮𝘀 𝗱𝗶𝘀𝗿𝘂𝗽𝘁𝗲𝗱 𝗶𝘁𝘀 𝘁𝗲𝘅𝘁𝗶𝗹𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆, creating a unique opportunity for India to step in and capitalize. As the world’s second-largest apparel exporter, Bangladesh is struggling to meet global demand due to ongoing political turmoil. This opens a critical window for India to position itself as a key player in the global textile market. 📝 In my previous post, I highlighted India's strong potential, including its investment capabilities. Recent developments reinforce this potential. Major brands such as Arvind Mills, Vardhman Textiles, Reliance Industries, and Ahuja Textile Mill have approached the Uttar Pradesh government with proposals to establish units in the upcoming 𝘁𝗲𝘅𝘁𝗶𝗹𝗲 𝗽𝗮𝗿𝗸 𝗼𝗻 𝗟𝘂𝗰𝗸𝗻𝗼𝘄-𝗛𝗮𝗿𝗱𝗼𝗶 𝗥𝗼𝗮𝗱. Spread over 1,162 acres, this project has attracted investments amounting to ₹10,000 crore. 📌 According to Rakesh Sachan, the state’s MSME, Khadi, and Textile Minister, the textile park will boost production capacity, enabling major players to fulfill the surge in orders. Not only will it cater to garment and yarn production, but it will also provide support in marketing, designing, and exports. This is a prime example of how disruptions in one market can lead to significant opportunities in another, and it could enhance India's textile industry for years to come, positively impacting related stocks 📈. 𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘰𝘴𝘵 𝘢𝘯𝘥 𝘯𝘰𝘵 𝘢 𝘴𝘵𝘰𝘤𝘬 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥𝘢𝘵𝘪𝘰𝘯. 🔍 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀, 𝗰𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗺𝘆 𝗽𝗿𝗲𝘃𝗶𝗼𝘂𝘀 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗵𝗲𝗿𝗲: [https://lnkd.in/dsdHgKSC] #finance #textileindustry #infrastructure #capex #garmentindustry #analysis #fiananceresearch