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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Indian govt raises FY’14 textiles export target to $43bn


Indian govt raises FY’14 textiles export target to $43bn

Panabaaka Lakshmi

(India)

The Government of India has raised the textiles, including apparel, export target for the ongoing fiscal year 2013-14 to US$ 43 billion, from the earlier US$ 36 billion, Minister of State for Textiles, Smt. Panabaaka Lakshmi said in a written reply in the Rajya Sabha, the Upper House of the Indian Parliament.

The Minister said the Government has raised the export target following discussions with textiles export promotion councils in the backdrop of rupee depreciation and strong industry performance.

In the fiscal year 2012-13, India’s overall textile exports stood at US$ 31.71 billion, of which the apparel exports contributed US$ 12.923 billion.

Last fiscal, India’s textiles and clothing exports were severely affected due to economic downturn in major markets, including the US and European Union, which account for 65 percent of the country’s total textile exports.

“The Ministry of Textiles has mooted a proposal for amendments in Factories Act 1948, seeking amendments in Section 59 – Extra Wages for Overtime and Section 64 – Power to Make Exempting Rules to provide for Over Time Wages at the rate of one-one quarter times of the regular rate and that the cap of 50 hours a quarter should be removed for textiles sector,” the Minister informed.

In 2007, the High Level Committee on Manufacturing Competitiveness (HLCMC) considered amendments in labor laws for enhancing competitiveness of textiles industry. In 2005, the Factories (Amendment) Bill, 2005 seeking amendments under Section 66 of the Factories Act was introduced in Parliament on August 16, 2005. However, amendments under the Factories Act of 1948 were not undertaken.

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Middle East Textile Journal

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