Textile Sector Faces Technological Obsolescence

Recent years have witnessed a drastic growth in the hosiery, and readymade garment production in the Indian textile sector. However, the textile sector is largely unorganised and dispersed.Due to this, the industry is suffering from technological obsolescence and sub-sectors need up-to-date machinery for production of fabric, yarn, and ready-made garments, according to fibre2fashion.India has taken several steps to boost the industrial growth in the textile sector. Initiatives such as Technology Upgradation Funds Scheme (TUFS), Scheme for Integrated...

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Yarn Shortage Affecting Textile Sector of Pakistan

ISLAMABAD — As the government has failed to resolve the yarn crisis, some 30 per cent work of the textile sector has been affected and majority of the textile units had close down due to the unavailability of the yarn from last few weeks, TheNation has learnt on FridayAccording to the sources, unavailability of yarn even at the higher prices is getting serious with the passage of every day and majority of the industries in Faisalabad and Jhang and other countries had left the working. If the current crises remain for next few weeks’ country would...

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India’s Textiles & Clothing Exports

India’s textiles and clothing exports stood at US$ 19.15 billion in 2006-2007 and improved to US$ 22.14 billion in 2007-2008. Textiles and clothing exports came down to US$ 20.94 billion in 2008-2009. However, in rupee terms the exports of textiles and clothing during 2008-2009 were of the order of Rs.96,309 crore as against Rs.89,121 crore in 2007-08, thus representing an appreciation of 8.07%. In absolute terms, the textiles and clothing exports as percentage of India’s total exports declined from 15.16% in 2006-2007 to 13.59% in 2007-2008 and...

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Italy Textile, Shoe, Leather, Eyewear Indus Want Government Support

Italy's textile, leather, shoe and eyewear industry leaders said Monday they have formed a united front to ask the government to help sustain jobs, salaries and investments, as the global economic turmoil batters the retail sector.In a statement, the groups said they wrote a letter to Italy's Prime Minister Silvio Berlusconi, asking the government for an "urgent" meeting to discuss the negative effects of the global crisis on the sectors.Italy is the largest exporter of clothing, textiles and shoes in the 27-member European Union. According to...

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