Gujarat government on Monday said that it is extending its textile policy for one more year. The five-year term of the policy was to expire on September 4. But, now it shall remain under implementation till September 3, 2018. The industries and mining department issued the government resolution.
Chief Minister Vijay Rupani approved the extension of the policy for one year. The release issued by the government stated, "Many players of textile industry had requested the state governemnt. Thus it was decided to extend the benefits of the industry."
PM Narendra Modi had launched the textile policy in 2012 when he was the chief minister of the state, with an integrated approach to strengthen the entire value chain of textile. The concept of ''From farm to foreign export'' was weaved with the slogan of 5F formula while launching the policy.
The preamble of the government resolution reads, "India is the second largest producer of cotton after China in the world. Similarly, Gujarat is the largest cotton grower state in the country and hence presents very large scope of developing the whole textile value chain from farm to fiber to fabrics to fashion to foreign. The state proposes a strong industrial base and pool of resources to serve the entire value chain of the textile industries."
The state government also claimed that the policy was a great success and brought in huge amount of investment and generated employment in the state. The government reviewed the policy and saw that the same had a great impact on rural sector too.
Source: DNA
India’s domestic cargo registered a compounded annual growth rate of 8 per cent between fiscals 2006-07 and 2016-17, whereas international cargo grew at 6.2 per cent annually during the same period, says a study by Yes Bank and the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The air trade to GDP ratio doubled in the last 20 years.
The ratio rose from 4 to 8 per cent in 20 years. Air cargo contributes about 20 per cent of airlines revenue and the industry employs around 70,000, according to the joint study on civil aviation released recently in New Delhi by ASSOCHAM. The growth of the industry will be driven by auto components, banking & finance, garments, pharmaceuticals, e-commerce and IT hardware sectors.
The study suggests that air cargo be treated at par with other logistics sectors like roads and its tax rate may be reduced from 18 per cent.
As the air cargo sector is fragmented and air traffic is concentrated at only a handful of airports, the challenge is to connect cargo volumes of tier 2 and tier 3 cities with major cities.
To increase capacity of the existing players, airport infrastructure should be integrated with air cargo facilities and dedicated unused infrastructure at airports may be marked to air cargo operators, the study says.
Substantial investment is needed to develop dedicated on-airport cargo terminals and air freight stations to handle air cargo across the country.
To develop transshipments, customs and security policies and procedures for transhipment need to be standardized at various airports. A proper plan should also be made to connect rail cargo with air cargo, the study adds. (DS)
Source: Fibre2Fashion
Giriraj Singh, who represents Nawada (Bihar) Parliamentary constituency in the 16th Lok Sabha, has taken charge as minister of state (independent charge) for Micro, Small and Medium Enterprises (MSMEs). Singh, who was earlier minster of state for MSMEs, was given independent charge of the ministry in the latest Cabinet reshuffle ahead of 2019 polls.
Soon after taking charge, Singh said that he will strive forward to increase employment under MSMEs and ensure that MSMEs do not face any hurdle in conducting their business. He also said that he will take forward the work left over by his predecessor and bring it to its logical conclusion.
Singh, who is very active on social media sites and in promoting khadi and other MSME sectors vigorously, has served as co-operative minister from 2005-2010 and animal husbandry minister from 2010 to 2013 in the Bihar Cabinet.
Kalraj Mishra, who is over 75 years of age, had resigned earlier as MSMEs minister. He said that he was satisfied with the work done by his ministry during his stint and hopes that his successor will finish the pending works and fulfil the dream of the Prime Minister. (RKS)
Source: Fibre2Fashion
IT is one of the most significant woven textile archives in the country, that helps to tell the social history of one of West Yorkshire’s mill towns - and now, its future has been secured. A new not-for-profit company has been set up to safeguard the textile archive at Sunny Bank Mills, at Farsley, between Leeds and Bradford, which contains a wealth of historic items, including over 60,000 lengths of fabric, 8,000 fabric designs, 5,000 wool dyeing recipe cards, weaving looms, photographs and a library of mill-related books.
The Mills, which were originally built in 1829, have been in the Gaunt family for six generations and are currently owned and managed by cousins John and William. They established the archive two years after production ended in 2008, but have taken the step to form the new company, along with a board of trustees, to ensure it is safe even after they are gone. John Gaunt said: “It is important to William and I that the archive has a secure future beyond our lifetimes, so we have taken the decision to create a new company to oversee the management, restoration, conservation, preservation, use and promotion of the archive at Sunny Bank Mills. “This will facilitate and encourage public use and enjoyment of the archive; to provide educational activities and to facilitate and encourage creative arts activities inspired by the archive. A selection of fabric the mill used to produce. Picture James Hardisty. A selection of fabric the mill used to produce. Picture James Hardisty. “To help make the archive sustainable, the new company will also be able to apply for funding for all these activities.” The “substantial” archive is essentially the company records and the contents of all departments from 1829 until production ceased nine years ago. The archive, established in a 3,000 sq ft old warping shed, is overseen by curator Rachel Moaby, who has been charged with cataloguing, preserving and developing the archive. The collection contains hundreds of leather-bound guard books holding cuttings of all the cloth made at Sunny Bank Mills. These alone can offer a fascinating insight to the social history of Farsley, Ms Moaby said. Along with teams of volunteers at the Mills, she is currently researching the First World War and its connections to the Mills, based on one particular Guard book in the archive.
“Unlike the other Guard books in the collection, it is very different due to the pages and pages of orders of khaki,” she said. “The research, with the help of the fabulous volunteers at Sunny Bank Mills Archive, will help to build the story of khaki and the textile industry, but also focus on the people who made it and what life was really like in the town. Telling the stories of the ordinary and the extraordinary lives held together by the threads of cloth and khaki.” The research aims to create a book and exhibition about the community during the War, and link with local schools so that children can connect with their local heritage. The new company, Sunny Bank Mills Ltd, will be officially launched on Saturday, when the archive will be open as part of National Heritage Open Days. Mill tours will also run from Friday to Sunday this weekend hourly from 10am to 4pm. The Archive is open on the first Wednesday of every month from 10am to 12pm. Sunny Bank Mills has been in the Gaunt family since 1829, when it was developed by a group of clothiers. It expanded throughout the 19th century, and by the break of the 20th century was one of Leeds premier spinners and weavers and had a reputation as one of the finest cloth producers in the world. When it closed in 2008, after 180 years of production, cousins William and John Gaunt, were determined to see it remain both part of the community and a centre of employment. The regeneration, which began in 2010, has been hailed by Historic England and it now houses 60 businesses, from engineers and textile artists to architects and a children’s play gym.
http://www.yorkshirepost.co.uk/our-region/west-yorkshire-and-the-dales/leeds/significant-textile-collection-secured-for-the-future-1-8738386
Source Yorkshire Post
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.69 per barrel (bbl) on 09.06.2017. This was lower than the price of US$ 47.00 per bbl on previous publishing day of 08.06.2017.
In rupee terms, the price of Indian Basket decreased to Rs. 3000.47 per bbl on 09.06.2017 as compared to Rs. 3024.74 per bbl on 08.06.2017. Rupee closed stronger at Rs. 64.26 per US$ on 09.06.2017 as compared to Rs. 64.36 per US$ on 08.06.2017. The table below gives details in this regard:
|
Particulars |
Unit |
Price on June 09, 2017 Previous trading day i.e. 08.06.2017) |
Pricing Fortnight for 01.06.2017 (May 12, 2017 to May 29, 2017) |
|
Crude Oil (Indian Basket) |
($/bbl) |
46.69 (47.00) |
51.67 |
|
(Rs/bbl) |
3000.47 (3024.74) |
3331.68 |
|
|
Exchange Rate |
(Rs/$) |
64.26 (64.36) |
64.48 |
The United States consumed about 23.11 per cent of non-woven textile products exported by Indonesia’s Bali province in July, according to the country’s Central Statistics Agency (BPS). The products were worth $5.240 million. However, exports from Bali, primarily in textiles, declined by 15.87 per cent, or worth $988,739, in July compared to June.
In July 2016, the province exported textiles worth $5.146 million,an Indonesian news agency reported quoting Bali BPS chairman Adi Nugroho. Textile products contributed to 13.75 percent of the overall $38.126 million exports in the province, he said.
The US market was the highest consumer of manually-produced Balinese textile products, followed by Singapore, with 14.29 per cent, Australia, with 9.30 per cent, and Hong Kong, with 6.29 percent.
The province’s industry and trade agency has launched a training program for small and mid-sized businesses to improve the design of textile products and other derivative commodities. (DS)
Fibre2Fashion
India, China and three other members of the BRICS grouping today pledged to exchange tax information to address the problem of tax evasion and provide technical assistance to other developing countries.
In the Xiamen Declaration issued at the end of the BRICS Summit's plenary session, the influential grouping -- comprising Brazil, Russia, India, China and South Africa -- reaffirmed their commitment to "achieving a fair and modern global tax system".
The declaration said the members nations will work for promoting a more equitable, pro-growth and efficient international tax environment, deepening cooperation to address Base Erosion and Profit Shifting (BEPS), promoting exchange of tax information and improving capacity-building in developing countries.
"We will strengthen BRICS tax cooperation to increase BRICS contribution to setting international tax rules and provide, according to each country's priorities, effective and sustainable technical assistance to other developing countries," it said.
The members drew satisfaction from the many fruitful results of BRICS cooperation, including establishing the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA).
"We will enhance communication and coordination in improving global economic governance to foster a more just and equitable international economic order," the declaration said.
The members resolved to foster a global economic governance architecture that is more effective and reflective of current global economic landscape, increasing the voice and representation of emerging markets and developing economies.
"We reaffirm our commitment to conclude the IMF's 15th General Review of Quotas, including a new quota formula, by the 2019 Spring Meetings and no later than the 2019 Annual Meetings," they said.
BRICS members also said they will continue to promote the implementation of the World Bank Group Shareholding Review. The countries also reaffirmed their commitments to the implementation of the outcomes of G20 summits, including the Hamburg Summit and the Hangzhou Summit.
They emphasised on the importance of an open and inclusive world economy enabling all countries and peoples to share in the benefits of globalisation.
"We remain firmly committed to a rules-based, transparent, non-discriminatory, open and inclusive multilateral trading system as embodied in the WTO," the declaration stated.
Source: PTI
While the textile industry presents endless opportunities to significantly reduce global environmental impacts, progressing towards sustainability and circularity continues to be an uphill battle. As a new technology is revealed to be instrumental in reducing the carbon footprint of textile coatings, a new ban on scrap textile imports in China could curb global textile recycling progress.
First, the good news. A recent life-cycle assessment (LCA) of a waterborne polyurethane (PU) technology created by high-tech polymer company Covestro and dubbed INSQIN® has been found to reduce the carbon footprint of textile coating by 45 percent compared to conventional solvent-based technology.
“The LCA provides an extra layer of assurance in the environmental performance of INSQIN. It shows brands that this technology can help them reach their sustainability targets. Achievements in carbon footprint reduction will be important to not only fashion and sportswear brands, but also the automotive and furniture industries,” said Nick Smith, Global Head of Textiles and Coatings at Covestro.
The study compared a comprehensive range of parameters to assess the environmental performance of waterborne PU from the extraction of raw materials to coated fabric production versus that of the conventional technology, which involves the use of the solvent dimethylformamide (DMF).
According to the results of the LCA, 1,000 square meters of PU synthetic made with INSQIN has a Global Warming Potential of 6,900 kilograms CO2-eq, compared to 12,7000 kilograms CO2-eq in the case of solvent-based PU leather.
The impact of this reduction is enough that if the entire textile industry switched to using this waterborne PU technology, the reduction of greenhouse gas emissions would be equivalent to taking every car off the road in Beijing, or in London, Hong Kong and Los Angeles combined.
Eighty-five percent of INSQIN’s Global Warming Potential is due to the lower energy consumption of the dry textile coating process that is enabled by the waterborne PU and that replaces conventional wet processing. Essentially, the benefit of the technology lies in the process changes it makes possible.
Using INSQIN to coat textiles with PU also has the potential to reduce acidification of water and soil resources by 20 percent compared to conventional options.
The technology also boasts benefits in terms of water consumption, using 95 percent less process water than traditional technologies. If the entire textile industry were to employ INSQIN, enough water would be saved every day to meet the daily water use of nearly 340,000 people in China.
“Life cycle thinking is crucial if we are to overcome key challenges of the future and push sustainability. Life cycle studies help to quantify the potential of technologies to reduce environmental impacts and thus contribute to more sustainable solutions,” said Dr. Lydia Simon, Global Sustainability Manager for Coatings, Adhesives and Specialties at Covestro.
And now, the bad news. Despite the growing popularity of using scrap textiles to bolster industry circularity initiatives, China has banned the import of textiles scraps under the guise of reducing pollution. The move has inspired pushback from the Institute of Scrap Recycling Industries (ISRI), who has filed a complaint with the World Trade Organization (WTO).
According to the ISRI, such a move could impede progress on global textile recycling and prevent China’s manufacturing sector from accessing valuable recyclable materials and minimize other opportunities for recycling.
“ISRI fully supports the efforts of the Chinese government to improve environmental protection and standards within its domestic recycling infrastructure. However, we disagree that a ban on the import of specification-grade scrap materials will help with those efforts,” the organization noted in its comments to the WTO. “For recycled commodities such as recovered paper and fiber, plastic scrap and copper scrap, China accounts for more than half of the world’s total imports.”
The organization added that China needs to provide better clarification on what would be prohibited in terms of imports and create clear regulations for the exporting community. Additionally, ISRI said that the US recycling industry — which could be negatively impacted by an indefinite ban — was willing to work together with China to develop better domestic collection practices in order to support pollution-reducing efforts.
“With more than $5.2 billion in scrap commodities exported from the United States to China last year alone, the trade in specification-grade commodities between the United States and China is of critical importance to the health and success of the US-based recycling industry and China’s manufacturing sector,” continued ISRI. “If implemented, a ban on scrap imports will result in the loss of tens of thousands of jobs and the closure of many recycling businesses throughout the United States.”
Source: Google
