8
Ahmedabad: Textile Commissioner Kiran Soni Gupta, IAS, has recently revealed that Gujarat is lead- ing the investment in textile sector and taking advantage of the Central Govt.'s flagship subsidy program Technology Upgradation Fund Scheme (TUFS). "In the Technology Upgradation Fund Scheme, under the 15 per cent Margin Money Subsidy (MMS) 2897 projects sanctioned from Gujarat out of total 3200 proj- ect applications sanctioned to all over India. Similarly under 30 per cent MMS, 1160 proj- ects from Gujarat got approval out of 4154 propos- als sanctioned to all over India," the Textile Commissioner informed in an official communiqué. The 15% MMS is avail- able to Spinning mills with matching forward or back- ward integration and Textile Dyeing, Printing & Processing, Technical Textiles & Nonwoven and Garmenting projects get 15% MMS in addition to 5% Interest Rebate. Factories that invest in brand new modern weaving machinery receives 30% MMS and 6% Interest Rebate. Gupta also informed that under Revised Restructured TUFS which was announced last year, the Regional Office of the Textile Commissioner at Ahmedabad has received 1030 applications under 15 per cent MMS and 134 appli- cations under 30 per cent MMS from small scale sector till July 2014. Interestingly, 90 per cent of the sanctioned projects under TUFS's 15% margin money subsidy are from Gujarat. In addition, the Scheme of Integrated Textile Park (SITP) where Government of India has been offering 40% subsidy on proj- ect cost, a total 61 projects has been sanctioned so far out of which eight projects are in Gujarat alone. Gujarat Leads Investment in Textile Manufacturing Project Approvals 15% MMS Gujarat 2897 All India 3200 30% MMS Gujarat 1160 All India 4154 MMS: Margin Money Subsidy Visit ITMACH India Exhibition | 10-13 th December 2014, Ahmedabad www.ITMACH.com ITMACH INDIA Discover Markets, Find New Customers Come to Gujarat - state that is driving the growth of Indian textile industry. Meet potential investors, industry professionals. Discuss business and network. Discover the investment trends, developments and market opportunities ORGANIZER ITMACH India 2nd Floor, Gandhi Mansion, Bomanji Master Lane, Kalbadevi, Mumbai, India - 400002, Tel: +91 22 22017061/2/3 [email protected], www.itmach.com SPACE BOOKING Arvind Semlani Cell: +91 9833977743 [email protected] K S Farid Cell: +91 9869185102 [email protected] Shuchi Kulshrestha Cell: +91 7840060123 [email protected] PARTICIPATION FEE Shell Scheme: € 160/` 8000 per m² Bare Space: € 150/` 7000 per m² VENUE: The Exhibition Centre Gandhinagar, Ahmedabad Gujarat, India TUFS: Gujarat Leads ITMACH India UPDATE International Textile Machinery & Accessories Exhibition 10-13 December 2014, Ahmedabad, Gujarat, India Gujarat offers a highly con- ducive investment climate. The state is com- mitted to develop the textile & apparel industry & has a specific investment friendly policy known as Gujarat Textile Policy. The policy has received warm response from investors so far and in spinning segment alone, state will have over 4 mln spindles installed by 2017. Dr Chandan Chatterjee Advisor, iNDEXTb & Director, CED Supported by Govt. Of Gujarat and iNDEXTb | A pre-summit event to Vibrant Gujarat 2015 A Must Attend Event, Block Your Dates

A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

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Page 1: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Ahmedabad: TextileCommissioner Kiran SoniGupta, IAS, has recentlyrevealed that Gujarat is lead-ing the investment in textilesector and taking advantageof the Central Govt.'s flagshipsubsidy program TechnologyUpgradation Fund Scheme(TUFS). "In the TechnologyUpgradation Fund Scheme,under the 15 per cent MarginMoney Subsidy (MMS) 2897projects sanctioned fromGujarat out of total 3200 proj-ect applications sanctioned toall over India. Similarly under30 per cent MMS, 1160 proj-ects from Gujarat gotapproval out of 4154 propos-als sanctioned to all overIndia," the TextileCommissioner informed in anofficial communiqué.

The 15% MMS is avail-able to Spinning mills withmatching forward or back-ward integration and TextileDyeing, Printing &Processing, Technical Textiles& Nonwoven and Garmentingprojects get 15% MMS inaddition to 5% InterestRebate. Factories that investin brand new modern weavingmachinery receives 30%MMS and 6% Interest Rebate.

Gupta also informed thatunder Revised RestructuredTUFS which was announcedlast year, the Regional Office

of the Textile Commissionerat Ahmedabad has received1030 applications under 15

per cent MMS and 134 appli-cations under 30 per centMMS from small scale sectortill July 2014.

Interestingly, 90 per centof the sanctioned projectsunder TUFS's 15% marginmoney subsidy are fromGujarat. In addition, theScheme of Integrated TextilePark (SITP) whereGovernment of India has beenoffering 40% subsidy on proj-ect cost, a total 61 projects hasbeen sanctioned so far out ofwhich eight projects are inGujarat alone.

Gujarat Leads Investment inTextile Manufacturing

Project Approvals15% MMS Gujarat 2897

All India 3200

30% MMS Gujarat 1160

All India 4154

MMS: Margin Money Subsidy

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH INDIADiscover Markets, Find New Customers

Come to Gujarat - state that isdriving the growth of Indian textileindustry.Meet potential investors, industryprofessionals. Discuss businessand network.Discover the investment trends,developments and market opportunities

ORGANIZER ITMACH India2nd Floor, Gandhi Mansion,Bomanji Master Lane, Kalbadevi,Mumbai, India - 400002, Tel: +91 22 22017061/2/[email protected],www.itmach.com

SPACE BOOKINGArvind SemlaniCell: +91 9833977743 [email protected] S FaridCell: +91 [email protected] Kulshrestha Cell: +91 7840060123 [email protected]

PARTICIPATION FEEShell Scheme: € 160/` 8000 per m²

Bare Space: € 150/` 7000 per m²

VENUE: The Exhibition CentreGandhinagar, Ahmedabad Gujarat, India

TUFS: Gujarat Leads

ITMACH India

UPDATEInternational Textile Machinery & Accessories Exhibition

10-13 December 2014, Ahmedabad, Gujarat, India

Gujara toffers ahighly con-d u c i v einvestmentclimate. Thestate is com-

mitted to develop the textile& apparel industry & has aspecific investment friendlypolicy known as GujaratTextile Policy. The policyhas received warm responsefrom investors so far and inspinning segment alone,state will have over 4 mlnspindles installed by 2017.

Dr Chandan Chatterjee Advisor, iNDEXTb &

Director, CED

‘Supported by Govt. Of Gujarat and iNDEXTb | A pre-summit event to Vibrant Gujarat 2015

A Must Attend Event, Block Your Dates

Page 2: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH INDIA UPDATE

With the textile sec-tor seeing a recov-ery due to stable

raw material prices andgrowth in exports, companiessuch as Indo Count are look-ing at taking big leap forward.Indo Count, a cotton yarnspinner to bed linen and towelmanufacturer with its produc-

tion facilities in Maharashtra,a state in the western part ofIndia.

Indo Count's revenue for2013-14 stood at Rs 15,000million, a rise of 23 per centcompared to 2012-13, whilenet profit was Rs 1103.9 mil-lion, up 274 per cent. In 2014-15, Indo Count hopes toincrease its revenue to Rs19,000 million (US$ 316.66million) & net profit to Rs1700 million (US$ 28.33 mil-lion). The company is plan-ning expansion of its produc-tion capacity and aims to dou-ble it in the next few years.Currently, it's weaving andprocessing capacity stands at50 million meters; which willbe increased to 68 millionmeters by Dec 2014. Andbecome 112 million meters by2016.

Indo Count to investheavily on capacityexpansion; aimshigher revenue

After recently unveil-ing the world's largestterry towel factory,

Trident Group aims to surpassthe bounds of being theworld's largest integratedhome textile manufacturerand continues to expand andmodernize its capacities mak-ing it comparable with globalstandards.

Trident Limited (Trident),the flagship Company of theGroup, commissioned anopen end yarn spinningexpansion project on July 15,2014, having manufacturingcapacity of approximately10,000 TPA of cotton openend yarn for meeting its yarnrequirement for the terrytowel unit in Budhni, locatedin central India.

Trident has yarn manufac-turing capacity of 366,000ring spindles and 3,584 rotors.

The newly commissionedopen end yarn spinning project now adds another1920 rotors to its capacitieswith an investment of US$ 10million.

Trident expandsopen-end spinningcapacity at Budhni

ITMACH INDIA: PARTICIPATION FEE

Shell Scheme: € 160 / Rs 8000 per m²

Bare Space: € 150 / Rs 7000 per m²

Space Booking enquiry: Arvind Semlani

Cell: 09833977740

[email protected] www.ITMACH.com

2

IMPORTANT SCHEDULES:ITMACH India

10th Dec 2014: Inaugurationof ITMACH India.

10–13th Dec 2014: ITMACHIndia Exhibition Open toexhibitors from 09:00 hours to 18:30 hours. Opening hours for Visitors:10:00 hours to 18:00 hours

13th Dec 2014: Starts dismantling and removal ofStalls-19:00 hours

14th Dec 2014: Ends dismantling of Exhibits &Stalls-18:00 hours

International Textile Machinery & Accessories Exhibition

Page 3: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH INDIA UPDATE

The two textilemega clusterswhich to be set up

in Gujarat as announced

by India's FinanceMinister Arun Jaitley inthe budget will come up inSurat and Kutch. Gujarat

has been investing heavilyin textile industry in thelast two years due to high-ly industry friendly textilepolicy and state subsidiesto entrepreneurs.

The upcoming megatextile cluster in Surat willcompletely focus onweaving sector to producequality fabric deployingmodern weavingmachines. Surat city isknown for textile industryand the new mega clusterwill attract investment inmodern weaving mills.The Govt. will spend INR2 billion to build the facilities of Surat weaving mega cluster andtotal 8 mega clusters willbe set up as per announcement.

3

Surat Textile Mega Clusterto focus on Weaving Sector

The International Textile Machinery &Accessories Exhibition to be held inAhmedabad from 10-13 Dec 2014

Ahmedabad- the erstwhile Manchesterof the East and now a vibrant centre ofbusiness and financial activities; is goingto host ITMACH India from 10-13thDecember 2014.

The city in spite of being a prominenttextile manufacturing hub was deprived ofa large scale international textile machin-ery exhibition. ITMACH India aims tomeet the need of the growing textileindustry in the state and the country. Thefour days show will host the leading tex-tile machinery suppliers and top decisionmakers across the country.

ITMACH India:Opportunity for

Textile EngineeringIndustry andEntrepreneurs

International Textile Machinery & Accessories Exhibition

Page 4: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Ahmedabad basedleading textilemachinery and tech-

nology supplier Sagar Grouphas confirmed its participationin ITMACH India exhibitionwhich is scheduled from 10-13th December 2014. SagarGroup is a reputed state-of-the-art textile machinery andraw materials supplier to lead-ing textile mills in India andabroad. The company has topof the line machinery suppli-ers as their principals thatcover entire value chain oftextile manufacturing.

In ITMACH India show,Sagar Group will participatealong with its leading princi-pals Toyota Industries, MurataMachinery, Xetma, AndritzKusters and other Ahmedabadbased textile machinery sup-pliers. Confirming participa-tion in the event, PriyeshShah, Managing Director,Sagar Group said, "This is forthe first time Ahmedabad willhost an international textilemachinery show.

Therefore, it will be agood opportunity for us andour principals to meet theindustry. Gujarat is the leaderin textile investment now andin spinning alone, projectswith 3.5 million spindles are

in various stages of imple-mentation."

Here to note that GujaratTextile Policy offers substan-tial stimulus to investment inthe state and government dataindicates that majority of theinvestment proposals in tex-tiles are coming from Gujaratin the last one year. Shah said"ITMACH India exhibition isbeing organised at the righttime which will boost invest-ment scenario and help theinvestors to meet leadingtechnology suppliers underone roof."

TOYOTA INDUSTRIESToyota Industries is

world's leading textilemachinery supplier with itspresence in spinning andweaving technology segment.The company has high reputa-tion as Airjet weavingmachinery supplier (waterjettechnology as well) with itsJAT Series of "Weaving thehighest quality fabric at thelowest possible cost" deploy-ing state-of-the-art technolo-gy. In the spinning segment,Toyota's RX Series of high-performance ring spinningframes-RX300E e-draftmachine and long-framedesign which supports up to1,824 spindles employsToyota's proprietary technolo-gy to ensure high reliabilityand high performance.

MURATA MACHINERYMurata Machinery needs

no introduction in industry.Murata offers unique VortexSpinning System MVS 870,Automatic Winders (LinkConer) and Two-for-OneTwisters.

ANDRITZ KUSTERSTextile and Nonwoven

calendering system supplierAndritz Kusters is the onlycompany that offers differentdeflection controlled roll tech-nologies (S-Roll, HyCon) tochoose the right technologybased on process demand. Thelong experience of Kustersand Kleinewefers has been thefoundation of the AndirtzKusters teXcal technology.

XETMAXetma group is dedicated

to optimizing existing tech-niques along with developingnew technologies in the fieldof mechanical finishing for

Woven and Knit fabrics.Raising, Emerising, BrushingMachines, Cloth Cleaningmachines, Shearing, Polishing& Tigering Machines.

Contributes 31% ofIndia’s textile produc-tion.Largest producer (35%)and exporter (60%) ofCotton in the country.3rd largest Denim pro-ducer in the World andlargest in India (65-70%)Over 24% to 28% offixed investment, pro-duction value andemployment of SmallScale Industries (SSI) isfrom textile sector.Technical Textiles is akey emerging area withover 860 units in Gujarat(as per Government ofGujarat's survey)

Investment OpportunitiesGinning and PressingCotton and Syntheticbased Spinning,Weaving and ProcessingUnits, Cotton Knitwear.Terry Towel/HomeFurnishing.High Valued GarmentManufacturingTechnical Textiles

Major PlayersArvind Mills, Relianceindustries, Welspun,Ashima, Raymond, Grasim,Dinesh Mills

Textile in Gujarat

Sagar Group Confirms participationin ITMACH India, Ahmedabad

Toyota Industries, Murata Machinery, Xetma and Andritz Kusters will

show their presence through Sagar Group in the show

ITMACH INDIA UPDATE4

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

International Textile Machinery & Accessories Exhibition

Page 5: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

New Delhi: Keeping in view thechanges in the textile industry on thedomestic and international fronts,India's Ministry of Textiles has initiat-ed the process to set the road map for

the textile & apparel industry.Accordingly, an Expert Committeewas constituted to make fresh recom-mendations under the Chairmanship ofNational Manufacturing Competi-tiveness Council's (NMCC) MemberSecretary Ajay Shankar. The draftVision, Strategy and Action Plan has

been submitted by the committeewhich will be accepted and impliment-ed after a detailed process of stake-holder consultations across the entirevalue chain.

Considering the recommendationsand feedback received during variousconsultation meetings, the ExpertCommittee identified basic concernsin textiles sector and identified thenational priorities in the form of aVision & Strategy and the Action Planfor attaining the targets set out in theVision for exports, investment andemployment by the year 2024-25. TheVision document projects Indian tex-tile exports to grow from current levelof US$ 40 billion to US$ 300 billionby the year 2024-25. This translatesinto additional investment requirementof US$ 120 billion and in the processaround 35 million new job creation isexpected to take place.

Along the side lines of ITMACH Indiaexhibition, there will be a concurrentconference at Town Hall in

Gandhinagar. The proposed three day interna-tional conference on the backdrop of today'sadvantage India, would like to address theglobal scenario, opportunities available forinvestment , strategic issues, shift in the prod-uct-market mix, new technologies and theirimpact on the competitive edge of India's tex-tile value chain and finally what makesIndian textile industry a sustainable proposi-tion. National and state level textile policiesare also to be addressed for investors' betterappreciation and confidence building.

Diagonal Consulting, in association withTextile Excellence will organize the concur-rent event under the leadership of Dr. P.R.Roy.

The details of the conference is availableon www.intexcon.com

Indian Govt. Plans For US$300 Billion Exports By 2025;

Target 2025

Exports US$ 300 billion

Investments US$ 120 billion

Job Creation 35 million

India Aims High

To Create 35 Million New jobs

"India"-Opportunitiesfor Global Investmentin Textiles: 3 DayConference

ITMACH INDIA UPDATE 5

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

International Textile Machinery & Accessories Exhibition

Page 6: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Investments in India's tex-tile industry are pickingup, with 163 projects at

various stages of implementa-tion in the first six months of2014. Gujarat continues toremain the investment desti-nation of choice with over 55projects, both new units andexpansions happening in thestate. This is followed byTamil Nadu, with over 30 tex-tile projects, mainly in thespinning sector. Maharashtraranks third with 22 projects.Other states include Rajasthan(9), Karnataka (8), Haryana(7), Andhra Pradesh and UttarPradesh.

Continue to flow into thecotton spinning sector (57

projects). This is followed byaround 52 fabric weaving andprocessing projects. Even asthe government keeps stress-ing on the need for invest-

ments in finished products,only around 12 RMG projectsare in the pipeline. It isencouraging to note that thegovernment has received 11

proposals for technical textileprojects in the first half of2014.

India: Govt Receives 163 T&CProject Proposals In H1, 2014

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH INDIA UPDATE6

New Textile Projects across India Jan-July, 2014

International Textile Machinery & Accessories Exhibition

Page 7: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Gujarat based Sintex Industries Ltd(also owns Bharat Vijay Mills orBVM) is planning to set up a

large spinning plant in the port townshipof Pipavav. The parent company SintexIndustries will invest Rs. 1800 crores(US$ 300 million) in phases to build themammoth 320,000 spindles yarn spinning unit. The proposed yarn spin-ning unit will produce fine count cottonyarn largely for export market and willbegin its commercial operation in 1016-17 fiscal. The port township of Pipavav aslocation for the new cotton yarn spinningfacility will be ideal as it is also in closeproximity to the cotton growing regionsin the state. Thereby, save huge amount oflogistic cost for the company in rawmaterial procurement and export of finished goods.

The company's existing textile divi-sion under BVM is located at Kalol nearAhmedabad that house a composite tex-

tile manufacturing facility from spinningto high-end structured dyed yarn shirtingsto sophisticated home furnishing andtechnical textiles.

For the year 2013-14, the SintexIndustries ltd's textile division turnoverwas Rs 546 crore (US$ 91 million).

Favorable Textile Policies of Gujaratand revised TUFS along with highdemand of Indian yarn from overseasmarket and abundance availability of cot-ton has fuelled investment in the spinningsector in Gujarat in the recent years.

Sintex Industries to INVEST US$ 300 Million toSetup a Cotton Yarn Spinning Plant in Gujarat

The Exhibition andConvention Centre,measuring 102,000 Sq.

meters and spread over 45acres, is consists of 15 exhibi-tions halls with state of the art

technology and infrastructurethat meets global standards.This is a newly built world-class exhibition venue is alsoIndia’s largest indoor exhibi-tion space available today.

With its elegant and spaciousenvironment, inspirationaland creative setting, well-equipped facilities will makeITMACH India participationand visitation a wonderful

exhibition experience. Thisvenue would also host iconicVibrant Gujarat 2015.

ITMACH India Venue: The Exhibition Centre, Gandhinagar

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH INDIA UPDATE 7

VENUE: The Exhibition Centre, Near Mahatma Mandir, Gandhinagar, Ahmedabad, Gujarat, India

International Textile Machinery & Accessories Exhibition

Page 8: A Must Attend Event, Block Your Dates ITMACH India UPDATE · ITMACH INDIA UPDATE W ith the textile sec-tor seeing a recov-ery due to stable raw material prices and growth in exports,

Visit ITMACH India Exhibition | 10-13th December 2014, Ahmedabad www.ITMACH.com

ITMACH India Facts

ITMACH INDIA: ADVANTAGESLarge Markets Around: Ahmedabad,Surat, Rajkot, Vapi, Silvassa,Bhilwara, Tarapore, Palghar,Bhiwandi, Banswara, Indore,Malegaon, Bhopal etc.Growing Textile Industry Cover All Sectors: Spinning,Weaving, Knitting, Dyeing, Printing,Garment, Denim, Synthetic Fiber etc.Over 30,000 visitors expected.Concurrent CONFERENCE to drawtop entrepreneurs, industry profes-sionalsFirst Focused Textile M/c Exhibition inAhmedabad

ITMACH INDIA VENUE: FACILITIESLARGEST EXHIBITION CENTRE ININDIA: 102,000 Sq. meters indoorexhibition halls.Modern Amenities.Connected by AIR, RAIL & ROADStar Hotels and Sight Seeing

InternationalBy Air: ToMumbai.Mumbai toAHMEDABAD:

- By Air: 1 Hour - By Rail: 6-8 Hours- By Road: 7-8 Hours

DomesticBy Air: ToAhmedabad.By Rail toAhmedabad. By Road toGandhinagar, Nr.Mahatma Mandir

Ahmedabad Air Port

ITMACH INDIA: HOW TO REACH

Guide Map

ITMACH INDIA UPDATE8

The Exhibition Center

International Textile Machinery & Accessories Exhibition