20 April 2023, Mumbai 

The Government of Uttar Pradesh has signed an MoU with the Government of India to establish 1,000-acre textile parks in Lucknow and Hardoi districts under the PM Mega Integrated Textiles and Apparel (PM Mitra) scheme.

The park will be developed in collaboration with private participation. The state government's move towards re-establishing the state's ancient glory and making it the new textile hub of the country has been widely appreciated.

Uttar Pradesh today has the most favourable environment to set up enterprises and the government is paving the way for UP's development through airports, highways, and proper law and order situation.

The program saw the exchange of MoUs between government officials and leading private investors.

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 30 March 2023, Mumbai 

The Comptroller and Auditor General (CAG) of India has revealed in a report that out of the 98 integrated textile parks sanctioned by the government since 2005, only 26 have been completed.

The report disclosed that 30 parks are still under construction while 42 have been cancelled. The government released grants totaling Rs 1,593 crore for these 98 parks, of which Rs 688.03 crore were released for parks that still haven’t been completed or were cancelled.

The parks were envisaged as attractive destinations for investment and job creation, but they have fallen well short of all their targets. The report highlighted that delays in obtaining statutory clearances, issues related to land allotment for the parks, and weak financial strength of the Special Purpose Vehicles created for the parks were the major reasons for delay in their completion.

According to the report, during the 10th Plan period (2005-07), it was envisaged to complete 25 parks in around 18 months. The scheduled time for completion for parks sanctioned during the 11th Plan period (2007-12) was kept as 24 months from the first release of grants by the Government of India. Further, during the 12th Plan period (2012-17), the completion period for the parks was estimated to be three years.

Of the 30 parks where work is ongoing, five were commissioned between 2005 and 2007, which means they are at least 25 years past their deadlines. Ten of the currently-ongoing projects were sanctioned during the 11th Plan, putting them about nine years past their deadlines. By this calculation, the 15 ongoing projects sanctioned in the 12th Plan are at least three years overdue.

As a result of the delays and the cancellations of projects, the various targets set for the projects in terms of employment generation, investments, and the setting up of textile units all remained unmet by a substantial degree.

The CAG said that even after a lapse of 16 years from the inception of the Scheme, the actual achievement of the 56 completed/ongoing parks (audited by the CAG) was only 30 per cent in terms of employment generation, 50 per cent in terms of investments and 37 per cent in terms of setting-up of textile units, as against the targets set in the detailed project reports of the parks.

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15 April 2023, Mumbai 

The state government of Maharashtra has extended its current textile policy until the proposed new policy is approved, as the textile industry in the state has raised concerns about the delay in finalizing the new policy.

The current policy, which was implemented in 2018 and was set to expire this year, will remain in place until the new policy is approved. The government has formed a 23-member committee to draft the new policy, which is expected to address issues such as subsidies for setting up new units, expanding existing ones, and power supply.

The delay in finalizing the new policy has caused concerns among industry stakeholders, who have called for reforms. Maharashtra is the leading contributor to textile production in India, and the 2018-23 policy aimed to add 10 lakh new jobs and secure an investment of Rs. 36,000 crore. The industry now has to wait for the new policy to be finalized and until then, they will have to continue operating under the existing policy.

Despite the challenges faced by the industry, such as rising competition from neighboring states and the ongoing COVID-19 pandemic, the textile industry in Maharashtra has been able to sustain its growth and remains a crucial sector for the state's economy. The new textile policy is expected to focus on promoting innovation, research and development, and sustainable practices in the industry, in addition to addressing the issue of subsidies. The policy will aim to enhance the competitiveness of the textile industry in Maharashtra and make it a global leader in the sector.

The government has already taken several initiatives to support the textile industry, such as setting up textile parks and providing financial assistance to small and medium-sized enterprises, which have helped in creating employment opportunities and boosting the growth of the sector. It is important to note that the textile industry in Maharashtra contributes almost half of the country's total textile production and has been instrumental in creating employment opportunities, especially in rural areas where the majority of textile units are located.

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 04 April 2023, Mumbai

Bhadresh Dodhia has been appointed as the new Chairman of The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), one of India's oldest Export Promotion Councils. Bhadresh previously held the position of Vice Chairman of the council.

Bhadresh , Dodhia Group Director brings to the table extensive experience in the textile industry and is an expert in international trade and policy matters. He takes over from Dhiraj Shah, who served as the Chairman of the Council from 2021 to 2023.

With its establishment in 1954, SRTEPC has been working towards the growth of manmade Fibre (MMF) and technical textiles in India. His appointment is expected to provide a significant boost to the growth and development of the Indian textile industry, particularly in the field of manmade fibres and technical textiles.

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13 April 2023, Mumbai 

Linen Club, the pioneering brand of linen in India, has opened its 5th store in Gujarat, the third in Ahmadabad.

Located in C G Road, the store offers a wide range of linen fabrics, including pure linen and linen-blended collection, along with a collection of apparel for both men and women. Linen Club's new offering – Ethnique, a ceremonial collection of pure linen fabrics, provides a complete solution for weddings to the main attire.

Linen Club is the leading linen brand in the country and has 7000+ points of sale as multi-brand outlets and 200+ networks of stores and exclusive brand outlets. Apart from its extensive retail network in India, Linen Club also exports its linen fabrics to several countries, including the United States, the United Kingdom, Australia, and the Middle East.

Linen Club is a subsidiary of Jaya Shree Textiles, a unit of Aditya Birla Group, a leading Indian multinational conglomerate with a presence in various sectors such as metals, cement, textiles, chemicals, and telecommunications.

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 01 April 2023, Mumbai

Siyaram Silk Mills Limited, an Indian textile brand, has launched its very first influencer-led marketing campaign in partnership with popular actor Aparshakti Khurana. The campaign is aimed at engaging young people all across India.

The brand, which specializes in suiting fabrics and caters to a range of ages, is focusing on its younger customers with this campaign concept.

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With this campaign, Siyaram aims to convey our message to the youth, by roping in Aparshakti Khurana as his synergy blends well with our brand. The launch of this influencer-led campaign is expected to help Siyaram's reach out to a wider audience and strengthen its position in the highly competitive fashion industry.

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