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In Tirupur, there are around 380 ATMs and more than 7 lakh workers, so one can imagine the situation. At the moment things are tough and it is really difficult to estimate by when this situation will come under control. While on the one hand some factory owners were trying to retain existing staff, many in Surat, Ludhiana and Tirupur started sending them back home. Many owners paid advance salaries to their workers, while many helped their workers in opening bank accounts immediately. Most of the workers in factories do not have bank accounts and were paid in cash, so after this step was taken, news about workers moving back to their hometowns started pouring in.
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Garment and Textile Industry, the largest employment generator after agriculture, was bound to face issues. The industry is still reeling under the pressure of sorting out the impact of demonetisation and is trying to handle it in the best possible manner. Another announcement came as a shock for the entire country, when the old currency which was very actively revolving in the market was suddenly banned. The year that passed by brought some historical announcements, the most interesting being the package of Rs 6000 cr which was given to apparel industry along with a lot of new policies to safeguard both manufacturers and workers.
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Hal Borland The quote above holds a lot of importance in our lives as with every New Year we look forward to new beginnings, new chapters of life and learning as well. OFFICE 33/32, Ground Floor, Old Rajinder Nagar, New Delhi (INDIA) Cell:, , EDITORIAL/ADVERTISEMENT ENQUIRY, , Office: Web.: Year s end is neither an end nor a beginning but a going on, with all the wisdom that experience can instill in us. UMESH KHORWAL Digital & Web Team SUNIL SHARMA MARKETING team DARRICK SOLOMON CIRCULATION MANAGER ISHWAR LAL PALAK SAINA MEDIA HEAD OFFICE 37/19, Lower Ground Floor, Old Rajinder Nagar New Delhi REGD. Moving Up With Specialised Machines for Garmenting STOVEC gets remarkable Response at India Itme 2016 Glimpses of the ITME India Fair PICANOL Sees Great Response At INDIA ITME 2016 ROTONDI Eyes Menswear Segment With Hi- Tech Machines Konica Minolta Developing Stronger Ties in Indian Continent MS Orange Technologies Gearing Up for New Projects EFI Reggiani Brings Textile Printing Innovation to ITME Mumbai Iigf Gears for a Successful ShowĦ TEAM OWNER & PUBLISHER GAGAN MARWAH EDITOR DEEPTI MARWAH SPECIAL CORRESPONDENT RUBALINDER KAUR GREWAL CREATIVE DESIGN & PROD.
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Fashions Wear creates Milestones in African Market 24 INTERNATIONAL UPDATE Canada coming on Top Climate Change Affects Winter Sales 32 INDIA NEWS Govt extends garments, yarn export entitlement quota for 1 year Textile industry expects revival when cash flow improves Vimal Gets Patent for Technology to Fight Sweat Odour Textiles & apparel share in exports rises to 15%: Report Smriti Irani visits textile institute at Coimbatore Demonetisation: Apparel sales down 30-40% but improvement expected Welspun India forays into flooring solutions 90% of jute industry workers covered by banking 34 INTERNATIONAL NEWS H&M balances fast fashion with revolutionary recycling Levi s readies tech jacket launch along with 15 new stores in Spain Debenhams to shake up its Designer ranges US apparel sector to witness steady growth in 2017 Mango ends the year on big note- opens 3 new megastores H&M enjoys high ride in RETAIL NEWS Flipkart and Snapdeal to deduct TCS under GST regime Leather and Garment sector could witness a rise in external demand Peter England launches handloom shirt collection Adidas India to have more of its own stores and cut franchise partners Myntra aims for $2 billion in revenue in TECHNOLOGY NEWS Orange O Tec to market Turkish automatic fabric spreader and cutting machine in North & West India 40 TECHNOLOGY UPDATE Real Time Production Monitoring System 42 FAIR & EVENTS India Itme 2016 wraps on a Successful Note A.T.E.
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4 Inside COVER STORY AEPC Encourages Industry with Awards for New Categories Introduced to Motivate Performers BURNING ISSUE Textile Industry Affected Adversely By Demonetisation FAIR & EVENTS INDIA ITME WRAPS ON A SUCCESSFUL NOTE 6 EDITORIAL 8 OPINION LIVE 12 COVER STORY Orient Craft- Leads the Race Eric Apparel Creating Niche in Kids Wear Century Apparels- Creating Garments with Care Trigger Apparels Limited Million Exporter Pvt.