Textile Sphere News Roundup – 30th September 2024
1. BEE and EESL Select NSL
Textile Factories for Energy Efficiency Projects
The Bureau of Energy
Efficiency (BEE) and Energy Efficiency Services Limited (EESL) have chosen NSL
Textile factories located at Inkollu and Edlapadu in Bapatla and Guntur
districts, respectively, for the implementation of the "Demonstration of
Energy Efficiency Projects" (DEEP). According to an official release, DEEP
aims to support Designated Consumers (DCs) in achieving Energy Efficiency (EE)
by introducing market-transforming technologies. This initiative aligns with
BEE's Perform, Achieve, and Trade (PAT) scheme, which helps industries meet
their specific energy consumption reduction targets, thereby contributing to
national energy savings.
EESL plans to showcase nine
innovative technologies that have not yet been commercialized on a large scale
within the selected companies for implementing DEEP.
2. Chinese Textile and
Clothing Exports Confirm Stabilization
In 2023, China's textile
exports fell by 8.1%, and its clothing exports dropped by 2.9%. However, the
first seven months of 2024 show signs of stabilization, with a 1.12% rise in
the exports of textiles, clothing, and accessories. From January to July 2024,
China exported goods worth $169.8 billion in these categories. Textile exports
primarily drove this slight growth, reaching $80.8 billion, which is a 3.3%
increase compared to the same period in 2023.
In contrast, clothing
exports experienced a 0.8% decline over the seven-month period, totaling $88.9
billion. This decline, although more contained than last year, reflects the
ongoing international economic challenges faced by Chinese manufacturers.
Chinese manufacturers, still
heavily reliant on Western orders, face slow recovery in exports due to reduced
consumer spending in Western markets and economic difficulties domestically,
including the effects of a property crisis. Despite these challenges, China’s
sub-council for the textile industry (CCPIT-Tex) remains optimistic, focusing
on modernizing and automating its industrial base to reduce costs and lead
times.
3. Textile Sector Struggles
Over Gas Issues in Islamabad
The textile industry in
Islamabad is facing challenges due to the government's decision to cut off gas
supply to captive power plants and encourage connectivity to the national power
grid. Sources revealed that the Ministers for Power and Petroleum have
differing opinions on resolving this issue.
During a recent meeting of
the Economic Coordination Committee (ECC), the Petroleum Division suggested
revising the gas supply priority order to reduce gas consumption by captive
power plants. They proposed increasing gas tariffs to match the higher RLNG
(Re-gasified Liquefied Natural Gas) rates, thereby discouraging the use of
captive power.
The Petroleum Minister emphasized that the Power Division should have estimated timelines for connecting these plants to the power grid, warning that gas disconnection could have negative consequences on the industry. The ECC ultimately agreed to notify captive power producers about the impending gas disconnection starting in 2025.
4. AP Government to Bear GST
on Hand-Woven Garments, Says Textiles Minister
Ministers for Handlooms and
Home, S. Savitha and Vangalapudi Anita, announced that the Andhra Pradesh
government will bear the GST on hand-woven garments and provide free power to
looms. The ministers urged people to wear handloom clothes during festivals,
reflecting Telugu culture and supporting weavers. This decision aligns with
Chief Minister N. Chandrababu Naidu's commitment to supporting the handloom
workers, with plans to revive schemes implemented between 2014-2019 for the
benefit of weavers.
The government has developed
an action plan to provide 365 days of work to handloom weavers, including
training programs, marketing facilities, and organizing exhibitions across the
state to promote sales of hand-woven garments.
Note:
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