Textile Sphere News Roundup - October 7, 2024
1. Textiles Ministry Extends
Mandatory Use of Jute Bags for Packaging Until December 31, 2024
The Ministry of Textiles has
extended the compulsory use of jute bags for packaging 100% of foodgrains and
20% of sugar production until December 31, 2024. This decision faces legal
challenges, with concerns raised by the jute industry over the impact on wages,
pricing, and livelihoods. The Calcutta High Court has issued an interim stay on
the reverse auction procurement of jute bags through the Government
e-Marketplace (GeM) portal. Further hearings on this matter are scheduled for
November 29, 2024.
2. US Port Strike to
Severely Impact Indian Textile, Pharma, and Auto Part Exports
The strike at 14 major US
ports, which began last Tuesday, is already causing significant delays in
unloading and processing shipments from India. The Global Trade Research
Initiative (GTRI) has reported that this disruption is adversely affecting
Indian exports of textiles, pharmaceuticals, and auto parts, with costs
expected to rise threefold due to the delays.
3. Bharat Tex Successfully
Concludes Roadshow in Coimbatore, Prepares for 2025 Edition
Bharat Tex, India’s premier
global textile event, successfully wrapped up its roadshow in Coimbatore,
building anticipation for its upcoming edition from February 14 to 17, 2025, in
Bharat Mandapam, New Delhi. The event will feature India's strengths across the
textile value chain, from raw materials to finished products. Bharat Tex is
organized by 12 Indian Textile Export Promotion Councils and is supported by
the Ministry of Textiles, aiming to solidify India's position as a global leader
in textile manufacturing.
4. Sircilla Textile Park in
Telangana Shuts Down Amid Financial Crisis
The Sircilla Textile Park in
Telangana has ceased its operations, with 70 units shutting down due to
financial difficulties, high electricity costs, and lack of government support.
Around 1,000 workers have lost their jobs as a result. The park's management
and workers have appealed to the government to intervene and support the
resumption of manufacturing activities, highlighting the challenges faced in
comparison to the support provided to the textile industry in other states like
Maharashtra.
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