Latest News Of Textile Industry In India And Pakistan

< p > < strong > India Welspun invested 70-100 billion rupees to improve the self-sufficiency ability of raw materials < /strong > /p >

< p > in order to improve the self-sufficiency of raw materials, the "a href=" http://www.91se91.com/ "target=" _blank "textile" /a "enterprise group India Welspun plans to increase cotton and yarn production in its Gujarat factory in Mumbai, and plans to invest 10 billion rupees in the next fiscal year to accomplish this goal.

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< p > Welspun is engaged in bedding, basic bedding, decorative bedding, towels, carpets, bathrobes and other home textiles production. At present, the company has opened two factories in vapid and Angel in Gujarat.

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< p > Welspun is seeking vertical integration. It plans to invest 70-100 billion rupees in the next fiscal year to expand its capacity and add new spinning and weaving equipment to two factories.

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P Rajesh, managing director of the company, said that the company is currently producing yarn and fabrics that can meet 40% of its own needs, and the company plans to increase the proportion to 75%.

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< p > the company also plans to increase its turnover from the existing US $650 million to US $1 billion in the next 4 years. As a result of its good performance at home and abroad, we hope to achieve this goal.

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Besides P, FDI will enter a href= "http://www.91se91.com/news/index_p.asp" > India < /a > retailers will also help companies improve sales, he added.

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< p > Welspun produces about 45 million meters of bed sheets, 44000 tons of bath towels and 10151 tons of carpet every year, and more than 90% of the products are exported.

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Less than P, about 60-65% products are exported to the United States, but the company is working hard to develop new markets, such as Canada, Brazil and China.

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< p > last year, about 14% of the total revenue came from Europe, and this year it is expected to increase to 20%.

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< p > he added that if the free trade agreement between India and Europe is implemented, the European market will grow to the same size as the United States for the company.

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< p > < strong > Pakistan built modern textile research and development center < /strong > /p >

< p > Pakistan National Textile Research Center was completed and invested 55 million 600 thousand rupees in Pakistan, located at the NTU of the National Textile University (NTU), and Maher Doom Makhdoom (Makhdoom Shahabuddin), the ribbon cutting ceremony for the inauguration ceremony.

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< p > this is the first textile research center in Pakistan. It will undertake the research work of modern fiber and modern fiber in yarn and fabric use.

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Dr. Ahmad, President of P NTU University, said the construction of the research center cost 21 million 600 thousand rupees, a record of construction time and 34 million rupees to spend on the necessary equipment procurement.

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< p > Mr. Chehab Martin told reporters after the inauguration ceremony of the textile research center that although there were various difficulties, Pakistan's a href= "http://www.91se91.com/news/index_s.asp" > export < /a > grew by 20% over the same period last year.

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< p > he said that the government is clearly aware of the existing problems, including the natural gas crisis, and the government is taking various measures to solve these problems.

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