union budget 2017-2018 indian textile and apparel …textileindia.net/magazinepdf/70textile india...

Textile-Apparels-Fashions-Textile Machinery-Dyestuffs & Chemicals

Publishers: Parvathi TVR Chandran Publications February 2017 www.textileindia.net

Transforming India’s Textile & Apparel Industry

Manmade Fibres excise duty rationalisation necessary

Mr Santosh Kumar GangwarMinister of State for Finance

Government of India

Government needs to introduce major reforms to convert challenges into opportunities

Union Budget 2017-2018Indian Textile and Apparel Industry

Textile IndiaProgress

Editor – Publisher: Viswanath Chandran VichaManaging Editor: Raju Chandran

Printed At: Supressa Graphics Pvt. Ltd.

Published by Viswanath Chandran Vicha for and on behalf of Parvathi TVR Chandran Publications at ‘‘Asheerwad’’ Ground Floor, 3/49 Sion, Road No. 2, Scheme No. 6, Sion East, Mumbai-400 022 and printed by him at M/s Supressa Graphics Pvt. Ltd., 258/259, A to Z Industrial Estate, Ganpatrao Kadam Marg, Lower Parel, Mumbai-400 013, Maharashtra.

Editor: Viswanath Chandran Vicha

Managing Editor: Raju Chandran

Textile India Progress is Registered with Registrar of Newspapers, Government of India, New Delhi, under Registration No 43692/82.

Publishers:Parvathi TVR Chandran Publications

In Memory OfMr. TVR Chandran & Mrs. Parvathi TVR Chandran


Textiles - Apparel - Fashion - Synthetic Fibres & Filament Yarns - Textile Machinery & Technologies - Accessories & Components - Dyestuffs & Chemicals

Registered Office:

Textile India Progress‘‘Asheervad’’ Ground Floor, 3/49 Sion,

Road No. 2, Scheme No. 6, East,Mumbai-400 022, India.

Tel: 91-22-24097782, 24097185, 24077883Email: [email protected]

Textile India Progress Study Team wishes all its readers a happy and prosperous New Year. We express our good wishes to all the companies, for success in all their endeavours. On this occasion, we are happy to inform our readers that Textile India Progress is committed to working with Government of India and Indian textile industry, to provide recommendations, with the objective of attaining US$350 billion output and create 35 million jobs by 2025, as per the Vision Document of Government of India, Ministry of Textiles.

We have presented our Pre-Budget Memorandum for Union Budget 2017-2018 to His Excellency, Mr Narendra Modi, Prime Minister of India, Honourable Mr Santosh Kumar Gangwar, Minister of State for Finance, Government of India, various Cabinet Ministers and Secretaries of Government of India, urging Government of India to introduce reforms for Indian textile and apparel industry. We have made several recommendations to convert the present challenges into opportunity, for making textile mills viable and at the same time, ensuring rapid growth of the industry. We have dwelt at length on this subject in our Pre-Budget Memorandum to Government of India and also in our Editorial in this issue. It is possible to overcome this present crisis in the textile industry.

India’s textile industry has nearly 900 textile mills, out of which 850 are standalone spinning mills, manufacturing cotton yarn and only 50 fully integrated textile mills, manufacturing garments. It is quite easy to sell cotton yarn as compared to garments. Although the profitability is less in cotton yarn, many of the millowners opted to go for only cotton yarn mills and not fully integrated textile mill with other facilities to produce garments. The structural weakness has today resulted in many of the cotton spinning yarn mills becoming unviable. Banks exposure to Indian textile and apparel industry is Rs 2,50,000 crore out of which about 20% of this amount are likely to turn as NPAs, if immediate steps are not taken to produce value added products in the cotton yarn spinning mills. Government of India needs to invest Rs 50,000 crore, to protect the banks exposure of Rs 2,50,000 crore in the Indian textile and apparel industry.

Textile India Progress has been interacting with Government of India, since January, 2015 and since then, many recommendations made by us have been implemented as policies by Government of India. We have now made additional recommendations in our Pre-Budget Memorandum and hope they are implemented, with a view to ensuring rapid growth of textile industry. Textile India Progress has also recommended His Excellency, Mr Narendra Modi, Prime Minister of India, to engage with a team of textile industrialists, to suggest radical policy measures, for protecting banks Rs 2,50,000 crore, which is the exposure to the textile industry. Although, Textile India Progress is making its own recommendations objectively and independently, we believe that Industrialists would have better knowledge and expertise to tide over the present crisis.

India’s Manmade Fibre Industry requires encouraging fiscal policies and hence, we have recommended excise duty reduction on Manmade Fibres to 6% from present 12%. We have also suggested an increase of export subsidy for Cotton Based Fabrics and Manmade Textiles, with a view to become competitive in the export market. Hence, the need of the hour is to convert the present crisis into an opportunity by producing garments for indigenous consumption and exports.

Viswanath Chandran Vicha


February 2017 1

Letter From Publisher


LIVA, a leading fashion fabric brand from the house of Aditya Birla recently launched their first and India’s only state of the art studio exclusively for their LIVA Accredited Partner Forum (LAPF) partners.

LAPF Studio harnesses the strength of one of the largest garment clusters in the world at Noida where over 650 garment units are located. It will act as a one-stop customer experience centre for technical, product and marketing solutions.

The studio offers more than 1000 fabrics of Viscose, Modal & Excel on display with detailed technical specifications along with wide variety of fabrics including Woven, Knitted, Flat Knitted etc. Also, LIVA’s sea-sonal collection specially designed by their in-house designers will be on display in the studio.

LIVA Accredited Partner Forum (LAPF) is the first of its kind platform in the textile fraternity that connects and builds a network of textile professionals.

The launch witnessed the presence of Mr. Rajeev Gopal, Chief Marketing Officer, Birla Cellulose and Birla Cellulose team from across India and Mr Lalit Thukral, President NAEC (Noida Apparel Export Cluster).

Well-known fashion designer Narendra Kumar and celebrity jewellery designer Rid-dhima Kapoor Sahni marked their presence and added fashion quotient to the event and inaugurated the Studio in Noida.

Talking about the features of LAPF stu-dio, Mr. Rajeev Gopal, CMO, Grasim said “The LAPF studio will act as an enabler for our value chain partners. We are happy to associate with Noida garment cluster which is a key source to clothing brands across

Fluid Fashion Gets a New Destination as LIVA Launches First LAPF Studio in Noida

2 February 2017

the world. We are excited to see this part-nership and support of the entire textile in-dustry particularly LAPF members. We soon intend to launch LAPF studios into national and international markets”

LAPF studio connects with over 650 gar-ment manufacturers & exporters, over 50 local & international brands, 50 international buying houses, agents and traders, 100 fashion design houses. LAPF partners will be invited to special events to experience technical developments in Textile, Seasonal Collections. LAPF studio will also host inter-esting talks on fashion by eminent person-alities from the fashion industry to keep the partners updated about the new trends in the fashion segment.

Mr. Lalit Thukral added,” We were very excited to see Liva SS17 seosonal collec-tion at LAPF meet last year during which the seeds of LAPF studio was sown. We are

very happy to have it opened in Noida which is the garment hub of the country. We have 650 members who are exporting to leading clothing brands across the world. The inno-vations brought by Liva Fabrics would be of immense benefits”

Narendra Kumar who graced the occa-sion said, “Liva fabrics has all the ingredients that a fashion designer requires to make an outfit. I am very happy to see textile industry adapting to the fashion & design.”

Ms Riddhima Kapoor who also graced the occasion said, “ The fabric has a sense of comfort and vast versatility. There are variety of dresses one needs to have in their wardrobe like casual, dressy etc. My day requires me to wear my day requires to Brand Liva’s journey of collaboration with the entire value chain of textile industry is taking firm roots with such initiatives.

The brand plans to expand soon into national and international markets

From left to right: Mr. Manohar Samuel, Mr. Lalit Thukral, Mr. Narendra Kumar, Ms. Riddhima Kapoor Sahni, Mr. Rajeev Gopal, Mr. Uday Khadilkar, Mr. Sanjay Verma

Textile IndiaProgressTextile India

Progress

Textiles - Apparel - Fashion - Synthetic Fibres & Filament Yarns - Textile Machinery & Technologies - Accessories & Components - Dyestuffs & Chemicals


Committed to Values And ExcellenceTextile India Progress Mission For

Transforming India’s Textile and Apparel Industry to Attain $350 Billion Textile Output by 2025Textile India Progress is a journal dedicated to the overall cause of textile industry, including standalone spinning mills, integrated textile mills, powerloom and handloom sectors. The journal is pub-lished bimonthly every two months in February, April, June, August, October and December every year. The journal’s objective is to espouse the cause of Indian Textile and Apparel Industry. Senior Editors of the journal have mutual exchange of views and ideas with Textile Leaders and Government of India, with a view to fructifying the National Textile Vision document and National Textile Policy, which has set the target for Indian Textile and Apparel Industry to increase from current output of $110 billion to $350 billion output by 2025 (domestic $200 billion and export $150 billion).With this ambitious target, textile industry can alter the job scenario and manufacturing landscape, thereby fulfilling Honourable Prime Minister’s Vision to put textile segment as part of “Make in India” program. It is possible to attain this ambitious target, however dif-ficult to implement many of the innovative ideas. These innovative ideas can be successfully implemented with the co-operation of In-dustry, Government of India and Consumers. Traditional millowners need to change their mindset of running only spinning units and they must install processing plants, going for forward integration in processed fabrics and finally to garment production.India is currently exporting cotton yarn, spun yarn and polyester filament yarn together for $7 billion. If India exports processed fab-rics, the value addition of this cotton yarn, will be an additional five times of this value at $35 billion. If India exports garments, the value addition of this yarn will be ten times of the value of cotton yarn at $70 billion.Textile India Progress is committed to Values and Excellence. Se-nior Editors of the journal are committed in their Mission to work with Government of India, Industry and Consumers. Mr Raju Chandran, Managing Editor, Textile India Progress was invited by Government of India, Minister of State for Textiles (Independent Charge), to a detailed discussion on what should be done to attain $350 billion textile output by 2025. The textile expert suggested that we must have a thrust on Value Addition from cotton yarn to garments and from synthetic fibres and filament yarns to garments. This will in-crease the current output by 10 times. Mr Raju Chandran told the Minister that as against our current export of $7 billion worth cotton yarn, India can export for a value of $70 billion annually, if these cotton yarn and synthetic fibres and filament yarns are converted into garments. Hence, he has recommended the immediate setting up of Integrated Textile Parks, near the Sea Coast. In case of stand-alone spinning units, Mr Raju Chandran suggested that Govern-ment of India, must extend them facilities to expand into processing and weaving facilities, so that these units, become viable and are able to make profits. Textile India Progress has offered to share its Knowledge with Government of India, Industry Leaders, Consum-ers, with the objective of rebuilding Indian Textile Economy, which is currently facing severe crisis.

Editorial

Banks Exposure to Textile Industry is Rs 2,50,000 Crore .......................... 5

Cover Feature

Textile India Progress Pre-Budget Memorandum 2017-2018................ 6-10

Special Feature

Think of Printing,Think of Zimmer..............................................................11Milestones .................................................................................................11Zimmer Klagenfurt | Screen Printing and Coating Systems .................... 12Zimmer Kufstein | Digital Printing Systems .............................................. 12Rota screen Trendline G........................................................................... 13Rotascreen Trendline U ............................................................................ 13Dryer & Steamer ....................................................................................... 14Manufacturer ............................................................................................ 16“LMW’s Launches Innovations with Automation and Energy Efficient Spinning Solutions at India ITME 2016” ................................................... 17Card LC 636: ............................................................................................ 17Drawframes LDB 3 & LDF 3: .................................................................... 18Comber LK 700: ....................................................................................... 18Auto doffer Speedframe LF4200/AX: ....................................................... 19Change Gearless Suction Compact Ring frame LRJ9/SX: ...................... 19New Jet Spinning LJS 9: .......................................................................... 20LEED in India ITME – 2016 ...................................................................... 20Lakshmi Caipo in India ITME – 2016........................................................ 20Uster Technologies AG Exhibits all Products at India Itme 2016 .............. 21Quality strategy and in-house spinning .................................................... 21Indian cotton: tackling the contamination issue ........................................ 22Rotorcraft – Swiss Spinning Solutions...................................................... 23High cotton prices to hit yarn producers ................................................... 23The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) Successfully Organized 2nd Edition of “INTEXPO” Myanmar in Yangon .................................................................................. 24Participants and Products......................................................................... 24Interactive Meeting Between Mr Narain Aggarwal, Vice Chairman, SRTEPC and Mgma Members ................................................................. 24Business Visitors ...................................................................................... 25Textile and Apparel Industry in Myanmar.................................................. 25India’s Export of MMF Textiles to Myanmar .............................................. 25Exports ..................................................................................................... 26Conclusion ................................................................................................ 26StockHolding “Mission to be a world class ‘Technology Driven’ and ‘Client Focused’ market leader in financial and technical services” .............................................................................................. 27-31Santex Rimar at India Itme 2016 Exhibition ............................................. 32

The Editor is in no way responsible for the views expressed by the Authors and for the authencity of write-ups of products published in this issue. The articles, news items, editorials published in this Issue are meant for information purposes only and thus cannot be considered as soliciting and offer for sale or purchase of textiles, textile machineries, dyestuffs and chemicals or any other products. No material should be reproduced without the written consent of the Editor.

CONTENTS

February 2017 3

Mr Raju Chandran, Managing Editor, Textile India Progress has presented his Pre-Budget Memorandum of Thursday, 5 January, 2017, to His Excellency, Mr Narendra Modi, Prime Minister of India, Honourable Mr Santosh Kumar Gangwar, Minister of State for Finance, Cabinet Min-isters and Secretaries of Government of India.

Textile India Progress Team has urged Government of India to introduce major reforms for growth of Indian textile and apparel industry. The current challenges facing the textile sector, could be con-verted into an opportunity. Textile India Progress has recommended numerous measures to Government of India, with the objective of attaining US$ 350 billion textile and apparel output and create 35 million jobs by 2025. Ever, since Mr Raju Chandran, had met Honourable Mr San-tosh Kumar Gangwar, Minister of State for Finance, Government of India, many of our suggestions have been implemented. Tex-tile India Progress has made the following recommendations for incorporating same in Union Budget 2017-2018:-

a) Excise duties on all categories of Man-made Fibres should be reduced to 6% from existing 12%. Such categories include viscose staple fibre, acrylic staple fibre, polyester staple fibre, viscose filament yarn, nylon filament yarn, polyester filament yarn and poly-propylene filament yarn.

b) Government of India must emulate China Textile Industry and focus on Processing and Garmenting, focus on Niche Products to produce Garments, such as Sports Wear, Leisure Wear, Party Wear, Yoga Wear, Technical Tex-tiles, and Home Textiles. Government must set up Integrated Textile Parks, near Sea Coast, in Maharashtra, Guja-rat or Andhra Pradesh, for producing such Garments, so that these Gar-ments, could be exported. Government must make FDI investments in textile machinery attractive, for FDI to flow into India. International textile machin-ery manufacturers, producing cotton textiles machinery and machineries for Manmade Fibres must be given an attractive proposition to welcome FDI into our country.

c) Banks exposure to Indian textile and apparel industry is Rs 2,50,000 crore

and Government of India must protect the bank funds, for which, we require Innovative Policies from Government of India.We must on Focus on getting Export market for processed fabrics and garments, where the margins are attractive. Here forward integration be-comes imperative.

d) India has 900 textile mills, out of which 850 mills are standalone textile spin-ning mills. Structural weakness in In-dian standalone cotton spinning yarn mills are confirmed from the fact that many of them are unable to even pay bank interest, for loans they have taken, to set up the spinning projects. Many standalone spinning textile mills are already on the verge of closure.

e) Government of India must engage with Successful Textile Industrialists, to take their guidance, to bail the Indian Textile and Apparel Industry from the current crisis. His Excellency, Mr Na-rendra Modi, Prime Minister of India, must formulate a Team of Experts in his Office, to prepare a Road Map for the growth of Indian Textile and Ap-parel Industry. Banking sector’s exposure to Indian

textile and apparel industry is Rs 2,50,000

February 2017 5

crore and 20% NPAs, as many of the standalone spinning mills would not be able to become viable. Textile companies, with NPAs would do well to be innova-tive in their product mix, with a view to making their textile mill viable and subse-quently entering the growth phase. This is the current situation of standalone spin-ning mills. If immediate action is not taken by millowners, it is quite likely, hundreds of standalone spinning mills may become unviable and banks may lose their NPAs This is a challenging task, which requires to be urgently attended and strategy pre-pared for quick implementation of the same. However, it is possible to convert such challenges into opportunities and we have innovative ideas to turnaround the Indian textile and apparel industry and protect banks exposure of Rs 2,50,000 crore.

Textile India Progress, is honoured to be contributing its recommendations to Government of India and hopes that its Pre-Budget Memorandum of 5 Janu-ary, 2017 is implemented in Union Budget 2017-2018. Textile India Progress Team is available to Government of India, for any further suggestions for rapid growth of In-dian textile and apparel industry.

EDITORIAL

Banks Exposure to Textile Industry is Rs 2,50,000 CroreMajor Reforms Necessary for Growth of Indian Textile and Apparel Industry

Mr Santosh Kumar Gangwar, Minister of State for Finance, Government of India, in discussion with Mr Raju Chandran, Managing Editor of Textile India Progress


180x250mm.ai 24-Oct-16 11:16:07 AM180x250mm.ai 24-Oct-16 11:16:07 AM


Cover Feature

1. Reduce Excise Duty on Manmade Fibres to 6%

Mr Raju Chandran, Managing Editor, Textile In-dia Progress in his Pre-Budget Memorandum submitted on Thursday, 5 January, 2017, has urged His Excellency, Mr Narendra Modi, Prime Minister of India, Honourable Mr Arun Jaitley, Fi-nance Minister of India, Honourable Mr Santosh Kumar Gangwar, Minister of State for Finance,

Government of India, other Honourable Cabi-net Ministers and Secretaries of Government of India to reduce excise duty on Manmade Fibres to 6%, from the existing 12%, to boost domestic textile consumption and exports. The seven categories of Manmade Fibres are vis-cose staple fibre, acrylic staple fibre, polyester staple fibre, polyester filament yarn, nylon fila-ment yarn, viscose filament yarn and polypro-pylene filament yarn.

Dated: Thursday, 5 January, 2017

Textile India Progress Pre-Budget Memorandum 2017-2018Submitted to Government of India on Thursday, 5 January, 2017 to:

1. His Excellency, Mr Narendra Modi, Prime Minister of India

2. Honourable Mr Arun Jaitley, Finance Minister, Government of India

3. Honourable Mr Santosh Kumar Gangwar, Minister of State for Finance, Government of India

4. Honourable Mr Arjun Ram Meghwal, Minister of State for Finance, Government of India

5. Honourable Mrs Smriti Zubin Irani, Minister of Textiles, Government of India

6. Mr Nripendra Mishra, Principal Secretary to Honourable Prime Minister of India

7. Mr Ashok Lavasa, Finance Secretary, Government of India

8. Dr Hasmukh Adhia, Revenue Secretary, Government of India

9. Mr Shaktikanta Das, Economic Affairs Secretary, Government of India

10. Mr Arvind Subramanian, Chief Economic Adviser, Government of India

11. Ms Rashmi Varma, Textile Secretary, Government of India

MAJOR REFORMS NECESSARY FOR GROWTH OF INDIAN TEXTILE AND APPAREL INDUSTRY

February 2017 7


2. Textile India Progress Team Grateful to Government of India for Implementing Many Recommendations made in the last two years, from November, 2014 onwards

Mr Raju Chandran, has recommended numer-ous measures for the rapid growth of Indian tex-tile and apparel industry. Textile India Progress Team has been making periodical representa-tions to Government of India, on behalf of the industry, since November, 2014. Government of India has accepted and enunciated as policy measures, several recommendations made by Textile India Progress Team. Government of In-dia has yet to accept some more suggestions made by our Team.

3. MMF Textiles Exports Can Increase to US$10 billion from present US$6 billion

India’s exports of MMF textiles could increase to US$10 billion from the present US$6 billion, if the excise duty on Man Made Fibres is reduced to 6% from the existing 12%. Further, enhanc-ing export competitiveness for MMF Textiles is the need of the hour, as some of the countries have got preferential access to export markets like EU and USA. Besides discriminatory excise duties on Manmade Fibres, Indian Manmade textiles are also subjected to trade barriers, in markets like China, Turkey and Canada.

4. India’s Declining Textile Exports

India’s low export of textiles, is because val-ue addition for yarns produced in India is tak-ing place in China, Bangladesh, Pakistan and several other countries. Indian textile industry is exporting about US$7 billion worth of cotton

yarns, spun yarns and polyester filament yarns. If these products are converted into garments, through value addition, Indian textile industry will be exporting US$70 billion worth of textiles. Textile India Progress Team has drawn out a complete strategy to increase India’s textile and apparel output to US$350 billion and create 35 million jobs, by 2025 from the existing US$110 billion textile and apparel output.

5. Large Investments Made in Manmade Fibre Industry Not Operating at Optimum Capacity

Textile India Progress Team, is convinced of the fact that unless excise duties on Manmade Fibres is reduced, the Manmade Fibre Industry in India cannot attain optimum capacity utilisation and large investments, made as capital expenditure, for expansion by Manmade Fibre companies will be rendered idle. Currently, Manmade Fibre In-dustry is not operating at optimum capacity. The consequences, on one hand will stifle growth and on the other hand will result in not creating employ-ment opportunities. The Vision Document of Min-istry of Textiles, Government of India has targeted to attain textile and apparel output of US$350 bil-lion and create 35 million jobs by 2025, from the existing US$110 billion output.

6. Background of Indian Textile Industry

Indian Textile Industry is one of the leading textile industries in the world and has an over-whelming presence in the economic life of the country. Textile industry contributes about 14% to industrial production, 6% to the GDP, and 17% to the country’s export earnings. It em-ploys 35 million strong work force. Government of India, National Textile Policy, Vision Docu-ment projects Indian textile and apparel exports to grow substantially by 2025. This is a chal-

8 February 2017


lenging task and can be met by incurring an ad-ditional investment of Rs 50,000 crore, which will create around 35 million jobs. With this am-bitious target, Indian textile industry can alter the job scenario and manufacturing landscape, thereby fulfilling Honourable Prime Minister’s Vision to put textile segment as part of “Make in India” programme.

7. India’s Declining Cotton Yarn Exports to Result in Crisis in India’s Spinning Sector

India’s declining cotton yarn exports is expect-ed to result in severe crisis and job losses in India’s standalone spinning mills, leading to un-employment. In the last seven months of this fiscal year, cotton yarn exports have fallen 23 per cent, as China is substituting its imports with domestic production. China’s overall yarn import declined 20 per cent in seven months of this fiscal year, with a 54 per cent fall in purchases from India. While the impact of the sharp fall in exports has been cushioned by an estimated recovery in domestic consumption, a sustained revival will be challenging due to the adverse impact caused by the standalone spin-ning mills, numbering 850, unable to change their mind-set, to go for forward integration for putting up processing and garmenting units. Several standalone spinning mills, will become unviable in the long-term period, if they do not go for forward integration.

8. Future Prospects of Indian Cotton and Manmade Fibre Industry

However, with the massive economic develop-ment and subsequent rising labour costs cou-pled with appreciating currency, energy costs and domestic focus. China will be slowly mov-ing out of the driver’s seat, vacating a textile

trade space of more than US$100 billion, over the next 4 to 5 years. In order to attain a textile industry size of US$350 billion with an export target of US$150 billion, India needs about 25 billion kg of textile fiber, from the present level of 10 billion kg, comprising 6 billion kg Cotton and 4 billion kg Manmade Fibres. Indian cot-ton is rain dependent and limited agricultural land, which will make this target very optimistic. Even in case, Government experts assume that cotton reaches 10 billion kg, we need to invest and increase Manmade Fibres production from the current 4 billion kg to 15 billion kg. Pres-ent investments in Manmade Fibre sector are not giving remunerative returns. Many units in Manmade Fibre industry are making losses and several units are not operating at optimum ca-pacity due to the following reasons:

a) Manmade fibre industry is highly technol-ogy intensive, however, there has been no Foreign Direct Investment in this sector, due to the prevailing fiscal policies. Instead, companies with latest generation technol-ogy, prefer taking their technology and Re-search and Development departments to economies like China, Vietnam and Ban-gladesh, which have better fiscal climate for Manmade Fibres.

b) Large textile machinery manufacturers like Teijin, Murata, Toray and Tsudakoma of Ja-pan have invested close to US$1.5 billion in China to produce plant and machinery for Manmade Fibres and Yarns.

c) China is currently facing severe economic issues. In view of the phenomenal growth projected for Manmade textiles in India, these large Japanese textile machinery manufacturers are expected to make similar investments in India. Teijin, Murata, Toray and Tsudakoma are in a position to provide India latest generation technology in Man-

February 2017 9


made Fibre sector and also bring in money through FDI, to India.

9. Overview of Indian Textile and Apparel Industry

Indian Textile and Apparel Output is valued at US$110 billion, out of which exports account for US$40 billion and US$70 billion for indigenous consumption. The per capita consumption of fabric in India is 3 kg, as against world average of 15 kg. India’s exports of US$40 billion con-sists of 20% Manmade Apparels. The reason for India’s low export is because value addition for yarns produced in India, is taking place in China, Bangladesh, Pakistan and several other coun-tries. Indian textile industry is exporting about US$7 billion worth of cotton yarn, spun yarn and polyester filament yarn and if these prod-ucts are converted into garments, through value addition, Indian textile industry will be exporting US$70 billion worth of textiles from cotton yarn, spun yarn and polyester filament yarn. This is a possible proposition that Textile India Progress Study Team would like to make to Government of India.

10. Overview of China Textile and Apparel Industry

a) China Textile Industry is producing Textiles and Apparel valued at US$650 billion, out of which exports account for US$275 bil-lion and US$375 billion for domestic con-sumption.

b) The per capita consumption of fabric in China is 18 kg.

c) China exports US$275 billion consists of 80% Manmade Apparels.

d) China Textile Industry grand success in do-ing an output of US$650 billion, is mainly because of their focus on producing Pro-cessing and Garmenting, which is a big

value addition to their original Yarn pro-duction. China has already started scrap-ping its spindles, as producing only cotton yarn is unprofitable. China Textile Industry is currently focussing on importing Yarns from India and exporting finished gar-ments, thereby giving them ten times value addition for their exports.

e) This position is also changing with times, as China is no more interested in import-ing cotton yarn from India, as it prefers to source cotton yarn also domestically, leav-ing India’s 850 standalone textile spinning mills, no other alternative than to go for forward integration.

11. Suggestions to Government of India for Immediate Implementation in Union Budget 2017-2018

a) Excise duties on all categories of Man-made Fibres should be reduced to 6% from existing 12%. Such categories in-clude viscose staple fibre, acrylic staple fibre, polyester staple fibre, viscose fila-ment yarn, nylon filament yarn, polyester filament yarn and polypropylene filament yarn.

b) Government of India must emulate China Textile Industry and focus on Processing and Garmenting, focus on Niche Products to produce Garments, such as Sports Wear, Leisure Wear, Party Wear, Yoga Wear, Technical Textiles, and Home Tex-tiles. Government must set up Integrated Textile Parks, near Sea Coast, in Maha-rashtra, Gujarat or Andhra Pradesh, for producing such Garments, so that these Garments, could be exported. Govern-ment must make FDI investments in tex-tile machinery attractive, for FDI to flow

10 February 2017


into India. International textile machinery manufacturers, producing cotton textiles machinery and machineries for Manmade Fibres must be given an attractive propo-sition to welcome FDI into our country.

c) Banks exposure to Indian textile and ap-parel industry is Rs 2,50,000 crore and Government of India must protect the bank funds, for which, we require Inno-vative Policies from Government of India and must on Focus on getting Export mar-ket for processed fabrics and garments, where the margins are attractive to cotton spinning yarn mills. Here forward integra-tion becomes imperative.

d) India has 900 textile mills, out of which 850 mills are standalone textile spinning mills. Structural weakness in Indian standalone cotton spinning yarn mills are confirmed from the fact that many of them are un-able to even pay bank interest, for loans they have taken, to set up the spinning projects. Many standalone spinning textile mills are already on the verge of closure.

e) Government of India must engage with Successful Textile Industrialists, to take their guidance, to bail the Indian Textile and Apparel Industry from the current cri-sis. His Excellency, Mr Narendra Modi, Prime Minister of India, must formulate a Team of Experts in his Office, to prepare a Road Map for the growth of Indian Textile and Apparel Industry.

12. Indian Textile and Apparel Industry in Deep Crisis

India’s Textile and Apparel Industry is in deep crisis, and we need solutions, through a prag-matic approach by Government of India and Industry. It is essential to invest in forward in-tegration projects, such as processing fabrics,

garmenting and being Innovative in approach to produce products, which have demand in in-ternational market. Textile India Progress Team foresees a major crisis likely to happen in the textile industry, if the Government of India and Textile Millowners, do not take appropriate ac-tion, for revival of the textile mills.

13. Textile India Progress Study Team Idea of a NEW INDIA is to convert the present Challenge into an Opportunity

This can be done if Government of India, imple-ments our recommendations as policy mea-sures in Union Budget 2017-2018. Textile India Progress Team is already rendering its Honor-ary Services to Government of India, with the objective of attaining US$350 billion Textile and Apparel Output and create 35 Million Jobs by 2025, as per the Vision Document of Govern-ment of India, Ministry of Textiles.

14. Our Contact DetailsOur email id is [email protected]. Our Office Nos are: 022-24097782 and 022-24097185. Mr Raju Chandran’s Mobile No is 09820048364. We would be happy to provide any clarifications to Government of India, on the points mentioned in this Study Paper. Textile India Progress Study Team would continue its Honorary Services,to Government of India, for the rapid growth of Indian Textile and Apparel Industry.

Best Regards

Yours sincerelyFor and on Behalf of Textile India Progress Study Team

Raju Chandran

Managing Editor

February 2017 11


Rotorcraft stands for Swiss In-novations in Spinning Technology, which are designed along three prin-ciples: Efficiency, Simplicity and Sustainability.

At India Itme 2016, the Rotorcraft booth was one of the main attractions of the show, as the company pre-sented a revolutionary new ring spin-ning frame. Named Next Generation Spinning (NGS®), this frame meets all the requirements of a 21st century mill. In order to avoid any human and operating errors that are common with ring frames today, the Next Gen-eration Spinning frame has no setting screws whatsoever. The setting of the drafting systems is achieved by the use of exchangeable elements in dif-ferent colours. The distance between the drafting system and the spinning

Rotorcraft – Swiss Spinning Solutionsring remains constant during the en-tire operation. Bottom aprons are re-placeable individually while the frame is running. A low-pressure channel is built in between the working elements of both sides of the frame, rather than above the frame. The channel is large enough to fit the suction tubes as well as the low-pressure elements for pneumatic compact spinning. The two sides of the frame can work com-pletely independently, and all bearing of the working elements are sealed for life.

The results of above mentioned parameters are equalized tension and evenness of yarn at a constant production speed. Spindle-to-spindle variations become history. This al-lows the mill to produce either better quality yarn, of achieve a remarkable

higher overall output.

A large international audience vis-ited the Rotorcraft booth, the common overwhelming feedback from techni-cal experts and mill owners sounds like: “We have seen the future of ring spinning,” “NGS is the game changer for the next decade.”

The next generation of Compact Spinning Systems named Green Compact (pat.pend.) also was on display. The system attains the yarn quality improvements introduced by the first generation of compact-ing systems, while saving 6-8 USD in energy cost per spindle per year. It therefore performs considerably more economically and sustainably compared to old generation com-pacting systems.

High cotton prices on the back of low arrivals are set to hit spinners even as yarn demand falls in the ex-port market.

Cotton yarn exports are under pres-sure due to lower demand from China, the largest importer of yarn from In-dia.

Though cotton prices have fallen since the beginning of the harvest sea-son, it is still 17 per cent higher com-pared to the same period last year due to the hangover of the shortage faced last year.

This apart, cotton arrivals have slowed after demonetization of high-value currency last month and un-certainty related to the extent of im-provement in the domestic crop-size estimate.

High cotton prices to hit yarn producersJayanta Roy, Senior Vice-President,

and Group Head, ICRA, said the fall in export demand for cotton yarn is a ma-jor challenge for spinners here as the industry has been exporting a third of yarn produced for the last four years.

In the last seven months of this fis-cal year, cotton yarn exports have fallen 23 per cent as China has been pushing its mills to consume cotton produced domestically to reduce dependence on imports.

Chinas overall yarn import declined 20 per cent in seven months of this fis-cal year, with a 54 per cent fall in pur-chases from India.

“While the impact of the sharp fall in exports has been cushioned by an esti-mated recovery in domestic consump-

tion, a sustained revival will be chal-lenging due to the adverse impact of demonetisation on disposable income and consumer spending,” said Roy.

At 1.1 per cent, Yarn production registered the lowest growth in four years in the first half of this fiscal year while cotton yarn production fell 1.8 per cent during the same period last year.

With the fall in demand, spinners have to cut down on capacity utiliza-tion, which is likely to put pressure on their profitability.

Apart from lower profits, the high cotton prices will translate into higher working capital requirements, leading to higher borrowings and weaker cred-it metrics of players, said ICRA.

12 February 2017


Think of Printing,Think of ZimmerJ. Zimmer Maschinenbau GmbHZIMMER AUSTRIA with sites in Klagenfurt and Kufstein has been for many years a worldwide leader among the producers of machines for textile and carpet finishing (digital printing systems, flat screen and rotary screen printing, coating, steaming, washing, and drying).

ZIMMER AUSTRIA reaches even the most distant markets and supplies all around the globe owing to a strong and well-developed partner network and cooperation with independent sales and ser-vice companies ZIMMER AMERICA and ZIMMER CHINA.

ZIMMER AUSTRIA offers all elements out of one hand:

complete lines

high-quality and reliable control systems as well as software

complete process and application know-how

service and support

MILESTONES“First in Quality” and “First in Service” - ZIMMER AUSTRIA has been committed to this motto con-stantly for more than 135 years. Many innovations

and pioneering milestones for the textile printing in-dustry have been done by Zimmer over more than a century.

After the Second World War ZIMMER AUSTRIA was re-established in Kufstein (Austria) and the Jo-hannes Zimmer location in Klagenfurt (Austria) was established.

1874 Foundation of Franz Zimmer at Warnsdorf (North Bohemia/ K&K monarchy)

1950 Re-establishment of Zimmer in Kufstein (Austria)

1951 Duplex screen printer

1952 Flat screen printer

1955 Rotary screen printer

1956 Invention of Zimmer magnet system

1960 Establishment of Johannes Zimmer Klagenfurt (Austria)

1962 Magnoroll (high-precision coating machine for technical textiles and fabrics)

1962 Flat screen printer for carpets

1976 Development of digital carpet printing system

2005 ChromoJET 25 dpi (high res. digital carpet printer)

2009 ChromoJET 76 dpi (process color printing)

2010 Colaris for Home Textiles, Fashion, Flags and Banners ...

ZIMMER AUSTRIA’s sites in Klagenfurt (left) and Kufstein (right)

Zimmer’s Erben A.-G. | Warnsdorf

Special Feature

February 2017 13


Competence Centre ZIMMER Klagenfurt provides all screen printing and coating machines, as well as hot air dryers, heat treatment machines and loop steamers. The lines are adapted, designed and manufactured according to the requirements of our customers.

DELIVERY PROGRAM Zimmer Klagenfurt

Rotary screen printing

Zimmer Klagenfurt | Screen Printing and Coating Systems Flat screen printing Coating lines Hot air dryers Heat treatment machines Loop steamers Contract manufacturing

Hall Zimmer Klagenfurt

Zimmer Kufstein | Digital Printing SystemsZIMMER AUSTRIA Kufstein | Digital Printing Sys-tems is the digital competence center for textile and carpet printing machines as well as system supplier for carpet coating lines.

Hall Zimmer Kufstein

Human resources are the core of our success. The Zimmer Academy, our own education division, trains basically mechatronic engineers.

ZIMMER Kufstein develops in its core competence,

14 February 2017


new fields of digital printing applications within the carpet and textile industries. Our R&D departments for software, jets, prototyping, electronics and con-trols are focused on continued market leadership.

The manufacturing department is equipped with the most recent CNC machinery and self-developed fabrication machines.

DELIVERY PROGRAM Zimmer Kufstein

Chromo JET - digital printer for pile products

BCL - Coating lines for carpets

SupraMix - In-line dosing and mixing systems for thickener and chemicals

SupraFoam - In-line foam generator with auto-matic dosing

Colaris - Inkjet printing system for all kinds of tex-tiles

Colaris-NF - Inkjet printing system for tapes and belts (Narrow Fabrics)

Contract manufacturing

Indian Market and key reference:

In last few years Indian market have gone in for qual-ity printing machine resulting all top players in Indian market for woven, knit and bed linen and terry seg-ment have gone in for Zimmer printing machines. Kitex, KPR, Premier, Morarjee, Trident, Baviq terry, Arvind, Shahi, RMP, pcColours, Four star group. Digital printing machines are already in operation at Abiashmi, Sreepraksh, Welspun In last 12 months almost 12 Zimmer printing printing machines have been chosen by the Indian printers .

Rota screen Trendline G

OverviewRota screen TG - closed bearing system. The most versatile printing machine on the market. Any re-peat size from 64 to 102 cm can be printed without adaptors.

Rota screen Trendline G

The most versatile printing machine on the market. Any repeat size from 64 to 102 cm can be printed without adaptors. Width adjustment of both print heads enables narrow printing on any wider ma-chine.

One or both sided screen drive.

High precision printing at any speed up to 120 m/min.

Automatic pre-repeat adjustment and design mem-ory.

Original Zimmer Magnet System Plus for the color application.

Maximum flexibility, maximum printability and maxi-mum quality are combined in the new Rota screen modular machine concept. Various squeegee sys-tems can be combined, with individual selection of infeed and exit systems.

Available printing widths: 185, 250, 285, 330 cm

Rotascreen Trendline U

OverviewRota screen TU - open bearing system. Very com-pact and solid construction with only one rigid stain-less steel support across the machine. Optimum view onto the printed fabric between the individual

February 2017 15


printing stations.

Rota screen Trendline U

Very compact and solid construction with only one rigid stainless steel support across the machine. Optimum view onto the printed fabric between the individual printing stations. Automatic repeat adjust-ment for different repeat sizes from 64 to 102 cm.

Width adjustment of both print heads enables nar-row width printing on any wider machine.

One or both sided screen drive.

Maximum flexibility, maximum printability and maxi-mum quality are combined in the new Rota screen modular machine concept. Various squeegee sys-tems can be combined, with individual selection of infeed and exit systems.

Available printing widths: 185, 250, 285, 330 cm

OverviewFlat screen printing machine type MagnoprintTrend line

Magnoprint

Flat screen printing machine with “Zimmer” Magnet-System Plus, electric printing-blanket- and squee-

gee drive, electric flat screen lifting with prelowering, flat screen holding or flat screen carriage manually adjustable by wheels with 4-point take-up,

Suitable for a maximum flat repeat of 700 cm and a maximum effective length of 62 meters. The maxi-mum number of colors depends on repeat and ef-fective length.

Dryer & Steamer

Compact HC Dryer

Compact HC Dryer

MODUS Steamer

The MODUS Loop Steamer

16 February 2017


February 2017 17


J. Zimmer Maschinenbau GmbHKlagenfurt / AustriaEbentalerstraße 133 A-9020 Klagenfurt Phone: +43.463.3848 Fax: +43.463.319203E-Mail: [email protected] in India:A.T.E. Enterprises Private LimitedA-19 CTS 689, Veera Desai Road Andheri (West), Mumbai 400 053 India+91-22-66766100 / 66766200www.ategroup.com

Manufacturer

J. Zimmer Maschinenbau GmbHKufstein / AustriaEibergstrasse 2 - 8A-6330 KufsteinTel: +43.5372.64893-0Fax: +43.5372.61476 E-Mail: [email protected]

D. K. T. E. Society’s Textile and Engi-neering Institute’s International Alumni Meet was concluded successfully at ITME 2016, Mumbai on 4th December, 2016. About 600 alumni of DKTE participated in this meet. More than 20 of them were from other countries.

India ITME Exhibition Society organiz-es exhibition of textile machinery once in every four years. Students graduated from DKTE and working in national and Inter-national organizations visit this event. A get together of these students was orga-nized at the ITME square in ITME, Mumbai. DKTE was also the knowledge partner of ITME 2016.Peass Group, Dogetech, Mul-tigroup, Shivam Textiles, Schoch Reeds, Taskar Engineering and Inspiron were the sponsor of the alumni meet.DKTE regular-ly organizes the alumni meet to bring all the members of the DKTE family on one platform for interaction.

The alumni meet started with national anthem and Mr. Dhaval Desai, President, DKTE alumni Association welcomed the gathering. Prof. (Dr.) P. V. Kadole, Princi-pal / Director, also the alumni, spoke on the progress and achievements of the In-

DKTE International Alumni Meet -2016 at India ITME - 2016, Mumbai

stitute. Prof. Kadole stressed the need for the good cooperation between alumni and the Institute. An alumnus is the pillar of the Institute, he said. Mr. Sanjeev Lathia, Chairman, ITME Society, while explain-ing about the ITME event, mentioned the importance of association between ITME and DKTE. Mr. Pellegatta, Director, ACIM-IT, Italy, admired the activities of DKTE. Hon’ble Shri. Prakash Awade, Vice- chair-man DKTE Society guided the gathering. He said facilities and faculty members of DKTE are always available for the benefit of alumni and also he invited the alumni to visit the Institute at least once in a year to get the information of the progress of the Institute.

After the formal inauguration pro-gramme, a ‘Generation Rock Band’ was organized by the students and alumni of DKTE and won the heart of the gathering

through this Rock band. Alumni of the Me-chanical, ETC, Electronics, CSE, IT and MBA along with textile department were participated in the meet. Students ex-changed their feelings and recalled their old memories. Because of the cordial re-lationship with the institute, large number of alumni participated in this meet. Alumni expressed their happiness about the suc-cess achieved in their career. They en-joyed the meeting and conveyed their best wishes to the success of the Institute.

Organization of alumni meet in the mega event ITME is considered as a mile-stone and honor for the Institute and the Institute’s name and fame is extended to the global platform.Since inception of the institute, 9500 students have gradu-ated from the institute and are working successfully at national and international organizations. Many of them are also suc-cessful entrepreneurs. DKTE is a brand at global level due to the success of its alumni in the various organizations.

Prof. (Dr.) U. J. Patil proposed vote of thanks. Prof. P. H. Ukey, Prof. A. U. Awasare and all the alumni of DKTE extended their support for the success of this event.

18 February 2017


February 2017 19

Special Feature

INDIA ITME 2016 has been the most successful ITME’s held so far for LMW in terms of customer enquiries and general visitors.

December 3rd to 8th, 2016 Global & Indian Textile fraternity witnessed LMW’s New Innovations with Automation and Energy Efficient Spinning Solutions in all the three subsystems at Hall 1, Stall C2D1. The live demonstration of the products and its out-standing superlative features were well appreciated by the customers.

In an unprecedented move, LMW release a mani-fest to match even better than before the exact spinning requirements of customers with latest and most advanced technology, designed with customer needs in mind.

The products at display were:Card Sliver System – Card LC 636

Combing System – Breaker Drawframe LDB 3, Comber LK 700, Autoleveller Drawframe LDF 3

Ring Spinning System – Speedframe LF4200/ AX, Change Gearless Ringframe LRJ9/SX

Roving Transportation System (RTS)

Yarn Breakage System (YBS) & Roving Stop Motion

New Jet Spinning LJS 9

Components, Parts & PEKs

Card LC 636:Card LC636 is designed for higher productivity upto 250 kgs/hr with increased working width of 1500 mm to achieve better carding sliver. Card LC636 has optimized cylinder diameter with highest active flat area (1.95 m2) and active cylinder area (3.95 m2) compared to all cards in the market. Replaceable shoe type plastic end connector for flats enhances user friendliness. Brass clips are used for flats to maintain uniform setting between flats and cylinder throughout the width of the machine.

“LMW’s Launches Innovations with Automation and Energy Efficient Spinning Solutions at India ITME 2016”


20 February 2017

Drawframes LDB 3 & LDF 3:

LMW proudly launched its New Breaker Drawframe LDB 3 and Autoleveller Drawframe LDF 3 with de-livery speed of 1100 mpm (mech) and with the out-standing features.

LDB 3 and LDF 3 comes with change gearless drive concept which eliminates main draft change pul-leys and facilitates main draft adjustment through display. Inverter controlled main motor facilitates

delivery speed changes through display which in turn results in stepless increase in speed. Newly developed Top roller end bush with sealed bearings and life time greasing ensures user friendliness. Self cleaning top roller strippers automatically lifts periodically to remove the fluffs accumulated which in turn increases cleaning efficiency and eliminates fluff accumulation on the drafting zone. Replaceable stainless steel coiler for man-made fibres reduces maintenance cost.

Autoleveller Drawframe LDF 3 is equipped with Duo digital Autolevelling system and with automatic sug-gestion of Autoleveller correction point.

Comber LK 700:Comber LK 700 with a production of upto 2.4 Tons/ day @ 700 npm is achieved by adopting new drive concept. Nipper and Circular comb driven from two ends and detaching roller driven from middle en-sures torsion free drives which results in constant quality of sliver across the machine. LMW introduc-es Auto lap piecing with the launch of its new model Comber LK 700. Auto lap piecing coupled with Lap transportation System has increased the machine efficiency significantly. User friendly Piecing index setting placed outside headstock. Inverter driven main motor facilitates speed changes through dis-play. 24” x 48” delivery cans with 2 reserve cans and 40” x 48” delivery cans with one reserve can (optional) with minimum space requirements.


February 2017 21

Auto doffer Speedframe LF4200/AX:

The Longest Speed frame in the world with 240 Spindles is incorporated with state-of-art technol-ogy that ensure high productivity and quality. Dual drive arrangement for drafting has facilitated for the longer machine for all types of processing material. With the development of constant discharge duct (CQ duct) effective suction arrangement has been ensured. The 240 spindles coupled with 1824 spin-dle ring frame will help reduce the space require-ments to a great extent. Automation like Auto doffer and Lakshmi Roving Transportation System (RTS) reduces the dependency on labour.

Change Gearless Suction Compact Ring frame LRJ9/SX:

The all new Ring frame LRJ9/S series is a change gearless machine with a host of features that pro-vides the customer comfort in terms of produc-ing fancy yarns such as Siro, Slub, Injection slub, Multicount, Multitwist & Multieffect yarn with higher productivity, quality, user and maintenance friendli-ness.

Spin Connect:

Spin connect, a web based monitoring and control application which can be downloaded from App-store and accessed across the globe on a secure connection on any device - computer, laptop, ipads and Smart phones. Large Digital Signage in the floor keeps the technical staff always updated and helps to achieve optimum plant performance. In the event of machine stoppage, Mail / SMS alerts sent to assigned users to improve machine utilization. Auto escalation alerts to higher level in case of un-resolved issues. Monitored centrally for Preventive maintenance, energy conservation and ensuring normal working.

Overall System helps Technical Team to:

Envision the problems.


22 February 2017

Localize.Swift Analysis & solution.Analyze & optimize the plant performance.Guarantee Production & Quality.

New Jet Spinning LJS 9:In ITME 2016, LMW demostrated its capability in other Spinning system by displaying air jet spinning

machine LJS9.

As a global leader, LMW constantly invests in R&D to assure highest performance of its Spinning ma-chines, both for new machines and for those already installed in the field. Envisaging the trend that Tech-nology and Automation is going to drive the spinning industry for improved productivity in future, LMW is fully committed to accomplish the customers need in this direction.

LEED in India ITME – 2016Lakshmi Energy and Environment Designs Limited (LEED) participated in India ITME – 2016 and received overwhelming response for water, waste water treatment plants and organic solid waste management systems. LEED widens its product portfolio and provide one stop solution for water & waste water treatment and solid waste management solutions. LEED unveils energy efficient ZLD plants for textile dyeing industries, which focused on lower operating cost, fully automated and higher energy efficiency. New proposed plant generates lesser sludge as compare to the existing treatment systems and complete removal of BOD, COD and TSS. Two stage of oxidation controls BOD & COD and ensures that the plant run trouble freely plus safe guards recovery plant from bio fouling and de-composition due to BOD and COD loads.

LEED also presented the water recovery system for textiles mills and advantages of using them in the humidification plant. Water recovered from the waste stream by using biological treatment and reverse osmosis plant. The recovered water is better than the borewell or available raw water in the mill with hardness of less than 5. This will reduce scale formation in the pipeline and avoid corrosion, salt formation in the machineries.

LEED expands its network especially for after sales service and customer can avail technical assistance regarding plant maintenance around the clock.

Lakshmi Caipo in India ITME - 2016Lakshmi Caipo Industries had participated in India ITME – 2016 and displayed all range of products and received good response from the customers. As a Market leader and continuous innovator in Fashion systems manufacturing, Lakshmi Caipo had displayed its all range of products of Slub, Multi count Multi Twist, Injection, Variosyros and Core Spinning System.

M/s Lakshmi Caipo Industries Limited has done a fashion revolution in India by supplying Fashion Systems to more than 9, 00. 000 Spindles within a short span of time. Its market share is continuously growing and retains its number Uno position for years.

Lakshmi Caipo bags prestigious order from Jyotirmaye TextilesM/s Jyotirmaye Textiles Limited, reputed ultra-modern Spinning Mills is pioneer in Andhra Pradesh region for their Product Range, now enters into addition by incorporating Lakshmi Caipo slub system in their existing KTTM Ring Frames to have better and wider product range to cater to Premium Segment of fashion Yarns.

M/s Jyotirmaye Textiles Limited placed order for Slub Systems M/s Caipo Industries Limited on 06th December 2016 in India ITME – 2016.


Exporting yarn to China is both a massive opportunity and a tremendous challenge. The market is huge and di-verse, the rewards can be worthwhile – but the risks are great, and increasing. The key success factors are the same as for any other market area: control of sourcing, control of quality and con-trol of costs. Above all else in China, price competitiveness is essential. One of India’s leading yarn suppliers, Kikani Exports, has 12 years’ experi-ence in exporting to China, firstly as a yarn trader sourcing from Indian mills and latterly also as a spinner in its own right. In this special article the compa-ny shares some of its insights.

Managing Director Vrajesh Kikani explains that the biggest difference be-tween China and other export markets is the volume of business available: “In China the volumes are huge. We start-ed selling there in 2004, with about 60 tons per month. That increased over time to as much as 4,000 tons per month by 2014, but in the past year the market has been more depressed, so we have recently been at a level of around 2,000 tons.”

The Uster Group is the leading high-technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production. This includes raw textile fibers, such as cotton or wool, all staple fiber and filament yarns, as well as downstream services to the final finished fabric. The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets. The Group’s aim is to forward know-how on quality, productivity and cost to the textile industry.

The Group is headquartered in Uster, Switzerland and operates through a worldwide Market Organization complemented by Technology Centers. It has sales and service subsidiaries in the major textile markets and Technology Centers in Uster (Switzerland), Knoxville (USA) and Suzhou (China).

Uster Technologies AG Exhibits its Products at India Itme 2016

Despite the volatility, China remains a crucial customer for Kikani and oth-er suppliers from India, together with Bangladesh representing about 60% of total exports in some cases. “If China stops buying Indian yarn, it is a disaster. We simply have to deal with China,” Mr. Kikani says. “The domes-tic market cannot take the big volume of Indian spinning mills, and the textile industry and especially cotton spinning

is an important industry which employs a lot of people.”

Quality strategy and in-house spinning

Kikani’s experience in yarn trad-ing has given the company a valuable overview of the requirements spinners must fulfill to survive in the ultra-com-petitive Chinese market. Quality man-agement is right at the top of the list,

February 2017 23


and Kikani has put in place a carefully-planned strategy to ensure consistent control of every aspect. It begins with sourcing – the right yarns at the right price from reliable spinners. “Latest technology and process control is also necessary,” Mr. Kikani says.

The company has a fully-equipped testing laboratory, with latest USTER technology for fiber and yarn quality assurance. “We rely on USTER guide-lines, ensuring our quality consistency within defect tolerances below 5%. Staff training for quality management is also a priority, and we implement both routine quality checks and random au-dits.”

It was this quality-minded approach that led Kikani to invest in its own spin-ning mill operation, to extend the op-tions beyond its yarn trading business. The new mill, in the Ahmedabad District of Gujarat, started up in 2015, expand-ing to 29,376 spindles and 4,320 TFO drums by the end of the year. Attractive incentives from the regional govern-ment helped the investment decision, but the desire to control quality to its own standards was also important: “As a trader, we were not always able to convince the quality conscious-cus-tomer. This prompted us to look into backward integration, focusing only on value-added yarn for niche markets,” Mr. Kikani says.

The company’s in-house yarn pro-duction is combined with yarns from known and trusted spinners in India. Kikani uses experience gained over several years to identify appropriate sources for each specific count range and quality level. A special advantage for knitting yarn is Kikani’s focus on a Gujarat cotton type known as Shankar 6, which is said to have the lowest con-tamination rate of the entire Indian crop – although still high compared with cot-tons from the USA or Australia.

Indian cotton: tackling the contamination issue

Competing in China is a double-edged problem, facing both local yarn producers and other exporters. Kikani has a major advantage here, with its access to Indian cotton growers and its detailed knowledge of the characteris-tics of the raw cottons available. Con-tamination by foreign matter is a seri-ous issue, and although it is generally ‘expected’ by spinners and their cus-tomers, there is a constant and grow-ing need to monitor and control it.

Kikani achieves this in its own spinning mill by a combination of the latest USTER®JOSSI MAGIC EYE detection in the blow room and USTER®QUANTUM 3 (PP option) clearers on its winders. But contamina-tion remains an inherent problem with Indian cotton, because of the typical farming practices in the cotton fields.

Says Mr. Kikani: “We always inform our customers about contamination levels in our yarns, which are con-trolled as well as possible. Quality is one of our main advantages over local Chinese yarn producers, along with our business principles and reputation in contract fulfillment. In fact, we find that quality requirements from most world markets are increasing, so there is very little difference in that respect between China and other markets.”

Overall, Kikani has a customer base approaching 100, about 50% of which is based on long-term stable relation-ships. “We are strong in customer rela-tions,” Mr Kikani says, “but that’s not generally how things are done in Chi-na, where business tends to be very much along opportunistic lines.”

Trading houses mean volume business

Kikani sells to major trading hous-es in China, as well as to individual

weaving and knitting companies and yarn dyers. The yarn range includes both carded and combed variants, across as count range of Ne 16 to Ne 40 ring spun, including compact, and Ne 6 to Ne 24 in OE-spun. Most yarns are 100% virgin cotton or blends with waste cottons.

Although the Chinese export busi-ness is large and extremely important to Kikani, it is not usually as lucrative as sales to the domestic Indian market, where prices are generally higher. How-ever, the China trade offers greater vol-umes, and is mainly financed through letters of credit (LCs), which provides for quicker payments compared to lo-cally-negotiated deals with Indian cus-tomers. Selling direct to mills in China can also attract better prices, but many Chinese weavers and knitters are un-able or unwilling to work through LCs, preferring to pay in currency or to hand the purchasing over to traders.

For the future, Mr. Kikani is expecting the current tough market environment to become even tougher: “Our volumes into China will come down for sure, be-cause of increasing competition from Vietnam and other countries, as they have preferential duty structures,” he says. “Hence, unless Indian suppliers are extremely competitive, yarn sales to China will be an even greater chal-lenge in the days to come.”

Media contact:Edith AepliSenior Manager Marketing & Communication

Uster Technologies AGSonnenbergstrasse 10CH - 8610 Uster / Switzerland

Direct +41 43 366 38 80Mobile +41 79 916 02 91Fax +41 43 366 39 58E-mail [email protected]

24 February 2017


The Council successfully organized 2nd edition of its flagship export pro-motional programme –“INTEXPO” in Yangon, Myanmar from 11 to 12 De-cember, 2016. The event was orga-nized jointly with Embassy of India, Yangon and support from Indo Myan-mar Chamber of Commerce and Indus-tries. It was held at Park Royal Hotel which is centrally located at the heart of the Yangon City.

Objectives“INTEXPO” in Myanmar aimed pri-

marily at the growing potential of the Myanmar market for Manmade fibre and blended textile products especially with the background of GSP plus status offered to Myanmar by European Union (EU) whereby all the textile products from Myanmar enjoy duty free entry into the EU countries. This effort is also in line with the “Act East” Policy of the Government of India. Through this event, it was also intended to show-case the wide range of latest Indian textile products of international quality which the Myanmar textile buyers may source at competitive rates.

Participants and ProductsEighteen member companies of

the Council participated and displayed their varieties of Man-made Fibre and blended textile products which they have sampled specially for Myanmar. The products displayed by the partici-pating companies during the two-day event were mostly fabrics like 100% polyester, 100% cotton, polyester-viscose, suitings, shirtings, gray fab-rics, embroidered fabrics, ladies dress materials, which are of high demand

The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) Successfully Organized 2nd Edition of “INTEXPO” Myanmar in Yangon

in Myanmar. Selected varieties of yarns were also displayed during the event.

Pre-Event Press MeetA pre-event Press Meet was orga-

nized from 2 pm to 4.30 pm on 9th December at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). Mr Ashok Mu-rarka, Vice President, Indo Myanmar Chamber of Commerce & Industry, Ms Shweta Singh, First Secretary (Eco & Com), Embassy of India, Mr V. Anil Ku-mar, Executive Director, SRTEPC and other leading Myanmar textile industry people were also present during the Press meet. A power point presentation was made by Mr V. Anil Kumar giving details about the Indian participating companies with their product profiles and about the importance of the Pro-gramme. The dynamics and strength of Indian Manmade fibre and blended textiles industry were also presented before the Myanmar media during the Press Meet. It was attended by 35 journalists both from Print Media and local TV channels.

InaugurationThe Exhibition was inaugurated

jointly by H.E. Mr Vikram Misri, Am-bassador, Embassy of India, Yangon, Mr Narain Aggarwal, Vice Chairman, SRTEPC, Mr Ashok Murarka Vice Presi-dent Indo Myanmar Chamber of Com-merce and Mr V. Anil Kumar, Executive Director, SRTEPC.

The inaugural ceremony was also attended by Media people, leading lo-cal dignitaries, buyers and representa-tives of the Indian participating com-panies.

Interaction of Indian Ambassador

H.E. Mr Vikram Misri, Ambassador of India to the Republic of the Union of Myanmar visited Indian stalls after the inaugural ceremony was over and in-teracted with the company representa-tives. The Ambassador appreciated the efforts of the Council in exploring the markets like Myanmar which is emerg-ing as an epicenter for textile activities in the ASEAN region. He also informed that Myanmar is appropriate basically in view of the country coming up as the prime hub for garmenting in South East Asian region. He also informed that Myanmar can export its garments to European Union at zero duty under its Generalised System Preferences (GSP) Scheme and hence the market has substantial potential for exports of Indian Man-made textiles particu-larly fabrics which may be converted in Myanmar and re-exported to EU coun-tries. The Ambassador has insisted that such export promotional efforts in Myanmar may be continued to increase India’s market share in the market. He has emphasized that the Indian com-panies should give importance in main-taining Quality and standards and also giving priority for skill development for the Myanmar workers.

Interactive Meeting Between Mr Narain Aggarwal, Vice Chairman, SRTEPC and Mgma Members

On the first day of the event, a B2B meeting was organized in which representatives of selected participat-ing companies participated. From the

February 2017 25


Myanmar side the dignitaries present were Dr. Aung Win, Vice Chairman, Myanmar Garment Manufacturers As-sociation (MGMA), Mr Naing Min Kyu, Deputy General Manager, Heavy Indus-tries, Ministry of Industry, The Repub-lic of the Union of Myanmar, Mr Aung Win, Vice Chairman, Myanmar Chinese Chamber of Commerce, Mr Ashok Mu-rarka Vice President Indo Myanmar Chamber of Commerce other dignitar-ies. During the meeting it was informed that Myanmar is presently in the CMP (cutting, making and packing) format. Presently, it is sourcing its required tex-tile intermediaries from countries like – China, Korea, Thailand, etc. However, if India can tie up with the Garment manufacturing companies in Myanmar then both countries can be mutually benefitted.

Business VisitorsThe event received an encourag-

ing response from the Myanmar textile buyers, importers, agents, wholesalers and fashion designers. On the 1st day around 150 trade visitors visited the stalls, saw the displayed samples and discussed business possibilities with se-nior representatives of the Indian par-ticipating companies. On the 2nd day, about 100 business visitors visited the Exhibition and enabled the participants to establish contacts with them and receive trade enquiries. Since, most of the participating companies were new to the Myanmar market; the event also gave opportunity to the participants to understand the market, their require-ments, business practices, etc. Partici-pating companies could also meet and build cordial business relationship with the Indian origin businessmen from Myanmar, importers, and agents who are presently importing from countries like China, Korea, Thailand, Indonesia, Singapore, etc. It is understood that

most of the participating companies have been successful in materializing spot orders and received trade enqui-ries for their products. As per the up-front feedback received from the participating companies about US$ 1.5 million business has been on the spot and total estimated amount of business under negoti-ation is reported to be around US$ 3 million.

Follow up ActionsThe Council has association with

the Myanmar Garment Manufacturers Association (MGMA) which is the main textile body in Myanmar. The office bearers of MGMA also visited the Pro-gramme. MGMA proposes that there should be exchange of textile delega-tions between India and Myanmar. In this connection, the Council proposed that it may invite leading Myanmar textile companies to India for having Buyers Sellers meet in future. MGMA agreed it in principle. During the dis-cussions with our Ambassador, Embas-sy of India. Mr Vikram Misri informed that Myanmar Government is trying to revive its textile industry and hence there are opportunities for investment in the Myanmar textile industry. He in-formed that Indian textile companies may explore the possibilities for in-vesting textile sector in Myanmar and assured that all the necessary advice, help and coordination in this matter.

Textile and Apparel Industry in Myanmar

With the change in the political sce-nario, Myanmar is trying to establish itself as a leading manufacturing hub. Textile industry is one of the major mainstays in the Myanmar economy. The ongoing quest for low cost produc-tion has drawn manufacturers’ atten-tion to the clothing industry in Myan-

mar. The country has a long history of making yarn, fabric and garment. Cur-rently, there are around 400 garment factories in Myanmar, employing about 50,000 people. Most of these factories are privately held.

Market PotentialIndia has been a major trading

partner of Myanmar. Since the signing of India and Myanmar trade agreement in 1970, bilateral trade has been grow-ing steadily.

Since opening up of Myanmar econ-omy new players have started to enter the country aggressively both for trade and investment. There is a huge poten-tial for bilateral trade, investment and economic cooperation with Myanmar.

India is the 5th largest trade part-ner of Myanmar (3rd largest export destination for Myanmar and 7th larg-est source of imports into Myanmar).

Myanmar imported US$ 1.8 billion of textile products in 2015 in which im-ports from China was 57% (US$ 1.02 billion) whereas from India imports were only 5% (US$ 83 million).

India’s Export of MMF Textiles to Myanmar

Total import of Manmade fibre and blended textiles by Myanmar in 2016 was around US$ 600 million. However, from India it imported only US$ 6 mil-lion of these textiles in 2015 account-ing for only 1% share of its total im-ports, which clearly shows that India has huge scope to grow and increase its market share in this emerging tex-tile hub. Product share in the export basket of Indian MMF textiles to Myan-mar was given below. Main countries Myanmar imported MMF textiles from were China, Republic of Korea, Thai-land, Japan, Taipei, Indonesia, etc.

26 February 2017


Product In USD MnFabrics 5.24Fibre NegligibleYarn 0.63Made-ups 0.11Total 5.98

Source: Compiled from UN Comtrade data

ExportsInformation based on an analysis

of garment exports & production, Myanmar exported over US$ 3 billion of garment during 2015 and it is in-creasingly rapidly.

Scope for IndiaThe flourishing garmenting sector

in Myanmar promises good scope for exporting Manmade fibre and blend-ed textile products mainly yarns and fabrics from its neighbouring mar-kets since its domestic production of these textile products are insufficient to meet growing demand. India be-ing the largest Manmade fibre pro-ducing and exporting neighbour of Myanmar, it offers opportunities for India to tap this market and increase exports to Myanmar. Moreover, the long span friendly political relation-ship that both countries share will be an additional advantage for India to do business with Myanmar.

Trade AgreementsRegarding preferential trade

agreements with European nations, Myanmar benefits from GSP prefer-ences in the EU market. Although the United States has not yet chosen to re-instate GSP preferences for Myan-mar products, Myanmar is afforded

MFN status, resulting in lower tariffs than nations which do not have such status.

As a member of the ASEAN trade bloc, Myanmar will also be part of the ASEAN free trade area from 2015. This will necessitate Myanmar’s inclu-sion in several multi-lateral free trade pacts, such as the ASEAN-China Free Trade Area, the ASEAN-Korea Free Trade Area, the ASEAN-Australia-New Zealand Free Trade Area, the ASEAN-India Free Trade Area, and the ASE-AN-Japan Comprehensive Economic Partnership.

Discussions are in the final stage for the Regional Comprehensive Eco-nomic Partnership. This intends to be an ASEAN – 6 free trade arrange-ments between the ASEAN 10 nations with China, India, Japan, South Ko-rea, Australia and New Zealand. This RCEP is going to be the largest trade block in the world. Hence, Myanmar is the most important market for ex-ports of Indian textile products to the entire RECP block.

Moreover, the Council has recently proposed that both Myanmar and In-dia can have a CEPA which will be in addition and above of the India-ASEAN FTA and proposed RCEP.

ConclusionMyanmar is a promising market

for Indian Manmade fibre and blend-ed textile products. Myanmar is im-portant in India’s foreign policy for at least three, if not more, important reasons. First and the most important is the strategic importance of Myan-mar as a bridge between India and Southeast Asia. Myanmar is the only country in Southeast Asia that has

land and maritime borders with In-dia, an important route for trade and commerce, particularly with India’s Northeast states. Moreover, the latest thrust in India’s “Act East Policy” is to link India’s Northeast with Southeast Asia to restore old historical relations between the two regions, and also build land connectivity between India and Thailand, Laos, Cambodia and Vietnam through Myanmar for pro-motion of trade and commerce.

It is in this context the 2nd Edition of our flagship export promotional programme has provided an excel-lent opportunity for the participating Indian companies to understand the requirements of the Myanmar market and also its way of doing business. It also helped in projecting India be-fore the Myanmar buyers as a ma-jor textile producing country and a reliable supplier of Manmade fibre and blended textile products. The event is also expected to give fur-ther boosts to the existing exports of Indian Manmade fibre textiles to Myanmar. It may be noted that the maiden edition of INTEXPO Myanmar has helped in increasing exports of Indian Manmade and blended tex-tiles from US$ 1 million in 2014 to around US$ 6 million today (a 500% growth). This 2nd edition of INTEX-PO in Myanmar is likely to double our exports to US$ 12 million in coming 2 years period. However, as suggested by our Ambassador and other Tex-tile industry leaders from Myanmar, the efforts to penetrate this market more should be on and regular. In this respect, the Council proposes to organize follow-up event in 2017 and requests all of its members to take maximum benefit of the same.

February 2017 27


StockHolding “Mission to be a world class ‘Technology Driven’ and ‘Client Focused’ market leader in financial and technical services”

IntroductionStock Holding Corporation of India Ltd. (StockHolding)

was incorporated as a Public Limited Company in 1986. StockHolding is promoted by leading Financial Institutions and Insurance Majors such as Industrial Finance Corporation of India (IFCI), Specified Undertaking of Unit Trust of India (SU-UTI), Life Insurance Corporation of India (LIC), General Insurance Corporation (GIC), New India Assurance (NIA), National Insurance Company Limited (NICL), The Oriental Insurance Company Ltd (TOICL) and United India Insurance Company (UIC), all leaders in their respective fields of business. StockHolding is a Government Company, being a subsidiary of IFCI. StockHolding has Pan India network of close to 200 branches spread across more than 150 cities/towns.

Retail Segment

Products and ServicesStockHolding is your one-stop destination catering all your financial needs. Depository services, sub-broking services, distribution of wide range of financial products and auxiliary services are offered to clients in the retail segment.

1. Depository & Sub-Broking Services

Since 1998, StockHolding has been extending Depository related services to the Retail and Corporate customers on both NSDL and CDSL. StockHolding is also empanelled as a Comtrack Participant with National Commodity and Derivatives Exchange (NCDEX) to hold commodities in dematerialised form. StockHolding offers sub-broking services in Cash and Derivatives segments through its subsidiary - SHCIL Services Ltd. (SSL). It is known for providing speedy, safe, reliable and affordable broking services to Retail, HNI and Corporate clients. Online broking and broking through mobile phones is also available.

28 February 2017


2. DerivativesStockHolding is a Professional Clearing Member and Custodian in the Derivative segment. StockHolding

has sophisticated in-house Back Office systems and procedures to cater to the needs of various entities in this segment in terms of clearing, settlement, collateral & risk management.

3. Distribution of Investment Products, Loans and NPSStockHolding distributes Mutual Funds,

Fixed Deposits and NCDs, tax free bonds of PSUs, Capital Gain Bonds, Inflation Indexed Bonds, Government of India Bonds & Initial Public Offers.

Loans: StockHolding has tied up with leading banks and NBFCs to Personal

Loans, Home Loans, Auto Loans, Business Loans and Education Loans, Loan against property and Loan against shares.

NPS (National Pension Scheme)NPS is a superior retirement planning and tax saving scheme from GOI regulated by PFRDA StockHolding provides full spectrum of NPS services to all citizens as PFRDA authorised Point Of

Presence (POP) Corporate employees can save tax over and above Section 80 C by joining NPS-Corporate Model

4. Distribution of BullionStockHolding offers gold and silver coins and gold

sovereigns of multiple denominations in tie-up with MMTC-PAMP India Pvt. Ltd., India’s first and only internationally (London Bullion Market Association – LBMA) accredited Good Delivery Refinery for Gold and Silver.Silver coins of 999 purity available in various

denominations.Gold Sovereign Coins of 91.67 purity certified by the British Royal Mint UK available.Individually certified for purity, packaged to international standards and serial numbered.

5. GoldRushGoldrush is a Gold accumulation plan which enables customers to buy and accumulate pure gold in a fair and transparent manner for a value of as low as ` 1000.

Flexibility of fixed/ periodic payments

Safe and secure storage with Insurance

February 2017 29


6. Government of India BondsRBI has designated StockHolding as one of the Agency Banks for Investors to open Bond Ledger

Accounts and hold GOI Bonds in dematerialized form. These Bonds are absolutely safe and an attractive investment option in volatile market situation.

StockHolding also offers the Government of India Sovereign Gold Bonds.

7. e-StampingThe Corporation has been authorised by the Ministry of Finance, Government of India to act as a Central

Record-keeping Agency (CRA) to design and implement an electronic method of stamp duty collection. e-Stamping is a web-based solution for payment and collection of non-judicial stamp duty.

StockHolding has implemented e-Court fee collection system and e-Registration fee collection system for collection of Judicial Stamp Duty and Registration Fees respectively. StockHolding has implemented e-Stamping system in 17 States and Union Territories.

Institutional Segment1. Custodial Services

StockHolding is a trusted custodian for Institutional clients across the financial services industry. StockHolding, as the largest Custodian in India accounts for maximum market share. StockHolding is a technologically driven entity with the deepest pool of local market expertise. StockHolding provides custodial services for all types of financial instruments like Equity, Debt, CP, CD, Pass Through Certificates, Government Securities etc. The Custodial services include Clearing and settlement, Collateral management, Electronic and physical safe keeping, Corporate actions, Valuation of Securities and Fund Accounting, Securities Lending and Borrowing.

Stock Holding holds a ‘No Action Letter’ under SEC. 17 f(5) of US SEC Regulations enabling it to offer custody services to US based funds. To Foreign Portfolio Investors (FPI), StockHolding provides custodian services comprised of most diverse, innovative and flexible solutions, in the FPI time zone and at a competitive pricing.

30 February 2017


2. CSGLA Constituent Subsidiary General Ledger (CSGL) is an account maintained by StockHolding with RBI on

behalf of its constituents wherein government securities are held in a book entry form. StockHolding offers CSGL services to Corporates, Co-operative Banks, Provident Funds, Superannuation Funds, Gratuity Funds, Non-Banking Finance Companies etc. Our services comprise of purchase and sale of government securities, custody, participation in bidding, value free transfers, benefits and redemptions collection, providing various reports periodically, such as forecast of benefits and redemptions, actual receipts etc.

3. Pension Fund AdministrationStockHolding offers Pension Fund

Administration Services to Pension Fund Trusts managing a “Defined Benefit” or a “Defined Contribution” pension scheme. StockHolding offers an array of related services that include design, development and maintenance of a

customized Pension Fund Software, Pension Fund Operations and Accounting, Custodial, Depository and Constituent SGL services for investments made by the Pension Fund Trust.

Subsidiaries

SHCIL Services LimitedSHCIL Services Ltd. (SSL) is a wholly owned subsidiary of Stockholding Corporation of India Limited and it is a SEBI registered corporate stock broker and a broking arm of StockHolding.

Product and Services offered by SSL.

Broking Activities

- Retail and Institutional.

- Internet Trading.

- Competitive Pricing.

Sub Syndicate Member for IPO Bidding.

Sub Broking

One can join SSL as Subbroker / Remisier /Authorised Person on attractive terms and conditions.

Document Management Services (DMS) StockHolding through its wholly owned subsidiary DMS provides Secure Storage Solutions and

Digitisation services for Physical Documents. Document Management Services provided from 21 branch locations across India.

February 2017 31


Workflow Management Solution, Document Digitization Services, Physical Record Management Solutions, Hosted services and also secure Document destruction services.

Information Technology Enabled Services (IteS).Automatic Robotic Document Handling and Storage Vaults at Mahape measures

more than 1 Lakh square feet.The company has managed scores of highly challenging projects for blue chip companies in Private as well as Public Sector.

Information Technology StockHolding works in a highly computerized environment. StockHolding has in house capability to address all Information Technology (IT) requirements in terms of software development and maintenance, back office processing, database administration and networking requirements. IT being the key to success of our operations, StockHolding has made significant investments in State of the Art technologies to facilitate the business and to minimize the risk from automated operations. StockHolding has a Tier III+ Data Center with contemporary and latest technology. This “Center and its Operations” is ISO/IEC 27001:2005 certified.

StockHolding Learning & Development Centre StockHolding has set up a State-of-the-Art Training cum Education Centre at Mahape, Navi Mumbai, called StockHolding Learning and Development Centre (SLDC). It offers the best infrastructural facilities to provide training and education in the right ambience. SLDC has 24 well equipped residential rooms, 4 training halls with state of art facilities, 5 syndicate rooms for group discussions. Besides, it has an excellent Auditorium, Library, Wi-Fi and recreation facilities.It also has a banquet / multi-purpose hall suitable for holding seminars, conferences, investor meets etc. The banquet / multi-purpose hall can accommodate around 200 participants in theater style or 100

participants in cluster style. A separate pantry is also available. A gymnasium is also set up for usage by training participants.

StockHolding - A cut above the rest!AccoladesIndustry Brand Leadership Award by India’s Leading

FM Network at “Stars of the Industry Awards - 2016”.

NSDL Top Performer Award for Highest Asset value under Custody- 2013, 2014, 2015.

NSDL Top Performer Award for Active Demat account-2014, 2015.

StockHolding Data Centre & its operations certified to ISO/IEC 27001:2005 by TUV Nord Germany.

Citation and Medal from Smithsonian Institute, Washington D.C, U.S.A. for “Visionary and Innovative use of Technology in Finance, Banking and Insurance Industry”. First South Asian Corporate to receive this.

Computer Society of India Award for best IT usage in the Country.

32 February 2017