1(:6 stressed units in the country. The performance of the textile units in the post demonetization period has aggravated and therefore, it is essential to increase the existing NPAs period from 90 days to one year to avoid textile units becoming NPAs. 5. Considering the grave situation of the textile units, the Government may consider deferring all the tax payments for a period of six months. 6. The cotton farmers prefer cash to sell their kapas in the market as they owe debts to the private money lenders. They fear that banks might adjust their debts if
GEM Enviro Management launches ‘Rivivere’ - Recycle polyester Fiber, Spun yarn and Premium fabric by Ganesha Ecosphere • GEM is the marketing and branding Partner for Ganesha Ecosphere Ltd. • Launches the brand at the much coveted Yarn Fabric and Accessories Trade Show 2016, at the NSIC Exhibition Centre, New Delhi New Delhi, 23 November 2016:Gem Enviro Management Private Limited, formed to facilitate recycling of all kinds of packaging waste (such as PET, plastics, paper, etc) and marketing / promotion of recycled products, thus ensuring a greener and safer environment for the present and future generations, today announced the launch of its new brand –Rivivere at the Yarn Fabric and Accessories Trade Show 2016, New Delhi.Rivivere stands for ‘live again or bringing # {|
fashion and comfort�
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the sale proceeds are transacted through bank. Therefore, one year moratorium period could be given to the cotton farmers for the repayment of loans and interest with clear instructions to the banks not to adjust the sale proceeds of kapas against their dues. CCI could also procure kapas at market price to help the farmers 7. At present, the rate of interest is 12 to 13%. At this rate of interest, under the present scenario, the textile units cannot
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reduce interest rate by 3% for all the term loans and working capital loan across the
value chain. 8. Majority of the workers do not have savings bank accounts due to cumbersome procedures including submission of KYC details. This discourages the migrant workers from opening savings bank accounts. Therefore, necessary direction may be given to the banks to enable the workers to open the accounts instantly by showing any ID proof. This would enable the employer to pay the wages through bank.
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and Premium fabric by Ganesha and GEM is the marketing and branding Partner for Ganesha Ecosphere Limited. Under this partnership, GEM Enviropromotes Ganesha Ecosphere’s recycled products and help the company in its branding and marketing endeavors. Fabric made from this yarn will be utilized in the premium segment of suiting,shirting,active wear and fashion fabrics. GEM will initially display formal wear, casual wear and Active wear fabricblended with various other yarns like cotton, and lycra, starting Nov 23rd up till Nov 26th at the YFA 2016 NSIC exhibition center, atOkhla , stall no. A30.
environmental sustainability, the company will be installing 1 RVM at the trade show, which will be collecting empty water bottles at the venue. The company willcreate awareness about this initiative amongst visitors and other participants at the exhibition. Ganesha Ecosphere Ltd. Is India’s leading Recycling Company with a 25% market share, primarily engaged in the production of Recycled Polyester Staple Fiber (RPSF) from waste PET bottles. Pioneer in the process, GESL recycles more than 4.4 billion bottles annually.
Speaking at the launch, Sachin Sharma, CEO, GEM Enviro Management, commented, “We are delighted to bring forth |
along with Ganesha Ecosphere. There are no better platforms to launch our premium fashion brandRivivere, other than the Yarn Fabric and Accessories Trade Show, 2016 which is conceived to cover the entire textile value chain, and provide an unmatched opportunity to all stake holders and segment leaders, from across the globe to }
~ form will witness participation from 250+ brands from an anticipated 15+ countries with over 15000+ trade visitors to visit the four day mega event.� Upholding its reputation as a responsible corporate citizen, committed towards
About GEM Enviro Management GEM Enviro management Pvt Ltd is a Delhi-based organized packaging scrap management company that provides complete value chain solutions for packaging scrap management to its clients. It is among "
such services, which includes - collection, recycling and sale of recycled merchandise to its clients. Through its initiatives the company aims to promote sustainability, recycling, acceptance of recycled merchandise among mass and helps in conserving the environment. GEM provides wide range of services like scrap management, sales and marketing of recycled merchandise and organizing green awareness campaigns. Its sales are achieved via following activities: Sale of packaging Scrap to recyclers, and Sale of Recycled Merchandise to corporate and retail clients. These products are sold under its ‘Being Responsible’ motto.
www.textilevaluechain.com
November 2016