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Textile bodies hail financial measures to boost economy
Indian textiles and clothing industry, the second largest employment provider (around 11 crore people) next only to agriculture was the second largest exporter in the world during 2017, now it has slipped to 5th position due to global recession especially in the aftermath of US-China trade war and the tariff concessions extended for the competing Nations like Vietnam, Bangladesh, Pakistan, etc.
Textile bodies appeal for status quo on energy policies in TN
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
A shot in the arm
With the unveiling of 207 HSN Codes for the technical textile industry in India, the Government has convincingly conveyed its seriousness to promote this industry in a big way.
CITI’s 9th ATEXCON to be held on March 14
The Confederation of Indian Textile Industry (CITI) will be organising its 9th Asian Textile Conference (ATEXCON) on March 14, 2018 at Hotel ITC Maratha, Mumbai.
Sanjay Jain bags prestigious award
Sanjay K Jain, Chairman, Confederation of Indian Textile Industry (CITI) and Managing Director of TT Ltd, has been awarded the Prestigious BW Businessworld & GOPIO Global Business Award for “Contribution to India’s International Trade by a Resident Indian”.
Not long back when the textile market shifted from Europe to Asian countries, India having a vast knowledge and experience in the textile sector was expected to flourish as the global textile leader, but due to internal factors it remained an unachieved dream, avers Avinash Mayekar.
Modi sets $650 bn textile export target
Narendra Modi, Honorable Prime Minister of India, while inaugurating India’s largest ever textile meet, Textiles India-2017 on June 30th in Gandhinagar, Gujarat, India heralded the strength and capacity of the Indian textile industry.