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India, Bangladesh to remove non-tariff barriers
India and Bangladesh are working on dismantling non-tariff and para-tariff barriers and could renew economic engagements, high commissioner of Bangladesh to India Syed Muazzem Ali recently said at a seminar in New Delhi jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Bangladesh High Commission.
Farm to Fashion expo from May 4 in Ahmedabad
In a bid to transform Gujarat from a fabric manufacturing hub to apparel manufacturing hub, textile players are organising a three-day expo ‘Farm to Fashion’ from May 4 in Ahmedabad.
Rs 2,600 cr package for leather & footwear industry unveiled
Union Minister Suresh Prabhu unveiled the Central government’s Rs 2,600 crore package for the leather and footwear industry, saying it had the potential of generating over three lakh jobs and formalising another two lakh in the next three years.
S Korea-GCCI pact on textile
The Gujarat Chamber of Commerce and Industry (GCCI) recently signed a memorandum of understanding with an official delegation from South Korea led by the country’s consul general in Mumbai Kim Soungeun for cooperation between small and medium enterprises (SMEs) in Gujarat and Korean firms, with a focus on automobile, defence, chemicals and textiles sectors.
Sweden keen on tie-up with Aditya Birla Group on smart textiles
Sven-Erik Bucht Minister for Rural Affairs from the Ministry of Enterprise and Innovation Sweden arrived in Mumbai to discuss a joint project on smart textiles involving potentially Aditya Birla Group, Swedish company Domsjö and the two governments as well as the European Union.
The minister visited the Aditya Birla Group Textile Research Application Development Centre at Kharach in Gujarat, which is India’s pioneer in viscose staple fibre (VSF), a man-made, bio-degradable fibre with characteristics akin to cotton. The prime aim of this visit is to boost development on smart textiles from using VSF, cellulosic fibre and pulp as an alternative to cotton and hence the Aditya Birla group is a natural fit with its easily blendable cellulosic fibre.
India’s textile market to touch $250 bn in 2 years
India’s textile sector accounts for 10 per cent of the country’s manufacturing production, 5 per cent of its GDP, and 13 per cent of its export earnings, said a study released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Rs 400 cr textile hub proposed in Gujarat
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) has proposed to set up a Rs 800 crore state-of-the art textile processing cluster housing about 100 dyeing and printing mills in Surat district and has approached the central government for 50 per cent funding. The total project cost for the cluster is pegged at Rs 800 crore. The SGCCI is eyeing 50 per cent grant from the Central Government and 25 per cent each from the State Government and the industry, according to a newspaper report.
ATDC honoured by ASSOCHAM
The Apparel Training & Design Centre (ATDC), one of the largest quality vocational training providers for the apparel industry in India, was awarded ‘Best Vocational Training Provider (VTP) Training 2016’ by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) at an award-cum-summit ’Skilling India’: The Way Forward” on March 15 at a function held in Shangri-La Hotel, New Delhi. The award was conferred by Rajiv Pratap Rudy, Minister, Ministry of Skill Development & Employment, Government of India.