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India’s cotton yarn exports fall
According to data compiled by the Cotton Textiles Export Promotion Council (TEXPROCIL), Indian cotton yarn exports witnessed a fall of 9.79 per cent in the first four months of fiscal 2017-18. Exporters cite slow pick up by China and Bangladesh, the two big target markets comprising around half of the cotton yarn shipments from India, for the decline.
Texprocess Pavilion adds value to Techtextil India
India’s technical textile market is estimated to reach Rs 1,16,217 crore by 2017-18, and the important feature at this year’s Techtextil India, to be held from September 13 to 15, 2017 at the Bombay Convention.
India to accelerate $ 200 billion smart cities projects
When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.
Hong Kong: An ideal trading hub for Indian businesses
Johnny Wan, Director of Exhibitions Market Development, Hong Kong Trade Development Council (HKTDC), highlighted opportunities for Indian companies at the HKTDC’s world-class trade fairs during a press briefing in New Delhi recently. Wan underscored the robust bilateral trade relations between Hong Kong and India, adding that the Council’s trade fairs offered a good platform to boost business.
Powerlooms still a force to reckon with
Today the need of hour for powerlooms is proper marketing of products in order to gain profit and flourish business activity. Maharashtra is having the highest number of powerlooms among other states. Some of the major clusters of powerloom in the state are Bhiwandi, Ichalkaranji, Solapur, Malegaon etc.
Demonetisation hurts apparel sales
Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually. Consumers continue to face liquidity tightness, resulting in deferring of purchase.
Delhi garment fair to open on Jan 18
India International Garment Fair (IIGF), which will be held in New Delhi from January 18 to 20, 2017, is aimed at helping exporters from India showcase their latest designs and apparels for the upcoming season, and expected to attract buyers from all over the world. India’s rich heritage of fabrics mixed with its artisans offers buyers a staggering range.