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BREXIT Hopes Amid Gloom
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
New range of affordable bed linen from Indo Count
Indo Count Industries Limited (ICIL), one of the leading players in the home textiles industry introduced a range of high quality affordable bed linen for the Indian consumer recently at HGH India held at the Bombay Convention and Exhibition Centre. Since its inception in 1988, Indo Count specialises in providing end-to-end bedding products that solely focus on creating all-encompassing sleep experiences.
Textile package to be implemented in 3 months
The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.
LIVA: 24 partners & still more queuing up to join
Fashion is a creative self-expression that prevails in a flexible society. Right from fashionistas to local clothing arenas, all are influenced by the fashion trends, artistic creations and inspirational designs. Fashion designers are always looking at innovations in fabrics and fibres as to what new things they can create. Fashion Design Council of India (FDCI) provides the perfect platform for representing, nurturing, promoting and getting extraordinary fashion talents to the fore.
Danfoss-NPC tie-up on energy efficiency
As part of an agreement, Danfoss India and NPC will collaborate to perform energy audits, develop course curricula and jointly train professionals in the area of energy efficiency over the next 3 years.
Pak’s low cotton output
The Government of Punjab in Pakistan has formed a committee to investigate the causes of low cotton production this year.
Vietnam T&C export to US to touch $10 bn
Total exports of textiles and garments from Vietnam to the USA gained a year-on-year increase of 11.7 per cent to US$9.88 billion from January to November 2015.
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