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"Foreign trade between India & Turkey is $6.5 bn"
Turkish Exporters Assembly TIM as the roof organisation of the exporting firms around 71,000 was established in 1993. TIM determines the issues related to the export, conduct improvement studies, and to insure the transfer of the problems of the exporters to the highest competent authorities
20th Shenzhen exhibition to be held in Nov 28-30
The 20th Shenzhen International Exhibition—which will be held from November 28-30, 2018 at Shenzhen Convention& Exhibition Center, China—will focus on the efficient trade platform of Chinese market with one feast and six themes.
Maha Policy, maha hopes!
Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the new Maharashtra Textile Policy, which takes forward the ‘Make in Maharashtra’ concept to strengthen the cotton industry.
Customs duty on silk fabrics doubled to 20%
Finance Minister Arun Jaitley proposed doubling of customs duty on silk fabrics to 20 per cent to provide adequate protection to domestic industry. According to the Budget 2018-19, customs duty on silk fabrics has been raised from 10 per cent to 20 per cent. Silk exporters, however, said the move would hit shipments of silk garments from India.
Centre to focus on silk sector in NE
Union minister of State for Textiles Ajay Tamta said the ministry has accorded high priority to develop the silk sector as a viable option for livelihood in the northeast. The region makes up about 21 per cent of the country’s total silk production.
BT Gandhi reelected FIASWI Chairman
At the FIASWI’s Annual General Meeting held held in Surat recently, Bharat T Gandhi was re-elected Chairman of FIASWI for 2017-18.
Uzbek textile exports touch $1 bn
Uzbekistan produces around 1.4 million tonnes of cotton fibre annually, of which about 60 per cent is consumed domestically.
Bihar to get Rs 60 cr silk farming centre
The government of Bihar has sanctioned a grant of Rs 60 crore for the set up of an advanced centre on sericulture in the state. The centre will come up at Abdul Kalam Agriculture College in the Kishanganj district. The establishment of the proposed silk farming centre will help in the development and growth of the silk industry in the state.
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