Untitled Document
Issue dated - 26th Dec. 2002

Cover Story Quote of the Week

Industry urges govt to refer to SITRA study on cotton needs till 2005
Even as mini-missions I and II of the technology mission on cotton (TMC) have shown some progress recently, the industry is unhappy that the government has still not addressed some of the pertinent issues in cotton viz, development of better quality cotton for fine counts, reduction in the cotton varieties, better productivity, contamination, etc.

World demand for all fibres likely to see recovery during 2003-2005
Worldwide demand for all fibres, including cotton and manmade, is expected to stage a smart recovery during 2003-2005 period.

Industry has a bright future provided it modernises: Rana
The Textile Association of India (TAI) has felicitated Mr Mukesh Ambani, chairman and managing director, Reliance Industries, with honorary membership.

A lot of shoppers are having less luck finding their desired gifts than US arms inspectors in Iraq are finding dangerous weapons

- A US based research analyst comments on a survey which showed that out of stock merchandise had jumped to 28% from 17%last year.


News at a Glance

<Last Word>
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‘Luxembourg is keen on correcting trade imbalance with India’
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Differences within developing world mar cooperation in WTO

<News & Views>
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AIFCOSPIN moots comprehensive study to draft blueprint for sector
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VJTI starts B.Tech. M.Tech courses in textiles

<Dyes & Chemicals>
- Wet processing of garments made from fabrics in Lyocell
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‘Manufacturers should not compromise on quality’
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Eastman retiree receives Textile Chemists and Colorists Awards
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Mega industrial estates may help solve problems of chem industry
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Comprehensive review of Insecticides Act recommended

<Corporate Update>
- Sensex moves up amidst volatile intermediate seasons
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Indo Rama to invest Rs 500 cr for increasing polyester output
- K G Denim’s new collections unveiled in three Indian cities
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President’s group scouts for partner to expand retailing biz
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Gucci reports third-quarter net income drop, revenue increase

<Tex Trade Monitor>
- Bring down corporate tax by 5% immediately: FICCI
Apex industry association FICCI has asked the government to cut corporate tax by five per cent in the next budget (2003-04) from the prevailing level of 35 per cent as a part of efforts to enable industry to compete globally.

<Yarns & Fibres>
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Global area for GM crops grows by 8.4 million hactare in 2001:ISAAA
A new study by Dr Clive James, chairman of ISAAA (International Service for the Acquisition of Agri-biotech Applications), confirms that in 2001, global area of transgenic or GM crops was 52.6 million hectares or 130 million acres, representing an increase of 8.4 million hectares or 20 million acres over 2000.

<Edit>
- Benefits of transgenic cotton
EDIT ARTICLE
- Indian exports in 2005: One of the seven missing wonders?
Tex Talk
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CII seeks reduction in excise duty on textiles to 8%

<Trends/Events>
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Exposing the latest garment technology to India
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Plaids, cushions, trimmings: New textile furnishing complements
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BULLETIN BOARD

<Fabrics & Garments>
- Joint promotional programme expected to boost exports to Brazil, Columbia
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India’s garment exports register 7% growth in November 2002
<Texstyles @ Andhra Pradesh>
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Harnessing the potential of the textile sector in Andhra Pradesh
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Sanghis to expand textile base in south India
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DVR exports : A reputed export house prepares to face global competition
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Suryalakshmi : Spinning a golden future with world class products
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This Week
EDIT
Benefits of transgenic cotton
A recent study conducted by Dr Clive James, chairman of Philippines-based ISAAA, has confirmed that global area of transgenic crops has been on the rise, even as controversies are doing rounds in some parts of the world as regards their acceptance.
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