Issue dated - 26th February. 2004
Cover Story Quote of the Week

State announces huge incentives for powerlooms; processing sector next in line
The Maharashtra government has finally come out with its modernisation and restructuring scheme for the powerloom sector, which offers a large number of incentives to the powerloom units in the state.


'We cannot talk of energy security and not discuss the power sector...'

- Anil Ambani, vice chairman and managing director, Reliance Industries, on the group’s plans to make new investments in the power sector.


News at a Glance
<News & Views> <Edit>

Importers ask FM to reduce specific import duty in line with ad valorem rate
Customs department urges exporters to be tolerant

DEPB issue
Edit Article
Strategic imperatives for Indian corporates
Tex Talk
DEPB rate cut upsets exporters

<Performance fabrics> <Corporate Update >
A breakthrough in the fight against heat and body stress
AquaTex is the manufacturer of Hydroweave ‘performance enhancing’ fabrics.

Textile stocks make recovery despite low volumes
Raymond new exclusive retail channel for menswear soon
Grasim temporarily stops work at VSF and pulp plants
Eastern Silk sets up Rs 60-crore facility in Anekal

<Events> <OPED>

Garment Technology Expo - 2004 International at NSIC Exhibition Centre, creates history
Dow Fibers to present revolutionary fabrics at Intertextile Beijing 2004
BULLETIN BOARD

More mill workers being thrown out of jobs
Newly launched site promotes increased consumer demand programs for cotton
Five SEZs nearing completion

<Foreign Trade> <Fabrics & Garments>

Poland asks Indian industry to avail its lower custom duty
Poland has asked the Indian industry to take full advantage of the country’s accession to the European Union on May 1, using it as a gateway to mainland Europe and lower customs duty.

SASMIRA to focus on education and vocational training
Pochampally saris take wings!
RPG to invest Rs 400 cr to set up Giant Hypermarkets
Gulf garment makers rushing to Hyderabad

<45th Joint Technological conference> <Last Word>
Genesis and growth of the Bombay Textile Research Association
The Indian textile industry was booming in the 1940’s and it was the right time to visualise its long term needs for sustained development.

Valji group introduces new range of school uniform fabrics
The Mumbai-based Ranjit Silk Mills of Valji group, a market leader in school uniform fabrics in the decentralised sector has launched the widest range of school uniform fabrics for the coming academic year, under the brand name ‘Darshan’s Valji’.

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Edit
DEPB issue
The recent reduction in DEPB rate is going to further squeeze the margins of exporters who are already hard pressed to compete the global trade challenge.


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