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Does
India gain from the enlarged EU market? - II
Since quota has been completely phased out now, the effect
of the open market on these groups of countries needs to be
studied, say P Nayak & N Mahesh
Ongoing
global fight between cotton and manmade fibres
Even as the global demand for cotton continues to grow, that
for manmade fibres (MMFs) is moving up at a much faster pace.
If one goes by the forecast made by Mr Peter Driscoll, managing
director, PCI Fibres, the consumer demand for MMF in the next
five years will be double that for cotton.
Vaghela
keeps the textile interest alive
Within fortnight of the global textile industry moving on
to a different era of trading in a quota-less regime, the
Union textile minister, Mr Shankarsinh Vaghela, visited the
hardcore textile belts in Tamil Nadu — Coimbatore, Tirupur
and Erode, and gave the industrialists the much-needed boost
to retain their confidence to survive in the open competitive
global arena.
Has
modernisation progressed in weaving?
New
Projects
Hanil
Era Textiles plans Rs 50 crore investments
The Rs 120-crore Hanil Era Textiles is embarking upon a modernisation-cum-diversification
programme at a total project cost of Rs 50 crore. The company
which so far has got only spinning facility with 80,000 spindles
for worsted and cotton/blended yarn, is now also putting up
weaving capacity with 72 looms at its existing site in Patalganga,
Maharashtra.
Pantaloon
sews up 68% in Indus League
Clothing major Pantaloon Industries has picked up the entire
68% stake of ICICI Venture Fund in the Bangalore-based branded
attire maker Indus League Clothing for a consideration of
Rs 24.09 crore.
Schoeller
Switzerland wins Guides’ Choice Award
Following an in-depth field testing program, Schoeller Switzerland
is the recipient of the 2004 “American Alpine Institute
Guides’ Choice Award” for schoeller-dryskin-extreme
fabric used in Mammut’s mountaineering Champ Pants and
New Age Jacket, also featuring the multi-purpose 3XDRY finish.
Domestic
cotton prices maintain position on global support
Though the recent northward movement in global cotton prices
is yet to directly impact the domestic prices, it has certainly
offered the much-needed sentimental support. Reports Arbind
Gupta.
Raw
silk futures take off at NCDEX
Recently launched future contracts in raw silk and cocoons
are expected to revolutionalise the domestic silk trade.
Sri
Lanka's clothing gets EU duty-free access
Apparel from a series of Asian countries could be offered
a reduction in EU and US tariffs after the tsunami devastated
parts of Sri Lanka, Indonesia, India, Thailand and Maldives
Islands at the end of last month.
West
Bengal to soon have a 'Jute Park'
The Union textiles ministry and the state government are planning
to set up a 'jute park' in West Bengal, with a special economic
zone (SEZ) status. The proposed jute park will be set up on
the lines of the existing industrial parks.
Indian
SMEs see better business prospects in 2005: UPS survey
The world's largest package delivery company USP recently
announced the findings of its first annual Asia Business Monitor
(ABM) survey, a study of competitiveness issues faced by Asia's
small and medium sized enterprises (SMEs).
In
Brief
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