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Changing
policy environment in the European Union
The European Union (EU) is an economic giant and the largest
exporter and importer of textile products in the world accounting
for around one third of the world trade and therefore a large
market for developing countries. Dr Milan Sharma explores
the changes sweeping this market
Economic
Survey goofs up cotton crop estimates
The Economic Survey for 2004-05 which was placed by the Union
finance ministry in Parliament on February 25, 2005 has goofed
up not only estimation of cotton crop for the current season,
but also production statistics for the previous earlier years.
Brand
acquisition: A new attraction
When Mr Kim Kyun, a Seoul-based businessman sought this columnist’s
help recently to source ‘Polo’ brand shirts from
India, it surprised the Korean that India did not manufacture
the brand.
Will
an apparel park benefit your export business?
New
Projects
‘Our
strategy is to intensify and go deeper into the market’
In an interview with Sapna Dogra, Mr Ajay Vats, CEO, Rieter
India reiterates his confidence that the upbeat mood of the
textile industry will usher in good times for the Indian textile
industry.
Royal
Classic ready for a Smash hit
The Rs 220 crore vertically integrated Royal Classic group,
promoters of Classic Polo, is getting ready for another big
leap in the domestic market. It is all set to zero in on the
already crowded branded innerwear segment with Smash.
Cotton
prices likely to display steady to firm trend
Domestic cotton prices witnessed a firm trend during the fortnight
as the falling arrivals on the back of active participation
by mills and funds extended the desired support. Arbind Gupta
reports
Congressman
Hayes not satisfied with customs response; cites difficulty
for CAFTA
Congressman Robin Hayes has released his correspondence with
the US Customs and Border Patrol on the lack of enforcement
of textile transshipments.
US
comm secy announces expedited monitoring of imports
US secretary of commerce Mr Carlos M Gutierrez has announced
the initiation of a new system to monitor imports of textiles
and apparel products.
3rd
KSA ITAC-2005 to focus on new business rules
ITAC 2005, from April 25-26, in Mumbai, will focus on the
new business rules and practices that textile companies will
need to follow from 2005 onwards.
CIAE
takes up issue of negative profits under section 80 HHC with
PM
Following harassment from Income Tax authorities, the Confederation
of Indian Apparel Exporters (CIAE) has again taken up the
issue of wrong interpretation of 80 HHC benefit and aggressive
attitude of the IT officials, with the prime minister.
Gulf
textile firms head for major growth
Gulf-based manufacturers of nonwoven materials such as polyester
and polypropylene can look forward to taking control of the
local market from European and US producers by the end of
2006, according to leading machinery manufacturer Neumag.
In
Brief
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