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Mergers,
joint ventures, franchise arrangements: Shifting from China
to India?
The EU/USA-China spat on apparel export surge has renewed
interest of US and EU entreprenueurs in the Indian apparel
market. Both the EU and USA, alarmed at the meteoric surge
in garment exports from China to their markets have clamped
quotas on various categories of garments.
Worrisome
drop in exports of dhoties, sarees
Indians settled abroad seem to be surprisingly turning to
dhoties, sarees lungies etc imported from other countries.
Premium
place for textiles this Diwali
Diwali is round the corner and textile trade is in its busy
season. Aggressive promotion by both branded manufacturers
and retail sellers is quite visible.
Are
quality certifications, standards, necessary for the industry?
New
Projects
Gini
and Jony Apparel to enter capital market
Gini & Jony Apparel, which owns the “Gini & Jony”
kid’s lifestyle brand, is planning to hit the capital
market with an initial public offer by the end of the current
fiscal to raise Rs 75 crore for funding its expansion plans.
Himatsingka
to consider Rs 30 cr hike in share capital
Himatsingka Seide, engaged in yarn and silk blended exports,
has said it will consider the proposal of increasing the authorised
share capital to Rs 50 crore at its extraordinary general
meeting on October 5 next.
In
Brief
LYCRA
in partnerships with major brands
A man’s ’second skin’ will never be the same
again. Lycra and Emporio Armani in Italy have launched a co-branding
agreement in men’s underwear.
Ministry
of rural development sanctions ‘pilot jute geo-textile
project’
After years of gloom and uncertainty, the jute industry is
up for some sunny days.
Textiles
Committee workshop on PID-2006
Textiles Committee in association with the organisers of Preview
in Daegu (PID 2005) is planning to conduct a workshop on PID
- 2006. The workshop on PID - 2006 is being organised at the
Textiles Committee auditorium in Mumbai on October 13.
AEPC
for NTC University
The Apparel Export Promotion Council (AEPC) has recommended
the setting up of National Textile and Clothing University
in the country for motivating education and research in textiles,
said its chairman, Mr A Sakthivel during the 26th AGM of the
Council in New Delhi.
SRTEPC
concerned over DEPB scheme uncertainties
Mr R L Toshniwal, chairman of the Synthetic & Rayon Textiles
Export Promotion Council has expressed grave concern over
the uncertainty regarding the scheduled phase-out of the Duty
Entitlement Passbook (DEPB) Scheme and introduction of a new
alternate scheme.
Consolidation
will help withstand price pressure: SIMA
Consolidation of capacities in spinning, weaving, processing
and garments would help withstand pressure exerted by global
retail chains on price and profitability, said Mr Vijay Venkataswamy,
past chairman, SIMA.
US-China
textile negotiations conclude, major issues outstanding
Textile negotiations between the United States and China concluded
with significant progress in some areas but with significant
differences between the two sides remaining.
ADD
on yarns hurting powerlooms
Anti-dumping duty has been imposed on most of the raw materials
used by the synthetic and art silk weaving industry, such
as POY, VFY, NFY and PFY.
New
Appointments
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