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States in $500-BN RAce!
Some States have upped their ante in textiles, declaring it a ´sunrise industry´ and by improving infrastructure and policies, they promise to lend a helping hand to the Indian Government´s efforts to carve out a bigger slice in global textile trade. Joseph S and Karthik M recount the story with details.
Fabrics Flood India | China´s dumping accounts for 80%
Woes for the man-made fibre (MMF) industry have been piling up, with the proverbial last straw being the dumping of cheap fabrics in the last one year amounting to $850 million by countries including three major Asian nations ´ China, Taiwan and Korea.
IAF signs MoU with HKGCOT
The International Apparel Federation (IAF) has signed an MoU with the Hong Kong General Chamber of Textiles (HKGCOT). The aim is to exchange knowledge on innovation, apparel markets and international business opportunities.
Garment industry faces payment crisis
The readymade garment industry is facing a huge payment defaults by bulk buyers with the prolonged economic slowdown affecting retail sales. The Clothing Manufacturers Association of India (CMAI) has expanded its arbitration committee to 15 members from four, so that it can provide representation to every sector of the industry.
FTAs role lauded
On 5 June 2014, more than 140 participants from the industry, , came to Brussels to join the international textile and clothing conference ´Free Trade and International Agreements´.
Clothiers hail growth-oriented Budget
On behalf of the Clothing Manufacturers Association of India, representing over 2,000 manufacturers and 15,000 retailers, I would like to congratulate the Finance Minister for his balanced, growth oriented, and manufacturing friendly budget presented.
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