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Indian home textile exporters to clock 20% growth: ICRA
The recent pandemic has bought many lifestyle changes that include people getting conscious about their hygiene and they prefer the stay-at-home option more; thus, leading to growth in demand for home textiles.
IEIS, MEIS changes hailed
The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the Government’s decision to amend the Incremental Exports Incentivisation Scheme (IEIS) and the Merchandise Exports from India Scheme (MEIS). The Government removed the restriction under IEIS last week. “The decision of the Government to issue duty credit scrips under the IEIS without any restriction will certainly improve the cash flow of the exporters,” Texprocil Chairman RK Dalmia said.
Changes in USTER Board
Thomas Nasiou has taken over the position as CEO of Uster Technologies as of April 1, 2016. Dr Geoffrey Scott and Philip Mosimann become Co-Chairmen of the Board of Directors. Koichi Ito joined the USTER Board of Directors succeeding Susumu Toyoda. Thomas Nasiou assumed the role of CEO. This follows a planned transition and handover of responsibilities from Dr Scott who remains as a member of the BODs.
Changes in SSM top management
The Swiss-based SSM Schärer Schweiter Mettler AG, Horgen is the one brand and trend-setter that drives the global market in winding technologies
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