The budget by new government definitely seems to be a step in the right direction. Allocation of Rs 10,000 crore for promoting entrepreneurship is a surprise but a welcoming initiative.

The overall sentiment in the industry post the budget is very positive; it is a very business-friendly budget. We would like to congratulate the Finance Minster on putting together the vision of the new government on the critical sectors of the economy.

Currently India faces a 9-10% duty disadvantage in Europe as compared Pakistan and Bangladesh. Also, transaction costs in India are high.

Reduction in excise duty on man-made staple fibres of Chapter 55 and filament yarns of Chapter 54.
Interest rates to be capped at 7% for exporters. Expansion of interest subvention scheme to the entire MMF textiles sector. Best FTA treatment to SEZ units. Special Additional Duty (SAD) on MMF. 4% SAD on all man-made fibres should be abolished.

Chinas change in cotton policy kicked up dust in India and elsewhere, and though no sea change in global cotton scenario is expected, it triggered off a ripple effect in cotton circles

Katja Mattl will assume the position as Director of Communication at the German Engineering Federation (VDMA) on 1 May 2014. Mattl is joining the VDMA from Continental AG where she had directed international communication for the Powertrain Division since 2007.

Wheelabrator organised a symposium on ´Advancements in Shot Blast and Shot Peening Solutions´, in Indore on 7 June 2014 for process industries focusing on construction, foundries, automotive etc.

Global fabric output was up in Q4/2013 as a consequence of higher production in Europe and Asia and despite lower output in South America. Year-on-year world fabric production rose due to increases in Asia

The greatest benefit of computerised maintenance management control system (CMMCS) is the elimination of paperwork and manual tracking activities, thus enabling the building staff to become more productive, feels Maged Kamal.