MARKET & ECONOMY​

Narendra Modi, Prime Minister of India speaking to a large audience on January 3 at the 106th annual session of the Indian Science Congress in Jalandhar, India emphasised the importance of translational research that would serve the society and grow the economy of nations.

The Vice President of India, M Venkaiah Naidu conferred awards on 17 persons for their outstanding contribution in different fields of textiles sector in New Delhi recently.

Turkey is already doing about $300 million in business with the United States related to home textiles, but Pinar Tasdelen Engin, chairperson of the Uludag Textile Exporters’ Association (UTIB), would like to see that figure rise.

Due to uncertainties in the world economy and trading market, the International Cotton Advisory Committee (ICAC) Secretariat has revised its global consumption forecast for 2018/19 downward to 27.5 million tonnes.

India is expected to become the world’s fastest growing e-commerce market, driven by robust investment in the sector and a rapid increase in the number of internet users.

The Clothing Manufacturers Association of India (CMA) has thanked the Government, especially PMO, Commerce and Textiles Ministry for implementing this much-awaited Policy, which will bring level players for all domestic retailers.

Reviving textile manufacturing in the United States is getting a fresh look. A year-end discussion with Professor Eric Hequet, an internationally renowned cotton fibre quality expert at Lubbock-based Texas Tech University, threw light on why there needs to be a revival in the textile manufacturing sector