MARKET & ECONOMY​

The devaluation of Chinese currency yuan will have an adverse impact on India´s textiles exports and clothing, which is facing sluggish growth due to recessionary conditions in global markets. The surprise move by China to devalue its currency is a threat to the pace of India´s exports, according to analysts.

Known as the Missile Man of India, Dr APJ Abdul Kalam, the 11th President of India, played a pivotal organisational, technical, and political role in India´s Pokhran-II nuclear tests in 1998, the first since the original nuclear test by India in 1974.

Recycled polyethylene terephthalate (R-PET) prices in Asia fell to a record low and may continue trending down with importers in China opting to stay out of the market amid domestic economic weakness.

Crude oil futures fell to multi-month lows on both sides of the Atlantic in early August, while global oil demand growth is expected to increase by 90,000 bbl/day over previous estimates, the Organisation of Petroleum Exporting countries (OPEC) said recently.

Dubai, U.A.E: Getting exhibitors on board is always considered a milestone, but at the International Textile Fair, it is a milestone crossed often. ITF have landed a cluster of prominent exhibitors that force you to sit up and take notice, as much at the meritorious line-up as at the regularity of the announcements.