MARKET & ECONOMY​

By the time the 12th edition of the fabrics and accessories show, F&A Show 2015 and the 4th edition of home textiles fair- Hometex closed its doors on 14th March, more than 3,500 unique visitors had streamed through the KTPO gates in Bangalore, the venue of the twin shows, up 11 per cent from the 2014 editions.

By the time the 12th edition of the fabrics and accessories show, F&A Show 2015 and the 4th edition of home textiles fair- Hometex closed its doors on 14th March, more than 3,500 unique visitors had streamed through the KTPO gates in Bangalore, the venue of the twin shows, up 11 per cent from the 2014 editions.

The Ministry of Textiles (MoT) had launched a scheme for Integrated Textile Parks (SITP) in 2005 to provide the industry with state-of-the-art world-class infrastructure facilities for setting up of the textile units.

SPACES Home & Beyond — the retail Home Textile fashion brand by Welspun Group, has launched its latest Spring-Summer 2015 collection. Inspired by today’s fast paced culture, the new range emphasizes greatly on technological breakthroughs and hi-performance features.

Union Minister of State for Textiles Santosh Gangwar said the national textile policy will be finalized soon and it is likely to be ready by the month of April. Speaking to Indian Textile Journal, Gangwar said, ?The national textile policy will be finalised soon. May be at the end of April.?

Registration is now open for the International Cotton Association?s (ICA) next major trade event – ?San Francisco 2015?. Taking place on October 30-31 and with over 700 delegates expected, San Francisco 2015 will be one of the highlights of the cotton calendar.

Honorable Prime Minister of India Narendra Modi and Chancellor of Germany Angela Merkel visited Siemens AG and ABB booth at Hannover Messe 2015, the world?s biggest industrial fair. PM Modi has been actively furthered India as a manufacturing destination at Hannover Messe, promising an environment that is transparent, predictable, and stable.

The Indian Textile Accessories & Machinery Manufacturer´s Association (ITAMMA) organised a seminar on ´Union Budget 2015 ´ Proposals related to direct & Indirect Taxes´ on March 4, 2015 at MC Ghia Hall, Mumbai. S Senthilkumar, President, ITAMMA, gave a welcome speech.

The new government is on the right path with ´Make in India´, but I just hope that the idea is carried forward with concrete steps in the upcoming budget. The budget should boost the domestic SME´s and encourage their growth.