MARKET & ECONOMY​

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.

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.

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.?

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.

The latest ´Textile Pipeline´ from PCI Fibres offers in 11 pages a highly focused review in the form of text, charts and tables of the Indian textiles economy; an economy which has been experiencing relatively disappointing growth among its local consumers; that is, until 2014. Following a bounce-back in per capita fibre demand of nearly 10 per cent in 2009, growth then slowed year by year down to just 2 per cent in 2013, coming back strongly in 2014 by nearly 8 per cent.

Exports of knitwear from Pakistan increased by 10.19 per cent from $1.306 billion last year to $1.44 billion for the first 7 months (July-January) of the current financial year. Meanwhile, The International Labour Organisation (ILO) and Pakistan Textile Exporters Association (PTEA) have signed an agreement to promote decent work in the garment and textile industry in Faisalabad.