In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
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In my business life, I have not seen a worse situation than this, where such a big disparity is there between spot cotton prices and yarn prices. This disparity for such an extended period of time shows there is a deep rooted problem and it?s not a temporary feature. The current isolated spurt in Indian cotton prices has aggravated the situation to an extent that many can hear the death knell. The more disturbing fact is that no domestic yarn buyer is hassled or is rushing to buy yarn-they know cotton prices have moved 50 per cent and yarn just 20 per cent-still no anxiety! International buyers have diverted their orders as cotton in India has increased much much more in comparison to international cotton prices.
Paving way for the introduction of fixed-term employment in the textile and apparels sector, the Labour Ministry has notified changes in the rules of the Industrial Dispute Act, 1947.
With the referendum to quit European Union, the impact on India’s textiles export to Great Britain will be minimal although it is a major market for apparels made in India. However, there could be initial turmoil due to structural changes and fresh negotiations being finalised. In perspective, EU imported textiles worth $235 billion in 2015 from the world. Of this, UK accounted for 15 per cent or $35 billion. Thus, the country is one of the largest markets for textiles including fibres, yarns, fabrics, apparels and other textile products. However, it is not a major supplier of this industry and thus will have negligible impact on sourcing.
The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth.
To spur this economic growth, The Ffuture Events-a leading Event & PR Management & Advertising House of Kolkata-in association with Freeman Apparel & Lifestyle plans to organise ‘Fashion Mega Trade Fair 2016’, which is a three-day event to be held from December 9 to 11, 2016 at Milan Mela Ground in Kolkata, India.
The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth. To spur this economic growth, The Ffuture Events a leading Event & PR Management & Advertising House of Kolkata, in association with Freeman Apparel & Lifestyle plans to organise “Fashion Mega Trade Fair 2016â€Â, which is a 3-day event to be held from December 9 to 11, 2016 at Milan Mela Ground, in Kolkata, India. The theme of the event will be innovation, design and sustainability.
Tamilnadu Water Investment Company Limited (TWIC) is a pioneering developer of water/waste water projects in India. Promoted by Infrastructure Leasing and Financial Services Limited (54 per cent) and Government of Tamil Nadu (46 per cent). Over the last few years, TWIC has been in the forefront of a number of initiatives both in the urban water space as well management of industrial effluent.