Rajasthan has emerged as a pre-eminent hub for the domestic textile industry with a presence across the entire value addition chain from spinning to garments.
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About 130 Italian exhibitors are on hand at ITMA ASIA + CITME 2016 (Shanghai, 21-25 October 2016), occupying an overall exhibition space of more than 5,400 sq m.
Rising cost of doing business over last several years has not only stalled fresh investment in the textile industry but also hampered the export growth and turn over.
Asian Development Bank has retained its projections for India’s economic growth at 7.4 per cent for the current financial year, 0.2 percentage points lower than what was clocked in 2015-16.
To grab the market share vacated by Chinese apparel manufacturers, India’s Clothing Manufacturers’ Association of India (CMAI) has signed a memorandum of understanding with China Chamber of Commerce for Import and Export of Textiles (CCCT) to explore potential areas of mutual co-operation for increasing apparel exports from India.
German government is providing Bangladesh with ?50 million in assistance to improve garment workers? skills, said commerce ministry sources.
The predominantly cotton based Indian textile industry has been facing acute crisis during the last eight years due to high volatility in cotton prices especially during off season starting from May to September.