India expects to produce 35.1 million bales (170 kg) this season beginning in October. India’s official body, Cotton Advisory Board met in Mumbai and decided on this year’s first estimate of cotton production.
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Bigger, Better, Bolder: India-ITME Society, organisers of the ITMEs, by their own words, has struck the keynote for the 10th India-ITME 2016 edition, which is poised to scale a new peak of achievement by the sheer number of exhibitors, visitors and the space. The biggest achievements are the new exhibitors and the number of roadshows India-ITME Society has done to promote ‘Make in India’ – a dream project of the Modi-led Government. There were a total of 23 roadshows, including in some important Asian countries like Vietnam, Indonesia and Thailand.
India-ITME 2016, the most prestigious textile technology and engineering business event, will be held from December 3-8, 2016 at Bombay Convention & Exhibition Center, Mumbai. The event plays a pivotal role in strengthening the domestic as well as international textile industry by facilitating exchange of knowledge, technology transfer, and encourages FDI, JVs, etc. Conceptualised in 1979, India ITME event has become a backbone of textile and textile engineering industry in India.
Dr Anita Desai reviews the cluster concept, from its inception to the main contemporary regional science with focus on the tangible elements of sari weaving clusters irrespective of the popularity. The Indian textile industry is as old as the word textile itself. It works on an independent basis starting from the procurement of raw material to the final production of actual textiles.
The politics of Goods and Services Tax (GST) Bill may take some more time to sort out, but its basic impact on various industries can be analysed beforehand. GST and its impact on the textile sector was the hot topic of discussion at the recently-concluded 58th Annual General Meeting of Confederation of Indian Textile Industry (CITI), held at Hotel ITC Maratha, Mumbai on September 28, 2016. Speaking on GST were: Sachin Menon and Santosh Dalvi from KPMG, and Sanjeev Saraf and Dilip Dixit from BSR & Associates.
NITRA’s 13th Convocation Ceremony was held on September 23, 16 at NITRA, Ghaziabad. Sanjay Jain, newly elected Chairman NITRA and MD, TT Ltd, RK Jain, Immediate Past Chairman NITRA and CMD, Pasupati Spinning & Weaving Mills, RL Nolkha, CMD, Nitin Spinners Ltd and Past Chairman NITRA along with other eminent industrialists were also present on the occasion in addition to Director General NITRA Dr Arindam Basu, Officiating Director NITRA Abhijit Pal and other faculty members.
Development of trade and investment cooperation between India and the Eurasian Economic Union (EAEU) is a key factor in their bilateral cooperation, said Alexander Tsybulski, Russian Deputy Minister of Economic Development. “In particular, we have prepared the first consolidated edition of the draft report by the joint research group on the conclusion of a free trade agreement (FTA) between the Eurasian Economic Union (EAEU) and its member states and the Republic of India.