Knitcon-2015 was a day-long conference organised for the first time in the eastern region by the Federation of Hosiery Manufacturers Association of India (FOHMA) in association with West Bengal Hosiery Association (WBHA) and Bengal Hosiery Manufacturer Association (BHMA).
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The government has announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS).The fresh list issued by the DGFT included exports of cotton fabrics to Bangladesh and Sri Lanka for 2% credit benefits, but excluded value-added items like knitted fabrics under MEIS scheme.
India´s economic growth has been accelerating in recent years, although it is still below the 10 per cent rate achieved in fiscal year 2010-11. Under the newly-revised series of national accounts released in January 2015, real GDP growth was 6.9 per cent in 2013-14 and estimated to be around 7.4 per cent in 2014-15; these revised figures show a more positive trend and outlook than that based on the previous series.
Trade encouragement policies of the western countries, availability of cheap labour and low energy costs have provided Bangladesh with huge potential in the global clothing market, especially in EU and the US, feel Rakesh Kumar Goyal and Dr RP Agarwal
Gujarat is the largest producer of cotton and also the largest producer of art silk manmade textile. Cotton-based textile industry is mainly targeted at both domestic and export market whereas art silk synthetic textiles is mainly focused on the domestic market, which is growing at 15 per cent.
Does going organic make better business sense in textiles? This is one of the major questions that pop up today in every meeting bordering on sustainability in textiles. The humanity has to draw a line somewhere and say such & such textile products are harmless to the skin, environment and to life itself.
Trade encouragement policies of the western countries, availability of cheap labour and low energy costs have provided Bangladesh with huge potential in the global clothing market, especially in EU and the US, feel Rakesh Kumar Goyal and Dr RP Agarwal