India is one of the fastest growing and promising economies today on the world map. With huge raw material availability and with stable Government, rapid industrial growth is forecasted in near future. Today, textile sector is one of the largest contributors to India´s exports with approximately 11 per cent of total exports.
Browsing: FDI
The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than $11.2 billion, the Foreign Investment Agency (FIA) said. This is a significant surge of 105 per cent against the same period last year. Of the total, $7.5 billion came from 1,145 newly licensed projects, representing an yearly increase of 95 per cent in capital and 56 per cent in the number of projects.
A couple of doctors I met recently confessed that even the medical fraternity, except for a few sophisticated and high-tech hospitals, disregard hygiene norms and one doctor uses the same surgical gown used by another, throwing to the winds all the norms for infection control.
In January 2015, China´s export of textiles and garment dropped 10.71 per cent year-on-year to US$ 25.54 billion. The export of textiles dropped 7.7 per cent to near US$ 9.72 billion, and the export of garment dropped 12.5 per cent to about US$ 15.83 billion.
Taking forward its commitment to the Indian market, IKEA, the global home furnishings leader, has announced a new initiative – ´Make More in India´, which is aimed at potential suppliers and toexpandIKEAG´s supplier base as well as the categories of home furnishing products sourced in India.
The art of textile making began to develop in the Stone Age. The first textile fabric was probably a nonwoven crude felt, made by compressing loose clumps of fleece from wild sheep. The second stage was invention of yarn which was extracted from various barks of various plants in accordance to their availability.
The Department of Industrial policy and promotion (DIPP) is considering a move to scrap the 30 per cent domestic sourcing clause, which could result in higher foreign direct investment (FDI) inflows