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CITI Circulars
  Release of Study report on "Impact of Economic Slowdown on Indian T&C Industry
 
National News
  Textiles Sector eyes increase in TUFS funds
 
International News
  GOODS COUNCIL EXTENDS WAIVER FOR POOREST COUNTRIES
   
   
 
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 Bangladesh textiles unravelled by price war, protests

 Pakistan - NWFP carpet industry produces $150 million worth annually

 China`s MMF industry posts 35% fall in profits

 China`s vigorous demand pushes up caprolactam prices

       
 
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 Germany : Modatex Fashion Fair 2009

 France : Playtime 2009

 New Zealand : Womens Lifestyle Expo 2009

 Germany : ISPO Sport & Style

   
       
 
CITI`s participation in TITAS Fair, Taiwan 14-16 October 2009.   Subscribe the copy of Textile Times.   4th Atexcon to be held on 17-18 September, 2009 in Mumbai.   New CITI Directory 2009 available now
Chairman’s Message
   
The decisive victory of the UPA in the just concluded general elections has defied worries of a fractured coalition government and generated hopes for a stable administration at a time when India faces daunting challenges at home and abroad. I am confident that the new government would create the necessary economic environment to put the country back on the 9 per cent growth path. The political stability would enable the government to implement the reform agenda, create infrastructure, ensure smooth functioning of Industries and usher in a new era of accelerated development. Several key policy reforms had been deferred in the past due to lack of political consensus. The UPA administration under Dr Manmohan Singh will hopefully bring these back on the implementation mode now. I am sure that inclusive growth and the role that highly labour intensive sectors like textiles and clothing can play in achieving it would get the necessary recognition in the new administration.
 
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Secretary General's Message
   
The new government at the Centre will have to take some immediate and effective steps to revitalize the highly labour intensive textiles and clothing (T&C) industry and these have to include undoing the damage done by certain policy initiatives of the previous regime. The Annual Budget for 2009-10 and the National Foreign Trade Policy for the next five years are perhaps the most important opportunities for introducing these measures. Present indications are that the Central Budget will be presented some time in July 2009. In addition to the fiscal duties, the Budget will have to address the important issue of providing sufficient funds for TUFS, TED and other schemes in which government is committed to reimburse expenses to the industry or exporters. There is huge backlog in these payments, because of inadequate budget allocations and procedural complications.
 
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