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16 June 2011 |
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CITI News Clippings, June 6, 2011 |
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CITI, New Delhi |
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Recent News Clippings related to Textiles & Clothing Industry are attached for your ready reference and information. |
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Click here to view
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| December |
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29 December 2010 |
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It’s party time for fashion brands this winter |
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(Source: The Economic Times, Sreeradha D Basu, Writankar Mukherjee & Pramugdha Mamgain, Kolkata/New Delhi) |
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Eighteen-year-old Kanika Kapur's year-end party picks include a Mango bag and shoes from Charles & Keith. Now she is planning to hit the malls, friends in tow, for a dress for the big night. ....read more
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29 December 2010 |
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Welspun Syntex gets greenhouse certification |
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(Source: The Hindu Business Line, Ahmedabad) |
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Welspun Syntex Ltd has become the first textile company in India to adopt new standards in carbon foot-printing partnering with Gensol Consultants Pvt Ltd, a leading energy solutions provider.....read more
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28 December 2010 |
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MMF textiles exports hit by rise in raw materials |
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(Source: The Economic Times, Mumbai) |
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"The prices of raw materials like fibre and yarn have gone up by around 40 per cent, which has affected the exports in the first two quarters of this fiscal," The Synthetic and Rayon Textiles Export Promotion Council Chairman Vinod K Ladia told reporters here.....read more
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16 December 2010 |
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India under fire over restriction on cotton exports |
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(Source: The Financial Express, Sheila Mathrani) |
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India is being accused of violating its WTO obligations by putting quantitative restriction on cotton exports. Textile groups from over 14 countries (including the 27 member EU) have protested against quantitative restriction on cotton export from India which is affecting the global prices. The US textile industry has written to its decision makers to take action against India. Since April 2010, when India banned cotton export, the prices have skyrocketed. ....read more
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16 December 2010 |
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CITI plans to set up SPV for training workforce |
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(Source: The Financial Express, Neha Pal) |
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The Confederation of Indian Textile Industry (CITI) has said it is planning to set up a special purpose vehicle (SPV) with the support of National Skill Development Corporation (NSDC) for training of manpower of skilled and semi-skilled work force as well as those at supervisory and managerial levels. ....read more
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16 December 2010 |
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Garment companies pass on cost increase |
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(Source: Business Standard, Dilip Kumar Jha, Mumbai) |
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Due to rising raw material prices, readymade garment manufacturers have raised the prices of various textile products thrice, by Rs 20-50 each time, in the past two months.....read more |
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16 December 2010 |
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Textile companies gung ho on Indo-Japan FTA |
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(Source: The Economic Times, Pradeep Pandey, Mumbai) |
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Top Japanese industrialists are slated to meet Indian companies such as Future Group, Raymond, Alok Industries, Arvind Mills, Mafatlal and S Kumars. ....read more
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15 December 2010 |
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Federation recommends Textile Commissioner to revive TUFS |
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(Source: fibre2fashion.com) |
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The Federation of Indian Art Silk Weaving Industry (FIASWI) in its recent recommendations put forth before the Textile Commissioner has insisted that the textile sector including technical textiles should be excluded from the Generalised Sales Tax (GST), and that the Technology Upgradation Fund Scheme (TUFS) should be revived.....read more
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15 December 2010 |
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Rising cotton prices may impact Indian textiles: Fitch |
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(Source: myiris.com) |
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Fitch Ratings said that the continued sharp rise in cotton prices globally is likely to hurt operating margins of Indian textile manufacturers, as prices percolate down the value chain, and are ultimately reflected in high prices of textile and clothing products. ....read more
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