February   26 February 2010   CITI Welcomes Retention of Optional Excise Duty   CITI, New Delhi   Confederation of Indian Textile Industry (CITI), the apex chamber of the textiles and clothing industry has welcomed the retention of optional route for the entire textile value chain in the Budget. Reacting to the budget proposals, Shri Shishir Jaipuria, Chairman CITI stated “the continuation of the exemption route will provide the industry with an opportunity to consolidate the gains of recovery, which the industry has started seeing in the last couple of months” and added “the current juncture is critical, since the recovery in the major overseas markets is fragile and the domestic market is the savior for our industry”. He thanked Thiru. Dayanidhi Maran, the Minister of Textiles for his effective intervention on this matter.   Click here to view     November   20 November 2009   Calibrate Cotton Exports to Meet Domestic Demand –Textile Mills   CITI   New Delhi, Friday, 20th November 2009. Textile mills have urged the government to calibrate cotton exports on the basis of exportable surplus and said that it is not demanding any blanket ban on cotton exports. While briefing the press yesterday evening, Mr. Shishir Jaipuria, Chairman, Confederation of Indian Textile Industry (CITI) clarified that calibrated export of cotton from the country is in no way going to affect the remunerative prices being given to the farmers since the demand for cotton in the coming months and years would be much more than what it is now. “ Insistence on shipping only exportable surplus should not be viewed as a regulation but a well accepted principle followed by several countries including the most developed ones,” he said, adding that such a move will be for the general good of the economy and the common man since it would make available clothing at affordable prices besides creating employment.   Click here to view     3 November 2009   CITI demands Suspension of Cotton Exports   CITI   New Delhi, November 3, 2009 - The textile industry has expressed serious concerns on the steep hike in cotton prices in the country. In a statement here, Shri Shishir Jaipuria, Chairman of the Confederation of Indian Textile Industry, stated that in spite of a significant increase in arrival cotton in the market during the last couple of weeks, cotton prices for standard varieties like Shankar 6 has already crossed Rs.25000 a candy on spot basis and the trend of price increase still continues.   Click here to view     2 November 2009   Union Finance Minister inaugurates SRTEPC Buyer Seller Meet in Riyadh   SRTEPC   Shri Pranab Mukherjee, Union Finance Minister and Mr. Abdullah Ibn Ahmed Zainal Ali Raza, the Saudi Minister of Commerce & Industry jointly inaugurated the exclusive Buyer Seller Meet being organized by The Synthetic & Rayon Textiles Export Promotion Council ( SRTEPC) in Riyadh , Saudi Arabia on October , 31, 2009. Mr. M.O.H.Farook , Ambassador of India was also present on the occasion .   Click here to view     October   14 October 2009   Industry takes Cotton Grievances to the Textile Minister   CITI   In his presentation to the Minister, Shri Shishir Jaipuria, Chairman, CITI requested that export incentives for raw cotton should not be reintroduced since the country will have very limited exportable surpluses in cotton year 2009-10. He pointed out that there has been damage to cotton because of the recent floods which would bring down production, whereas industry is picking up and cotton consumption would go up. Since shortage of cotton is expected in the global markets, international prices are likely to go up and this will drive export growth from India in raw cotton. On top of all this, if incentives are also given on raw cotton export, domestic textile and clothing industry which employs millions of workers would become totally uncompetitive and this would affect industrial production, export earnings and employment generation. He also pointed out that if all cotton produced in the country is processed into textile products, this would encourage value added exports and create more jobs.   Click here to view     September   18 September 2009   CITI ELECTS NEW OFFICE-BEARERS   CITI   September 19, 2009, New Delhi – The Committee of the Confederation of Indian Textile Industry (CITI) at its meeting held on September 18, 2009 unanimously elected Shri Shishir Jaipuria as Chairman, Shri S.V. Arumugam as Deputy Chairman and Shri Prem Malik as Vice Chairman of CITI for the year 2009-10.   Click here to view     August   27 August 2009   Foreign Trade Policy Disappoints Textile Industry   CITI   New Delhi, 27th August, 2009 – The Foreign Trade Policy for 2009-2014 announced by the Minister for Commerce and Industry on August 27, 2009 is highly disappointing for the textile and clothing industry. In a statement issued here, Shri R. K. Dalmia, Chairman, Confederation of Indian Textile Industry has stated that during the run up to the announcement of the Policy, there have been several statements to the effect that the labour intensive sectors such as textile and clothing will be the focus of the policy.   Click here to view     July   6 July 2009   CITI Welcomes Increase in TUFS Allocation   CITI   Reacting to the Central Budget presented in Parliament by Finance Minister, Shri Pranab Mukherjee on 6th July 2009, Shri R.K. Dalmia, Chairman, CITI has welcomed the substantial increase in allocation for Technology Upgradation Fund Scheme. The allocation has been increased from Rs.1090 crore last year to Rs.3140 crore this year. Because of inadequate budget allocation, there has been a backlog of more than one year in disbursements of TUFS assistance. Shri Dalmia stated that increase in budget provision would be able to remedy this situation substantially.   Click here to view     June   12 June 2009   Incentives for Tapping Newer Markets in T&C Sector on the Anvil Industry   CITI   New Delhi Friday 12th June 2009 Mr. Dayanidhi Maran, Union Minister of Textiles, said that the Government would extend a helping hand to the industry to seek opportunities in the new markets to reduce their dependence on traditional markets like the US and Europe. That will also help the industry to withstand the competition from neighboring countries and overcome protectionist measures being adopted by developed countries. The Minister was addressing the textile industrialists in the country today in New Delhi at meeting was organized jointly by CITI, TEXPROCIL, AEPC and SRTEPC*. ...Download the Report...   Click here to view     February   12 February 2009   Declines in Textile Manufacturing Accelerate, Pull Down by Cotton   CITI , New Delhi   Weak performance by Indian yarn mills in the latest month threatens to weigh on cotton mill demand in 2008/09, pointing to the largest annual decline in cotton usage in the country in six years. The Indices of Industrial Production with base 1993-94 for the Cotton textiles; Wool, Silk and man-made fibre textiles; Jute and other vegetable fibre Textiles (except cotton) and Textile Products (including Wearing Apparel) sectors for the month of December 2008 stand at 159.1, 283.9, 43.2 and 312.5 respectively, with the corresponding growth rates of (-) 0.6 per cent, 2.6 per cent, (-) 66.4 per cent and 2.5 per cent as compared to December 2007. The cumulative growth during April-December, 2008-09 over the corresponding period of 2007-08 in the four sectors have been (-) 1.5 per cent, (-) 2.0 per cent, (-) 11.3 per cent and 4.7 per cent respectively, which are translated into zero percent, if we aggregate accordingly to their weights to see the growth in overall textile sector production .   Click here to view

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