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Mumbai   26% growth in textile exports to US Textile exports to United States and Europe have registered a growth of 26 and 20 % respectively during the current year and the sector has Rs. 18,000 crore investment through various schemes of United Progressive Alliance Government said Mr. Shankarsinh...more by Textile Intelligence Monday, 20th February 2006View more news from [ Mumbai ] [ India ] NMCC to set up technology missions for textiles, leather and food processing Mr. V Krishnamurthy Chairman, National Manufacturing Competitiveness Council (NMCC) on 14th Jan 2006 said that Prime Minister Dr. Manmohan Singh has accepted the principle suggestion of the NMCC to set up technology missions for textiles...more by Textile Intelligence Monday, 16th January 2006View more news from [ Mumbai ] [ India ] Indian Cabinet clears implementation of South Asia Free Trade Agreement The Indian Cabinet today cleared the implementation of the South Asia Free Trade Area (SAFTA) with effect from 1st January 2006. Announcing this, Shri Kamal Nath, Union Minister of Commerce & Industry, said that the coming into force of SAFTA would be a...more by Textile Intelligence Friday, 30th December 2005View more news from [ Mumbai ] [ India ] Removal of differential tax Ending their traditional rivalry, composite textile mills and independent weavers in the unorganised sector are joining hands, thanks to the removal of the tax differential between them....more by Textile Intelligence Friday, 21st October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report....more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] Runaway success of Textile IPO's The runaway success of IPOs by frontline textile firms like Provogue has seen a slew of medium and small sized textile firms rushing to the capital market to raise funds to finance their expansion-cum-modernisation designs....more by Textile Excellence Sunday, 09th October 2005View more news from [ Mumbai ] [ India ] Indo Rama`s Butibori plant resuming normalcy. The standoff following shooting incident at the Butibori plant of Indo Rama Synthetics on 24th Sept forced the company to close its operation....more by Textile Excellence Friday, 30th September 2005View more news from [ Mumbai ] [ India ] Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram. Mr Kapadia welcomed announcement of outlays of Rs.8,800 crore for National Highways, Rs.6,163 crore for enhancing the refiner...more by Textile Excellence Tuesday, 30th August 2005View more news from [ Mumbai ] [ India ] 20% Capital subsidy extended to textile accessories manufacturers The textile ministry has decided to extend the facility of 20 per cent capital subsidy provided for textile machinery...more by Textile Intelligence Wednesday, 03rd August 2005View more news from [ Mumbai ] [ India ] India: Silk Trading Goes Online India’s Minister of Textiles, Mr. Shankersinh Vaghela, launched online trading in Cocoon and Raw Silk in Mumbai today. This online trading would bring substantial benefit to the traders and manufacturers of silk and silk products as it would introduce sev...more by TextileIntelligence Friday, 21st January 2005View more news from [ Mumbai ] [ India ] Bangladesh’s consent to FDI in textiles attracts five Indian textile majors The good news of the end of textile export quotas has now become even better, thanks to Bangladesh’s new policy to allow Foreign Direct Investment (FDI) in the coutnry’s textile sector......more by Textile Excellence Monday, 03rd January 2005View more news from [ Mumbai ] [ India ] India: MoT to formulate brand-building policy on exports The Ministry of Textiles, Government of India, is expected to come out with a policy for increasing India's market share through brand building......more by Textile Excellence Saturday, 21st August 2004View more news from [ Mumbai ] [ India ] India US Free Trade Agreement a distant dream “Free Trade Agreement between India and USA is an impossibility as both India and USA don’t see eye to eye on trade issues”, said Mr Thomas G. Travis, Managing Partner M/S Sandler,...more by Vikas Srivastava Friday, 30th January 2004View more news from [ Mumbai ] [ India ] Power tariff rebate for Maharashtra's powerloom industry As a part of slew of incentives announced for the powerloom industry, the Maharashtra government has cut down power tariff for the powerloom sector to Re 1 per unit from Rs 250 per horsepower (hp)....more by Textile Excellence Thursday, 22nd January 2004View more news from [ Mumbai ] [ India ] Now cotton farm funding by NCDEX The National Commodities and Derivatives Exchange of India (NCDEX), which commenced live futures trading recently, has tied up with three banks for funding around 200 cotton farmers in Gujarat......more by Textile Excellence Saturday, 20th December 2003View more news from [ Mumbai ] [ India ] TUFS extended till 31st March 2007 The Cabinet Committee on Economic Affairs on Thursday has extended the technology upgradation fund scheme that offers soft loans for modernisation of textile units by three years to March 31, 2007....more by Vikas Srivastava Friday, 07th November 2003View more news from [ Mumbai ] [ India ] TC's workshop for enhancing global competitiveness In its effort to assist the Indian textile industry to become more competitive to sustain the post-2004 challenges, the Textiles Committee (TC) in association with the International Trade Centre (ITC) of UNCTAD/WTO initiated a three-year project in Septem...more by Textile Excellence Saturday, 20th September 2003View more news from [ Mumbai ] [ India ] Indian textiles to have 12-digit coding system In order to upgrade commercial insight that is required to counter post 2004 challenges, the Union Textile Ministry has decided to bring in a new 12-digit classification and coding system for textile and clothing products....more by Textile Excellence Monday, 08th September 2003View more news from [ Mumbai ] [ India ] Indiatex to enter the industry To assist the domestic industry in responding more effectively to the trade challenges of the quota free regime, Indiatex, a new umbrella organisation would soon enter the industry....more by Textile Excellence Sunday, 10th August 2003View more news from [ Mumbai ] [ India ] Reliance hikes polymer prices across board Reliance Industries Ltd (RIL) has hiked polymer, polyester yarn and staple Fiber prices across the board following rise in international prices of naphtha and crude oil....more by TextileIntelligence Saturday, 02nd July 2005View more news from [ Mumbai ] [ India ] India: Reliance finds an amicable solution; RIL to remain with Mukesh In sudden change of events, Kokilaben the mother of Mukesh and Anil Ambani and wife of late Shri Dhirubhai Ambani has helped the two brothers reach a compromise on sharing the stake in the Reliance Group of Industries, where RIL will remain with Mukesh an...more by Vikas Srivastava Saturday, 18th June 2005View more news from [ Mumbai ] [ India ] India: Jayalakshmi Spinning Mills secures large order from Bangladesh Sri Jayalakshmi Spinning Mills Ltd has recently bagged a large order of Rs 35 million from Bangladesh to export of 100% Cotton...more by TextileIntelligence Thursday, 09th June 2005View more news from [ Mumbai ] [ India ] India: Bombay Dyeing to set up PSF facility Bombay Dyeing is planning to set up a 165,000 tons per annum PSF plant at the existing Dimethyl Terephthalate (DMT) plant site. The PSF facility is expected to...more by TextileIntelligence Thursday, 09th June 2005View more news from [ Mumbai ] [ India ] Capitalise on opportunities before it's too late! India or China? is the topic of discussion at many of the forums lately. But it would only be wise to realise the Chinese potential and bring the relevant changes in the Indian textile Industry before we harbour feelings of toppling China or even making a...more by Vikas Srivastava Saturday, 16th April 2005View more news from [ Mumbai ] [ India ] Reliance slashes POY and PSF prices Reliance has slashes the price of PSF and POY, in line with the falling international crude oil prices over the past two weeks....more by Textile Intelligence Tuesday, 04th January 2005View more news from [ Mumbai ] [ India ] India: Assam Cotton Mills becomes subsidiary of Kesoram Industries Assam Cotton Mills becomes subsidiary of Kesoram Industries......more by Textile Excellence Wednesday, 22nd September 2004View more news from [ Mumbai ] [ India ] India: Modern Mills sets-up new company in Hong Kong India’s Modern Mills has established a wholly owned subsidiary in Hong Kong......more by Textile Excellence Wednesday, 25th August 2004View more news from [ Mumbai ] [ India ] Reliance/Trevira prior notification of a concentration to the EC EC on preliminary examination has found that the notified concentration could fall within the scope of Regulation (EC) No 139/2004, it has invited interested third parties to submit their possible observations on the proposed operation to the Commission....more by Textile Excellence Monday, 16th August 2004View more news from [ Mumbai ] [ India ] Modern Mills sets-up new company in Hong Kong Modern mills of India has established a wholly-owned subsidiary in Hong Kong to carry out trading, import and export activities in the textiles and other commodities....more by Textile Excellence Saturday, 14th August 2004View more news from [ Mumbai ] [ India ] INDIA: ING Vysya to fund the textiles sector ING Vysya Mutual Fund is offering India’s first fund, exclusively focussing on the textiles and the pharmaceutical sector. This is an effort to take advantage of the opportunities resulting from the dismantling of the quotas....more by Textile Excellence Thursday, 05th August 2004View more news from [ Mumbai ] [ India ] India: Port congestion in Mumbai brings operations to a standstill Congestion of Naha Seva, the country’s leading port outside Mumbai has led to serious losses to the exporters. The industry is estimated to lose at least Rs 800 crore a month due to delayed shipments....more by Textile Excellence Thursday, 05th August 2004View more news from [ Mumbai ] [ India ] India: Reliance hikes Petrochem prices Reliance Industries ltd.has raised the prices of petrochemicals for August between 4.5 per cent and 9.5 per cent....more by Textile Excellence Wednesday, 04th August 2004View more news from [ Mumbai ] [ India ] India: Zodiac acquires Dubai based shirt maker With a view to sharpen its competitive edge in the quota-free regime, the Mumbai-based Zodiac Clothing Company has acquired a Dubai based shirt-maker for Rs. 25 crore......more by Textiel Excellence Monday, 26th July 2004View more news from [ Mumbai ] [ India ] TC to organise training on testing textile mechanical parameters Textiles Committee (TC) is organising training programmes for the testing of mechanical parameters of textiles by adopting the latest American ASTM standard methods......more by Textile Excellence Thursday, 15th July 2004View more news from [ Mumbai ] [ India ] Reliance to acquire Trevira for €80m Reliance Industries Ltd (RIL) an Indian multi industry group is all set to acquire a German based polyester company Trevira from DB Investor, a subsidiary of Deutsche Bank, for €80 million...more by Textle Excellence Friday, 25th June 2004View more news from [ Mumbai ] [ India ] Puma to strengthen sourcing from India After Wal-Mart, JC Penney, Fishman & Tobin and M&S, it is now the turn of Puma to reveal its plans to intensify its outsourcing activities from India......more by Textile Excellence Thursday, 17th June 2004View more news from [ Mumbai ] [ India ] Govt to promote technical textiles According to a study conducted by Tata Economic Consultancy Services (TECS), the global technical textiles market is expected to grow from Rs. 19700 crore in 2003-04 to Rs. 36100 crore by 2007-08....more by Textile Excellence Thursday, 23rd October 2003View more news from [ Mumbai ] [ India ] Indian textile firms weave high-growth Despite a dominating Chinese presence, India managed to put in good export performance in the developed markets of the US and Europe. Export is expected to grow this year....more by Textile Intelligence Monday, 09th January 2006View more news from [ Mumbai ] [ India ] Initiate futuristic policies for textile sector in 2006! The industrial sector of India, as well as its textile industry is again looking up for a supportive Budget for the year 2006-07. As the pre-budget memorandum from the concerned bodies have already reached the Finance Ministry with recommendations and exp...more by Textile Intelligence Saturday, 31st December 2005View more news from [ Mumbai ] [ India ] Textile Association of India, Mumbai elects new President and Vice President The 54th Annual General Body Meeting of The Textile Association (India) was held on 30th August 2005, at Century Bhavan Auditorium...more by Textile Excellence Friday, 09th September 2005View more news from [ Mumbai ] [ India ] 'Outcome Budget' is a welcome step towards transparency: IMC Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram....more by Textile Excellence Wednesday, 17th August 2005View more news from [ Mumbai ] [ India ] India: Sarla Polyester to invest US$ 500,000 in Honduras sarla polyester Ltd has revised its investment plan in SAVITEX S.A. de C.V. in Honduras....more by Textile Intelligence Saturday, 14th May 2005View more news from [ Mumbai ] [ India ] India: SRTEPC Export Award Function - Chairman urges to resolve 80HHC issue At the export award function Mr Rakesh mehra chairman SRTEPC urged Union Minister of Textiles to resolve the serious problems the exporters face including the problem of 80HHC....more by Textile Intelligence Saturday, 05th March 2005View more news from [ Mumbai ] [ India ] India: CII urges for reduction of excise duty on PFY In a pre budget recommendation CII has asked for reduction in excise duty on polyester filament yarn to 16 per cent from the current 24 per cent....more by Textile Intelligence Monday, 17th January 2005View more news from [ Mumbai ] [ India ] Indian textile machinery sector set to witness record growth After being dormant for nearly years now, the Indian textile sector is waking up to the opportunities in the post quota regime......more by Textile Excellence Tuesday, 28th December 2004View more news from [ Mumbai ] [ India ] India: Oxemberg forays into apparel Oxemberg the flagship brand of Siyaram Silk Mills Ltd., has entered the branded jeanswear market......more by Textile Excellence Friday, 15th October 2004View more news from [ Mumbai ] [ India ]