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Confederation of Indian Textile Industry elects new Vice Chairman

Confederation of Indian Textile Industry – CITI has elected Sanjay Jain as its new Vice Chairman during the third committee meeting of the industry body, held recently. The newly elected Vice Chairman currently holds the designation of MD in TT limited, which deals in cotton garments manufacturing. He is also the Chairman of Northern India Textile Research Association (NITRA), VP of Federation of Hosiery Manufacturers’ Associations of India (FOHMA), West Bengal Hosiery Association (WBHA) and […]

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Vibrant Gujarat Summit ’17: MoUs worth Rs. 8,835 crore inked in textile sector

MoUs worth Rs. 8,835 crore in textile sector were signed at 2017 Vibrant Gujarat Global Summit. Various segments included in MoUs are textile parks, textile processing, machinery, carpet development, etc. Indian Textiles Minister Smriti Zubin Irani also marked her presence in the ‘Make in Gujarat’ themed seminar on “Trends & Innovation impacting the Textile Value Chain”, at the Summit in Gandhinagar, Gujarat. The Minister assured full support in the development of the textile value chain […]

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Technotex 2017 to focus on technology adaptation and upgradation

Technotex 2017, the sixth International Exhibition and Conference on Technical Textiles, will take place in April 2017 at Mumbai, India. Organized by Ministry of Textiles and FICCI, the conference will focus on technology adaptation and upgradation, and also Joint Venture partnerships, project collaborations, transfer of technology, investments and R&D. Themed ‘Advantage India: Emerging Global manufacturing hub for Technical Textiles’, the main objective of the three-day conference is to make India a manufacturing hub of technical […]

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Fair Review Vastra, Jaipur: Failure, once again!

Completing 5 years of its journey, Vastra 2016, a Jaipur-based international textile and apparel sourcing fair, organized by RIICO and FICCI, once again disappointed most of its exhibitors – apparel exporters of Jaipur and some from across India. Sources shared with Apparel Online that since funds were not approved, organizers did not offer air tickets to the overseas buyers, which was one of the biggest reasons that this time less foreign buyers were seen at […]

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Vastra 2016: Apparel exporters have mixed reactions

Recently concluded 5th edition of Vastra exhibition, a Jaipur (India)-based international textile and apparel sourcing fair, organized by RIICO and FICCI, has once again disappointed most of the exhibitors – apparel exporters from Jaipur and a few from other parts of the country. One of the reasons behind that is buyers were not offered air ticket. Apparel exporters/participants are divided on the overall fair and do have different opinions… Apparel Resources interacted with many of […]

November 5, 2016

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Apparel industry in Bangalore (India) facing heat of ‘bandh’

Apparel manufacturing units in Bangalore (India) are facing the heat of strikes/bandhs with 4 bandhs (closures/strikes) in the last 45 days which have seriously impacted the business. There are more than 800 apparel manufacturing companies in Bangalore which have their units in and around the city. The bandh on 9th September was a complete shutdown to protest against the Supreme Court decision to release Cauvery water to Tamil Nadu. Public transport was paralyzed in the […]

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Bangladesh invites Indian entrepreneurs to invest

Underlining that Bangladesh has already turned as an ‘investment hub’ for foreign entrepreneurs due to its geographical location, Government support and facilities to local and foreign investors, Bangladesh Industries Minister Amir Hossain Amu recently called upon the businessmen in India to invest in Bangladesh. Also Read – Bangladesh will ensure investors’ security: Industries Minister The Minister urged the entrepreneurs to invest in the country while addressing a roundtable arranged in the ‘9th India 2016 Global […]

September 7, 2016

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Nasrul Hamid assures FICCI of security to foreign investors

Assuring the Foreign Investors’ Chamber of Commerce and Industry (FICCI) which underlined that foreign investors have been feeling insecure in Bangladesh after the recent terror attack at a Dhaka café, Bangladesh State Minister for Power, Energy and Mineral Resources Nasrul Hamid maintained that his Government has taken measures to address the situation. He also added that the Ministry had sent a proposal to the Prime Minister’s office for policy approval to create a special force […]

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FLO to host interactive session on ‘Handmade in India’

FICCI Ladies Organisation (FLO), the women wing of the Federation of Indian Chamber of Commerce & Industry (FICCI) which promotes entrepreneurship and professional excellence among women, is organising an interactive session on ‘Make in India: Handmade in India’ on July 27, 2016 at Federation House, New Delhi. In a bid to boost country’s handwoven, hand embroidered and hand crafted heritage and in line with Prime Minister Narendra Modi’s “Make in India” initiative, the event is […]

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Sanjay Jain – new President of NITMA

Sanjay K Jain, MD of TT Limited has been elected as the new President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. He is also the Deputy Chairman of NITRA, Vice President of FOHMA & WBHA and a committee member/special invitee of CITI, FICCI Textiles, SIMA, Texprocil, IAAI and AIOE. NITMA elected its new leadership team at the recently held AGM in which Rajiv Garg, MD, Garg […]

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FICCI demands 25% corporate tax

Reiterating demands for gradual decrease of corporate tax, the Foreign Investors’ Chamber of Commerce & Industry (FICCI) has called upon the Government to set a policy to have 25 per cent corporate tax in the next five years to make Bangladesh an attractive destination for overseas investors as well as to ensure more revenue generation. Also Read – FICCI for corporate tax cut to boost FDI “What can we do with the 35 per cent […]

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T&C industry overwhelmed with ‘Special Package’

Welcoming the Special Package of the Central Government for the textile and apparel sector of the country, the industry stalwarts see it as an important, bold, and very well-timed decision… Arvind Subramaniam, Chief Economic Advisor to Government of India and Textiles Secretary Rashmi Verma, has said that the policy will be WTO-compatible since state taxes embedded in exports can be as high as 5 per cent of the total value. While Rashmi Verma is of […]

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Security & Safety issue in Bangladesh deterrent to FDI, says EU envoy

Bangladesh may have emerged as one of the preferred destinations for foreign investments, but the existing safety and security situation in the country in the recent times has raised questions on its prospects in attracting the same. Speaking at a monthly luncheon organised by the Foreign Investors’ Chamber of Commerce and Industry (FICCI) in Dhaka, Bangladesh recently, Ambassador and Head of delegation of the European Union in Bangladesh Pierre Mayaudon expressed concerns over the recent […]

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FICCI for corporate tax cut to boost FDI

Putting forth budgetary proposals at a pre-budget meeting with the National Board of Revenue (NBR) in Dhaka recently, the Foreign Investors’ Chamber of Commerce and Industry (FICCI) reportedly urged the Bangladesh Government to reduce corporate tax in the next financial year’s budget, in order to attract more foreign investments in Bangladesh. Also Read – 10% corporate tax for RMG industry in the offing, says Tofail Ahmed Led by its president Rupali Chowdhury, a FICCI delegation […]

May 2, 2016

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Textile exports from India dip due to US procurement law: FICCI

According to Federation of Indian Chambers of Commerce and Industry (FICCI), India’s textile exports have taken a hit due to the US legislation for Federal procurement that specifies sourcing of raw materials from the selected countries or domestic suppliers. The federation has submitted a representation in this regard to the Ministry of Textiles and Ministry of Commerce & Industry (India). Also Read – Drop in textiles export affects employment generation in textiles industry Textile exporters […]

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