India’s merchandise exports fell for the sixth consecutive month in January while the trade deficit rose to a seven-month high amid rising fears that the novel coronavirus contagion may further dent India’s trade and economy.
India International Knit Fair, to be held in Tiruppur from February 17 to 19, will have more than 50 buyers and over 100 buying agents visiting the event.
While the manufacturing units in Coimbatore have welcomed higher allocation for the industries in the State budget on Friday, the micro industries have expressed disappointment over lack of announcements on industrial estates for the sector.
Mega parks will help country scale, spurring cost effectiveness: Textiles Secretary
Finance Minister Nirmala Sitharaman on Friday said that she is open to more tweaking inside and outside the Budget for economic growth based on the feedback given by economists and experts.
Ravi Capoor, Secretary (Textiles), has urged the industry to diversify to polyester textile products to boost exports.