Last week’s Aircraft Interiors Expo in Hamburg saw major announcements from airframers, seating manufacturers and in-flight entertainment and connectivity vendors. But amid all the bustle, cabin textile suppliers claimed a few wins of their own.
Bangladesh textile manufacturers are losing business worth more than $6 billion annually in the domestic market due to smuggling of yarn and fabrics into the country and misuse of bonded warehouse facility, industry people said.
The ₹46,000-cr. hub faces testing times with thinning margins, declining overseas demand and relatively high labour costs.
KOLKATA: Despite the recent sluggishness in demand, India remains an attractive consumption-oriented market with the growth of the middle class and rising disposable income.
Indian rupee today weakened marginally against US dollar, tracking losses in other Asian currencies as traders awaited further details on a possible US-China trade deal.
In line with market expectations, the monetary policy committee (MPC) decided to reduce the benchmark repo rate by 25 basis points last week, to 6 per cent (Chart 1).