The rupee on Thursday slipped marginally to close at 71.31 against the US dollar as weak macro-economic data disappointed market participants.
Chennai: The government will be announcing plans to develop 10 mega textile parks for promoting exports in its new National Textile Policy. However, not even half of the textile parks approved in 2005 have been completed yet.
Corona Virus outbreak in China has started casting its dark shadow over sectors beyond the boundary of health domain. Low cost non branded garment trade in Bengal rural level is a major victim.
The office of the United States Trade Representative (USTR) recently removed India and several other countries from the list of beneficiaries of trade subsidy preference under the US countervailing duty (CVD) laws.
Garment products made with cotton produced from the US should be provided duty-free access to the American market, said Foreign Minister AK Abdul Momen yesterday.
The new year has brought with it a far more upbeat mood among designers, which is translating into greater interest in decorative fabrics and vivid plains, say the organisers of Textile Forum, the UK’s luxury fashion fabric show to be held from March 11-12, 2020, at One Marylebone, London, where more than 100 collections will be exhibited.