Indian textiles sector likely to get hurt by TPP

Related Keywords: accounts industrial output, export earnings, export of readymade garments and made-ups, increase dependency on US markets, Indian textile and clothing sector, post-Brexit turmoil in Europe, provides livelihood support, the US most important export market, TPP hurt Indian trade, Transpacific Partnership Pact, Yarn forward rule

New Delhi
Indian textiles sector likely to get hurt by TPP
Summary: 
Textile and clothing sector accounts for roughly 5 percent of India’s GDP, 15 percent of its industrial output and export earnings and provides livelihood support to 55-60 million people directly or indirectly. With India not a party to the Transpacific Partnership Pact (TPP) comprising Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the US. TPP will hurt India’s trade with its most important export market — the US.

Textile and clothing sector accounts for roughly 5 percent of India’s GDP, 15 percent of its industrial output and export earnings and provides livelihood support to 55-60 million people directly or indirectly. With India not a party to the Transpacific Partnership Pact (TPP) comprising Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the US. TPP will hurt India’s trade with its most important export market — the US.

http://www.thehindubusinessline.com/opinion/tpp-threat-looms-over-indian-textiles/article8974989.ece
0

Govt needs to give greater priority to textile sector to boost exports

Related Keywords: absence of adequate policy support, adverse impact of preferential access, as cost of funds, exports against last fiscal year, including cotton yarns in the MEIS, Indian textile and clothing sector, interest equalization scheme, likely to slowdown further, marginal decline, need to address issues related to exports, sign Indo EU FTA, Texprocil

Mumbai
Govt needs to give greater priority to textile sector to boost exports
Summary: 
The country's total exports of textiles and clothing in 2015-16 stood at USD 40 billion as against USD 41.4 billion in 2014-15, a marginal decline of 3.4 per cent. In the absence of adequate policy support textile sector likely to see further slowdown in outbound shipments, according to industry body.

The country's total exports of textiles and clothing in 2015-16 stood at USD 40 billion as against USD 41.4 billion in 2014-15, a marginal decline of 3.4 per cent. In the absence of adequate policy support textile sector likely to see further slowdown in outbound shipments, according to industry body.

Textile Export Promotion Council (Texprocil) Chairman R K Dalmia said in a statement that some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competing countries need to be addressed immediately.

http://www.business-standard.com/article/pti-stories/textile-sector-seeks-govt-support-to-boost-exports-116042901364_1.html
0

Textile and clothing sector likely to see slow growth in exports this year

Related Keywords: cotton yarn sector, decline in demand from China, garment and home textile export, in exports, Indian textile and clothing sector, major market for cotton and yarn exports, need support to upgrade technology, see slow growth, to be good

Coimbatore
Textile and clothing sector likely to see slow growth in exports this year
Summary: 
The Indian textile and clothing sector likely to see slow growth in exports this year, especially sectors such as cotton yarn due to decline in demand from China, according to industry sources. Last financial year it had registered 41 billion dollars worth exports.

The Indian textile and clothing sector likely to see slow growth in exports this year, especially sectors such as cotton yarn due to decline in demand from China, according to industry sources. Last financial year it had registered 41 billion dollars worth exports.

The sources said that China was one of the major markets for cotton and yarn exports from India. Though textile mills were now exporting to countries such as Bangladesh, Vietnam and Cambodia, the demand from China was huge.

http://www.thehindu.com/news/cities/Coimbatore/growth-in-exports-of-textile-products-may-shrink/article7316559.ece
0

Ficci urges Textiles Minister for an early announcement of on new Textiles Policy

Related Keywords: FICCI, Indian textile and clothing sector, new textile policy, textile export, Textile Minister

New Delhi
Ficci urges Textiles Minister for an early announcement of on new Textiles Polic
Summary: 
Federation of Indian Chambers of Commerce (Ficci) envision textile sector to touch $145 billion of export in the next ten years with the support of the new textile policy.

Federation of Indian Chambers of Commerce (Ficci) envision textile sector to touch $145 billion of export in the next ten years with the support of the new textile policy.
 

http://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/ficci-meets-textiles-minister-santosh-gangwar-on-new-textiles-policy/articleshow/37650235.cms
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Indorama Ventures Public Co. Ltd and Loop Industries Inc. announces a joint venture to manufacture sustainable polyester resin  
  26 Sep , 2018 Read full story  
AlgiKnit wins EUR 100,000 for \'Seaweed Textile\'  
  26 Sep , 2018 Read full story  
Starlinger recycling technology joins the COIN-project TEX2MAT  
  26 Sep , 2018 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button