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FIEO to set up technical textile cluster in TN

The Federation of Indian Export Organisation (FIEO) is planning to set up a technical textile cluster in Tamil Nadu for start-ups. The cluster will have all common facilities including R&D, A Sakthivel, regional chairman, FIEO (Southern Region) said. The organization is in talks with various agencies in this regard. Although, at present very few are into export of technical textiles, but there is immense potential for which the exporters need…
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Apparel and Textile News

Decline In Textile Exports A Major Concern

The decline in exports of textiles, leather and engineering goods is major concern as these are high-employment intensive sectors of exports, S C Ralhan, president, Federation of Indian Export Organisations (FIEO), said while reacting to the trade data of July 2016. In July 2016, India's exports were valued at billion US dollar (Rs crore) which was per cent lower in dollar terms ( per cent lower in rupee terms) than…
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Apparel and Textile News

Slowdown in GDP Growth Triggers Concern

India's economy grew 7 per cent in the first quarter of the current financial year, well below expectations and slower than the preceding three-month period, denting the Modi government's optimism about a strong recovery and adding to pressure on the central bank to cut rates. The core sector index which measures the output of eight infrastructure industries rose just per cent in July, pointing to the challenge facing the government…
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Apparel and Textile News

Indian And Pakistani Designers To Participate In Joint Exhibition

Designers from India and Pakistan will showcase their creativities in fashion, textile, jewellery, accessories etc. at a joint three-day exhibition, 'Shaan-e-Pakistan' to be held in New Delhi on September 10 where over 150 exhibitors from both the countries will participate. The event will help improve the relation between both countries as food and fashion are two major aspects to get the countries together. There are a lot of similarities between…
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Apparel and Textile News

3500 Exhibitors To Participate In The IFF In Poland

Over 3500 exhibitors from across the world will assemble at the International Fashion Fair' (IFF) to be held at PTAK Fashion City in Poland from August 28. The PTAK Expo will organise the three-day event, largest fashion fair in Europe which takes place twice a year- the spring/ summer & fall/ winter edition. Over 10,0000 domestic and international buyers, PTAK Trade Center's regular visitors, mainly from Russia, Ukraine, Belarus, Czech…
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Apparel and Textile News

Subsidy Benefits For Textile Sector

Worried over continuous decline in exports, the commerce ministry is considering interest subsidy benefits for textile sector including garments. The interest subvention scheme of three per cent ended on March 31, last year. Under the interest subvention scheme exporters get loans at affordable rates. Federation of Indian Export Organisations (FIEO) is demanding to extend the interest subvention scheme with retrospective effect from April 2014. As textile sector accounts for about…
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