The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand as China is drifting away from textile manufacturing activities. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players like Marks & Spencer, Guess and Next into the Indian market.
It is a double whammy for the textile industryas the prices of cotton have firmed up on the one hand and the cost of dyes…+ More
Lower production of soybean could force India to raise imports of edible oils such as palm oil and soyoil, while a drop in cotton production…+ More
India trade officials plan meeting their US counterparts next week in New Delhi to negotiate access to American medical devices, people with knowledge of the…+ More
The policy, which is likely to be unveiled soon, will bring in newer sectors into the economy to create jobs and develop infrastructure such as…+ More