Mumbai: On the background of the declaration made by the Indian Government in the last month regarding the new policy for the textile industry, ICRA Ltd. has estimated that textile exports would increase by 6% in the financial year 2016-17 reaching US $40 billion. The increasing demand for the cloth and the price hike of the thread will lead to increase in exports, estimates the credit rating agency. Even after the financial volatility at the global level there will be a rise in exports of the country, expects ICRA. The decreasing cost of cotton and fibre has lead to decrease in the growth of textile sector. It is estimated that there will be a decrease in the exports of raw cotton in the year 2016-17. However, there is an expected rise in the textile exports at the same time. In order to face the increasing competition in the textile exports, the co-operation extended by the government would lead in the increase of textile exports, said Anil Gupta, Vice Chairman of the corporate sector rating, ICRA. He further said that along with the textile exports there would be an increase in the export of the cloth used for household decorations. He expects that the price hike of fibre in the current year as compared to that of the previous year will prove beneficial to this sector. In the current financial year, there has been a fall in the textile exports by 6% in the first two months bringing the exports at $5.7 billion. But, the scenario would change in the coming few months as estimated by the experts. There has not been much difference in the past three years in the overall textile exports of India. In the year 2014-15 the exports were $41.4 billion, whereas in the year 2013-14 the figure was $39.31 billion. However it is believed that the co-operation from the government will help in increase of exports.
Sochi, Dt. 2 (News Agency) – An important meeting was held between the foreign ministers of Russia and Turkey newly improvise the cooperative measures by leaving behind the previous tensions that was created on causing of fall of the Russian fighter plane in the Syrian border by Turkey last year. During that time, Mevlut Cavusoglu, […]
Brussels, 30 June 2016:- Differences between the member nations of the EU continue post the exit of a developed country like Britain from the EU. Post ‘Brexit’ a special meeting was held in Brussels for deciding the path ahead for the EU. Apart from advising Britain, there were other topics that were a cause of […]
Beijing Dated 28th June (News Agency)–Economists and research groups have purported that even though the Chinese ruling party claims the Chinese economy as being ‘stable’, but in reality the experts predict that the economy is about to face turmoil. The Brexit incident is being viewed as a backdrop that has led to record the drop […]
Berlin, Glasgow, Dated 27th June (News Agency) – Scotland’s first minister has expressed that Scotland does not agree with Britain’s decision to exit the European Union. She also threatened to impede the proceedings that lead to Britain’s exit from the EU. Basis this background, senior German leaders have claimed that Scotland could be a probable member of […]
New Delhi, Dt: 24(PTI)–India is well prepared to face any after effects of ‘Brexit’ said the Indian Finance Minister Arun Jaitley. India has strong economic fundamentals and adequate foreign exchange reserves. The Government is working closely with various regulatory bodies to mitigate the effects of volatility caused by ‘Brexit’. Mr. Arun Jaitley asserted that the […]
New Delhi (PTI): The central government is planning vital steps to consolidate public sector banks in order to strengthen them. On account of this 27 public sector banks would be merged and reduced to form 4 to 5 strong banks. It is been said that in the current financial year to start this process, five […]
Moscow, dated 18th (News Agency)– Russia’s President Vladimir Putin warned United States that even though it’s considered to be a Super Power, it should not interfere in Russia’s internal matters and try to disrupt its relations with Europe. He also criticised Unites States and (North Atlantic Treaty Organisation) NATO and cautioned that Russia does not […]
After the Afghanistan tour, Prime Minster Narendra Modi has arrived in Qatar. About seven bilateral Memoranda of Understanding(MoU) agreements were signed between two countries in this Qatar visit. There are abundant opportunities for Qatar industries to invest in India. PM, thus invited industrialist and entrepreneurs of Qatar to invest more in India. Indian PM met Qatar’s […]
In 21st century, Cyber zone has become a battle field. Considering this the demand has been made that, ‘Cyber command should get the same status as an independent ‘Military Command’. Along with government, US senators, senior officers and entrepreneurs in Cyber sector has supported these demands strongly. Currently, ‘US Cyber Command’ is working as a […]
