| India : Govt, business push back at US trade barriers (October 07, 10)|
The Union commerce ministry plans to present Prime Minister Manmohan Singh with a list of issues in trading with the US, which the PM will take up with President Barack Obama during his November visit to India. At a recent trade review meeting of the World Trade Organisation (WTO) held in Geneva, the Indian side presented a list of eight concerns to US trade ambassador Michael Punke, ranging from the hike in fees of H1B and L1 visas to the proposed legislation on foreign manufacturers’ liability. Last month, industry association Ficci too had raised similar concerns with the US trade ambassador, signalling the convergence of business and government concerns over what are perceived as protectionist policies in the world’s largest economy.
| India : Cotton export should be permitted only from Jan 2011 onwards (October 06, 10)|
A joint committee meeting of the major Associations TEA, SIHMA, KNITcMA, DAT, TIF, Computer Embroidery Association (CEA), SIIMKA, The Knit Compactors Association and Tirupur Raising Association was held in TEA office yesterday to discuss current scenario in cotton and yarn prices and take further course of action to protect whole garment sector. They have jointly made a representation to Hon’ble Union Minister of Textiles, Thiru.Dayanidhi Maran requesting to take necessary steps to implement the given measures to control the cotton and yarn prices.
| India : Organic cotton loses premium on demand-supply mismatch (October 06, 10)|
A drop in demand for organic cotton in the West amidst an increase in output has forced large retailers to cut consumption. With the eco- friendly natural fibre unable to make a qualitative difference, apparel makers are reverting to conventional varieties.
| India : Govt approves more textile parks under SITP (October 06, 10)|
To create more jobs and attract investment, the government today approved setting up of additional textile parks in the country under the Scheme for Integrated Textiles Parks (SITP).
| India : Rush of registrations for cotton exports as textiles seek more time (October 06, 10)|
Even as the Indian textile industry is seeking for postponement of cotton exports till January 1, 2011, export registrations have begun full swing.
| India : Surging rupee increases exporters' worry (October 06, 10)|
No consensus on what, when and how much to do.