Vol.2, Issue 41,     November, 20 2009
PRICE INDEX | CURRENCY TRACKER | STOCK PRICES | JOBS | FAIRS & EVENTS | TRADE OFFERS | FEEDBACK FORM
United States Of America : AAFA President welcomes Mr. McDermott’s bill
American Apparel & Footwear Association(AAFA) President and CEO Kevin M. Burke released the following statement after the introduction of the New Partnership for Trade Development Act of 2009(H.R. 4101) in the U.S. House of Representatives by Congressman Jim McDermott (D-WA).

“Solid
India : Role of IT in textile sector is key to success – Mr Subramanyan
The first day of the two day “Texcellence ‘09”, the conference with a focus on textile and allied sectors had an array of distinguished speakers along with a wide spectrum of interesting subjects which they broached upon. One interesting topic; “Influence of Technology and Automation in
India : Jute geotextile commands huge business potential – Mr Maran
The golden fibre, the other name for jute has been around for centuries, but with limited applications, due to little or no product development, due to which despite it being environmentally friendly, the jute sector is not witnessing a decent growth rate.

But all that is set to change
United States Of America : Duty-free access to Cambodia damages textiles, NCTO
David Hastings, chairman of Mount Vernon Mills, urged the House Ways & Means Committee’s Subcommittee on Trade to keep in mind that the United States’ manufacturing sector is hurting badly and not to take action that could potentially cause further job losses in this country.

Testifying
Sri Lanka : No steps to save GSP Plus concession; allege garment unions
A joint body of garment sector trade unions and a group of NGOs alleged the government, leaders and apparel industrialists were not taking effective measures to salvage the GSP plus status, which Sri Lanka is likely to lose.

Apparel Industry Labour Rights Movement (ALaRM) opined that the
United Kingdom : Two golfwear brands sign distribution deal
Glenmuir, one of Europe’s leading golf apparel brands,announced an historic agreement with Sunderland of Scotland to become the official European distributor for the world-class Sunderland product range of waterproofs and windproofs.

Effective from January 1st 2010, the convergence of
Germany : Otto & Grameen JV to set up ‘Factory of the Future’ in Dhaka
The Otto Goup, Hamburg, the largest mail-order group in the world, and Grameen, have formed a joint venture to set up the Grameen Otto Textile Company. It will be set up as "The Factory of the Future" in Bangladesh and is the first company worldwide in the area of social business (type II), to work
Pakistan : High cotton & yarn prices hurdles in RMG export targets
High prices of cotton and yarn in the local markets of Pakistan may not allow the local exporters to meet export orders, worth $1 billion for Christmas, from the European and American apparel markets.

Country’s apparel industry would see further decline in exports in case of not taking
India : 3 more apparel training centres to be set up in Orissa
Apparel Export Promotion Council (AEPC) will establish three more Apparel Training and Design Centres (ATDC) soon in Orissa, under the aegis of the Union Ministry of Textiles and the State Government at Baripada, Cuttack and Sambalpur.

Youth class of rural area will receive training on
India : Brands command more value than companies – Mr Mehta, CMAI
In order to gain better functionality on lines attained by SKumars Nationwide Ltd, major apparel retailers are de-linking their retail and manufacturing businesses, which also helps them realize better valuations for the brand as well as tax benefits.

Skumars was amongst the first few to
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