Business growth at garment fair to be flat: Maran

October 1st, 2009 Clinton heads investment meeting in HaitiPORT-AU-PRINCE, Haiti — Bill Clinton headlined an investors' conference Thursday in Haiti's capital to promote economic growth and job creation in the impoverished Caribbean nation. Clinton, the United Nations special envoy to Haiti, is also planning to visit the countryside Friday as part of a two-day visit.

September 18th, 2009 NEW DELHI - Tamil Nadu Chief Minister M. Karunanidhi Friday asked Prime Minister Manmohan Singh to "exert diplomatic pressure at appropriate levels" on the Sri Lankan government to end the "untold sufferings" of the displaced Tamils living in relief camps there.

September 10th, 2009 NEW DELHI - The Sardar Vallabhbhai Patel Institute of Textile Management in Coimbatore will be upgraded and renamed Indian School of Textiles, the government announced Thursday. "The school will engage itself in research and will also undertake comprehensive consultancy services for the industry, Textiles Minister Dayanidhi Maran told reporters here.

August 31st, 2009 NEW YORK - India's exports to the US can increase by $1.5-billion if it made an effort to bail out the ailing textiles sector, according to Textiles Minister Dayanidhi Maran, now on an official visit to the US. "My visit will help exporters grab a large chunk of the market, which is expected to rebound by 2010 and 2011, Maran said Sunday while inaugurating the India Pavilion at "Sourcing Magic" fair in Las Vegas.

July 23rd, 2009 Compass forecasts flat FY revenue growthLONDON — Shares in Compass Group PLC, the world's biggest catering company, dropped nearly 8 percent after the world's biggest catering company said it expects revenue growth this year to be essentially flat — up only 1 percent. The company said that economic conditions in North America, continental Europe, Britain and Ireland were difficult over the nine months to June 30.

July 22nd, 2009 TOKYO - With a view to finding new markets for the textile industry and reducing dependence on the US and the European Union (EU), India has begun promoting itself in Japan, with Textiles Minister Dayanidhi Maran inaugurating the Indian pavilion at the Mega Apparel and Textiles Show here Wednesday. The initiative is part of the government's policy to push Indian textiles exports to South East Asia, especially Japan.

July 20th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran will begin his visit to Japan from today. Maran is leading the joint trade delegation of textiles sector.

July 16th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran will lead the joint trade delegation of textiles sector to Japan on July 20. The seventeen-member delegation comprises the representatives of the Apparel Export Promotion Council (AEPC), The Cotton Textiles Export Promotion Council (TEXPROCIL), the Synthetic and Rayon Textiles Promotion Council (SRTEPC), the Knitwear Technology Mission, and leading textiles manufacturers and exporters from Tirupur and Coimbatore textiles clusters.

July 15th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran inaugurated the 43rd edition of the India International Garment Fair (IIGF) and the first exclusive silk exhibition 'Silk Paradise' here today. More than 200 garment manufacturers and exporters from Delhi, Gurgaon, Noida, Faridabad, Jaipur, Pushkar, Tirupur, Mumbai and Kolkata are participating in the fair.

July 7th, 2009 NEW DELHI - Welcoming the general budget 2009-10, Textiles Minister Dayanidhi Maran Tuesday said some more announcements on empowerment of weaker sections and facilities for the growth of medium and small scale enterprises in the sector will be made soon. "We are going to converge with certain other announcements, particularly empowerment of weaker sections, welfare of workers in the unorganised sector and facilities for the growth of medium and small scale enterprises to utilise fully the assistance under schemes outlined in the budget, Maran told reporters here.

June 19th, 2009 MUMBAI - Textiles Minister Dayanidhi Maran wants the sector to develop the "Made in India" brand and diversify into markets beyond the US and the European Union. "The US and EU markets are brand-driven, and through branding we will be able to create a niche market for Indian textiles products and ensure higher value realisation per unit, Maran told reporters here Friday.

June 12th, 2009 NEW DELHI - The textile industry will regain lost ground to grow at 7-8 percent in the current fiscal, Textiles Minister Dayanidhi Maran said here Friday. Industry is quite optimistic and I am also quite optimistic we will be able to achieve that growth, Maran told reporters on the sidelines of a conference here.

April 29th, 2009 NEW DELHI - Garment exports fell 14 percent short of the $11.62-billion (Rs.581-crore) target for 2008-09 but was 4.6 percent more than that earned last year, the exporters' umbrella organisation said Wednesday. Provisional figures released by the Apparel Export Promotion Council (AEPC) showed $10.13 billion (Rs.56,000 crore) worth of garments were exported last fiscal, as against Rs.48,400 crore ($9.68 billion) in 2007-08.

February 16th, 2009 NEW DELHI - The lingerie business remains thriving despite the economic crisis, said organisers of the Bodywear International Trade Fair (BITF). 'It was a bit difficult this time to get all manufacturers together.

January 19th, 2009 GURGAON - India's garment exporters, grappling with falling demand and increasing competition from countries such as Bangladesh who offer cheaper alternatives, Tuesday said the government should exempt it from the purview of fringe benefit tax. 'We are expecting a stimulus package from the government, and we hope that the garment export sector will be exempted from the fringe benefit bracket as is applicable to IT sector,' Rakesh Vaid, chairman of the Apparel Export Promotion Council (AEPC), told IANS.