Bangladesh will be able to double its export to India in three years if the former can utilise its trade potential in the northeastern Indian states, according to the India-Bangladesh Chamber of Commerce and Industry (IBCCI). Bangladesh’s export to India crossed $1 billion in the last fiscal year...
India’s No 2 software services exporter, Infosys Ltd, is probing whistleblower complaints that its top two executives engaged in ‘unethical practices’ to boost short-term revenue and profit, sending its shares down 16 per cent on Tuesday. Chief executive Salil Parekh, who took charge in 2018, had bypassed...
The cotton and blends spinning industry in India is passing through a big crisis, similar to the situation last seen in 2010-11, resulting in huge job losses, according to the Northern India Textile Mills Association (NITMA). High interest rates, high cost of raw materials, rise in low-priced...
The 3rd edition of Denimsandjeans India, held recently in Bangalore, witnessed the highest buyers’ turnout in its all 3 seasons. With over 40 exhibiting companies from over 7 countries, the show brought all the leading retailers, brands, buying houses and factories from India as well as overseas...
Indian high commissioner to Bangladesh Riva Ganguly Das recently met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Rubana Huq at the latter’s office to discuss ways to further move forward existing trade relations between the two countries. Ganguly Das said the duty-free export of Bangladeshi apparel...
Cotton accounts for 51 per cent of the total raw material cost in the Indian textile industry and continues to remain at an elevated level, thereby pressurising domestic industry margins, according to India Ratings and Research (Ind-Ra). This raw material cost inflation has been difficult to pass...
Giving a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops, including cotton, for 2019-20 season. The move will lead to increased investment and...
India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald...