BENGALURU : he Karnataka government proposes to set up a cluster for the construction sector to help localize manufacturing of fittings, hinges and other material to limit imports, help boost investment, and further channel its focus into labour-intensive micro, small and medium enterprises (MSMEs) to insulate itself from the economic uncertainties.
India’s merchandise exports are expected to grow marginally to USD 82 billion (about Rs 5.82 lakh crore) during the current quarter of this fiscal, while non-oil exports may fall a tad to USD 69.48 billion (about Rs 4.93 lakh crore), Exim Bank has forecasted.
Niti Aayog Vice Chairman Rajiv Kumar on Monday urged Chinese businesses to look at India as an export destination from where they can sell their products to various countries.
The trade conflict between the US and China may be unsettling global trade. But home-textile exporters from India see a silver lining, though benefits could be insignificant if US demand remains subdued.
The government and stakeholders in the textile industry have agreed on a road map for the implementation of policy interventions against the importation of fake textile products and other unfair practices that have stifled the growth of local companies in the sector.
New Delhi, Sep 10 As many as 46 textile objects, hand-woven on traditional Indian drawlooms, are put on display at an exhibition showcasing the finest trends of contemporary weaving from Varanasi.