Q1 How is the textile sector faring amidst all these global conflicts?
The total textile market is estimated to be USD 160 bn this year, of which USD 45 billion is exports. The industry is going through a bad phase because the exports are down due to geopolitical reasons – whether that be issues in Europe, America or now in the Middle East. When exports are down, it affects the industry irrespective of having a domestic market of 143 crore people, since all of them don’t have the purchasing power that fewer people in the western world have. That’s troubling us because when everything is destined to the Indian market, there is a pressure on prices. Textiles is a continuous process. I can’t stop production. If 30 per cent of the market is shut, in the rest 70 per cent, everybody is going to crowd in. To take solace in the fact that we have a huge market within India, I don’t agree with it.
Q2 Are you feeling the impact of the Red Sea crisis?
I will give you my case. The shipping rate has jumped to USD 4000 which was earlier USD 400. So I have asked for all shipments to be stopped and a wait for 2 months. I will carry the stocks for 2 months. Suppose you book orders today and there are no vessels going, what is the guarantee that the goods will go?
Q3 With the Budget approaching, what is the industry expectation?
Denne historien er fra January 07, 2024-utgaven av The Business Guardian.
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Denne historien er fra January 07, 2024-utgaven av The Business Guardian.
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DELHI-NCR ENFORCES GRAP STAGE-3
It is a \"Serious issue\" that is affecting the school-going students as there has been an increase in the cases of cold and cough. - Dr Sahab Ram, Pediatrician
Delhi pollution plea in SC on Monday
The Supreme Court on Thursday agreed to urgently list on November 18, a plea seeking enforcement of measures to check pollution in the national capital after it was told that Delhi should not become the most polluted city in the world.
Online Classes for schools up to class 5: CM Atishi
Due to rising pollution levels, all primary schools in Delhi will be shifting to online classes, until further directions
Defamation suit: Delhi High Court issues summons to users who 'edited' ANI's Wikipedia page
The Delhi High Court in the case Wikimedia Foundation v. ANI & Ors observed and has issued summons to three individuals who allegedly edited the Wikipedia page of news agency Asian News International, ANI.
Calcutta High Court imposes 1,500 limit on attendees at BJP's rally in Howrah, expresses concerns over 'narrow stretch' of road
The Calcutta High Court in the case Arun Uday Paul Chowdhury-Vs-The State of West Bengal & Ors observed and has allowed a rally by the Bharatiya Janata Party in Kolkata's Howrah area, after permission had been refused by the police authorities.
DELHI HIGH COURT REJECTS INDERPAL GABA'S CHALLENGE TO NIA ARREST AND REMAND OVER PROTEST AT INDIAN HIGH COMMISSION IN LONDON
The Delhi High Court in the case Inder Pal Singh Gaba vs. National Investigation Agency observed and has rejected the petition of Inder Pal Singh Gaba, allegedly involved in the protest at the High Commission of India, London, United Kingdom, challenging his arrest by the National Investigation Agency, NIA and seeks for the release of him from custody.
Allocation of cases: Supreme Court notifies new subject-wise roster with effect from November 11
The Supreme Court of India has published a new roster of work, which is effective from November 11, 2024, after Justice Sanjiv Khanna became the Chief Justice of India, CJI.
Supreme Court: Right to shelter a facet of Article 21; state must satisfy why entire property needs to be demolished
The Supreme Court in the case In Re: Directions in the matter of Demolition of Structures and Ors laid down pan-India guidelines through its judgment in the 'bulldozer matter'.
Supreme Court: Compassionate appointment is not a vested right
The Supreme Court in the case Tinku v State of Haryana observed and has held that compassionate appointment is not a vested right which can be granted without any kind of scrutiny or undertaking a process of selection.
K'TAKA TO SET UP SIT TO PROBE COVID SCAM
Dalla is accused of multiple charges including murder, extortion, terror financing, targeted killings, and cross-border smuggling of drugs and weapons.
