New Delhi, Monday, February 18, 2019: Mr. Sanjay Jain, Chairman, CITI stated that globally the fibre consumption is dominated by manmade fibres having 70% share in total fibre consumption while natural fibres constitute only 30%. Contrary to the global trend, fibre consumption in India is skewed towards natural fibres, especially cotton.…
Month: February 2019
Indian Cotton Textiles Suffering Serious Disadvantages due to Tariff Issues in Major Markets New Delhi, Monday, February 11, 2019: Shri Sanjay Kumar Jain, Chairman CITI stated that India’s cotton yarn and fabric exports are struggling because of the duty disadvantage faced by the Indian exporters in major markets. As indicated in the table below, there…
New Delhi, Friday, February 01, 2019: Mr. Sanjay Jain, Chairman, CITI welcomes the Interim Budget 2019-20 announced by the Hon’ble Finance Minister, Mr. Piyush Goyal. The Chairman stated that the budget is expected to give major impetus to the textile and apparel consumption by increasing the purchasing power of middle class and…