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MARKET WATCH 14 JULY, 2017

NATIONAL

INTERNATIONAL

Worried exporters to meet today

The Synthetic and Rayon Textile Export Promotion Council (SRTEP) has called a meeting of the textile exporters Today to discuss the post-GST issues and the impact of the indefinite strike by the traders on the export of the fabric.Chairman of SRTEPC, Narain Aggarwal told TOI: "The indefinite strike by the textile traders has adversly impacted the textile exporters who are closely linked with them to meet their fabric export requirements. The strike has dealt a blow for the exporters in Surat and across the country too."Aggarwal added, "GST has not bee imposed on textile fabrics alone but several goods and services. Ultimately, the government wants the end user to pay the tax and traders will be acting as the collectors.

In the larger interest of the textile trade, it is advisable to call off the strike and get back to business."SRTEPC has been strongly representing about the GST issues to the central Government and the GST Council since the last two months."Time has come for the genuine traders to come out in the open, seek police protection and start operating their shops. The business season has already started with the upcoming Durga Puja, Rakshabandh and Diwali festival. Keeping the shops shut for long is only going to ruin the business," said Aggarwal.According to Aggarwal, the agitating traders should directly get in touch with the Central Government to resolve the GST issues.

SOURCE: The Times of India

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Terror attack drowns out Surat textile strike

With no solution in sight and attention having shifted to the terror strike on Amarnath pilgrims, the indefinite strike by textile traders against Goods and Service Tax (GST) in Surat may soon come to an end. “Majority of textile traders want to reopen shops on Monday. Though there was more pressure on the government before the terror strike on Amarnath pilgrims of Gujarat happened, it is diminishing by the day,” said Jaylal, spokesperson for GST Sangharsh Samiti. Traders believe that it was clear from day one that government won’t accept their demand for abolition of 5 per cent GST.

Fifteen days later and over 50,000 shops closed has made no difference in the ground situation. They think it is high time they started work. “All my clients are saying that they will reopen shops on Monday. They cannot bear losses anymore,” said Amit Singhal, owner of an embroidery unit who does job work for traders. While the weaver’s body, Federation of Gujarat Weavers’ Association (FOGWA), has declared that weavers can start work. “We do not want to force anyone. They can start work if they wish to,” said Ashok Jirawala, president of FOGWA.

Call for protection

The police have been getting hundreds of requests for protection. “We have received more than 500 requests from traders who want protection to reopen shops. A case of rioting has been registered against agitators who were forcing closure of shops at Millennium Market today,” said B K Vannar, police inspector of Salabatpura police station. In fact, one of the accused, Attarsingh, is a member of GST Sangharsh Samiti.

It seems that their last hope is on the rally scheduled in Mumbai on Friday and in Ahmedabad on Saturday. Tarachand Kasat, the president of GST Sangharsh Samiti said, “It is true that government’s attention has been diverted after terror strike but we are still hopeful. I believe it is now a matter of 4 days. The issue will be resolved. We will rethink our strategy after rallies in Mumbai and Ahmedabad.”

SOURCE: Ahmadabad Mirror

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Plea to withdraw 5% GST on hank yarn for handlooms

Andhra Pradesh Weavers’ Welfare Association has requested the Prime Minister to withdraw the 5% GST imposed on hank yarn used by handlooms not only to help over 43.3 lakh weavers depending on the activity for their livelihood sustain but also to honour Article 43 of the Constitution which urged the Government to promote cottage industries.

General secretary of the association P. Lakshmana Swamy explained that handlooms sector was contributing about 15% of cloth production in the country and of the total production of handloom 25% was being exported. Besides, 95% of the hand woven fabrics used across the world were from India, he noted.

Stating that handlooms sector was providing direct employment to 43.31 lakh persons on 23.77 lakh handlooms, Mr. Swamy said 10% of the weavers were from Scheduled Castes, 18% from other backward classes and another 27% from other castes and imposition of GST would make the sustenance of the sector passing through a difficult phase burdensome.

SOURCE: The Hindu

Rupee opens little changed against US dollar ahead of WPI data

The Indian rupee was trading little changed against the US dollar in opening trade ahead of wholesale price inflation (WPI) data due later on Friday.

The rupee opened at 64.43 a dollar. At 9.15am, the rupee was trading at 64.46 a dollar, down 0.02% from its Thursday’s close of 64.45.

According to a Bloomberg poll, WPI will be at 1.39% for June against 2.17% a month ago.

The 10-year bond yield was at 6.467%, compared to its previous close of 6.456%. Bond yields and prices move in opposite directions.

The benchmark Sensex index rose 0.05% or 17.48 points to 32,054.86. So far this year, it has risen 20.32%.

So far this year, the rupee has gained 5.3%, while foreign investors bought $8.37 billion and $16.16 billion in local equity and debt markets, respectively.

Asian currencies were trading lower. Philippines peso was down 0.13%, Taiwan dollar 0.13%, Japanese yen 0.12%, Malaysian ringgit 0.08%, South Korean won 0.06% and Singapore dollar 0.04%. However, Thai baht was up 0.1%.

The dollar index, which measures the US currency’s strength against major currencies, was trading at 95.742, up 0.01% from its previous close of 95.728.

Dollar steadied after touching a 10-month low amid testimony from US Federal Reserve chair Janet Yellen, who signalled that a gradual approach to rate hikes remains the base case.

SOURCE: The Live Mint

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Centre deputes 230 officials to get feedback on GST rollout

Hyderabad, July 13: With a view to having firsthand feedback on the GST rollout, the Centre has deputed about 230 senior IAS officials to different states. Armed with a check-list, these officials will cover two-three districts each, talking to consumers, businesses and state government officials. The first of the 10 officers assigned to Telangana has met the officials of the Commercial Taxes Department. Others are expected to be here in a week or so. Andhra Pradesh will have five such officers.

States intimated: The state governments have been sent intimations with the list of IAS officers deputed to the respective states. “We will have 10 IAS officers to cover all the 31 districts of Telangana. They will talk to a cross-section of people and businesses on the GST rollout,” Somesh Kumar, Principal Secretary (Commercial Taxes), said.

The Telangana government is expecting more revenues in the post-GST regime. “We are a consumption state and GST promises good collections for consumption. In order to allay the fears of some states over fall in revenues, the Centre has promised a fixed percentage of growth rate over the collections in that state with 2015-16 as the base year,” he said. For Telangana, the base year revenue collection was ₹16,201.84 crore. “We will get a minimum growth rate of 14 per cent on this. It will be ₹18,470 crore for 2016-17 and ₹21,055 crore 2017-18,” he said. The state earns 26 per cent of the tax collections from liquor sales and 22 per cent from petrol, while the remaining 52 per cent comes from the GST component. Making a presentation on the GST rollout at the Press Club here on Wednesday, he said he was confident the state would realise far more than this.

‘Prices down’ : Quoting a survey done by the department, he said there would be a monthly reduction of 2-5 per cent on monthly spendings by households after the GST. Somesh Kumar warned the telecom companies on the levy of tax from the consumers. The government will write to them in this regard, he said. “We expect the overall bill should be around the same as it is now,” he said.

Source: Business Line

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IIP, CPI data raise expectations of a rate cut by RBI

Recent data pointing to a slowing in industrial production growth and to a fall in retail price inflation has given room to the Reserve Bank of India (RBI) to cut its policy rate at the review meeting on August 2, believe many economists and bankers. Not all share the belief. And, even those who think RBI will cut the rate add that the lower borrowing cost will not be able to revive investment or credit growth (which fell to a 40-year low of 5.1 per cent in 2016-17) in a hurry.

The Index of Industrial Production (IIP) expanded 1.7 per cent in May, lower than the revised 2.8 per cent rate in April. Consumer Price Index (CPI) inflation was down to a record low of 1.5 per cent in June from 2.2 per cent the previous month.

Soumya Kanti Ghosh, State Bank of India (SBI) group chief economist, says it will very difficult for RBI to find reasons for not cutting the policy rate. It will cut the rate by at least 25 basis points (bps), he said. To be effective, he thinks, the central bank should either cut the rate by 50 bps or give signals and cut the rate by another 25 bps in the October review.

He said CPI-based inflation would be below the mandated two per cent in July as well, while picking up to slightly more than three per cent in August.

"There is no doubt that RBI will have to cut rates this time, which should be promptly passed on by banks. However, borrowing will start only when there is demand pick-up," said a banker, who did not wish to be named.

An executive director of a large public sector bank (PSB) said companies had found an alternative funding route in commercial paper and the corporate bond market. "Banks have to live with the fact that the loan market will never be the same again," he said.

He added, though, that the corporate bond market was not deep enough and might not be able to fund long-term projects. Banks' credit growth should pick up but this was unlikely in the present economic scenario. According to another banker, credit growth by banks is in positive territory largely because of SBI and some private banks. "Many banks have not grown their books at all even, as they are okay financially. Banks are too busy resolving bad debts and companies are busy servicing their debt. In these times of insolvency proceedings, don't expect credit growth to jump," said another executive director of a PSB. Manoranjan Sharma, chief economist at Canara Bank, said a rate cut of 25 bps in August was a given but a pick-up in credit is a function of several factors, not only softening of interest rates. He also doesn't expect any immediate pick-up in credit growth.

Meanwhile, some other economists who'd earlier expected a pause have changed their stance. "We are changing our rate call after the release of the June CPI inflation data," said Kaushik Das, chief economist at Deutsche Bank. "Earlier, we were expecting the central bank to maintain an extended pause. We now expect RBI to cut the policy rate by 25 bps on August 2, thereby pushing the repo rate (at which it lends to banks) down to six per cent."

According to Das, even after significant downward revisions by RBI, the June inflation print came below the lower bound of the new forecast range for the first half of 2017-18. RBI had expected first-half inflation at 2-3.5 per cent. This, said Das, opened the possibility of a cut in the August review.

JP Morgan expects a 25 bps cut in August, but adds the timing is a "close call". "We think the last two prints will give the MPC (Monetary Policy Committee) more comfort that (i) some of the food disinflation is structural and not just demonetisation-induced (ii) negative output gaps continue to sustain, as revealed by the continued softness of core inflation (iii) any impact from GST (the new goods and services tax) on the CPI basket is expected to be modest, and (iv) the monsoon is off to a reasonably good start," JP Morgan economists Sajjid Chinoy and Toshi Jain wrote in a report.

They say the inflation rate should start inching up and the July numbers could be closer to two per cent. With the impact of GST on inflation expected to be modest, JP Morgan expects headline CPI inflation to average close to four per cent in the first quarter of calendar 2018, in line with RBI's target.

"This includes the 40 bps direct impact of the HRA (house rent allowance) allowance on public sector wages which would kick in from July and accumulate over six months," the report said.

Saying the balance of possibility had shifted to a 25 bps cut in the policy rate, Aditi Nayar, principal economist at ratings agency ICRA, said this would also not be able to push investment. "It would only lead to cut in debt service cost. This would not address the issues of over-leveraged debt and unwillingness on the part of banks to lend," she said.

However, there are differing opinions and expectations, too. CARE Ratings' chief economist Madan Sabnavis said there might not be any rate cut in the August review and the MPC might wait for October to gauge the moves of the US Federal Reserve, the GST impact on prices and the effect of the HRA increase.

He said all the factors listed by RBI for not cutting the rate in its earlier review still remains. These were the impact of farm loan waivers, GST and HRA on prices.

D K Srivastava of consultants EY said the fall in CPI inflation was primarily because of deflation in food items and with double-digit deflation in pulses and vegetables. These were seasonal influences, he said. "As such, I tend to believe the MPC would postpone the rate cut," he said, even if this was not a unanimous decision.

Source: Business Standard

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GST impact: GSTIN not necessary if exempt goods imported or exported

Importers and exporters of goods, that are exempted from GST, do not need to obtain a GST registration number and can clear their consignments by quoting PAN, the customs department said. The department issued the clarification amid reports of some consignments being delayed at ports for want of clarity on rules governing the new Goods and Services Tax (GST) regime.

“It is being clarified and assured that there is no hold up of import and export consignments, wherever GSTIN is legally not required. “Importers, exporters and customs brokers are requested to quote authorised PAN in the bills of entry or shipping bills for such clearance,” the Maharashtra wing of customs department said in a public notice. The Goods and Services Taxpayer Identification Number (GSTIN) is a 15 digit unique code which is assigned to each registered business or trader.

It replaces TIN (Taxpayer Identification Number) – the unique 11 digit number allotted to each business entity which was registered with the commercial tax department in the previous indirect tax regime. Post of the implementation of GST from July 1, there have been some confusion over requirement of GSTIN for clearance of consignments at ports.

The Central GST Act exempts businesses engaged exclusively in the supply of goods (import and export) which are exempt from GST from obtaining registration under the new indirect tax regime. The customs department in Maharastra, which handles the largest container port of Nhava Sheva, has now clarified that PAN will be sufficient for clearance at ports for goods which does not require registration under GST. “Difficulty, if any may also be brought to the notice of Deputy / Assistant Commissioner in charge of Appraising Main (Export) through email/phones,” the notice said.

Further, Directorate of International Customs (DIC) has been set up on July 1 which will assist the CBEC in international matters pertaining to customs, integrated GST and tariff matters. The DIC would be headed by a Principal Commissioner and will report to the chairman of Central Board of Excise and Customs (CBEC).

Source: Economic Times

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Register with GSTN without fear: Kalraj Mishra to SMEs

NEW DELHI: Small and medium companies need not fear the Goods and Services Tax and should register with the GST Network (GSTN) as the new regime will benefit them, the government said.

“It is a very important tax reform. Small and medium industry should not be apprehensive about anything. We are doing workshops across the country to resolve all your issues,” minister for micro, small and medium enterprises Kalraj Mishra said on the sidelines of a national workshop on GST readiness on Thursday.

The government has set up GST cells to resolve all issues related to the new tax regime, which will help in curbing tax evasion and end inspector raj, Mishra said. He asked micro, small and medium enterprises (MSMEs) to provide feedback on GST to the ministry, which would take it up with the GST Council, the body that makes recommendations on matters related to the tax.

“We have set up GST cells for the industry. I request you all to do GST registration,” the minister added. Mishra told reporters that the MSME ministry has sought inputs from the khadi industry on the levy of GST on their products so that it can take up the issue with the GST Council. GST will help SMEs by making starting a business easier and expanding their markets, according to a report by Kotak Mahindra Bank. From an SME perspective, GST will bring in many positives compared to the previous.

Source: Economic Times

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Textile federation 3-day trade bandh starts today

VIJAYAWADA: In a bid to intensify their agitation against imposition of GST on textiles, the Andhra Pradesh Textile Federation (APTF) has called a three-day trade bandh across the State from Friday. A State-level convention against GST will be conducted in Kurnool by this month-end.

Addressing a press conference here on Thursday, APTF president B Malleswara Reddy said that the textile traders have observed bandh thrice from the last month against GST. He alleged that several representations have been made to the State and Union Ministers highlighting the negative impact of GST on the textile sector, but in vain.  

The federation passed three resolutions which include intensifying agitation until the Centre  rolls back GST on textiles. “District committees will hold talks with traders in shopping malls seeking their support in the bandh” added the APTF president.

Source: Indian Express

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INTERNATIONAL

The US Domestic Textile Production Still Struggles Due to Employment Plunge

Despite being one of the world’s largest textile and apparel markets, the US domestic textile production is still struggling to recover from previous declines from 2008 to 2009, according to a report from the US Congressional Research Service. The report also indicates that the production of textile and the number of textile mills in the US are still 25% lower than in 2007. The value of textile production totaled about $55 billion in 2015, down 1% from a year earlier. So far, textile production only represents around 1.2% of total U.S. manufacturing shipments.

Decline of US textile production  

According to insights and data from the U.S. government, there were over 2000 fewer textile manufacturing facilities in 2014 than in 2004, although textile manufacturers in the US have been investing heavily in technology to reduce operating costs and increase productivity. Some modern textile mills have become almost completely automated, producing thousands of square yards textile every hour, while employment in these mills are as few as 10 or 20 people. According to the U.S. Census Bureau, the U.S. textile industry invested $14.2 billion in plants and equipment between 2005 and 2014. 
The role of automation in garment manufacturing

Among all U.S. manufacturing industries, textiles rank near the top in productivity increases, thanks to heavy investment in automation and the closure of less efficient mills. However, over the past decade more than 200,000 textile manufacturing jobs have been lost due to automation. At the end of 2015, the US domestic textile industry employed about 232,000 workers, accounting for about 2% of the 12.3 million domestic factory jobs in the US. Average wage for the US textile worker was approximately $41,500 in 2015, far below the average of $64,300 for overall manufacturing jobs.

Declining jobs in the US textile industry

Over the last few decades, textile employment in the US declined the most during economic downturns, but has failed to increase after economic recovery. In 2015, textile manufacturers added more than 1,100 jobs over the previous year, the first significant employment gain in nearly 20 years. However, due to automation, consolidation, and import competition, the industry was still struggling to see sustainable growth. The Bureau of Labor Statistics predicts that the overall employment in the US textile industry is to shrink to around 174,000 by 2024.

SOURCE: US Congressional Research Service

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What Colette’s Closure Means for Fashion

On Wednesday morning, Colette, the cult retailer and temple of Parisian cool, announced it would close its doors in December, after 20 years in business. Saint Laurent is said to be in discussions to take over Colette’s iconic Rue Saint-Honoré location.

“As all good things must come to an end, after 20 wonderful years, Colette should be closing its doors on December 20 of this year,” the company said in a statement. "Colette Roussaux has reached the time when she would like to take her time; and Colette cannot exist without Colette.”

Founded in 1997 by Colette Roussaux — who later passed the baton to her daughter Sarah Andelman — Colette is one of the fashion world’s most iconic “concept stores” which became known for its daring high-low product mix, selling established luxury brands such as Chanel and Saint Laurent next to emerging designers like Sacai and Christopher Kane, as well as art books, magazines and technology gadgets. The retailer was particularly known for supporting Japanese designers and “street luxe” labels like Off-White, and was something of a pilgrimage site during Paris Fashion Week.

BoF spoke to a handful of industry insiders to gauge their reactions.

Tim Blanks, editor-at-large of The Business of Fashion

“For twenty years, Colette was my first stop in Paris. Always for books. I would look at everything else - I used to buy CDs too - but the books were always an education. Corso Como had a similarly strong point of view. They were actually quite complementary in their curiosity about things. Still, Colette always managed to have what you want before you knew it existed. What the hell will I do now?”

Jefferson Hack, co-founder and editorial director of Dazed Media

"It's a total shock. It was the ultimate white cube — a brilliantly curated retail exhibition of the best collaborations in design, fashion and culture. It felt like a living magazine, you only had to step into it to know who and which brands and artists were shaping and influencing pop culture. No doubt Sarah will re-invent the future of fashion and culture in a new format — the doors of Colette may close but Sarah's laser vision for what's hot in culture will never fade."

Vanessa Friedman, fashion director and chief fashion critic of The New York Times

"For me, Colette was part of my fashion education. I started in this industry only a few years after it opened, and for me it wasn't a shop; it was research centre, classroom, and textbook all in one. Every season I would stop back in for a refresher course. And it is entirely characteristic of Sarah and Colette's approach to their subject that they have left us with one last lesson — one I think many fashion brands would do well to consider: write your own final chapter, and do it from a position of strength."

Virgil Abloh, founder and creative director of Off-White

"My partnership with Colette defined my career. Off-White couldn't exist if Colette didn't exist. She was definitively the first buyer to place an order for my brand, and the first to do an event. Sarah and Colette championed my brand and me as a designer, over 10 years ago. The significance [of Colette's closure] to me is that it brings myself to question the state of retail and where consumers are spending their money for specialised products. There is much to learn, yet there is also something to be taught, which can apply to our future fashion industry."

Lucien Pagès, founder of PR agency Lucien Pagès

“I used to say that Sarah is one of the geniuses of French fashion history, along with Coco Chanel, Pierre Bergé and Karl Lagerfeld. I have to say that I feel a bit sad as it is the end of an era but I am very positive for Sarah's future and I am looking forward to seeing what Saint Laurent will do. Their vision is unique as is their sense of retail. Nobody has challenged them in Paris, for 20 years they were at the top in always following their instinct.”

Virginie Mouzat, fashion and lifestyle editor of Vanity Fair France

"I always considered Colette as a writer, not a shop. I was tempted to be shocked but I could feel how this woman was ten steps beyond. I needed to adjust. I forced myself to do so. It was a new way of showing, selling and sharing. The genious idea was the editing like in a magazine and it was daring. For us fashion people Colette became a part of our fashion DNA."

Chitose Abe, founder and creative director of Sacai

"This long journey together based on mutual trust and respect won't change. Continuing to be creative and always thinking out of the box without deceiving its existence, [Colette] was in the heart of the historical tradition and art and fashion. It eventually changed Paris itself."

Ronnie Fieg, founder of Kith

"My relationship with them has always been great, and I have a lot of respect for Sarah and her mother. I see them as geniuses and pioneers in our marketplace, and they are responsible for a lot of impactful cultural moments. They appealed to a spectrum of consumers that covered the entirety of Paris, and stood as the epicentre of cool. Whether you wanted to leave with a product or absorb culture, Colette was the destination. They're leaving on a high note, and their accomplishments are greater than any other retailer today. Paris will miss Colette. Designers will miss Colette. And consumers will miss Colette."

Simone Rocha, fashion designer

"It was the place which represented fashion to me as a teenager, so I am sorry to see it go. I am very grateful I could be a part of their story. I will always appreciate the support, inspiration and collaboration of working with Colette. It was independent, inclusive, inspiring and Sarah took many risks on designers like myself who were stocked in the very first year of my label. The unashamed mix of the new labels, heritage labels, street labels, stickers, books, music, people — all these elements which felt sincere are a part of what it so special and pioneering."

Susie Lau, founder Style Bubble
"Colette was really where the idea of the concept store was born and as a teenager, there was an air of inimitable cool about it. I think I had to work up some courage to venture up to the first floor where evidently I couldn't afford anything but that idea of being able to buy a magazine or a CD on that more approachable ground floor has been copied copiously. It's a real shock because it's such a institution in fashion, and I really respect Sarah Andelman's opinion as a buyer and a fashion tastemaker. She really does see everything and in an industry that often only chases populous hype, it's so great to see her genuinely supporting young designers."

Luke Meier, creative director of OAMC and Jil Sander

“It's a bit of a surprise, really, since the store is so strong right now. I really applaud Sarah and her mom for completing their wonderful story. It's very rare that people properly 'finish' something in this industry with such integrity, and they are definitely doing that. They really created a one of a kind place that has had true influence. The selection and all the activities around the store come from a genuine love for creation and design and you can feel it. A lot of the people who work at Colette are now friends, and I have always felt a strong connection to the store. It leaves quite a hole. Paris still has a lot of great stores, but the mix of people that Colette brought together will be missed.”

Mary Katrantzou, fashion designer

“I am really sad with the news that Colette is closing its doors but I’m eternally grateful an honoured to have had their support from my very first season in 2008. I first visited Colette when I was still studying and wondered if I would ever make it into selling there. I was so nervous when Sarah first stopped by my stand, straight after graduating, that I forgot all my prices. Sarah and her mother Colette are true visionaries and have created a benchmark for concept stores around the world. There is no other store that has the power to drive fashion and launch the careers of designers like "Colette". It fused fashion and culture in a way that was so in sync with our times and pushed boundaries to the point you would think there are none.”

SOURCE: BOF

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Walmart to invest Rs 900 crore to open 15 outlets in Maharashtra

American retail chain Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra, the state government said today. “Walmart will open 15 additional modern wholesale cash and

carry stores in the coming years by investing Rs 900 crore,” an official statement from the Chief Minister’s Office said here, reports PTI. These stores will generate 30,000 direct and indirect jobs in the western state, it added. The state’s industries department signed a memorandum of understanding (MoU) with officials from Walmart in the presence of Chief Minister Devendra Fadnavis earlier today with regard to the network expansion.

The American retail giant has two stores at present in Maharashtra - in Aurangabad and Amravati. Chief Minister’s Additional Chief Secretary Pravinsingh Pardeshi, Additional Chief Secretary (Industries) Sunil Porwal, Development Commissioner Harshdip Kamble and Walmart’s India head Krish Iyer were also present at the MoU signing ceremony, it said.

Source: Tecoya Trend

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Technical Textiles - Global Market Outlook (2016-2022)

According to Stratistics MRC, the Global Technical Textiles Market is accounted for $XX million in 2016 and is expected to reach $XX million by 2022 growing at a CAGR of XX% from 2016 to 2022. Rising significance for geotextile, shifting consumer preferences, increasing demand for new application areas, growing flexibility and recognition of products are some factors poised to grow the market. However, changing environmental mandates across regions and high cost of finished products are some factors inhibiting the market. Moreover, the future opportunity for the market lies in appearance of new technologies and increasing demand in promising industrial markets.

By product, Woven technical textiles segment commanded the maximum market share during the forecast period due to easy accessibility of woven textile fabrics in all the market segments of the technical textile industry. In terms of geography, APAC is expected to grow at a significant growth rate due to growing disposable incomes and increasing demand for wearable technology in this region.

Some of the key players profiled in this market include Cabot Corporation, DIC Corporation, BASF SE, Low & Bonar PLC, Avintiv Inc., Freudenberg & Co. Kg., Kimberly-Clarke Corporation, E.I. Du Pont De Nemours and Company, Huntsman Corporation, Lanxess AG, SRF Limited, Tencate NV, Toyobo Co., Ltd., Mitsui Chemicals, Inc. and Asahi Kasei Corporation.

Products Covered:
- Composites
- Nonwoven technical textiles
- Woven technical textiles

Applications Covered:
- Geotech
- Packtech
- Agrotech
- Clothtech
- Buildtech
- Indutech
- Oekotech
- Protech
- Meditech
- Hometech
- Sportech
- Mobiltech

Technologies Covered:
- Hand-made elements
- Heat-set Synthetics
- 3D Knitting
- Thermoforming
- Finishing Treatments
- Nanofibers
- 3D Weaving
- Other Technologies

Fiber Types Covered:
- Specialty Fibers
- Synthetic Fibers
- Natural Fibers

Pigments Covered:
- Inorganic Pigments
- Organic Pigments

Fabric Types Covered:
- Colored Technical Textiles
- Non-Colored Technical Textiles

Regions Covered:

- North America

  • o US
  • o Canada
  • o Mexico

- Europe

  • o Germany
  • o France
  • o Italy
  • o UK
  • o Spain
  • o Rest of Europe

- Asia Pacific

  • o Japan
  • o China
  • o India
  • o Australia
  • o New Zealand
  • o Rest of Asia Pacific

- Rest of the World

  • o Middle East
  • o Brazil
  • o Argentina
  • o South Africa
  • o Egypt


What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments

Source: Cision

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