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INDIA: Annual rate of inflation falls to 3.03%, six-year low

The official Wholesale Price Index for ‘All Commodities’ (Base: 1993-94 = 100) for the week ended 21st February, 2009 declined by 0.1 percent to 227.6 (Provisional) from 227.8 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 3.03 percent for the week ended 21/02/2009 as compared to 3.36 percent for the previous week and 5.69 percent during the corresponding week of the previous year. The index for ‘Non-Food Articles’ group declined marginally to 228.3 from 228.4 for the previous week due to lower prices of raw silk (7%), copra (3%) and rape & mustard seed and gingelly seed (1% each). However, the prices of raw rubber (3%) moved up. The index for ‘Textiles’ group declined by 0.1 percent to 140.5 from 140.7 for the previous week due to lower prices of hessian & sacking bags and hessian cloth (2% each). The index for ‘Machinery & Machine Tools’ group rose by 0.1 percent to 172.3 from 172.2 for the previous week.

 

Added: March 5, 2009 Source: Agencies

 

 

 

 

 

      

Highlights of the Foreign Trade Policy

The Hon’ble Union Minister of Commerce & Industry, Government of India, had announced the Foreign Trade Policy on 8th April’05. Some of the Salient Features / Highlights of the proposals pertaining to Textile Industry in general and Handlooms in particular are. >> More

 

Salient features / Highlights of the Foreign Trade policy

 

Modern Processing Houses

The Indian Home Textile Industry has access to excellent infrastructure facilities and uses the latest technology and machinery.

Many manufacturers have set up state-of-the-art modern processing houses to roll out large volumes of high quality products to meet the international market demands and expectations. Needless to say that India’s Textile Exports have grown exponentially over the last decade.

Eco- Friendly Dyes: Use of Azo-Free Colours

The manufacturers in India are well aware that AZO free colours and dyes should be used. India has discarded the usage of banned materials in the dyeing process with safe substitutes, to ensure eco-friendliness of the products manufactured by the industry.