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Economy | Textile Excellence - Textile & Apparel Newspaper / Magazine

India's Finance Minister Nirmala Sitharaman

Union Budget 2023-24 Focuses On Inclusive Industrial Development

Finance Minister Nirmala Sitharaman’s Union Budget 2023-24 focuses once again on inclusive development, women empowerment, the MSME sector, green growth. The government in 2022...

Aim To Achieve US$ 100 Bln Textile Exports In 5-6 Years: Piyush Goyal

Union Commerce and Textile Minister Piyush Goyal said that textile exports were approximately US$ 42 billion while the target was to achieve US$ 100...

Russia Establishes Three New Special Economic Zones

Industrial SEZ's to be set up in Chuvash, Volgograd and Kemerovo to incentivise manufacturing investment. Russia’s Ministry of Economics has announced that three new Special...

Xi Jinping Actively Promotes Trade & Investment With Russia As Chinese Policy

With the Chinese Communist Party Congress now over, a number of key steps were taken not just in terms of ushering in a new...

Cost-Of-Living Squeeze Drives Confidence To Historic Low

The Deloitte Consumer Tracker reveals UK consumer confidence fell for a fifth consecutive quarter in Q3 2022, reaching a record low of -20%,...

Eurocham Business Climate Index Down 6.4 Points: Q3 2022

A lower BCI may reflect “the instability of a recovering Vietnam economy”. Positive perceptions of the EVFTA have decreased. Companies relocating part of...

Eurozone Contracts Further As Germany Heads For Recession

Economies worldwide had only just started to heal from the pandemic induced slowdown, when another economic recession looks to be closer than we want....

IMF Cuts Global And Euro Area Growth Outlook

The euro area's economy is now expected to grow by just 0.5% in 2023 as factors including the war in Ukraine, record inflation and...

US T&C Imports Rose 39% During Jan-June 2022

US imports of textiles and apparel in the first six months of 2022 have shown a fairly encouraging performance (in terms of statistics, not...

Jiangsu’s Lianyungang Connects Trade Between Kazakhstan, Uzbekistan, Japan, South Korea, Singapore

A new rail freight route from Wuxi in China’s Jiangsu Province near to Shanghai on China’s east coast, through Kazakhstan to Uzbekistan has begun...

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