By 2020, the Indian silk industry can potentially become self-reliant to meet demands of domestic silk market on the back of an annual growth rate of 7.5 per cent. Currently, the Indian silk industry contributes16.12 per cent to the total world silk output. Indian silk production is around 29,000 tonnes. India currently imports 6,000 to 8,000 tonnes of raw silk and silk fabric from China to meet the growing domestic demand of around 34,000 tonnes. The country exports silk worth Rs. 3,000 cror

Although many cotton exporters' shipments have been affected thus far in 2015-16 by weak demand from China, the most notable impact has been felt by Australia, according to the latest cotton report released by the US department of agriculture (USDA). Over the previous four seasons, Australia had shipped nearly two-thirds of its exports to China. However, since the harvest started for the 2015 crop, Australia's exports as a share of the crop are at a 10-year low, largely on very weak import de

PRESIDENT Xi Jinping yesterday told regional economic and political leaders that his government will keep the world’s No. 2 economy growing. In a speech to a business conference on the sidelines of the Asia-Pacific Economic Cooperation summit, Xi said China is committed to overhauling its economy and raising the living standards of its people. China’s growth fell to a six-year low of 6.8 percent in the latest quarter as the government tries to shift the economy away from reliance on trade

With the holidays just around the bend, a plane, train, or automobile ride is probably in your near future. And, while it's tempting to travel wearing just-rolled-out-of-bed-PJs (comfort is key, right?), you're way chicer than that. Plus, if you're leaving for your trip straight from the office or need to be ready to hit the ground running upon touchdown, sweats aren't really an option. What to wear, then? We turned to professional travelers (a.k.a. the world's most stylish celebs) to glean tips

Indian garments have to be more competitive in terms of quality and pricing to tap the $6 billion Australian market that is currently dominated by China, India's Consul General Manika Jain said in Melbourne. Jain's comments came while inaugurating the India Pavilion at the International Sourcing Expo Australia 2015. According to an agency report, Jain suggested that Indian exporters add value to their products and focus on branding to carve out a niche in the Australian market. For this

Pakistan is a huge market which offers excellent opportunities to Romanian businessmen in various sectors of the economy particularly the textile sector, said Ambassador of Romania, Emilian Ion while speaking at a meeting during his visit to Pakistan Textile Exporters Association (PTEA). According to him, although trade volume between Pakistan and Romania has been improving with balance of trade in favour of Romania but this volume was not depicting the real potential and can be improved fur

Syrian businessmen group- Egypt is a group of Syrian businessmen in Egypt who decided to continue their business in other countries and form semi-projects and factories that helped them and Syrians there. The number of the Syrian factories in Egypt constitutes about 80 percent of the Syrian factories established abroad, said Khaldoun al-Mowaqaa, head of Syrian businessmen group- Egypt. The Syrian businessmen established projects that also enabled them to help the displaced Syrians, who were

Louis Vuitton has pulled the plug on one of its two flagship stores in Guangzhou, Guangdong province, as the French fashion house continues to grapple with slow sales in China. Separately, the Financial Times said that the company has already closed three outlets in China－Guangzhou, Harbin and Urumqi－and was drawing up plans to close several others, citing people familiar with the matter. The store closures will leave LV with about 50 stores across the mainland. The Guangzhou

CHINA’S overseas nonfinancial investment during the first 10 months of 2015 surged 16.3 percent year on year, hailed by many as a stabilizer of world economic growth. The mainland made around 589.2 billion yuan (US$92.5 billion) in outbound direct investment during the period, covering 5,553 companies across 152 countries and regions, data released by the Ministry of Commerce showed yesterday. ODI projects covered a wide range of fields including transport, residential construction, electr

Swedish Deputy Minister for Employment Irene Wennemo has urged Bangladesh to train up mid-level workers especially in the country’s RMG sector to ensure workers’ rights and enhance their skills. The visiting minister made the call at a meeting with his Bangladeshi counterpart Md Mujibul Haque Chunnu, state minister for Labour and Employment, at his office yesterday. Irene came Dhaka to participate in the Bangladesh Development Forum 2015 held yesterday at Bangabandhu International Conferen