Synopsis Buying houses like Impulse shared that there was an opportunity for MMF garments and that they have already identified major buyers and markets, and will make sure that MMF garments from India get more importance.
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The country has sufficient supply of MMF fibre and yarn, but is in short supply of quality fabric.
DELHI: Buying houses believe that Indian man-made fibre (MMF) garment exporters can aspire to grab $20 billion business in global MMF garment trade even as the domestic apparel industry works at resolving its limitations.
This was among the key takeaways from a virtual B2B meeting on ‘Improving MMF Fabric Options for Indian Apparel Exporters’ held between MMF garment exporters, buying houses and fabric suppliers organized by Apparel Export Promotion Council (AEPC) on Tuesday.
5G network deployment can start in 3 months, but infrastructure not ready in India: Experts
March 10, 2021
Industry players push for using gears manufactured locally 5G networks in India can be deployed in three months but in limited areas as the optical fibre-based infrastructure to support the technology is not ready yet, telecom industry players said on Tuesday.
Nokia India Head of Marketing and Corporate Affairs Amit Marwah said India has to take a call on deployment of 5G services; otherwise it will miss to take advantage of the next-generation technology that it can bring for the economy.
‘Not a sales channel’
“In India we revised (upwards) to a large extent based on very good numbers towards the end of the year (as) Indian performance was much better than we expected at that time. Now they also have to proceed with faster vaccination which they have started to do, according to
ET which cited OECD chief economist Laurence Boone as saying.
The OECD chief economist emphasised that if we don t inoculate a majority of the population fast to allow curbs to be lifted, the recovery will be slower and we will undermine the benefits of fiscal stimulus.
Separately, rating agency Crisil projected India’s GDP growth to rebound to 11 per cent in FY22, after an estimated 8 per cent contraction in FY21 driven by flattening of the Covid-19 affliction curve, rollout of vaccinations and investment-focused government spending and people learning to live with the new normal.
Updated Mar 10, 2021 | 19:58 IST
News headlines for March 10, 2021: PM Modi congratulated Tirath Singh Rawat for becoming the new CM of Uttarakhand. Also, the BJP released its campaign song for the West Bengal Polls. Indian naval soldiers attend the commissioning ceremony of the INS third Scorpene-Class submarine Karanj in Mumbai. | Photo Credit: AP
Key Highlights
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New Delhi: The middle of the week saw historic newsbreaks as Tirath Singh Rawat took oath as Uttarakhand Chief Minister and on the economic front, OECD predicted India’s GDP growth to be fastest in the world in FY22. Below are the day’s biggest headlines: