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India's economy on path to gradual recovery: IMF


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India s economy is on the path to gradual recovery, the International Monetary Fund (IMF) recently said. “India s economy is on the path of gradual recovery, real GDP [gross domestic product] growth, return to positive territory in the fourth quarter of 2020. And that s for the first time actually since the start of the pandemic and it s supported by a pickup in gross, fixed capital formation,” IMF spokesperson Gerry Rice told reporters.
The statement comes ahead of IMF’s next month’s spring meeting with the World Bank.
“Beyond that, I can say that high-frequency indicators including PMIs trade and mobility suggest a continued recovery in the first quarter of this year, 21; however, the recent emergence of the variants and localised lockdowns could pose risks to a sustained recovery,” Rice said. ....

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Austria's Lenzing to launch #checkwhatsgood campaign on Earth Day


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Lenzing’s Tencel brand is set to roll out a new action-oriented social media campaign, #checkwhatsgood, on Earth Day 2021, on April 22. The campaign aims to bring attention to sustainable fashion and purchase habits alongside a variety of global and regional brands, designers and influencers. Lenzing is a partner of textile and nonwoven manufacturers.
In addition, the Tencel brand will continue its partnership with One Tree Planted for the third consecutive year and develop new partnerships with NGOs to drive consumer actions. With numerous fashion brands to choose from, consumers have been looking for ways to identify brands that truly emphasise on responsible production. As brick-and-mortar stores became inaccessible during the pandemic, shopping habits have shifted to almost exclusively online in many countries. To help restore consumer trust, Lenzing is launching #check ....

Lenzing Tencel , Earth Day , Latest Textile News , Textile Industry News , Textile Business Updates , Textile Accessories News , Textile Association Organization News , Global Carpet News , Chemical Dyes News , Clothing Industry News , Clothing Company News , Textile Fibre News , Cotton News , Cotton Reports , Embroidery News , Textile Fabrics News , Home Furnishing News , Handicraft News , Textile Import Export News , Textile Industrial News , Textile Machinery News , Silk News , Wool News , Textile Fairs Exhibition News , Textile Market Trends News , Latest Union Budget News ,

India-Mauritius CECPA enters into force today


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The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), signed by both countries on February 22, 2021, has entered into force from today. The CECPA is the first trade Agreement signed by India with a country in Africa. It will provide greater market access for several Indian products at concessional duties in Mauritius.
Both sides have completed their internal legal procedures and the India-Mauritius CECPA will enter into force on Thursday, 01 April 2021, India s ministry of commerce and industry said in a statement.
The CECPA is a limited agreement covering Trade in Goods, Rules of Origin, Trade in Services, Technical Barriers to Trade (TBT), Sanitary and Phytosanitary (SPS) measures, Dispute Settlement, Movement of Natural Persons, Telecom, Financial services, Customs Procedures, and Cooperation in other Areas. ....

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