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TECOYA TREND
Phone: 66978535 Fax: 022-28793022 Email: tecoya@vsnl.com

VOL. XLIV No. 162

MUMBAI, FRIDAY, JULY 19, 2013

PRICE: Rs. 5.00

Sanjay Behl joins Raymond as CEO Lifestyle Businesses

By Our Staff Reporter MUMBAI, JULY 17 Mr. Sanjay Behl has recently joined Raymond Limited as Chief Executive Officer - Lifestyle Business, which comprises of the organizations core businesses, namely Textiles, Apparel & Retail. Having worked across diverse industries such as consumer goods and services, Mr. Behl brings with him a wealth of experience in business leadership and operational management. Mr. Sanjay Behl, Chief Executive Officer Lifestyle Business, Raymond Limited, said, I am delighted to join the Raymond team and am inspired to begin my innings in this ever evolving textile industry. Rapid change in consumer aspirations coupled with growing discretionary spend on lifestyle goods poses a tremendous opportunity for the market leading and highly respectable brand portfolio at Raymond, both in Ready-to-Stitch textile fabric and Ready-to-Wear branded apparel segments. Mr. Behl is an engineer from IIT BHU (Varanasi) and an MBA from Sydenham Institute of Management, Mumbai.

Government working out modalities to facilitate development of RMG sector

NEW DELHI, JULY 18 The government is working on a modality to facilitate creation of more work spaces in sub-urban areas to increase manufacturing in garment sector, besides a score of other measures to boost textiles industry. The proposal was a part of the roadmap laid down at a highlevel meeting chaired by Prime Minister Manmohan Singh last week to discuss measures to boost the manufacturing sector. To boost manufacturing, some of the key elements that were approved include creation of enough work spaces in the garment sector so that supply is slightly in excess of demand, National Manufacturing Competitiveness Council (NMCC) Member Secretary Ajay Shankar said today at a CII function here. For this, accommodation for workers would be created because these work centres would be set up in suburban areas, or industrial centres, he said, adding that workers employed in these units would also be properly trained to produce good quality items matching the global standards. The goal of the strategy is to leverage the strengths of sector to enhance employment generation and achieve a greater share in global markets, especially in apparel. Besides, stress would be given on improving processing and modernisation of the weaving segment to really make sure that we succeed with a big-bang, Shankar said. The core of the strategy was to facilitate the rapid scaling of competitiveness of the garment segment of the textile sector through a comprehensive package of measures. Shankar said the Prime Minister has given clear timelines as to when what should happen. So we will be working on implementation now and keeping him informed about the progress, he said. At the high-level meeting, a road-map of measures was laid out to increase textile exports by 30 per cent in the current fiscal year, amid a declining rupee. Indias apparel exports declined by over 5 per cent to USD 12.9 billion in 2012-13 due to sluggish demand in western markets. The US and Europe, which together account for over 65 per cent of the countrys apparel exports, have been facing weak economic growth. Talking about Micro, Small and Medium Enterprises (MSMEs), he said, Japanese small units have achieved great success and Indian MSMEs can also adopt their model. The NMCC has been set up by the government to provide a forum for policy dialogue to energise and sustain the growth of manufacturing industries in India.

Royal Ten Cate puts first digital inkjet machine into operation
MUMBAI, JULY 18 On 1 July textile technology company Royal Ten Cate introduced the first production machine for digital finishing on the basis of inkjet technology. Theo Rietkerk, member of the Provincial Executive of Overijssel for Economy, Energy and Innovation, activated the machine at the company site of TenCate Protective & Outdoor Fabrics in Nijverdal, the Netherlands. Operation of this new machine marks the official transition from analogue to digital finishing of technical textiles. With digital finishing of textile surfaces other or new characteristics can be introduced in existing products, leading to product modifications that meet By Our Staff Reporter the increasing dynamics of wishes of customers. Digital inkjet technology gives TenCate the ability to offer on-demand delivery and mass customization on the basis of a flexible, sustainable and cost-efficient production process. Industrial application of inkjet technology within the technical textile industry means considerable savings in water, energy and chemicals, such as dyes and pigments. As Ir Loek de Vries, President and CEO of TenCate, explains: Digital inkjet technology is a case of technological innovation, one of the cornerstones of the TenCate business model. This groundbreaking innovation is the driving force behind new activities of TenCate. It generates new opportunities to continue to meet the changing needs and expectations of the end-user. This digital inkjet machine is the result of an intensive cooperation between Reggiani Macchine, Xennia Technology and TenCate within the framework of European innovation programs. The research and development of the digital inkjet machine and the related research over the past years were facilitated by the support of the European Union, the European Technology Platform for the Future of Textiles and Clothing, the province of Overijssel, the University of Twente and the region of Twente.

IPReye.com - A new crowd service to stop fakes

MUMBAI, JULY 18 IPReye is founded to stop fakes and to offer trademark protection globally. IPReye Global Ltd is a privately held expert company and founded by a group of brand enthusiasts and trademark professionals who wanted to set up a crowd source community for anticounterfeiting. IPReye presents an easy way to report trademark infringements and fake products with smart phones, tablets and portables. Just take a photo of suspected trademark infringement, add some crucial information about the target and send it to IPReye. IPReye takes care of the rest analyses the report, contacts the brand owner, manages the trademark infringement case with its legal partners and keeps the sender informed all the time how the process progresses.

Finanace Min to hear tax issues of industry groups every Wednesday

NEW DELHI, JULY 18-(PTI) Industry groups can directly put forth tax related issues before a high level committee headed by Parthasarathi Shome, advisor to the Finance Minister, every Wednesday beginning August 7. The ministry has been receiving representations from chambers of commerce and industry associations on tax-related issues and disputes that affect the industry as a whole or impact a large sections of the industry. The groups had been demanding a forum to put their views before the government. The request is found very reasonable. Exchange of views between industry groups and government on tax related issues or tax related disputes would give an opportunity to Government to hear the arguments of the industry groups. It will also give the government an opportunity to explain its stand on tax related matters. Thus this exercise would be mutually beneficial, the ministry said in a release. Accordingly it has been decided to constitute a forum, chaired by Shome, that will meet every Wednesday (3 pm), the release said. Shome will be assisted by officers of the Tax Policy and Legislation (TPL) wing of the Central Board of Direct Taxes (CBDT) and the Tax Research Unit (TRU) of the Central Board of Excise and Customs (CBEC). Chambers of commerce, industry associations and various such groups will have to submit a memorandum to Shome and then seek an appointment. The first meeting of the forum will be held on August 7, 2013 and thereafter on every Wednesday, it said.

Guidelines for Weighted Deduction @ 150% of the Expenditure Incurred on skill Development Under Section 35ccd of the Income-Tax Act, 1961 Issued

Centre announces direct tax incentive to promote skill development

NEW DELHI, JULY 18 The National Manufacturing Policy (NMP) 2011 proposed to provide inter alia, the following direct taxes incentives to promote skill development: Weighted deduction of 150% of the expenditure (other than land or building) incurred in Public Private Partnership (PPP) projects for skill development in manufacturing sector in separate facilities in coordination with National Skill Development Corporation (NSDC). As a follow-up of NMP, the Finance Act, 2012 inserted a new Section 35CCD in the Income-tax Act, 1961(the Act) which provides that for computing business income, a company shall be allowed a weighted deduction of 150% of expenses (other than land or building) incurred on skill development project notified by the Board in accordance with the guidelines as may be prescribed. The guidelines for approval of skill development project are prescribed in new Rules 6AAF, 6AAG and 6AAH inserted in the From Our Correspondent Income-tax Rules, 1962 by Notification No. S.O.2166 (E) dated 15th July, 2013. The salient features of the guidelines are as under: * A company engaged in the business of manufacturing any article or thing (other than alcoholic spirits and tobacco products) or engaged in providing specified services, as listed under Rule 6AAH, shall be eligible for weighted deduction of the expenditure incurred on skill development. * The project should be undertaken in separate facilities in a training institute set up by the Central or State Government or a local authority or a training institute affiliated to National Council for Vocational Training (NCVT) or State Council for Vocational Training (SCVT). Besides Government training institutes, private sector training institutes affiliated to NCVT or SCVT shall also be eligible. * National Skill Development Agency (NSDA) shall be the nodal agency to scrutinize the applications made by eligible companies in Form No. 3CQ. The Central Board of Direct Taxes (CBDT) shall notify the skill development project based on the recommendation of NSDA in this regard. * All expenses (not being expenditure in the nature of cost of any land or building), incurred wholly and exclusively for undertaking a notified skill development project shall be eligible for deduction under section 35CCD,except the expenditure which is reimbursed or reimbursable to the company by any person, whether directly or indirectly. * The company undertaking skill development project shall be required to maintain separate books of account of the project notified under section 35CCD and get such books of account audited. * It is intended that the skill development project shall provide training to potential employees or newly recruited employees. Skill development of existing employees of the company shall not be eligible for notification under section 35CCD, if the training of such employees commences after six months of their recruitment.

PAGE 2. TECOYA TREND, FRIDAY, JULY 19, 2013

Art-Silk
EX-BHIWANDI TAXES/OCTROI EXTRA CENTURY RAYON 75/24 Brt I 503-00 75/24 Brt III 499-00 75/40 Brt I 506-00 75/40 Brt III 503-00 100 Brt I 400-00 100 Brt III 398-00 120 Brt I 388-00 120 Brt III 386-00 120 Dull I 416-00 120 Dull III 411-00 120 COL I 402-00 120 COL III 400-00 150 Brt I 356-00 150 Brt III 354-00 450 Brt I 248-00 450 Brt I 244-00 INDIAN RAYON 75/24 Brt I 503-00 75/24 Brt III 499-00 75/40 Brt I 506-00 75/40 Brt III 503-00 100 Brt I 400-00 100 Brt III 398-00 120 Brt I 388-00 120 Brt III 386-00 120 Dull I 416-00 120 Dull III 411-00 120 COL I 402-00 120 COL III 400-00 150 Brt I 356-00 150 Brt III 354-00 450 Brt I 248-00 450 Brt I 244-00 KESORAM RAYON 75/24 Brt I 501-00 75/24 Brt III 497-00 75/40 Brt I 504-00 75/40 Brt III 501-00 100 Brt I 398-00 100 Brt III 396-00 120 Brt I 386-00 120 Brt III 384-00 120 Dull I 414-00 120 Dull III 409-00 120 COL I 401-00 120 COL III 398-00 150 Brt I 354-00 150 Brt III 352-00 450 Brt I 246-00 450 Brt I 242-00

155 Micro 330 Roto 80/72 Cotluk FD 80/72 Cationic

123-25 119-00 140-50 151-00

Texturised
GREY
80 WEFT 80 WEFT Beekaylon ------Bhilosa -------

RELIANCE INDUSTRIES

RIL - PSF
0.8 Semi Dull 1.0 Semi Dull 1.2 Semi Dull 1.4 Semi Dull 2.0 Semi Dull 1.2 Super HT Brt 1.2 S HT (OW) 1.2 Optical White 1.2 Super Black 1.4 Super Black Tow Normal Tow TBL Tow Super Black 2.0/2.5 TBL 109-00 105-75 105-50 104-75 104-75 110-75 114-50 110-25 121-25 120-25 119-75 129-75 134-50 108-00

RIL - POY
CST price/kg. 51/14 SD -----130/34 SD 117-11 235/34 SD 114-00 250/48 SD -----500/72 SD 112-30 115/108 SD -----160/144 SD -----250/108 SD -----250/288 SD ------

RIL - TEX
80 Weft 80 Roto 80/108 Micro 80/72 Cotluk 80/72 Cationic 155 Weft 155 Roto 128-00 135-00 139-50 ----------121.50 123-25

Bhumi 126-00 Raj Rayon 125-00 SRV 126-00 80 ROTO Beekaylon -------Bhumi 129-00 Raj Rayon 129-00 Sanathan ------SRV 126-00 150 WEFT Beekaylon -------Bhumi 119-00 Raj Rayon ------Sanathan ------Texspun -----SRV 117-00 150 ROTO Beekaylon -------Bhumi 121-00 Raj Rayon 120-00 Sanathan -----Texspun ------SRV 121-00 300 ROTO Beekaylon --------Bhumi --------Raj Rayon ------Sanathan ------Texspun ------SRV 121-00 ALOK INDUSTRIES 75/34 NIM 124.00 75/36 SIM 129.00 80/72 SIM 130.00 80/72 HIM 132.00 75/108 SIM 132-00 75/108 HIM 134-00 75/144 SIM 136-00 75/34 NIM BK DD 134.00 75/34 HIM BK DD 136.00 80/72x2 HIMBK DD 138.00 100/36 NIM 122.00 100/36 HIM 126.00 150/48 NIM 119.00 150/48 SIM 119.00 150/48 HIM 122.00 150/48X2 HIM 122.00 150/300 TW 137.00 150/48 NIM B DD 127.00 150/48 HIM B DD 130.00 150/108 SIM 123.00 150/108 HIM 124.00 150/144 SIM 123.00 150/216 SIM 124.00 150/288 SIM 125.00 150/288 x 2 SIM 127.00 200/48 NIM 117.00 220/48 SIM 118.00 300/72 NIM 116.00 300/72 SIM 118.00 300/72 HIM 119.00 300/216 HIM 122.00 320/72 x 2 NIM 119-00 450/96 HIM 119.00 200/96 SIM B DD 128.00 200/96 HIM B DD 129-00 300/96 HIM B DD 127-00 300/96x2 HIMB DD 127-00 450/192 H BK DD 129-00 220 Easy Yarns 166.00 BHILOSA 79/48 ROTO -----80/48 ROTO -----80/34 R - Dyers -----80/34 WEFT ------

82/34 WEFT -----84/34 WEFT -----78/34 CRIMP S&Z ----100/34 WEFT -----100 ROTO -----75/72 MIC R -----77/72 MIC RO R -----75/108 MIC RO -----79/108 MIC RO -----79/108 MIC W -----82/108 MIC RO -----145/34 RO - Dyer -----150/34 W - Dyers -----325/72 WEFT -----325/72 SEMI RO -----325/72 ROTO -----1/78/72 FD Wing -----1/78/72 FD-Dyers -----WELLKNOWN 80/108/MICRO 136-00 80/34/ ROTO 132-00 80/72/ CATONIC 148-00 80/72/ D CAT 149-00 80/72/FD ROTO 140-00 80/72/D/FDRO 141-00 80/34/BL ROTO 138-00 80/72/BL ROTO 140-00 80/72/DB BL RO 141-00 80/72/ ROTO 134-00 75/36 NIM 126-00 75/36 HIM 130-00 75/108/MICRO 137-00 150/288/MICRO 132-00 150/48/FD ROTO 135-00 150/48/BL ROTO 132-00 150/48/CAT RO 145-00 150/48/ROTO 112-00 150/48/DB ROTO 123-00 150/108/MICRO 124-00 150/108/MIC LIM124-00 150/48/TEX 120-00 320/72/LIM 120-00 320/72/ROTO 122-00 300/72/BL ROTO 132-00 130/DEN HM/GK 150-00 160/DEN DISCAT140-00 80/108 MIC TW 156-00 80/34/ROTO TW 152-00 80/72/FD TW 160-00 80/72/D FD TW 161-00 80/72/CAT TW 168-00 80/72/D CAT TW169-00 80/72/B TW 160-00 80/72/D BL TW 161-00 150/48 RO TW 140-00 150/108/M TW 142-00

2/76 100% P D 254-00 VALSON INDUSTRIES 80/0 115-00 80/0 Roto 117-00 80/300 132-00 75/34 Weft 116-00 75/300 Warp 132-00 80/Royal Warp 140-00 80/72 Royal Wr C 165-00 80/72/0 FD Roto 118-00 80/72/300 FD Ro 142-00 120/108/ RO FD 120-00 120/108/300 FD 142-00 100/72/ Roto FD 122-50 100/2 HIM 118-50 155/34/0 108-00 150/325 Twist 129-00 150/48 Roto 107-00 155/325 Dope Blk 135-00 150/350 Brt 134-00 100/450 Brt -------75/450 Brt -------160/108/300 Micro -------30/1000 --------

Eddri Cot 1405-00 Bhojraj NArendraraja + 1405-00 Kottayam KLRF Sugana

Spun yarns of LENZING FibresViscose, Modal, Tencel For PILLING FREE FABRICS: LongLasst (MVS/Vortex) Yarns Viscose, Modal, P/V, P/C, PSF alakan@pallavaagroup.com Mobile: +91 90470 26711

P/V Yarn
RATES PER KG.
INCLUDING EXCISE

1670-00 SOUNDARARAJA 2/50 65/35 PV 1710-00 2/30 PV 65/35 ------ 2/60 65/35 PV 1650-00 RTM 2/40 PV 65/35 -------1610-00 2/18 PV 65/35 2/60 PV 65/35 -------2/20 PV 65/35

-----------------------------

PC Yarn
SPENTEX (CLC) 20/1 65/35 24/1 65/35 SPENTEX (CLC) 30/1 65/35 205-00 210-00 215-00

Cotton Yarn

38S WEFT 5 KG Cananore Co-Op.1015-00 Hindoostan 1020-00 Malbar 1020-00 Salem 1015-00 Velan 1015-00 38S WARP 5 KG. Arun Kumar 1040-00 GVG 1045-00 34S WEFT 5KG Mada 875-00 Pusad 900-00 Singoda 990-00 40S WEFT CARDED+ CannanoreCo.op.1015-00 Quilon0 1015-00 Malbar 1015-00 Yashwa Ambad 1015-00 40S WARP CARDED+ Annamalai 1065-00 Kumargiri 1060-00 Nellai Cotton 1070-00 42S WP CARD 5 KG. Bhuneshwari+ 1175-00 Cannanore Co. 1190-00 KB 1190-00 Kadri Ambal + 1195-00 Kaleswar B 1190-00 (Excluding excise duty) Kumargiri + 1180-00 SIYARAM Ntyakalani+ 1180-00 150/350 195-00 Pondicheery + 1180-00 150/500 201-00 Rangavilas 1175-00 100/600 235-00 Saraswati + 1145-00 150/350 BRT 203-00 Sanehavali + 1180-00 170 Siyasilk 244-00 Sulzer + 1195-00 80/72/350 R Cot 233-00 Velan 1195-00 80 Roto 199-00 52s Wp Card 5 Kg 80/350 Roto 221-00 Harshveni 1290-00 150/350 Brt SB 207-00 Kaleswara 1285-00 150/350 Brt SQ 211-00 Kadri Ambal 1275-00 170/350 Brt SP-C 205-00 Poineer 1285-00 170/350 Brt SP-V 210-00 64S WP COM 5 KG + 170/350 Brt SP-SK207-00 Annamaliar 1710-00 100/350 Brt SP-S 211-00 Bhagwati --------170/350 B. SP-SK 208-00 GVG 1690-00 170/350 Brt SP-T 212-00 Jaysundaram 1745-00 170/350 Brt SP-ST 212-00 Jaylakshmi 1745-00 150/350 SD Spa-M212-00 Jayijoti 1710-00 170 Siyasilk SP K 264-00 Katari 1710-00 VALSON INDUSTRIES Nagamnachia 1710-00 Rjapalayam 1755-00 DARK 150 Weft 179-00 Silver Raju 1740-00 150/0 184-00 Solingur 1740-00 150/350 191-00 Sundharsnam 1755-00 85 Weft 193-00 60S WT CARD 5KG 85/0 Roto 193-00 CPM-B 1215-00 85/300 205-00 Karur 1215-00 85/ Royal Ro Tw 214-00 Malhalakshmi 1185-00 80/108 Micro 202-50 1210-00 80/108M Ry Ro 218-50 Mettur 1220-00 100/44/300 Mic 219-50 Prakash 1225-00 80/72 Ro Coluk 200-50 Ramnarayan 1230-00 160/108 Micro 193-50 Selam 100/34/600 222-00 Sounder 1225-00 30/0 Roto 299-50 Visalaxmi 1225-00 2/60 100% Poly 251-00 60S/63S WP CARD 5 KG +

Pondicheery 1455-00 Ragwandra 1415-00 Ranilaxmi + 1470-00 Sholingur + 1475-00 90 COM 5 KG + BSM 1640-00 Jayajyothi 1665-00 Lakshmi 1680-00 KRT 1670-00 Renuka 1670-00 Sugana 1670-00 Super 1670-00 Suryaprabha 1760-00 82S/84S WP Ananthakumar 1640-00 Kottayam 1800-00 Laxmi 1505-00 Rajapalayam 1690-00 Ramalinga 1655-00 Suguna 1675-00 80S WT CD 10 LB Cambodia 1330-00 Eddri Cbd. 1340-00 G m --------Ganesh 1335-00 Krishnaveni 1390-00 Meenakshi 1375-00 Pankaj 1375-00 Pondicheery 1380-00 Satya 1375-00 Satyanarayan + 1395-00 Sharda 1335-00 100S COMB 10 LB Eddricot ---------Ganesh 1590-00 Karthikaya 1750-00 Kottayam ---------Laxmi ---------Satya ---------Vrajeswari ---------120S COMB 10 LBS.

ADITYA 2/30 PV 65/35 2/60 PV 52/48 2/60 PV 65/35 2/76 PV 65/35 15s PV 65/35 20s PV 65/35 30s PV 65/35 30s PV 50/50 40s PV 65/35 2/30 65/35 TFO --------------- 15/1PV 65/35 W 170-00 -------- 20/1PV 65/35 W17178-00 2/40 PV65/35 (TFO) --------

-------- 30/1 PV 65/35 W 190-00 GIMATEX IND. 162-00 170-00 186-00 197-00 209-00 195-00

2/40 65/35 N TFO 225-00 2/60 65/35 Airjet 287-00

SPENTEX (CLC) 15/1 100% Poly 152-00 CHENAB/BIRLA 30s 65/35 PV -------- 20/1 100% Poly 160-00 2/18 65/35 PV -------- 30/1 100% Poly 170-00 2/30 65/35 PV -------- 40/1 100% Poly 195-00 2/40 65/35 PV --------

100% POLY P/V Yarn Dyed

GIMATEX IND. 40s POL Magic Slub 203-00

PRIYADARSHINI SPG. 1/30 PV 65/35 183-00 1/40 PV 65/35 200-00 1/45 PV 65/35 -------Pure Silver Metallic Yarn 1/60 PV 65/35 -------- Pure Silver ST Yarn (150 dn) 2/40 PV 65/35 235-00 Pure Silver ST Yarn (180 dn) 2/60 PV 65/35 -------- Pure Silver ST Yarn (225 dn) Pure Silver ST Yarn (300 dn) 2/60 PV 55/45 -------- Pure Silver ST Yarn (600 dn) MX Yarn Silver RSWM 2/24 65/35 PV TFO 190-00 MX Yarn Gold 2/30 65/35 PV TFO 196-00 MX Yarn Colours Metallic Yarn 1/69 Gold 2/40 65/35 PV TFO 226-00 Metallic Yarn 1/69 Silver 1/21 65/35 PV 175-00 Metallic Yarn 1/69 Colours 1/30 65/35 PV 190-00 Metallic Yarn 1/100 Gold 1/30 100% Poly 170-00 Metallic Yarn 1/100 Silver 1/40 100% Poly 195-00 Metallic Yarn 1/100 Colours 1/40 65/35 305-00 2/32 P/V/T NT --------1/21 65/35 PV ---------

Ratan Glitter Industries Metallic & Other Yarns

Rs. 2950/- kg Rs. 1550/- kg Rs. 1450/- kg Rs. 1200/- kg Rs. 1050/- kg Rs. 800/- kg Rs. 335/- kg Rs. 355/- kg Rs. 400/- kg Rs. 330/- kg Rs. 320/- kg Rs. 370/- kg Rs. 320/- kg Rs. 310/- kg Rs. 350/- kg

Texturised DYED

BOOKS OF YOUR INTEREST

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For more Details Write :

TECOYA INFOTECH
D-66, Oshiwara Industrial Centre, Ground Floor, Goreagon (West), Opp. Bus Depot, Mumbai 400 104. Phone : 22-66978535 Fax : 22-28793022 E-Mail : tecoya@vsnl.com

TECOYA TREND, FRIDAY, JULY 19, PAGE 3.

EXPORT PRICES ACME INTERNATIONAL

TYPE 100% Open End in $/Kg 100% Ring Spun Carded Yarn COUNT NE 10/1 NE 12/1 NE 16/1 NE 20/1 NE 24/1 NE 26/1 NE 30/1 NE 40/1 NE 20/1 NE 24/1 NE 26/1 NE 30/1 NE 40/1 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------10 JUNE 2.10 2.20 2.50 3.30 3.40 3.45 3.50 3.95 3.50 3.60 3.65 3.70 4.20

Re appreciation not helping exporters: EEPC

NEW DELHI, JULY 18 A sharp dip in rupee value against dollar and other major currencies has yielded no gains to exporters who are reeling under a severe slowdown in global demand and have seen their shipments drop, calling for very urgent measures from the government and the industry, EEPC India Chairman Aman Chadha has said. We are facing considerable demand problem in external markets and there is, so far, no visible impact of the currency depreciation on our exports, Mr. Chadha said in his presentation before senior officials of the Commerce Ministry yesterday. While rupee has depreciated about 10 per cent in the last two months against the US dollar and From Our Correspondent other major currencies, exports of motor vehicles and aircrafts, engineering products, among the spacecrafts and parts have largest segments of the Indian witnessed sharp decline in merchandise export basket, too exports. sent went down almost in the Out of the 33 engineering same ratio, instead of benefitting panels, 19 engineering panels from currency erosion, EEPC recorded negative growths in the India, formerly known as month of June 2013 as opposed Engineering Export Promotion to 16 such panels in the month of Council said. May 2013. Faced with a difficult Indias overall engineering situation in the developed exports fell by 9.26% to USD markets of the US and the 4223.29 million in June this year European Union, the two main from a revised figure of USD destinations for Indian markets, 4654.47 million achieved during the EEPC is seeking new markets June 2012. The decline has in Africa. exacerbated from -3.15% in May While the overall trade 2013.Average growth rate for the with Africa is much below the first quarter of 2013-14 was - potential, India and Africa can 7.53%. help each other tide over the Important engineering impact of global slowdown, Mr. export segments like iron and Chadha said. steel, products of iron and steel, The continent is copper and copper products, recovering from the global crisis of 2009 and it is sustained even though a new global slowdown is constraining Africas growth, like that of many other regions. With the gradual recovery of North African economies, Africas average growth is expected to rebound to 4.8% in 2013. While keeping an eye on new economic storm clouds in Europe, both India and Africa must keep its focus on reforms that encourage growth and foster bilateral trade and investment between our two regions, EEPC Chairman said. Indias trade with Africa has risen from om 34 Billion USD in year 2008 to 65 Billion USD in year 2012. India and Africa have also revised the bilateral trade targets for Year 2015 to USD 100 billion from the current levels.

100% Ring Combed Yarn

TIRUPATI YARNS - MUMBAI

Indicative Prices (CFR FAR EAST PORT, LC AT SIGHT)
100% Cotton Open End Yarn Ne 10/1 USD Ne 21/1 USD 100% Cotton Carded Ring Spun Yarn 21s USD 32s USD 40s USD 100% Cotton Combed Ring Spun Yarn 30s USD 40s USD 100% Cotton Combed Compact Yarn 60s USD Polyester DTY 75/36 USD 150/148 USD 100% Polyester Ring Spun 30s USD 100% Viscose Ring Spun 30s USD 65/35 Poly/Viscose Ring Spun 30s USD 2.10 2.60 3.15 3.50 3.90 3.90 4.15 5.15 1.98 1.88 2.55 2.70 2.95

Oil prices slip as USD strengthens

SINGAPORE, JULY 18-(AFP) Oil prices eased in Asian trade today as the US dollar strengthened on reassurances by US Federal Reserve chief Ben Bernanke that the bank would retain its easy money policy for now. New Yorks main contract, West Texas Intermediate (WTI) for delivery in August, was down six cents at USD 106.42 a barrel in midmorning trade, while Brent North Sea crude for September shed 11 cents to USD 108.50. Bernanke told Congress yesterday the Fed had no firm timetable for cutting back on its bond purchases, and that it would consider reducing its stimulus programme only if the economy continues to improve. I emphasise that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course, he told the lawmakers. Desmond Chua, market analyst at CMC markets in Singapore, told AFP: There is a dollar factor at play here. Bernankes comments have strengthened the US dollar and that is easing demand for crude. The greenback was changing hands at 99.77 yen in the morning, up from 99.60 yen in New York yesterday. A stronger greenback makes dollar-priced oil more expensive for buyers using weaker currencies, denting demand and pushing prices lower. Analysts however said oil prices will remain supported by signs of stronger demand in the United States, the worlds top crude consumer, as well as fears of a disruption in Middle East supply caused by Egypts political turmoil. High demand in the US and the continuing crisis in Egypt are likely to keep prices elevated in the near term, said Sanjeev Gupta, head of the Asia-Pacific Oil and Gas Practice at consultancy EY, formerly Ernst and Young. The official crude inventories report by the US Department of Energy Wednesday showed supplies in the US fell 6.9 million barrels in the week to July 12.

Sensex jumps 180pts to 6-week high; reclaims 20K mark

MUMBAI, JULY 18 Boosted by fag-end buying spurt, the benchmark S&P Bombay Stock Exchange Sensex Thursday reclaimed the 20,000-mark with a 180-point boost on hopes of continued earnings momentum amid assurances by US Fed about maintaining its stimulus programme. Bluechips including HDFC Bank, ONGC, Infosys, L&T, Bharti Airtel, HDFC, ICICI Bank and SBI together added almost 150 points to the key indexs gains. The 30-share Sensex resumed higher and stayed in positive terrain through the day, before settling at 20,128.41, a gain of 179.68 points, or 0.9 per cent. The index had closed at 20,215.40 on May 30. Wednesday, it gained 0.49 per cent. The week has been intensely volatile on varied cues, both domestic and international, said Amar Ambani, head of research at India Infoline. Dealers expect volatility to perk up on Friday, given the weekly close and results by index major Reliance Industries. The 50-stock CNX Nifty on the NSE climbed 64.75 points, or 1.08 per cent, to end at 6,038.05, a six-week high. The SX40 index on the MCX-SX gained 1.05 per cent. All 13 BSE sectoral indices closed with gains ranging from 0.24 per cent to 2.53 per cent, led by realty, banking, consumer durable, PSU, capital goods and refinery segments. Oil exploration giant ONGC was the top gainer on the Sensex, rising 4.42 per cent, after reports that a foreign brokerage upgraded the stock to buy from outperform. Foreign Institutional Investors (FIIs) sold shares worth Rs 26.09 crore, while domestic institutional investors were net sellers worth Rs 73.86 crore on Wednesday, according to provisional data from the National Stock Exchange. US Federal Reserve chief Ben Bernanke stated yesterday the bank had no plan to wind down its stimulus until the economy was back on track. Global financial services firm Macquarie Thursday lowered Indias growth forecast for this fiscal to 5.3 per cent from 6.2 per cent previously, citing significant capital outflows and rupee depreciation.

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COTTON GREY FABRIC ( SULZER PRODUCTION ) REEDXPICK WIDTH WEA VE Rs./ Meter 10's x 6's 76 x 28 63" DUCK 73-50 16's x 8's 84 x28 63" DUCK 57-50 20's x 20's 108x56 63" 3/1 TWILL 67-00 20's x 330 dn 112x56 63" 2/1 TWILL 64-00 40 c x 40 c 124X64 63" 1/1 PLAIN 65-50 40 c x 40 c 132X72 63" 1/1 PLAIN 73-50 40 c x 40 c 132X72 120" satin 4/1 135-00 MUMBAI, JULY 18 The rupee extended losses for the second day, dropping 33 paise to 59.67 against dollar, after COTTON DYES FABRICS - RUNNING QUALITIES Feds comments strengthened FABRICS WEAVE WEIGHT PRICE EX.MILL the US currency and RBI could CONSTRUCTION (GSM) Exports Domestic drain only a fifth of its Rs 12,0007X7-68X38-58" 3/1 DRILL 370 155-00 crore target in an auction to curb 16X12-108X5-58" 3/1 DRILL 280 130.00 123.00 liquidity. 10X10-68X3-58" 3/1 DRILL 250 125.00 119.00 The losses in rupee in past 16X12-96X48-58" 3/1 DRILL 246 120.00 98.00 two sessions has brought the 20X16/108X56-58" 3/1 DRILL 215 115.00 102.00 rupee close to its levels seen 20X20/108X56-58" 3/1 DRILL 202 110.00 87.00 before RBI had unveiled a slew 30X30/124X64-58" 2/1 TWILL 155 115.00 100.00 of measures to tame the rupee 40x40-132x72-58" 2/1 TWILL 124 volatility. 10X10-68X38-58" 1/1 PLAIN 245 113.00 The rupee today opened 16x16-60x56-58" 1/1 PLAIN 175 100.00 88.00 weak at 59.61 a dollar from 59.34 20x20-60x60-58" 1/1 PLAIN 150 98.00 75.00 previously at the Interbank 30x30-68x68-58" 1/1 PLAIN 105 90.0 71.00 Foreign Exchange Market and 40x40-92x88-58" 1/1 PLAIN 100 moved in a range of 59.49 and 40x40-132x72-58" 1/1 PLAIN 124 108.00 89.50 59.79 before concluding at 59.67, 50x50-132x72-58" 1/1 PLAIN 97 a fall of 33 paise, or 0.56 per cent. 60x60-132x108-58" 1/1 PLAIN 95 115.00 97.00 The dollar index rose 0.16 60x60-92x88-58" 1/1 PLAIN 70 10X06-76X28-58" 2/1 DUCK 300 115.00 per cent against its major rivals 16X08-84X28-58" 2/1 DUCL 215 95.00 as US Federal Reserve Chairman 2/40X2/40-92X72-59" 1/1 PLAIN 210 160.00 135.00 Ben Bernanke yesterday

Re dips 33 p to 59.67 vs USD on Fed comments; RBI auction

reiterated that changes to the central banks bond-buying program would be data dependant. The USD 85-billiona-month buying was instrumental in driving up liquidity in emerging market and an early withdrawal is feared to hit flows. Persistent dollar demand from importers, mainly oil refiners and some banks, in view of the firm dollar overseas, affected the rupee, a forex dealer said. The rupee depreciated against the US dollar today due to local as well as global factors. On the local front, the RBI auction results...came as a negative factor for the rupee, said Abhishek Goenka, founder & CEO, India Forex Advisors. As per RBI website, the central bank accepted bids for Rs 2,532 crore worth of bonds compared with Rs 12,000 crore on offer. The sale was one of the steps taken by RBI to reduce volatility in the exchange rate. The Reserve Bank of India, which announced measures on Monday evening to address exchange rate volatility by curbing liquidity, yesterday said it would conduct a special 3-day repo at an interest rate of 10.25 per cent for Rs 25,000 crore to allow banks to meet the requirements of mutual funds. The benchmark Sensex stock index rallied 0.9 per cent to close at a six-week high of 20,128.41. The trading range for the spot USD/INR pair is expected to be within 59.20 to 60.00, said Pramit Brahmbhatt, CEO, Alpari Financial Services (India). Forward dollar premiums moved down on sustained receipts by exporters. The benchmark six-month forward dollar premium payable in December ended down at 1971/2-202-1/2 paise from Wednesdays close of 200-210 paise. Far-forward contracts maturing in June declined to 399404 paise from 403-413 paise. The RBI fixed the reference rate for the dollar at 59.7120 and for the euro at 78.2195. The rupee remained weak against the pound sterling, falling to 90.75 from the previous close of 90.35, and dropped against the euro to 78.18 from 78.00. It was slightly lower against the Japanese yen at 59.61 per 100 yen from 59.54.

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Prices decline
By Cotton Man MUMBAI, JULY. 18The cotton prices today declined at all the major markets on lacklustre conditions. Arrivals were: North Zone 150; Gujarat-3000;Mah-2500; Orissa0; Karnataka-500, AP:-2500, Tamil Nadu 500 . MP-500; The total arrivals were;9650;bales today. The northern varieties are quoted in maund while other varieties are in candy. The kapas & seed prices are quoted in quintal. PUNJAB Karna MECH-1 28 mm ------July- 2013 Kar DCH-32 34/35 mm 46000 J-34 (RG)Ready (SG) Ready HARYANA JULY- 2013 J-34 (RG) Ready J-34 (SG)July-2013 J-34 (RG) (Ready) J34 (SG) (Ready) 4440-4460 4400-4450 4380 4340 4470-4560 4430-4530 TN DCH-32 35 mm -------

Unity fashionable affluent trend report decodes affluent consumers fashion choices & shopping mindset thru 2014
From Tecoya NewsDesk and her needs Fashion designers in general have been slow to MUMBAI, JULY 18 It should come as no surprise that the moneyed class shop for embrace the customer who doesnt fit the body image that they like fashion more frequently and more fervently than any customer to see on the runway which is young and thin, Danziger explains. segment in the market. In 2012 the affluent consumers, defined as Traditionally the fashion business has been a youth-skewing those at the top 20 percent of U.S. households based on income, business with styles fitted to a younger womans figure. But in this accounted for about 40 percent of the total $361.2 billion fashion survey we found mature women aged 55-70 years were just as active market, according to a new report from Unity Marketing. planning clothing purchases as those aged 24-34 years. Retailers And the affluents generous spending was responsible for the and designers need to be ready to meet this overlooked customer lions share of growth in the fashion market in 2012 as well. The segment with fashions styled and sized for her and appropriate for overall fashion market posted 4.8 percent growth year-over-year, her lifestyle. while the affluent segment spent 8 percent more from $131.9 billion in * The affluent, just like the rest of us, want to save when 2011 to $142.5 billion in 2012. shopping for fashion While the affluent have plenty of money to That puts into perspective the importance of a new study of spend, they simply dont want to pay full price when it comes to the high-end fashion customer from Unity Marketing, entitled The fashion, Danziger reveals. Affluents estimate that more than half of Fashionable Affluent: Decoding the Fashion Choices of Affluent the fashion items bought in the past year were on sale or at a discount. Men and Women Shoppers. The affluent fashion shoppers are the Further store sales and discounts are a key factor that sends them to heavy lifters in the consumer economy, who account for a far greater the store to shop. In the latest survey price rose in relative share of any companys revenues and profits, whether they importance in the affluents purchase decision, as compared with a intentionally target the affluent segment or not. similar survey conducted in 2011. Todays affluent shopper is far Marketers need to understand the current mindset of fashion more interested in finding attractive styles sold at discounted prices. shoppers in order to create successful marketing and branding Designers and retailers that hit the right combination of price and strategies style, coupled with a strong designer brand will attract more of his Based upon a survey of 1,269 affluent consumers (average or her spending. income $264,300; 42 percent male/58 percent female; 46 percent aged Three unique personality segments in the fashion market are 24-44 years/54 percent aged 45-70) Unity Marketing took the pulse studied Successful marketers must understand how to sell to each of the customers that matter most to fashion retailers, marketers and The Fashionable Affluent report also explores the prevalence designers: shoppers with discretionary income that allows them to of three distinct personalities of fashion shopper and their unique update their wardrobes at will. Three-fourths of the luxury consumers shopping patterns. Only about one-fourth of the affluent consumer surveyed plan to make a fashion purchase over the next twelve market is defined as a fashion-forward shopper, who spends lavishly months. Further 25 percent of planned clothing buyers and 20 percent and shops often for new fashion items. The other two personalities, of fashion accessories buyers expect to spend more in the coming fashion pragmatist and fashion minimalist, both spend far less on year as compared to last; a very positive perspective, says Pam fashion than the fashion-forward personality, thus challenging Danziger, president of Unity Marketing and lead researcher in the designers, retailers and marketers in how to encourage them to buy new investigation. their wares. Customizing customer service to each personality is But marketers shouldnt make the mistake to think it will be key. easy to get their share of the affluents bigger fashion budget through The report identifies the store sales associate and customer 2014. There are significant challenges ahead given the current mindset service as critical in turning lookers into buyers. Fashion sales of these shoppers, Danziger warns. Our aim in this study is to put assistants need to be trained to understand the different types of some of the common misconceptions about the well-off fashion fashion customers and how best to sell to their unique consumer customers to rest and reveal the true profile of the affluent customer psychology. A highly-confident fashion-forward personality is who will be shopping in the future. looking for something entirely different when shopping than is the Among the key findings: minimalist or the pragmatist. One-size-fits-all sales efforts will not be * Womens and mens fashion profiles vary widely When it effective. Retailers need to work with their sales staff to understand comes to fashion shopping, men are definitely from Mars, and women the different types of fashion customers and to service each of them from Venus, Danziger says. Women are far more likely to plan to properly in order to satisfy their special needs and desires, Danziger shop for casual clothing, while men will invest more in professional, concludes. business attire. Fashion accessories remain the obsession for women, This report provides marketers, retailers and their advertising but with a planned accessories budget averaging about $1,500 in the partners with direction for what the fashionably affluent male and coming year, that doesnt allow for the purchase of too many Louis female shopper expects in terms of fashion designs, styles, price Vuitton purses or pairs of Louboutin heels. and especially service when shopping to update their wardrobes. * Time for fashion designers to recognize the mature woman #

CCI RATES
SIRSA J-34 DR SPL (New) J-34 DR SPL (New) SRIGANGANAGAR J-34 DR SPL (New) J-34 DR SUP (New) ----------37000 ------------------------------------------------

RAJASTHAN (SGNR LINE)

RAJASTHAN (HANUM LINE) RAJKOT J-34 (RG) (Ready) 4460 S-6 SUP (New) J-34 (SG) (Ready) PUNJAB Desi (SG) Desi (RG) HARYANA Desi (SG) ----------Desi (RG)(Reade) Desi (RG) Desi (SG) OTHER STATES Guj S-628mmaverage .Q. Guj Kapas S/629mm Guj. V-797 41000 V-797 ------- Jayadhar ----------------------4420 S-6 A ADILABAD BB MOD (New) BB PRM MOD (New) WARANGAL

BB MOD (New) ---------- GUNTUR RAJASTHAN (SGR LINE) BB MOD (New) 4125 4175 BB PRM MOD BB PRM CONV ( Per Candy)

SICA RATES 30500 32200 42634 40400 42500 43000 52000

29700 J-34 (SG) (New) Mah MECH 28 mm3.5mic 41200 MECH-1/H-4 (New) Maha Bunny29mm 3.7mic 41800 Sankar-6(New) 2 MP DCH-32 34/3.5mm ------- MCU-5 MP Bunny29mm3.8mic Mah.Bani28.5mmNew 42300 ------DCH-32 as on 16-07-2013 Oct Dec Mar 13 13 14 84.07 84.67 82.17 81.50

NEW YORK -60 -70 -63

MP MECH-1 28 mm3.5mic 41200 MP Bunny 29 mm3.7mic 43000 MP DCH-32 34/35mm AP MECH-1 27/28 mm AP MECH-1 29/30 mm 53000 -------43400

SBI says no liquidity squeeze so far on RBI moves

-64 MUMBAI, JULY 18 Countrys largest lender AP MECH-1 30/31 mm 44000 Jul 14 81.09 -68 State Bank of India today said it AP MCU-5 31/32 mm 44000 Oct 14 77.80 -103 is not impacted much by the Kar Jaydhar 33000 Dec 14 76.92 -119 recent liquidity tightening measures taken by the Reserve Karna Bunny 30 mm 43600 Mar 15 77.04 -119 Bank to curb rupee volatility. Karna MECH-1 29 mm 43300 May 15 77.05 -119 As far as SBI is concerned, we have not seen anything adverse. The same liquidity condition which we had State Grade Staple Mic Per Candy last week continues this week, P/H/R ICS-101 Below 5.0-7.0 39900 SBI Managing Director and Head 22mm of National Banking A P/H/R ICS-201 Below 5.0-7.0 40900 Krishnakumar told reporters on 22mm the sidelines of an industry event GUJ ICS-102 22mm 4.0-6.0 29100 here. KAR ICS-103 23mm 4.0-5.5 32800 On the day RBI announced M/M ICS-104 24mm 4.0-5.5 38200 a slew of measures to suck P/H/R ICS-202 26mm 3.5-4.9 41400 liquidity from the system to stem M/M/A ICS-105 26mm 3.0-3.4 38600 rupee volatility, a senior SBI M/M/A ICS-105 26mm 3.5-4.9 39700 official had told PTI that the bank P/H/R ICS-105 27mm 3.5-4.9 41900 was carrying an actual lendable M/M/A ICS-105 27mm 3.0-3.4 40200 surplus of Rs 20,000 crore. M/M/A ICS-105 27mm 3.5-4.9 41200 The central bank had on P/H/R ICS-105 28mm 3.5-4.9 42300 Monday announced many M/M/A ICS-105 28mm 3.5-4.9 41800 surprise measures to curb rupee GUJ ICS-105 28mm 3.5-4.9 41900 volatility which fell to an all-time M/M/A/K ICS-105 29mm 3.5-4.9 42300 low of Rs 61.21 on July 8 against GUJ ICS-105 29mm 3.5-4.9 42400 the US currency. M/M/A/K ICS-105 30mm 3.5-4.9 42800 The RBI raised the shortM/M/A/K/T/O ICS-105 31mm 3.5-4.9 43000 term rates by 2 per cent to 10.25, K/A/T/O ICS-106 32mm 3.5-4.9 44300 putting a cap on borrowing from M(P)/K/T ICS-107 34mm 3.0-3.8 52200 repo at Rs 75,000 crore and also Printed, Published and Edited by Rakesh L. Sharma on behalf of announced sale of Rs 12,000 crore TECOYA TREND PUBLICATIONS PVT. LTD. from D-66, Oshiwara worth of government bonds to Industrial Centre, Andheri Malad Link Road, Mumbai 400 104 and squeeze out liquidity from the Printed at TECOYA TREND PUBLICATIONS, D-66, Oshiwara system, with an aim of curbing Industrial Centre, Andheri Malad Link Road, Mumbai 400 104 speculative trades in rupee. May 14

Moodys warns rupee fall may constrain sovereign rating

MUMBAI, JULY 18-(PTI) The rupee fall may constrain countrys sovereign credit rating, as it will exacerbate inflationary and fiscal pressures, even though forex currency denominated debt is only around 6 per cent of total government debt, Moodys warned today. It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth. Foreign currencydenominated debt is only about 6 per cent of the total government debt, so depreciation will not materially increase the sovereigns debt repayment burden. However, depreciation will exacerbate inflationary and fiscal pressures, both factors that constrain the countrys present Baa3 rating, Moodys said in a note today. It warned: The rupee depreciation and its likely impact on inflation and financial stability may thus keep domestic borrowing costs high, and extend the current slowdown. However, the steep fall will raise the cost of servicing foreign currency government debt though it cannot have any major material impact on debt repayment burden, it added. Noting that the rupee fell 9.3 per cent between May 15 and July 15, Moodys said the currency fall could increase the debt repayment and input costs for some firms, adding to the current economic stress. Even though nongovernment external debt is a relatively modest 16 per cent of GDP and it is not the primary source of financing for the majority of the private sector, the credit impact of depreciation will be greater on specific firms than on the larger economy, it added. On the future of the rupee, it said: Though the recent measures, including those to adjust rupee liquidity and increase foreign capital inflows may arrest the pace of depreciation, the subdued growth environment, continuing global volatility, and domestic political uncertainty ahead of the 2014 national elections will limit the chances of significant appreciation this year. On the battering of the rupee, Moodys said the main reason for the trouble is opening up of the countrys trade and financials and not a deterioration in the macroeconomic characteristics. This opening has resulted in occasionally steep currency adjustments to reflect the increasing interface between domestic and global trends, it said, noting that the 2008 crisis had contributed to 27 per cent fall in the rupee in FY08, while a combination of global and local factors shaved another 12 per cent off the currency in FY11. The Moodys report also said that the rupee fall will not help much in narrowing down Indias high Current Account Deficit which was 4.8 per cent in FY13, given the subdued global growth outlook and price inelasticity of some major imports, preventing an accelerating in exports or lowering imports significantly in the near term. The currency pressure will jack up inflation due to rising imports costs.

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