There are signs of recovery from the global crisis as the index of industrial production rose 1.4 percent the first gain in 17 monthsEleven of 17 industry groups showed, according to new data from the Organization of Economic Cooperation and Development (OECD).

Eleven of 17 industry groups showed a positive growth in April, compared to the same time last year.

The furniture and fixtures sector showed the highest growth at 31.4 percent, followed by wool, silk and man-made fiber textiles, with a 12.6 percent growth rate, said the International Business Times.

On the other hand, food product production showed a negative growth of 34.4 percent, followed by a 12.4 percent decline in leather and fur products.

Tags: global crisis, industrial production, textiles
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Indian SMEs have major opportunities for trade with Tajikistan, especially in textiles and information technology, Saidov Saidbeg, Tajikistan’s Ambassador to India said during a PHD Chamber meeting in New Dehli.

The ambassador also mentioned trade possibilities in other sectors such as pharmaceuticals and agriculture items including rice, coffee and meat. Considerable trading is already happening between the two countries, with export-import activity generating more than $60 million. Ninety percent of Tajikistan’s imports come from India.

Companies like MMTC and the State Trading Corporation of India are exploring more joint ventures and trading possibilities.

Tags: agriculture items, Indian SMEs, information technology, MMTC, pharmaceuticals, State Trading Corporation of India, Tajikistan, Tajikistan’s imports, textiles, trade
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The government will announce sector-specific stimulus packages over the next four to six weeks in addition to the two previous packages to protect jobs, said Ashwani Kumar, the Minister of State for Industries in an article published by  (http://smetimes.tradeindia.com/smetimes/news/top-stories/2009/Feb/02/special-packages-to-protect-jobs-soon-ashwani-kumar.html)

The government is considering a package to support small business owners, specifically the export industry, which has posted negative growth for three straight months.

“The proposed stimulus packages will focus on export-oriented sectors as well as industries that employ a large number of people, like automobile, textiles, leather and construction,” said Kumar after inaugurating the 24th India International Leather Fair.

According to him, the government’s focus is to protect and minimize job losses rather than offer subsidies to the industries.

Tags: 24th India International Leather Fair, automobile, export industry, leather and construction, sector-specific stimulus packages, small business owners, textiles
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