Even as the Rs 125,000-cr chemical
industry has welcomed the Government’s efforts to set up a new
task force to give a fillip to the industry and make it more
competitive, a cross section of players in the industry seem
to be united in opposing the proposed Energy Conservation Bill
2000.
Coffee prices in the international
markets have fallen to 30-year low amid all round trade selling
and nervous long liquidation. Coffee futures traded at London
plunged to new 30-year lows on Thursday, dogged by a global
oversupply of Robusta beans and bearish sentiment.
Cotton yarn exports from India
will fall by 6 to 7 per cent in 2001 compared to the previous
year, the Cotton Textile Export Promotion Council (Texprocil)
has indicated.
Severe competition from countries
like China and Bangladesh coupled with a slowdown in the US
economy has hit the Indian apparel exports during the period
January-June 2001 badly.
