>>
Home / Knowledge / News / Textiles / Bilateral trade with Czech Republic crosses US $1 billion

Bilateral trade with Czech Republic crosses US $1 billion

18
Nov '08
Shri Kamal Nath, Union Minister of Commerce & Industry, has stated that there is a need to develop diversified economic relations and at the same time continuous efforts are needed at bilateral and multilateral levels.

During his bilateral meeting with Mr. Martin Riman, Czech Trade Minister, here today, he informed that today our bilateral trade has crossed US $ 1 billion and is increasing rapidly.

Speaking on the present global financial crisis, Shri Kamal Nath stated that it is a global challenge; however, at the same time it provides an opportunity to architect a new global financial system. He further emphasised that India's economy is domestic demand driven and, therefore, there is lesser impact of the prevalent global recession. Yet it is taking away a good one-percentage point from our GDP, which is now estimated to grow this year between 7–7.5%.

“We have taken a number of steps to ease credit flows and more steps on slackening interest rates, making fresh investments in infrastructure sectors, reducing inflations, rejuvenating market sentiments, boosting investor confidence and supporting export oriented industries are in the pipeline”, he said

Major items of Indian Exports to Czech are: Iron and Steel, Articles of apparel and clothing accessories, Textile yarn, fabrics, made-up articles, Electrical machinery, apparatus and appliances, Power-generating machinery and equipment, Medical and pharmaceutical products.

Major Items of Indian Imports from Czech are: Machinery specialized for particular industries, Power-generating machinery and equipment, General industrial machinery and equipment, Organic chemicals, Metalworking machinery.

There is growing Indian investment in Czech Republic, which includes the entire spectrum from steel to IT to truck manufacture. Indian companies are also present in automobile spare parts, tea, textiles and pharmaceutical sectors. During this year, some new Indian companies have established presence in Czech Republic, apart from Mittals, TATA, Infosys.

As regards the Czech investment in India, Skoda auto is a success story. India has emerged as a global hub for supply of spare parts for Auto industry. Reliable suppliers are available in India for increased sourcing by Skoda Auto for their Indian operations as well as global exports.

Press Information Bureau


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

China reiterates call for tariffs cut after US official’s statement

After US treasury secretary Janet Yellen called for tariffs cuts on...

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl in...

William Lundgren, Label - Bite Studios

William Lundgren
Label - Bite Studios

BITE Studios is a Sweden-based luxury womenswear label with a mission to...

Alvaro Mars, Label -  Alvaro Mars

Alvaro Mars
Label - Alvaro Mars

Alvaro Mars is designer of his eponymous and a non-binary brand that plays ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

LC Waikiki
COTTON COUNCIL INTERNATIONAL
Color Service s.r.l.
Brandix Lanka Limited
Datacolor AG Europe
Messe Frankfurt Exhibition GmbH
UBM China (Shanghai)
Jiangsu Yingyang Nonwoven Machinery Company Limited
Esprit Europe Services GmbH
EPCH
Marzoli Machines Textile s.r.l.
Groz-Beckert East Asia LLP
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Gap International Sourcing Limited
Green Fibre
NV Michel Van de Wiele
Shanghai  Aige Exhibition Service Co., Ltd
EMBEE CORPORATION
Decathlon
Hirdaramani International Export Private Limited
Applied DNA Sciences Inc
IDH – The Sustainable Trade Initiative
Inter Expo Center Ltd.
Sateri (Jiujiang) Fiber Co.,Ltd
IFF Media Ag - International Media Services
ZAITEX spa
Walmart
Target Corporation (MN)
Dow Silicones Corporation
Sportswear Company Spa
Indofil Industries Limited - Specialty & Performance Chemicals Division
DuPont de Nemours, Inc.,
Pt. Peraga Nusantara Jaya Sakti
TESCO INTERNATIONAL SOURCING LIMITED
Officina Meccanica Dora Enrico Srl
Tommy Hilfiger
Boardriders Asia Sourcing Limited
Performance Days
Rieter India Private Limited
KIABI
Messe Duesseldorf
Cat Tuong Real Estate Group Joint Stock Company
Coats Digital Limited
Phong Phu international JSC (PPJ)
FESPA (Reigate)
Babyshop
Guess Europe Sagl,
Infor (Hong Kong) Limited
Eastman Chemical Company
FULGAR SpA
Under Armour Global Sourcing Ltd
Thai Acrylic Fibre Company Limited
John Varvatos
Grasim Industries Limited
X-Rite Asia Pacific Limited (HK)
Shima Seiki Mfg. Ltd.
Lifestyle
Asos
Colours India Inc
Stahl Holdings B.V.,
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
TÜYAP IHTISAS FUARLARI A.S.
Varner AS Retail
Newtech Textile Technology Development (Shanghai) Company Limited
EUROVET ASIA LTD
Hela Clothing Pvt Ltd
J ;& P Coats
Zünd Systemtechnik AG
Meera Dyestuff Industries
Abit
Brückner Trockentechnik GmbH & Co. KG
Savio Macchine Tessili S.P.A.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Comasia Limited
Lisa S.P.A.
Amazon China
Alison Hayes Romania
T.T. Limited
Italian Trade Commission
Zydex Industries
GERBER TECHNOLOGY LTD.
TESTEX AG, Swiss Textile Testing Institute
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Itema Weaving (India) Private Limited
Splash
Permoda(Koaj/Armi/Pronto/Bkul)
Lenzing Aktiengesellschaft
Aleph Srl
THE BOMBAY DYEING ;& MFG.CO. LTD
Maceton Limited
Karl Mayer Textilmaschinenfabrik GmbH
Thermore (Far East) Ltd.
G.A.S. unternehmenskommunikation gmbh
Lacoste (Wanchai)
GHCL LIMITED
G-Star Raw C.V.
IKEA of Sweden AB
Bluestem Global Sourcing Limited
Chori Company Limited
Benetton Group
Datatex Consulting Srl
TEXVALLEY MARKET LIMITED
MAS Active / MAS Kreeda / MAS Bodyline
Lottmann Communications
Woolmark Services India Pvt. Ltd.
Etam Group Strategy Hong Kong Limited
China World International Exhibition Company Limited
Kornit Digital Asia Pacific Ltd
Sportmaster Ltd.
N9 World Technologies Private Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
APLF Limited
The LYCRA Company Singapore  Pte. Ltd
CGS Inc.
Equinox Impex India
Indo Tex
Reiter India Private Limited
Mayer & Cie. GmbH & Co. KG
PVH Corporation
Calvin Klein
International Textile Manufacturers Federation
C;&A Sourcing International Ltd
Lululemon Athletica Inc
Aquarelle Clothing Limited
BTSR International S.P.A.
Weitmann & Konrad GmbH & Co. KG
Seasalt Limited
BTC Textiles LLC
Tory Burch Hong Kong Ltd
IIGM Private Limited
Sainsbury's Argos Asia Limited
Desigual - ABASIC, S.A.
BRINKMANN GMBH
BIANCA
Haelixa AG
Bluesign Technologies Ag
Flainox S.r.l.
Loris Bellini S.r.l.
Tradewind International Servicing
Lectra Technologies India Pvt Ltd.
Rosset ;& Cia Limited
Mesdan SPA
KAS Direct Sourcing
Truetzschler India Private Limited
Nihalani Events Management
Jindal Worldwide Limited
Xtema - Thomas Lebherz Textilmaschinen
Groz-Beckert KG
Saurer Textile Solutions Pvt. Ltd.
USTER
JES MEDIA, INC
SHAHI Exports Pvt Ltd
Chico’ FAS
BIMBA ;& LOLA SL
VNU Exhibitions Asia
Alix Partners
Helly Hansen Far East Ltd
Aramark Uniform ;& Career Apparel, LLC
Vianney Textil Hogar S.A. De C.V.
The LYCRA Company Singapore  Pte. Ltd
Rayonese Textile Inc., Division de Culp Inc.
The Top Form Brassiere Manufacturing Company Limited
ITMA Services Pte Ltd
K AND D ITMACH EXPOSITIONS LLP
GIOVANNI BOZZETTO S.p.A.
Thai Trade Center
Kern – Liebers Textile
Copenhagen Fashion Summit
Gloria Jeans
Palexpo SA
Gatsby Africa
Landmark Group
OVS Hong Kong Sourcing Ltd.
Istanbul Fuarcilik A.S.
Gokaldas Exports Limited
NITI Aayog
Huntsman (Singapore) Pte Ltd
Vardhman Textile Ltd
Centric Software
Page Industries Limited (Bangalore)
Recron Polyester from Reliance Industries Limited
Arvind Limited
Puma
Restoque S.A.
CSGIA(China Screen Printing & Graphic Imaging Association)
Tuyap Tum Fuarcilik Yapim A.S.
H. Stoll AG & Company KG
International Sourcing Expo Australia
Recron Polyester from Reliance Industries Limited
SYNERGIES HONG KONG LIMITED
Lenzing Aktiengesellschaft - India
DyStar India Pvt. Ltd
Nandan Denim Limited
Tchibo GmbH
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Midas Clothing Limited
Eurofins BLC Leather Technology Centre Ltd

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search