>>

Home / Knowledge / News / Textiles / Repo should not be more than 3 to 4% - Gangotri Textiles

Repo should not be more than 3 to 4% - Gangotri Textiles

16
Dec '08

Mr Manoj Kumar Tibrewal, Managing Director, Gangotri Textiles

Recession has created a 'Fear Factor' among people across India as it has brought along with it a sense of financial insecurity.

In an effort to create more liquidity into the financial system and give fillip to the sinking economy due to recession, Reserve Bank of India on Saturday announced to reduce the repo rate by 100 basis points from 7.5 percent to 6.5 percent and the reverse repo rate from 6 percent to 5 percent from December 8.

While speaking exclusively to Fibre2fashion.com, Mr Manoj Kumar Tibrewal, Managing Director, Gangotri Textiles, stated, “This is a welcome step, as it will help the textile industry by lowering interest cost. But, this cut is too small at present, as for the manufacturing sector, the interest has to fall substantially. Sooner it is done earlier will be the revival of manufacturing which is under tremendous stress now.”

Mr Tibrewal continues, “The interest rate in America and Japan is zero and in UK it is mere one percent. So in India also it should not be more than 3-4 percent when compared to the current rate of 12 percent.”

Fibre2fashion News Desk - India

More Gangotri Textiles Ltd News... More Textiles News - India...

Must ReadView All

Pic: White House

Textiles | On 23rd May 2022

President Biden, 12 Indo-Pacific partners launch IPEF in Tokyo

US President Joe Biden along with a dozen initial partners—India,...

Pic: Shutterstock

Textiles | On 23rd May 2022

UK & Mexico begin negotiations on modern trade deal

UK and Mexico have launched negotiations on a new UK-Mexico Free...

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Interviews View All

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Herve Orzech,

Centric Brands LLC is a leading lifestyle brand collective that designs,...

Ishak Aydin Ozturk,

Ishak Aydin Ozturk

<font face="Calibri, sans-serif">Innovative pioneer in textile production, ...

Zuzana Gombošová,

Zuzana Gombošová

Started as a research project in 2015, everything at Malai starts with...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

Paul Gaudio
Brand - Unless

Former global creative director of Adidas and current Co-founder of...

Maria Camila Giraldo
Brand - Pam & Gela

Maria Camila Giraldo is a Colombian actress, writer and entrepreneur...

Press Release

Letter to Editor

RSS Feed

Search Companies

Leave your Comments

ESTEEMED CLIENTS

Vardhman Textile Ltd

CSGIA(China Screen Printing & Graphic Imaging Association)

Gap International Sourcing Limited

Loris Bellini S.r.l.

N9 World Technologies Private Limited

John Varvatos

UBM China (Shanghai)

ITMA Services Pte Ltd

APLF Limited

Arvind Limited

Color Service s.r.l.

Lisa S.P.A.

Performance Days

Alix Partners

THE BOMBAY DYEING ;& MFG.CO. LTD

Permoda(Koaj/Armi/Pronto/Bkul)

Datacolor AG Europe

Boardriders Asia Sourcing Limited

Landmark Group

Deckers Outdoor (Guangzhou) Consultant Co., LTD.

Grasim Industries Limited

Guess Europe Sagl,

Inter Expo Center Ltd.

Groz-Beckert KG

Shima Seiki Mfg. Ltd.

G-Star Raw C.V.

Walmart

Maceton Limited

MAS Active / MAS Kreeda / MAS Bodyline

Splash

Helly Hansen Far East Ltd

Pt. Peraga Nusantara Jaya Sakti

Asos

Thermore (Far East) Ltd.

Meera Dyestuff Industries

China World International Exhibition Company Limited

Gloria Jeans

Saurer Textile Solutions Pvt. Ltd.

IDH – The Sustainable Trade Initiative

Datatex Consulting Srl

Copenhagen Fashion Summit

EPCH

Haelixa AG

Lectra Technologies India Pvt Ltd.

Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)

Lenzing Aktiengesellschaft - India

Green Fibre

Rieter India Private Limited

ZAITEX spa

Tory Burch Hong Kong Ltd

Italian Trade Commission

Aramark Uniform ;& Career Apparel, LLC

Xtema - Thomas Lebherz Textilmaschinen

BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES

Palexpo SA

Vianney Textil Hogar S.A. De C.V.

H. Stoll AG & Company KG

Sateri (Jiujiang) Fiber Co.,Ltd

Calvin Klein

Rosset ;& Cia Limited

Hela Clothing Pvt Ltd

BRINKMANN GMBH

Midas Clothing Limited

Brandix Lanka Limited

Benetton Group

G.A.S. unternehmenskommunikation gmbh

Itema Weaving (India) Private Limited

JES MEDIA, INC

The LYCRA Company Singapore Pte. Ltd

Woolmark Services India Pvt. Ltd.

Chori Company Limited

$Indo Tex$

BIMBA ;& LOLA SL

BTSR International S.P.A.

K AND D ITMACH EXPOSITIONS LLP

X-Rite Asia Pacific Limited (HK)

VNU Exhibitions Asia

Stahl Holdings B.V.,

HYOSUNG CORPORATION INDIA PRIVATE LIMITED

Shanghai Aige Exhibition Service Co., Ltd

Tuyap Tum Fuarcilik Yapim A.S.

NV Michel Van de Wiele

Lacoste (Wanchai)

Karl Mayer Textilmaschinenfabrik GmbH

Thai Trade Center

Istanbul Fuarcilik A.S.

COTTON COUNCIL INTERNATIONAL

Centric Software

GERBER TECHNOLOGY LTD.

Lifestyle

Sainsbury's Argos Asia Limited

Kornit Digital Asia Pacific Ltd

J ;& P Coats

SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD

Zünd Systemtechnik AG

KAS Direct Sourcing

The Top Form Brassiere Manufacturing Company Limited

Huntsman (Singapore) Pte Ltd

Esprit Europe Services GmbH

Under Armour Global Sourcing Ltd

Gokaldas Exports Limited

CGS Inc.

SHAHI Exports Pvt Ltd

KIABI

Gatsby Africa

Bluesign Technologies Ag

TEXVALLEY MARKET LIMITED

T.T. Limited

Varner AS Retail

Jindal Worldwide Limited

Nandan Denim Limited

Infor (Hong Kong) Limited

OVS Hong Kong Sourcing Ltd.

Flainox S.r.l.

Taiwan Textile Federation (TTF)

Truetzschler India Private Limited

H;&M Hennes ;& Mauritz (Far East) Ltd

C;&A Sourcing International Ltd

IKEA of Sweden AB

The LYCRA Company Singapore Pte. Ltd

Sportswear Company Spa

IFF Media Ag - International Media Services

Puma

LC Waikiki

Marzoli Machines Textile s.r.l.

Amazon China

Zydex Industries

Seasalt Limited

BTC Textiles LLC

Tradewind International Servicing

Phong Phu international JSC (PPJ)

PVH Corporation

Hirdaramani International Export Private Limited

Sportmaster Ltd.

International Textile Manufacturers Federation

Weitmann & Konrad GmbH & Co. KG

Tchibo GmbH

Messe Frankfurt Exhibition GmbH

Coats Digital Limited

Eastman Chemical Company

Abit

Rayonese Textile Inc., Division de Culp Inc.

Restoque S.A.

Colours India Inc

USTER

Lenzing Aktiengesellschaft

Messe Duesseldorf

Reiter India Private Limited

Aleph Srl

DuPont de Nemours, Inc.,

BIANCA

Groz-Beckert East Asia LLP

Thai Acrylic Fibre Company Limited

Jiangsu Yingyang Nonwoven Machinery Company Limited

Eurofins BLC Leather Technology Centre Ltd

Equinox Impex India

IIGM Private Limited

Target Corporation (MN)

Chico’ FAS

GHCL LIMITED

Etam Group Strategy Hong Kong Limited

Comasia Limited

DyStar India Pvt. Ltd

Tommy Hilfiger

Page Industries Limited (Bangalore)

EUROVET ASIA LTD

Recron Polyester from Reliance Industries Limited

TÜYAP IHTISAS FUARLARI A.S.

Indofil Industries Limited - Specialty & Performance Chemicals Division

Decathlon

Cat Tuong Real Estate Group Joint Stock Company

Officina Meccanica Dora Enrico Srl

FULGAR SpA

Lululemon Athletica Inc

Savio Macchine Tessili S.P.A.

Mayer & Cie. GmbH & Co. KG

Lottmann Communications

TESCO INTERNATIONAL SOURCING LIMITED

Mesdan SPA

Applied DNA Sciences Inc

TESTEX AG, Swiss Textile Testing Institute

Desigual - ABASIC, S.A.

GIOVANNI BOZZETTO S.p.A.

Kern – Liebers Textile

Newtech Textile Technology Development (Shanghai) Company Limited

Bluestem Global Sourcing Limited

Babyshop

NITI Aayog

Aquarelle Clothing Limited

EMBEE CORPORATION

Nihalani Events Management

Recron Polyester from Reliance Industries Limited

Brückner Trockentechnik GmbH & Co. KG

SYNERGIES HONG KONG LIMITED

International Sourcing Expo Australia

Alison Hayes Romania

FESPA (Reigate)

Dow Silicones Corporation

Recommended

May 2022

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

Woolmark

X

Advanced Search

Category

SubCategory

Country

Year

Month

Type

Company