Most big companies operating in sectors at high risk of labor abuses are failing to meet human rights standards set by the United Nations, according to an analysis of 100 major companies published on Monday.
India has paid out far more in cotton subsidies than the World Trade Organization allows, with payments “vastly in excess” of what it had officially declared, the United States said in a filing to the trade watchdog.
The Austrian fibre producer behind the Tencel brand has posted a 5.2% decline in sales to €1.64 billion ($1.8bn) for the first nine months of the year, as it was forced to pay more for key raw materials.
The Cotton Textiles Export Promotion Council (TEXPROCIL) has welcomed the MSME support programme recently announced by Prime Minister Narendra Modi to revive the sector. Twelve new programmes have been announced.
A mere 11.68 percent of investments pledged in the handlooms and handicrafts sector during the first Global Investors Meet (GIM) in Tamil Nadu state in 2015 has materialised till now, state government statistics show.