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Garments / Textiles
Handicraft export promotion council urges govt to relook remission rates
In a meeting with finance minister Nirmala Sitharaman, EPCH chairman Rajkumar Malhotra also raised issues related to restoration of duty-free import of essential embellishment, trimmings and tools for handicrafts sector, and risky exporters, according to a statement issued by the council.
Welspun India to invest Rs 800 crore on capacity enhancement over next two years
The board of the company in a meeting held on Saturday approved plans to augment towel manufacturing capacity at its Anjar, Kutch (Gujarat)-based plant to 1,02,000 metric tonnes per annum (MTPA) from the existing 85,400 MTPA.
Textile park in Odisha to be functional in 2024, says Indian Oil Corporation
The Government is working towards supporting the migrant workers who have returned due to the havoc caused by the pandemic, he added. According to him, the essential prerequisites are readily available in the state and new avenues are being created in the textile sector based on the skill of the locals.
PLI scheme for textiles aimed at creating huge employment opportunities, says official
Centre approved the Production Linked Incentive Scheme for textiles that aims at making the country regain its dominance in the global textile trade. The PLI scheme was expected to have a positive impact on states like Gujarat, Uttar Pradesh, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh and Telangana.
Will follow challenge method to select states under MITRA, says textile ministry official
Apart from 1,000 acre land for one such park, the ministry will look at some important things like nearby availability of raw material, all kinds of infrastructure including port, road and rail connectivity, water and power availability, and incentives of states among others.
Cabinet likely to clear 7 mega textile parks within 2 weeks
The proposed scheme to setup seven mega investment textile parks (MITRA) is likely to get Cabinet approval in the next fortnight, a senior official said.
PLI scheme for textiles will create about 7.5 lakh direct jobs in India: Piyush Goyal
Union Ministers of Commerce & Industry Piyush Goyal speaks to Times Now's Megha Prasad and in an exclusive conversation sheds light on the decision which was made in the Cabinet on September 8th in regards to the PLI scheme for the textile sector. "Today two-third of international trade is of technical textiles and man-made fiber. Our effort is to promote that industry in India, attract large investments where Rs 100 crore plus or Rs 300 crore plus are invested in India, create about 7.5 lakh direct jobs -indirectly it'll be more," he said.
With textile PLI, the idea is to capture the entire value chain: Piyush Goyal
"Cotton-based textile industry is the largest employing sector in the country. Also, we have our strengths in the sector. But if you see the world market, today two-third of the world market and international trade is based on man-made fibres (MMFs) and technical textiles. Over the last few years, we have lost that opportunity."
PLI scheme will take care of disability cos' face in global market: Textiles secretary Upendra Prasad
"We have been left behind, and countries like Vietnam and Bangladesh have economies of scale which we don’t have. The whole idea of the scheme is to produce global champions," said textiles secretary Upendra Prasad during an interview with ET.
Cabinet nod to Rs 10,683 cr PLI scheme for textiles
“We have been focusing on cotton textiles which are growing but MMF are used in a big way globally and growing very fast. Two-third of the international market is MMF and technical textiles,” textile minister Piyush Goyal said.
Cabinet approves Rs 10,683 cr PLI scheme for textile sector
The scheme, part of 13 identified sectors, some of which have already been approved by the Union Cabinet, is expected to boost manufacturing activities, add jobs and help scale up textile exports.
Cabinet to approve textile PLI scheme on Wednesday
Airbags, sutures, sanitary napkins and bandages could be among the products in technical textiles to get a manufacturing boost under the PLI scheme for textiles along with another 40 items of man-made fibre (MMF) such as track suits, coats and babies’ garments.
Cabinet may approve PLI scheme for MMF, technical textiles on Wednesday
The prime objective of the scheme is to make manufacturing in India globally-competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies. It is designed to create a complete component ecosystem in India and make India an integral part of the global supply chains.
Textile exporters in Surat in a bind over Afghan crisis; nearly Rs 4,000 crore stuck in pending dues
Afghanistan used to buy silk for turbans, textiles and readymade garments such as scarves, dresses and kaftans from India. The Federation of Indian Export Organisations (FIEO) has advised exporters and importers to wait and watch before taking any step.
Amul Macho files complaint against Lux Cozi for allegedly copying ad
"The Lux Cozi Ad unfairly tries to take advantage of the brand equity, reputation and goodwill generated by the Amul Macho Toing Ad," Amul Macho said in a complaint with the Advertising Standards Council of India.
Strong recovery in global apparel trade may keep cotton prices way above MSP
Cotton prices in the first five months of 2021-22 have been about 43% higher than the same period last year.
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