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textiles

Domestic textile industry expected to grow to $350 billion by 2030: Giriraj Singh

Domestic textile industry expected to grow to $350 billion by 2030: Giriraj Singh

Wed, Sep 04, 2024

The country’s textile industry is expected to grow to $350 billion by 2030 and add 3.5 crore jobs, said Union Minister of Textiles Giriraj Singh in the national capital on Wednesday.

Textiles, apparel exports rise 4.73 percent in July on improved demand: CITI

Textiles, apparel exports rise 4.73 percent in July on improved demand: CITI

Fri, Aug 16, 2024

India's textiles and apparel exports grew by 4.73% in July 2024, reaching USD 2,937.56 million, driven by a surge in apparel demand. The Confederation of Indian Textile Industry (CITI) highlights increased export orders and positive impacts from recent Free Trade Agreements. Discover key trends and future outlook for India's textile sector.

Bihar to host mega investor summit in December; roadshows from Monday

Bihar to host mega investor summit in December; roadshows from Monday

Sun, Jun 30, 2024

After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.

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India offers the world complete value chain solution in apparel sector: AEPC Chairman

India offers the world complete value chain solution in apparel sector: AEPC Chairman

Tue, Jun 27, 2023

There are huge opportunities in the textiles sector and India offers to the world a complete value chain solution from farm to fashion in the apparel segment, AEPC chairman Naren Goenka said on Tuesday.

To Stop The Import Of Substandard Technical Textiles, The Government Issued A Quality Control Order

To Stop The Import Of Substandard Technical Textiles, The Government Issued A Quality Control Order

Tue, Apr 11, 2023

To stop the import of substandard technical textiles, the government issued a quality control order. Watch Ambrish Pandey's exclusive interview with Joint Secretary, Ministry of Textiles, Rajeev Saxena.

Commerce Ministry recommends imposing anti-dumping duty on vinyl tiles from China, Taiwan

Commerce Ministry recommends imposing anti-dumping duty on vinyl tiles from China, Taiwan

Fri, Jan 27, 2023

Commerce Ministry aims at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.

Only manufacturing firms registered in India to be eligible under Rs 10,683 crore PLI scheme for textiles sector

Only manufacturing firms registered in India to be eligible under Rs 10,683 crore PLI scheme for textiles sector

Tue, Sep 28, 2021

Only manufacturing companies registered in India will be eligible to participate under the recently approved Rs 10,683-crore production-linked incentive (PLI) scheme for the textiles sector, according to a notification of the textiles ministry.

Big rebate in taxes! Good news for these traders from Modi government

Big rebate in taxes! Good news for these traders from Modi government

Sun, Apr 19, 2020

In a good news for Garment exporters, the Ministry of Textiles has issued a notification extending the Scheme of Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) which was in force up to March 31, 2020.

Arvind launches garmenting facility in Jharkhand

Arvind launches garmenting facility in Jharkhand

Sun, Dec 23, 2018

Arvind Ltd Executive Director Kulin Lalbhai said the company is aiming to convert 50 per cent of its fabric into garments over the next five years from the current capacity of 10 per cent .

Ikea to invest Rs 3,000cr in Maha for stores, experience zones

Ikea to invest Rs 3,000cr in Maha for stores, experience zones

Thu, Feb 22, 2018

Ikea will be investing close to Rs 3,000 crore over the long-term in the state to set up multi-format stores

Top five sectors with most exposure to banks NPAs; What can be done?

Top five sectors with most exposure to banks NPAs; What can be done?

Tue, Jun 13, 2017

Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.

GST Council may revise rates on these goods today

GST Council may revise rates on these goods today

Sat, Jun 10, 2017

Excess lobbying of industry bodies over the GST rates declared in the previous Council meet may push the government to review the tax rates on certain products. Here are a few of the articles the government is expected to review tomorrow at the 16th GST Council meet.

5% GST on textiles will generate Rs 11,000 crore revenues, industry experts say

5% GST on textiles will generate Rs 11,000 crore revenues, industry experts say

Sun, Jun 04, 2017

With cotton textiles attracting a 5% GST rate and man-made yard at 18%, the textile industry have expressed content over the rates prior to GST rollout. Industry experts have said that this would lead to a revenue generation of Rs 11,000 crore.

Apparel, biscuits, footwear cheaper; gold costlier under GST

Apparel, biscuits, footwear cheaper; gold costlier under GST

Sun, Jun 04, 2017

Apparel up to Rs 1,000, biscuits and footwear will get cheaper, while gold will get slightly costlier from next month as the Centre and states, excepting West Bengal, resolve to roll out GST from July 1.

Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items

Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items

Sat, Jun 03, 2017

The Goods and Services Tax (GST) Council has finalised the fitment of tax rates for most of the six remaining items on Saturday, Jammu and Kashmir Finance Minister Haseeb Drabu said.

GST Council clears rules, states agree to July 1 rollout

GST Council clears rules, states agree to July 1 rollout

Sat, Jun 03, 2017

The GST Council today cleared the pending rules, including transition provisions and returns, with all the states agreeing to July 1 roll out of the Goods and Services Tax.

Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

Mon, May 15, 2017

While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.

Welspun India to invest Rs 4000 crore in three textile projects in Gujarat, shares gain

Welspun India to invest Rs 4000 crore in three textile projects in Gujarat, shares gain

Wed, Jan 11, 2017

BK Goenka, Chairman of Welspun Group said, “Our continuous investment in the state is a testament to our long term commitment to Gujarat. It is our aim to make Gujarat the textile hub of the world. Welspun continues to invest into development of well-researched products and technology of the future and the current investment is in line with this philosophy.”

Note Ban Impact: Corporate earnings to dip to 4% in third quarter

Note Ban Impact: Corporate earnings to dip to 4% in third quarter

Tue, Jan 10, 2017

After recording an average revenue growth of 6.3% for three consecutive quarters, corporate earnings for key sectors will likely dip to 4% for the October-December period of 2016-17, owing to the Government's demonetisation drive, said a Crisil report.

Welspun secures patent for new line of augmented reality home decor

Welspun secures patent for new line of augmented reality home decor

Fri, Sep 23, 2016

Welspun India today said in release, "It has secured the 'Interactive Textile Article and Augmented Reality System' patent which protects the company's new product line TILT."

Welspun faces new probe from Bed Bath, shares pressured

Welspun faces new probe from Bed Bath, shares pressured

Thu, Aug 25, 2016

U.S. retailer Bed Bath & Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week.

Textiles package will help create jobs: Sitharaman

Textiles package will help create jobs: Sitharaman

Thu, Jun 23, 2016

The government`s latest package of incentives for the textiles industry will give an "extra push" to the sector, help create more jobs and boost exports, union Commerce Minister Nirmala Sitharaman said on Thursday.

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