Page 4 - Indian Textiles
Domestic textile industry faces tough times as consumers cut spending
While overall economy is relatively strong, the textile sector is a notable exception and orders suggest the downturn will continue well into 2023, raising the risk of layoffs in an industry
 "Domestic textile industry faces tough times as consumers cut spending")
Quality control order to control inferior silk import on the cards
The minister's comments were in response to a question of poor quality silk coming into the country from China
 "Quality control order to control inferior silk import on the cards")
Bangladesh, Vietnam seen as competitors in textile and garment trade
With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.
 "Bangladesh, Vietnam seen as competitors in textile and garment trade")
Diwali an auspicious date to sign India-UK FTA: British High Commissioner
Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January
 "Diwali an auspicious date to sign India-UK FTA: British High Commissioner")
India at 75: Here's how much our per capita income has zoomed since 1950
Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21
 "India at 75: Here's how much our per capita income has zoomed since 1950")
Uttar Pradesh govt seeks to take embassies' help to boost exports
Among the top-selling UP products are leather goods, carpets, hand woven textiles, brassware, glassware, sports goods, etc
 "Uttar Pradesh govt seeks to take embassies' help to boost exports")
Gujarat's ceramic tiles hub to take month-long break after production glut
'Leave' in August could be annual feature and will follow Chinese industry taking a break every February
 "Gujarat's ceramic tiles hub to take month-long break after production glut")
Surat's textile hub consolidated as small players failed to survive GST
This ground report from the diamond city captures the travails of small-scale units
 "Surat's textile hub consolidated as small players failed to survive GST")
Textile exporters bat for fine tuning of RoSCTL scheme to retain edge
The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry
 "Textile exporters bat for fine tuning of RoSCTL scheme to retain edge")
Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles
Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector
 "Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles")
'India's textiles exports can touch $100 bn from current $40 bn in 5 years'
Textiles Secretary Upendra Prasad Singh said the country's apparel industry must focus on vertical integration to increase its scale and size to benefit from the production-linked incentive scheme
 "'India's textiles exports can touch $100 bn from current $40 bn in 5 years'")
Cabinet approves Rs 10,683-cr PLI scheme for textiles: Goyal
The cabinet has approved the PLI scheme for textiles for MMF (man-made fibre) apparel, MMF fabrics and ten segments/products of technical textiles
 "Cabinet approves Rs 10,683-cr PLI scheme for textiles: Goyal")
Garware Technical Fibres Q1 profit after tax up 80.6% at Rs 31.9 crore
Technical textiles manufacturer Garware Technical Fibres, formerly Garware-Wall Ropes, on Thursday posted an 80.6 per cent growth in profit after tax at Rs 31.9 crore during the quarter
Textiles, realty on revival path as business limps back to pre-Covid levels
Recovery will be across segments, including cotton yarn, readymade garments, polyester yarn, and home textiles, driven by higher domestic and export demand
 "Textiles, realty on revival path as business limps back to pre-Covid levels")
Companies pitch 'coronavirus-proof' clothes, as doctors seek evidence
Textile firms get international partners for fabric technology, stitch up clothing line for the pandemic
 "Companies pitch 'coronavirus-proof' clothes, as doctors seek evidence")
New MSME definition to benefit downstream textiles, boost exports: experts
Several exporters can now be classified as MSMEs and avail 5% rebate under interest equalisation scheme
 "New MSME definition to benefit downstream textiles, boost exports: experts")
The fabric of trade
Indian cottons were prized for their fineness of weave, brilliance of colour, rich variety of designs and a dyeing technology that achieved a fastness of colour unrivalled in the world
New textile policy in the works to help India emerge as manufacturing hub
This new policy will have a special focus on manufacturing of apparel and garment, technical textiles, man-made fibre products and exports
Textiles to pharma: India's deepening slowdown explained in six charts
What could be the reason for these successive downward revisions across the board? Some key indicators make it evident.
 "Textiles to pharma: India's deepening slowdown explained in six charts")
Govt considers making technical textiles must for ministries to boost jobs
Technical textiles are functional fabrics used in multiple industries such as automobile, construction, and agriculture
 "Govt considers making technical textiles must for ministries to boost jobs")