Page 11 - Textile Industry

Govt likely to extend two-year debt moratorium for struggling textile units

People in the know said the Union Ministry of Textiles, under the leadership of Smriti Irani, has made a recommendation to the Ministry of Finance

A champion for the rag trade

Shahi Exports MD, Harish Ahuja tells Business Standard the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam

Textile industry hopeful for a cut in GST rate on synthetic fiber

In a meeting held recently with the Union Finance Minister Nirmala Sitharaman, the textile industry had urged for a uniform GST rate for the entire sector

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history

Rising import from Bangladesh, financial crisis at NBFC hit textile sector

The industry says sales in the domestic market have slumped by 20-25 per cent in recent weeks

Industry 4.0: How textile firms are using tech to become smart, sustainable

Indian textile industry is waking up to the possibilities of using Industry 4.0 concepts

Manmade textile industry on a cusp of turnaround with a revival in demand

Stabilising crude oil prices help companies fix their product prices for long term contracts

Centre to look into textile industry's concerns on embedded duties: Irani

She made the remarks at the Textile Conclave organised by Assocham in Gandhinagar on Sunday, a release said

In a first, Centre to roll out India-centric size in apparels: Smriti Irani

Work on ROSL relief underway for industry, says textile minister

Migrants' exodus from Gujarat to reduce India's textile output by 10-15%

80% of the country's synthetic textile output comes from Gujarat, which is seeing migrant labour move out to escape the violence following rape of a minor, and better opportunities back home

Amended TUFS delivers huge benefits across entire textile value chain

New scheme allows cooperative banks to lend to units for tech upgrade, LLP firms can also benefit; synthetic textiles to get a leg up

With Tirupur in throes of decline, manufacturers eye Ethiopia for revival

A key attraction Ethiopia offers is duty-free exports to the US and Europe, unlike India

Home textile exporters may take profit hit

Several traditional retailers in the US have pruned inventories and downsized stores to offset profit pressure caused by the e-retail boom

Textile industry faces crunch as rebate scheme backlog hits Rs 16 billion

Industry body writes to the govt for immediate action to clear the dues, failing which hundreds of units would close down and lead to thousands of job losses in the country

India's textile industry size to touch $250 bn in 2 years: Official

In the last 2 years, a lot of buoyancy has been created in textile sector: Textile Commissioner

RBI's 'caution list' fear shatters textiles exporters

Feared with inclusion of name in the "Caution List" of the Reserve Bank of India (RBI) would prevent them from exports, the textile exporters have urged the banking sector regulator to remove names of companies with good track record.In a letter to the RBI, the apex textiles exporters' body The Cotton Textiles Export Promotion Council (Texprocil) has requested for an update in the centralized banking system before making the "caution list" for pending shipping bill public.The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the RBI to monitor payments against export bills requires all banks to report in this system detail of the export proceeds realization pertaining to the shipping bills filed after February 28, 2014."There are many shipping bills against which payments have already been realized and the electronic bank realisation certificates (e-BRCs) have been issued by the concerned banks. But the EDPMS is yet to be updated by the banks. It is ...

Be the change you to see: Dolly Kumari and her success at textile industry

Apparel segment expected to grow at annual growth rate of more than 13% over the next 10 years

Textile sector seeks 5% taxes under GST across all value chains

Uniform 5% rate will boost production and help create 35 mn jobs and attract $200 bn by 2025

Cash crunch hits daily operations

In the fifth of a six-part series, Business Standard visits Coimbatore, often referred to as the Manchester of South India for its promising textile industry, to assess the impact of the note ban

Duty drawback facility extended for textiles

Increases rates for home textiles, cotton products; the move will help raise textiles exports, says industry