Page 6 - Textile Sector

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

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

Textiles continue to gasp for growth with sliding production, low exports

Barring few months, apparel exports are continuously declining since October 2017

Textile Ministry launches scheme to develop knitting and knitwear sector

Industry representatives said the scheme would help in achieving the vision target of Rs 1 trillion by 2022

Letter to BS: The delay in getting tax refunds paralyses textile sector

The overall economic impact is not taken into account while deciding policies

Textile package suffers delivery failure due to demonetisation, GST

Imaginatively designed incentives to grow jobs in the textile sector ran into the unforeseen headwinds of demonetisation and GST

Indian textile mills heading to Ethiopia to take on Bangladesh, Cambodia

The African nation offers much cheaper labour and power, apart from easier access to key markets, plug-and-play infra for new plants, and friendly tax laws

Volatility in crude oil prices pinches synthetic textile manufacturers

Raw material buyers in the synthetic textile industry disappeared from the market amid expectations of a further fall in prices

After GST blow, Gujarat textile units get jitters over incentive scheme

Surat has seen daily production fall from 40 million metre per day to 25 million metre per day

Outdated labour laws, low incentives hampering textile sector: Report

The report called for innovation in terms of new products, new business models and collaborations

Revise GST, impose anti-dumping duty to boost textile sector: Parl panel

It observed that against the Textile Ministry's proposed outlay of Rs 101.09 billion during the year 2018-19, the Ministry of Finance have approved Rs 71.47 billion only

Govt clears Rs 1,300-cr skill dev scheme for textile sector

The Union Cabinet today approved a new skill development scheme having an outlay of Rs 1,300 crore with an aim to create jobs in the organised textile and related sectors. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi here. The scheme will cover the entire value chain of textiles, excluding spinning and weaving in the organised sector. Around 10 lakh people are expected to be skilled and certified in various segments of the textile sector through the scheme, out of which 1 lakh will be in traditional sectors, an official statement said. At least 70 per cent of the certified trainees are to be placed in the wage employment and post-placement tracking will be mandatory under the scheme, it added. "The Cabinet approves a new skill development scheme covering the entire value chain of the textile sector excluding Spinning & Weaving in the organised sector, titled 'Scheme for Capacity Building', ..

Sops lower than pre-GST ones: Textile sector

Industry body SIMA expected the Centre to increase RoSL rates by at least 2-3%

Telangana sops for textile sector a wake-up call for Tamil Nadu

Telangana Government has announced new incentives to attract investments in Textiles and apparel sector. However this is seen as a wakeup call for Tamil Nadu government to save the huge investment from shifting. Telangana has offered 1,000 acres of land and a mega textile park. It also offered plug and play so that industries can move just like that. Telangana's capital and operational incentives will be applicable for both new as well as existing units for the next five years for both existing and new units. The state also warned if the units are not adequately compensating the workers they will face action.Telangana is largest producer of cotton in southern region and has around 17 per cent share in India's total cotton crop The development comes three months after K T Rama Rao, Telangana Chief Minister K C Rao's son visited knitwear capital Tirupur and textile city of Coimbatore. Tamil Nadu accounts for one-third of the $120 billion Indian textiles industry, major chunk comes from .

Sharp rupee appreciation challenge for domestic home textile sector: Report

Major players like Bombay Dyeing, Trident, have seen a sharp turnaround in profitability

Pitching the Liva effect: Know Birla Cellulose's approach towards branding

How often does one buy clothes for an ingredient rather than the label it wears?

Texprocil seeks special package for made-ups sector

Textile ministry had announced a special package of Rs 6,000 cr for garments, but had excluded made-ups

Janmejaya Sinha & Rohit Vohra: Welcome push for textile sector

The new textile policy addresses many important issues, but there is more to do. The government has to expedite its efforts in getting free trade agreements with major markets

Textile machinery industry doesn't see much impact from Brexit

Though it is too early to react, it has come just two days after new textile policy was announced by the Centre

Textile sector in northeast gets a Rs 1,038 crore push

To boost textile exports, increase jobs and curb the migration of workers.