Page 6 - Textile Sector

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Govt's crucial move towards nursing 5 sectors back to health amid lockdown

These five sectors are textiles, chemicals, electronics, steel and pharmaceutical

As oblivion looms over weavers, a group is speaking for their survival

The group's chief believes that reviving the handicraft and handloom sector could be a critical step in developing a more robust economy

Coronavirus hits UP's silk, embroider trade as raw material supplies dry up

The rates of raw silk yarn and embroidery material have gone up drastically

Coronavirus: Textile secy suggests India capture apparel mkt ceded by China

Capoor said it would be the right time to bring the industry together and have a small dialogue to "see how the industry associations are prepared for this opportunity"

New national textile policy will address all issues, says secy Ravi Capoor

This was announced on Wednesday during an interactive session with captains of the textile industry in the region

Weak policy fabric

India's textile sector needs wider reforms

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%