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Union Budget
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Textile Trade Bodies Slam New FTP
Apr 7, 2015The new Foreign Trade Policy has come under fire from two major textile trade bodies. The Confederation of Indian Textile Industry or CITI says the new policy has not provided any additional benefits to the textiles sector, though measures ...
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Indian Footwear Trade Body Requested to Reduce The High Excise Duties Imposed on Footwear
Mar 19, 2015An Indian footwear trade body has requested finance minister Arun Jaitley to reduce the high excise duties imposed on non-leather footwear in the latest Union Budget. The All India Footwear Manufacturers and Retailers Association (AIFMRA) ...
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Indian Textile and Apparel Industry Will Clock Double Digit Growth Rates of Between 8-12%
Mar 13, 2015The Indian textile and apparel industry will clock double digit growth rates of between 8 to 12 per cent or even more in the next fiscal, a top official at textile major Raymond said. Sanjay Behl, CEO at the lifestyle business of ...
Tags: Textile Sector, Textile
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Union Budget 2015-16 Has No Measures on Promoting Apparel Manufacturing in India
Mar 5, 2015Union Budget 2015-16 presented by finance minister Arun Jaitley last week has no measures on promoting apparel manufacturing in India, says an expert of India’s clothing and retail industry. “Considering that this ...
Tags: Apparel Manufacturing, Apparel
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Tirupur Exporters' Association Welcomed RBI to Reduce The Policy Repo Rate by 25 Basis
Mar 5, 2015Tirupur Exporters’ Association has welcomed today’s decision of the Reserve Bank of India (RBI) to reduce the Policy Repo Rate by 25 basis points (bps) from 7.75 per cent to 7.50 per cent, and urged banks to pass on the benefit ...
Tags: Repo Rate
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New National Textiles Policy
Jan 30, 2015Speaking at the inauguration of Tex-Trends India 2015, Indian union textiles minister, Santosh Kumar Gangwar said the new National Textiles Policy will be unveiled after the Union Budget is presented. The new Textiles Policy aims to ...
Tags: home furnishings, yarns, fabrics, silk, Apparel
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Abolishing Excise Duty Will Help The Growth of The Indian Textile Industry
Jan 5, 2015Indian synthetic fibre and yarn producers have urged the Union Ministry of Finance to abolish excise duty of 12 per cent levied on the industry and bring it at par with the cotton fibre and yarn sector. “This will help the growth of ...
Tags: cotton fibre, yarn sector, Textile
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MMF Industry in India Demands Remove Bias and Anomalies Against The MMF Industry
Nov 18, 2014The man-made fibre (MMF) industry in India has demanded that the Union Government implement a fibre neutral excise policy and remove bias and anomalies against the MMF industry. The MMG producers, represented by the Association of ...
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Ministry of Textiles Has Fixed an Export Target of USD 45 Billion for Textile Products
Aug 13, 2014The Ministry of Textiles has fixed an export target of USD 45 billion for textile products for the year 2014-15, in consultation with the Industry. The target has not been revised. Exports of textile products are supported through ...
Tags: Textile Export, Textiles
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Implementation Modernize The Current Scenario of Indian Textile Imports and Exports
Aug 12, 2014Implementation of Indian Customs Single Window Project will facilitate and modernize the current scenario of Indian textile imports and exports as per industry insiders. The finance minister proposed the implementation of Indian Customs ...
Tags: online Approval, Trade, Textile
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The Union Budget for The Financial Year 2014-15
Aug 12, 2014The Union Minister of Finance Shri Arun Jaitley announced the Union Budget for the financial year 2014-15. In a statement Shri Manikam Ramaswami, Chairman, Texprocil welcomed the various announcements and stated the budget in general ...
Tags: The Union Budget, Apparel, Accessories
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India Improved Its Ranking as Per The Recent Data Released by 'UN Comtrade' in Textiles
Jun 4, 2014India has improved its ranking as per the recent data released by ‘UN Comtrade’ in Global Textiles as well as Apparel Exports. In Global Textiles Exports, India now stands at second position beating its competitors like Italy, ...
Tags: Textile Exporter, Textile
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Predominantly Cotton Based Indian Textile Industry
Feb 11, 2014The predominantly cotton based Indian textile industry, particularly Tamil Nadu textile industry which accounts for 47.5% of the spinning capacity, has been facing several challenges during the last five years on raw material front, ...
Tags: Cotton Prices, Spinners
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NTC Will Invest RS 4.64bn in Andhra Pradesh
Sep 22, 2013The National Textile Corporation (NTC), a Government of India undertaking, will invest Rs. 4.64 billion on spinning and weaving projects in the southern state of Andhra Pradesh, The Hindu reports. The Ministry of Textiles has agreed to ...
Tags: Textile
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Predominantly Cotton Faced a Crisis During 2008 and Again a Grave Crisis During 2010
Apr 19, 2013The predominantly cotton based textile industry in India faced a crisis during 2008-09 due to global recession and again a grave crisis during 2010-11 owing to high volatility in cotton prices and certain external factors. The Government ...
Tags: textile industry, textile, Apparel
