Top office bearers of a Mumbai-based top textile trade body recommend that the Foreign Trade Policy (FTP) should offer logic-based incentives as opposed to lobbying-based, but strictly in accordance to the stated objectives. This, they ...
Tags: FTP, Apparel, Accessories
The Government of India is considering the idea of linking handloom fabric weaving with the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) to protect the interest of the weavers, Minister of State for Textiles Santosh Kumar ...
Tags: Govt, Apparel, Accessories
The New Delhi-based Garment Exporters Association (GEA) has sought five percent increase in duty drawback rate and capping of interest rate at seven percent, in its recommendations sent to the Ministry of Textiles, Government of India. ...
Tags: Textiles, Garment Exporters
India 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
Reacting on the apparel exports data, for the month of April 2014-15, Mr. Virender Uppal, Chairman AEPC, remarked, “This is the first month of the 2014-15 and Apparel Exports have recorded the growth of 14.33% compared to the April ...
Tags: April Apparel, Apparel Exports
Chairman AEPC, Mr. Virender Uppal, welcomed the move to extend the 2% duty credit scrip under the Market Linked Focus Product Scrip (MLFPS) for RMG sector (2% Duty credit scrip, HS 61 & 62) to EU and USA for exports from 01/04/2014 till ...
Tags: global markets, Apparel
The exports of textiles and apparel from India are likely to miss the target of US$ 43 billion set for the current financial year by about $1 billion, Textiles Minister K Sambasiva Rao has said, Business Standard reported quoting PTI. ...
Tags: Indian Textile, Textile Exports, Apparel
The 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
The Government of India has withdrawn cotton and cotton yarn from Duty Credit Scrip eligibility under the Focus Market Scheme (FMS), with effect from September 25, 2013. ‘Export of cotton’ and ‘export of cotton ...
Tags: Cotton Yarn, Cotton
Before the announcement of the Foreign Trade Policy in the first week of April 2013, the Union Minister of Commerce, Industry & Textiles Shri Anand Sharma chaired the Board of Trade meeting. "Recognising the stress that our trade is going ...
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire Textiles Industry has complimented Shri Anand Sharma for bringing in the favorable Foreign Trade Policy and timely interventions that lead to this turn around in the exports of RMG and ...
Tags: AEPC Chairman, Trade Policy
Mr M Rafeeque Ahmed, President, FIEO said that the Foreign Trade Policy announcement while maintaining stability of the policy provided improvement in it to add to competitiveness. Extension of Zero Duty EPCG Scheme will help in expansion ...
Tags: Trade Policy, FIEO
The 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
Asia’s biggest confluence of home and lifestyle items - Home Expo India 2013 (HEI-2013) has begun at Expo Mart in Greater Noida, near the capital New Delhi. The second edition of the four-day expo, which was inaugurated by Union ...
Despite lower demand from some of the key Western markets, Indian handicraft exports have achieved the target of US$ 3.3 billion set for fiscal year 2012-13. The items that posted highest year-on-year export growth during the period ...
Tags: Handicraft Exports, Textile