The crisis ridden textile industry heaved a sigh of relief consequent to the announcement of textile debt restructuring package of Rs.35,000 crores by the Finance Ministry following the concerted efforts made by The Southern India ...
Tags: textile industry, textile market, textile, subsidy benefits
The Government of India’s decision to restructure loans worth Rs. 350 billion is expected to play a major role in revival of the industry, Mr. V Narayanasamy, Union Minister of State in the Prime Minister’s Office (PMO) said, ...
Tags: textile Sector, textile market, textile industry, restructure loans
Shri Anand Sharma, Minister of Textiles has informed that textile industry suffered a downturn in 2011-12, due mainly to the global economic slowdown and partially the high price volatility in the international and domestic cotton market. ...
Tags: India, Textile Industry, Debt Restructuring
Rise in demand for textile items has helped spinning mills in India to attain break-even, following which the mills are once again showing signs of revival. Speaking at the 53rd Annual General Meeting of South India Mills' Association ...
Tags: textile items, break-even, SIMA