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 ...
The Ministry of Textiles, Government of India, has sought a financial package for labour-intensive industries like cotton textiles, handlooms and handicraft, in the forthcoming annual supplement to Foreign Trade Policy (FTP), rescheduled to ...
India’s garment exports to the world have grown by 21.15 percent from US$ 10.685 billion in 2008 to US$ 12.945 billion in 2012, while China’s apparel exports during the same period have grown by 31.21 percent from US$ 113.021 ...
Tags: garment exports, garment, apparel exports
Reserve Bank of India while announcing the Mid – Quarter Monetary Policy: March 2013, reduced the Repo Rate from 7.75% to 7.5% with immediate effect. In a reaction to the policy, Dr A Sakthivel, president said though he welcomed the ...
Tags: Garment exports sector, Garment exports, Garment sector
The Government of India has approved Revival, Reform and Restructuring (RRR) Package for Handloom Sector in November 2011, to waive off the overdue loans of primary weavers cooperatives, other weavers organizations and individual weavers ...
Tags: handloom, weavers, Handloom Proposal Package
As per the latest available data released by WTO Secretariat for the calendar year 2009, 2010 and 2011 the share of Indian textiles and clothing exports in World’s exports were 3.98% , 3.98% and 4.11% respectively and has not been ...
The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma has welcomed the announcements made by the Finance Minister on textiles sector in his Budget Speech. Shri Sharma, while delivering the keynote address during the one-day ...
Tags: Textiles, Shri Anand Sharma, textiles sector
Apparel Export Promotion Council organised Export Excellence Award and Lifetime Achievement Award, here on 22nd February evening. Shri Anand Sharma, Hon’ble Minister for Commerce, Industry & Textiles, Government of India was the ...
Tags: Apparel Export, Textiles, Apparel
Indian textile and garment industry is seeking relief inUnion Budget and is expecting exemption of customs duty on man-made fibre, removal of levy of excise duty on readymade garments, allocation of more fund for Technology Upgradation Fund ...
Tags: textile sector, textile, textile machineries
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
The Reserve Bank of India (RBI) has issued a notification for extending the 2% Rupee Export Credit Interest Rate Subvention Scheme till March 31, 2014 for nine different sectors, including readymade garments, handlooms, carpet and ...
Dr. A Sakthivel Chairman AEPC hailed Government for all exports incentives announced, by Shri Anand Sharma, the Union Minister of Textiles and Commerce. Speaking on the announcement Dr. Sakthivel said, “2% Interest Subvention ...
Tags: AEPC, Textiles and Commerce, exports, textiles
Extension of 2% interest subvention for one more year, up to 31st March, 2014 will help to increase the competitiveness and the exporters could also plan in advance and workout the costing accordingly. The Granting of incentive on ...
Tags: Extension, interest subvention, TEA, Additional Incentives
The Government of India has announced extension of two percent interest subsidy on some labour-intensive industries, including textiles, garments and handicrafts, for one more year till March 2014. Addressing a press conference, ...
Tags: Indian govt, interest subsidy, textile, exports, garments, handicrafts