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Interest Subvention
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Government of India Will Soon Come out with an Interest Subvention Scheme for Exporters
Jul 21, 2015The Government of India will soon come out with an interest subvention (subsidy) scheme for exporters, commerce and industry minister Nirmala Sitharaman has said. Speaking at a function in New Delhi, Sitharaman said the soon to be ...
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The Commerce Ministry Is Considering Interest Subsidy Benefits for Textile Sector
Jul 2, 2015The commerce ministry is considering interest subsidy benefits for textile sector including garments to arrest falling exports, according to media reports. The interest subvention scheme of 3 per cent ended on March 31, last year. Under ...
Tags: Textiles Sector, subsidy benefits
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Textile Exporters in India Fail to Meet The Export Target for The Last Financial Year
Jun 4, 2015Textile exporters in India are a worried lot after failing to meet the export target for the last financial year, according to media reports. "These declining trends in exports are a matter of deep concern," Texprocil chairman R K Dalmia ...
Tags: Textile
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There Has Been a Vacuum in a Policy Support in The RMG Manufacturing Export Industry
May 20, 2015Apparel Export Promotion Council chairman Virender Uppal has said there has been a vacuum in a policy support in the readymade garment (RMG) manufacturing export industry, according to a statement by AEPC. Uppal has requested the ...
Tags: Apparel Export, Apparel
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FIEO Seeks Govt Support to Improve Exports
Apr 24, 2015The Federation of India Export Organisations (FIEO) wants government backing to arrest falling exports.FIEO president SC Ralhan said the trade data for the month of the March, 2015 showed a decline of over 21 per cent in exports and close ...
Tags: Govt Support, Falling Exports
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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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Exporters Interest Subvention Scheme
Apr 7, 2015Exporters from select labour intensive sectors will be able to access cheaper credit soon as the government prepares to reintroduce an interest subvention scheme in the next couple of months, according to media reports. “The ...
Tags: select labour intensive sectors, interest subvention scheme, Textile
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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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Knitwear Manufacture Tirupur Exports Has Reached Rs 15,000 Crore
Feb 4, 2015Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...
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Knitwear Exports Increased at 13.35 Percent Year-on-Year During April-September 2014
Nov 18, 2014Knitwear exports from the south Indian textile hub of Tirupur registered revenue of Rs. 10,050 crores in the first six months of the ongoing fiscal year 2014-15, growing at 16 percent compared to exports of Rs. 8,650 crores during the ...
Tags: Tirupur Knitwear Exports, Foreign Trade Policy, Apparel
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Knitwear Exports Increased at 13.35 Percent Year-on-Year During April-September 2014
Nov 18, 2014Knitwear exports from the south Indian textile hub of Tirupur registered revenue of Rs. 10,050 crores in the first six months of the ongoing fiscal year 2014-15, growing at 16 percent compared to exports of Rs. 8,650 crores during the ...
Tags: Tirupur Knitwear Exports, Apparel
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In The Second Quarter of Fiscal 2014-15, Revenues and EBITDA Surged 22% and 21%
Nov 17, 2014In the second quarter of fiscal 2014-15, revenues and EBITDA surged 22% and 21%, respectively, from a year ago quarter, at Welspun India, a part of the $3 billion BK Goenka led, Welspun Group. Steered by strong volume growth, revenue at ...
Tags: EBITDA margin, Welspun India, Textile
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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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India Is Considering The Idea of Linking Handloom Fabric Weaving
Aug 12, 2014The 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
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ASSOCHAM Has Submitted a 10-Point Detailed Agenda for Growth
Jul 4, 2014Apex industry body ASSOCHAM has submitted a 10-point detailed agenda for growth and development of Indian textile industry to the Textiles Minister, Mr Santosh Gangwar. "With textile industry in China reducing its spinning activities ...
Tags: Apparel, Accessories, Textile