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The 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 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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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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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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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
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Textile Industry Analysts There Will Be 5-7 Percent Increase in FDI with Global Brands
Mar 5, 2013Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. ...
Tags: FDI, Indian Textile Sector, textile
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In The Union Budget 2013-14 Will Help Reduce Prices of End Products
Mar 4, 2013The zero excise duty on cotton textiles at fibre, yarn, fabric and garment stages announced in the Union Budget 2013-14 will help reduce prices of end products, according to India Ratings & Research (IRR), a Fitch Group Company. The ...
Tags: cotton textiles, fibre, yarn, fabric, garment stages
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Indian Textile Expects Boost for Sector as Union Budget 2013-14 Has Opened Opportunities
Mar 4, 2013Indian textile and apparel manufacturers are expecting boost for the sector as Union Budget 2013-14 has opened new opportunities for investments in the domestic as well as international market with reduced excise duty on branded garments, ...
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Indian Textile Industry Is Looking for Various Schemes and Assistance in The Union Budget
Mar 1, 2013The Indian textile industry, employing over 100 million people directly and indirectly has been looking for various schemes and assistance in the Union Budget 2013-14 to regain its global competitiveness which faced the worst ever crisis in ...
Tags: textile industry, Union Budget, SIMA
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Government Accepted Long Standing Demand for Removal of Excise Duty on Branded Garments
Mar 1, 2013The Union Budget 2013-14 presented by the India’s Finance Minister P Chidambaram has brought cheer for the textile and garment industry as the Central Government has accepted their long standing demand for removal of excise duty on ...
Tags: India, Textile Sector, Garments
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Vidarbha Farmers Have Demanded That Msp of Cotton Be Raised to RS. 6000 Per Quintal
Feb 21, 2013Farmers in the Vidarbha region of western Indian state of Maharashtra have demanded that the minimum support price (MSP) of cotton be raised to Rs. 6000 per quintal from the existing MSP of Rs. 3900 per quintal. They have also urged the ...
Tags: Vidarbha Farmers, Cotton, MSP
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Indian Apparel Industry Is Hoping for The Withdrawal of Excise Duty on Clothing
Feb 17, 2013Indian apparel industry is hoping for the withdrawal of excise duty on clothing and elimination of distinction between branded and unbranded products in the Union Budget 2013-14, to be presented by the Finance Minister later this month. ...
Tags: apparel industry, excise duty, clothing and elimination