Tuesday, 28 September 2021
40 textile and apparel companies in Tamil Nadu (India) keen for IPOs
Around 40 textile and apparel companies in Tamil Nadu are keen to explore the initial public offer (IPO) option to list their shares in Indian equity markets.
The combined market cap of listed companies from Indian textile and apparel sector is only at 2.2 lakh crore,whi..
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Monday, 27 September 2021
Indian e-commerce giant Myntra’s Big Fashion Festival! The biggest-ever edition to be held from 3 to 10 October
India’s leading fashion e-commerce company Myntra has announced its biggest ever ‘Big Fashion Festival’. The festive season’s most awaited shopping carnival for fashion, lifestyle and beauty products is all set to be held from 3 to 10 October.
Early access dates..
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Thursday, 23 September 2021
Tamil Nadu (India) unveils Export Promotion Policy; apparel industry welcomes the release
MK Stalin, Chief Minister of Tamil Nadu, has unveiled the Tamil Nadu Export Promotion Policy at the Export Conclave held in Chennai.
The State will adopt a two-pronged approach – export promotion and export diversification – to achieve this objective.
As per the polic..
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Wednesday, 22 September 2021
24-hour helpline to assist Indian exporters and resolve issues
Indian Government will start and institutionalise 24-hour helpline service to assist exporters and resolve issues.
Piyush Goyal, Commerce & Industry and Textile Minister shared this information at the launch of nationwide celebrations of iconic week for Azadi ka Amrit Mahotsav at S..
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Tuesday, 21 September 2021
Welspun Board (India) approves Rs. 800 crore capacity expansion plan
India’s leading home textile player Welspun India will invest around Rs. 800 crore on capacity expansion of its home textiles and flooring businesses over the next two years.
In a meeting, the board of the company approved plans to augment towel manufacturing capacity at its Anja..
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Friday, 17 September 2021
Tamil Nadu (India) pushing technical textile investments into the state
India’s leading knitwear apparel and home furnishing manufacturing state Tamil Nadu is pushing technical textile investments into the state.
The state has signed up for Techtextil India 2021 – the leading international trade fair for technical textiles and no..
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Wednesday, 15 September 2021
India’s Kitex Garments facing allegations of misusing CSR funds
Dispute between Kitex Group and some of Kerala’s political people continues!
In a latest development, a group of MLAs met District Collector Jafar Malik and alleged that Kitex Group was using its Corporate Social Responsibility (CSR) funds to achieve political ends.
Kitex G..
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Tuesday, 14 September 2021
Textile Secretary UP Singh visits technical textile plant of Texport Syndicate in Surat (India)
Ministry of Textiles, under Government of India, has been giving impetus to technical textile sector of the country aggressively…
The Union Minister of State for Textiles and Railways Darshana Jardosh, Textile Secretary UP Singh, and their teams were present in Surat recently to inaug..
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Monday, 13 September 2021
MITRA scheme may get Cabinet approval in 2 weeks
After the PLI (Production Linked Incentive) scheme, now Union Cabinet may clear proposed scheme to set up seven Mega Integrated Textile Region and Apparel (MITRA) Parks in the next fortnight.
The scheme was announced in budget FY22; notably, the MITRA parks will also hav..
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Thursday, 9 September 2021
Welspun India gets US health regulator’s approval for its 3 ply surgical masks
Welspun India, India’s major home textiles company, has received approval from the US health regulator for its 3 ply surgical masks.
The company claims that it has become the first Indian company to receive the US Food and Drug Administration (USFDA) 510K, one of t..
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Wednesday, 8 September 2021
Top 10 apparel exporting countries to USA – July ’21
July ’21 apparel import data of USA says different story for different manufacturing destinations.
According to OTEXA, USA imported US $ 6.98 billion worth of apparels in July ’21, noting 17.60 per cent Y-o-Y surge.
The top 10 shippers’ tally consists of three countries..
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Tuesday, 7 September 2021
Tamil Nadu (India) removes 1% AMC cess on cotton and cotton waste, 4-decade-old demand fulfilled
Tamil Nadu’s textile industry has welcomed the State Government’s decision to remove 1 per cent AMC cess on cotton and cotton waste and called it a path-breaking and historical policy initiative.
State’s textile industry and the farmers have been demand..
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Monday, 6 September 2021
Clear ROSCTL pending claims expediently! Indian exporters urge Government
Indian exporters have urged the Government to clear Rebate of State and Central Taxes and Levies (ROSCTL) pending claims expediently, as India’s apparel (woven + knitwear) export from 1 January 2021 to 31 August 2021 is estimated to be Rs. 75,250 crore, and the RoSCTL pendin..
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Saturday, 4 September 2021
Indian textile firm Texel Industries investing Rs. 29.92 crore for expansion…
Kalol (Gujarat)-based leading technical textiles company Texel Industries Ltd. expects to start commercial operations of its 10,080 MT facility for geosynthetics products at Kheda (Gujarat) in next few days.
Having more than three decades of experience in the technical t..
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Friday, 3 September 2021
Being a preferred supplier is no longer about size
The myth that only the big and mighty manufacturers fetch majority of the apparel orders is broken, as smaller companies break free from the shackles of old beliefs… Now the small but efficient and productive units that of course are following social and environmental norms are d..
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Thursday, 2 September 2021
India’s Pioneer Embroideries to invest Rs. 58 crore, focus on specialty yarn
Mumbai-based leading manufacturer of speciality polyester filament yarn Pioneer Embroideries has plans to invest Rs. 58 crore to enhance its capacity to 26,000 tonnes per annum by adding 8,000 tonnes.
The company will manage Rs. 18 crore from internal accruals and the re..
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Tuesday, 31 August 2021
Indian textile firm Donear Group acquires Mayur Fabrics and PV Suiting distribution network
Donear Group, one of the leading textile groups, has announced the acquisition of Mayur Fabrics and PV Suiting global distribution network from RSWM.
The acquisition will solidify Donear Group’s comprehensive product basket and global augmented geographical footpri..
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Monday, 30 August 2021
MoT finalises PLI scheme! Union Cabinet may approve soon
Production Linked Incentive (PLI), a massive scheme for Indian textile and apparel industry, has been finalised by Ministry of Textiles (MoT) as Piyush Goyal, Union Textile Minister signs the proposal regarding the same.
As per the media reports, the scheme would soon be taken up by th..
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Saturday, 28 August 2021
Webtalk on ‘Textile Reinforced Concrete – The Future of Sustainable Building’ is on 2 September – VDMA
VDMA – a leading Germany-based Textile Machinery Association – is organising a technology webtalk on 2 September 2021 –Textile Reinforced Concrete–The Future of Sustainable Building.
It’s pertinent to mention here that concrete is the most used constructio..
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Friday, 27 August 2021
TEA (India) to train 16,000 workers under Samarth
The Tiruppur Exporters’ Association (TEA) will train 16,000 workers under the Samarth (Scheme For Capacity Building in Textile Sector) programme in the apparel factories of the city in next two years.
The association got approval from the Union Ministry of Textiles last August to..
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Thursday, 26 August 2021
We have to think, execute locally and comply with India’s rules: Walmart CEO, Doug McMillon
Doug McMillon, CEO and President of the Walmart, world’s largest retailer, has said that India is a diverse country and Walmart has to think and execute locally and comply with its rules.
He underlined that Indian market is very unique and is one of the most exciti..
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Tuesday, 24 August 2021
Australia passes bill banning imports made using forced labour
The Australian Government faces growing pressure to tighten Australia’s customs laws after the Senate passed a bill to ban anyone from importing products made using forced labour.
The Senate passed a bill proposed by the independent senator, Rex Patrick, but for th..
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Monday, 23 August 2021
T-shirt remains the top imported apparel product by US buyers in H1 ’21
Over the years, T-shirt has been the top imported product by the US buyers and the trend has remained unchanged in H1 ’21.
According to OTEXA data that was compiled byApparel Resources, T-shirt import by USA has grown to US $ 9.78 billion in January-June ’21 period, noting ..
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Saturday, 21 August 2021
Indian Government forms a committee on how to quadruple exports of handlooms in 3 years
To suggest a road map for doubling the production and quadrupling the exports of handlooms in a span of 3 years, Government has constituted a committee which will submit its final report within 45 days from the day of constitution.
On 7 August, celebrating National Handloom day, the Go..
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Friday, 20 August 2021
Positive momentum regarding FTAs delights Indian apparel exporters
Apparel industry is happy as the Minister of Commerce & Industry, and Textiles Piyush Goyal has announced that there is a “very positive momentum” in terms of FTAs with the UK, EU, Australia, Canada, UAE, Israel and the GCC countries.
Dr. A. Sakthivel, Chairman Apparel ..
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Thursday, 19 August 2021
Trade bodies of Indian textile industry welcome RoDTEP rates
Various trade bodies of textile industry have thanked the Government for announcing the rates of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, and fulfilling the long-awaited and pending demand of the Indian textile exporters who were not covered under the RoSTCL scheme..
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Wednesday, 18 August 2021
Investment of Rs. 1,100 crore! India’s SVP Global Ventures’ textile plant starts operation in Oman
Leading multinational cotton yarn manufacturer SVP Global Ventures has started commercial operations for its mega textile plant in Oman. The Group has invested US $ 150 million (around Rs. 1,100 crore) in setting up 1.5 lakh spindles and 3,500 rotors facility at Sohar Free Trade Z..
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Tuesday, 17 August 2021
Vardhman Textiles (India) continues to support sports and athletes
India is proud on the performance of its players in the recently concluded Tokyo Olympics. However, what’s pleasing is to see a textile firm initiating efforts to promote Indian sports.
That’s what Vardhman Textiles is doing, which has been constantly supporting games and athlete..
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Monday, 16 August 2021
Massive! Tamil Nadu’s budget supports Indian textile and apparel industry in a big way
Tamil Nadu will create a separate department for textiles considering the huge business size and also its growth in the coming decade.
While stating the same, the State Government also announced establishment of textile parks and SIPCOT facilities that would attract huge..
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Friday, 13 August 2021
India to fast track trade deals with six countries including EU and UK
Commerce and Industry Secretary BVR Subrahmanyam has said that India will fast-track free trade agreements (FTAs) with at least six nations — including the UAE, the UK, Canada, Australia and the EU. The earliest FTA that we will probably strike will be with the UAE.
All these cou..
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Thursday, 12 August 2021
High cost of containers impacting India’s exports: TPCI
Trade Promotion Council of India (TPCI) has said that increasing container freights would push the overall cost of domestic goods in international markets, which would make it less competitive and hurt the country’s exports.
The new records have been hit in container freight spot..
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Wednesday, 11 August 2021
Industry urged to use more Indian cotton: Government
The Government has said there is excess availability of local cotton, and Indian textile and apparel industry should use more of Indian cotton. It will support farmers, as they are hit by a surge in imports.
The cotton import surged significantly in last few years even though India is ..
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Monday, 9 August 2021
Tussle on! Kitex Garments sends legal notice to labour officers
Tussle continues between leading infantwear manufacturer Kitex Garments and Kerala’s official!
The apparel giant has sent notices seeking compensation from the Ernakulam district labour officer and the assistant labour officer at Perumbavoor for allegedly bringing ‘discredit&rsqu..
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Friday, 6 August 2021
Apparel exporters forced to send shipment by air
Amidst several challenges, apparel exporters are now forced to send their goods by air. And this is having very negative impact on their business.
There was already container shortage due to Covid and the Suez Canal blockage in March, suspension of operations at China’s Yantian p..
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Thursday, 5 August 2021
Indian home textile giant Indo Count Industries’ Q1 profit sees growth of 563%
Enthusiastic quarterly results of Indian home textile companies continue!
India’s leading home textile company Indo Count Industries Limited has announced its un-audited financial results for the Q1 ended 30 June 2021.
With 111 per cent growth, the company’s normalise..
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Monday, 2 August 2021
Indian textiles sector: In-principle agreement reached on correcting duty inversion
The Revenue Department has informed that an in-principle agreement has been reached on correcting duty inversion in the textiles sector by prescribing revenue neutral rate on fabrics and garments.
Minister of State for Textiles Darshana Jardosh said in Parliament that th..
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Saturday, 31 July 2021
Indian textile industry: 75% placement rate under Integrated Skill Development Scheme
So far 1.1 million persons have been trained in diverse segments of Textiles under the comprehensive Integrated Skill Development Scheme (ISDS) since the financial year 2010-11 to 2017-18. Out of these, 8.43 lakh (75.6 per cent) persons have been employed.
Sharing the above information..
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Friday, 30 July 2021
Welspun India Ltd.: Over fourfold jump in consolidated net profit in Q1
On the back of strong sales, Welspun India Ltd., the home textiles giant, has reported over fourfold jump in consolidated net profit at Rs. 223 crore in Q1 2021. It posted a consolidated net profit of Rs. 53.75 crore in the same period last financial year.
The company&rs..
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Thursday, 29 July 2021
Century Textiles and Industries: Sales in textile segment grow by 388% in Q1 FY22
Century Textiles and Industries reported a consolidated net profit of Rs. 25 crore for the quarter ended June 2021 (Q1 FY22), on the back of strong operational performance. It had consolidated net loss of Rs. 36 crore in Q1 FY21.
The Mumbai-based company’s net sales during the quarter ..
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Wednesday, 28 July 2021
Vishal Fabrics Limited’s net sales increase by 338% in Q1 FY22
Leading denim manufacturing and fabric processing company and part of Ahmedabad-based Chiripal Group, Vishal Fabrics Limited (VFL) has announced Q1 FY22 results.
During this period, the net sales of the company touched Rs. 294.93 crore, at a growth of 338.10 per cent compared to Q1 FY21. Pro..
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Tuesday, 27 July 2021
Industry worried about skyrocketing cotton price
Indian textile industry is worried due to volatility in cotton prices that account for 60 per cent of the cost of yarn for a spinner.
The textile industry is facing its worst ever crisis due to the COVID-19 pandemic and the steep increase in Indian cotton prices has further destabilised the ..
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Monday, 26 July 2021
Thermotron upgrades its automatic folding machine FX23 to offer better flexibility to garment factories
Thermotron, a Greece-based textile technology company and a leader in producing automatic garment folding/packaging machines, has developed upgraded versions of its renowned automatic folding machine FX23 in 2020-2021 period named FX25 and FX25S.
It’s worth noting here that FX23 was on..
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Saturday, 24 July 2021
56,934 weavers received skill up-gradation training from 2015-16 to 2020-21
From 2015-16 to 2020-21, skill upgradation training was imparted to 56,934 weavers, of which 5,498 weavers belong to Uttar Pradesh.
Minister of State for Textiles Darshana Jardosh informed in Rajya Sabha that Ministry of Textiles (MoT) is conducting training programmes for handloom workers t..
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Friday, 23 July 2021
Advanced textile material for national flag; IIT Delhi start-up joins hands with Flag Foundation of India
SWATRIC, the start-up by the researchers from the IIT Delhi’s Department of Textile and Fibre Engineering, has collaborated with the Foundation for Innovation and Technology Transfer (FITT) and Flag Foundation of India to develop a top-notch and advanced textile solution for the national f..
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Thursday, 22 July 2021
SVP Global Ventures Ltd. declares Q1 FY22 results; profit increases by 6.74%
Mumbai-based leading textile company SVP Global Ventures Ltd. has declared its Q1 FY22 results.
The company, known for cotton yarn manufacturing, sustained the growth posted in the last 2 quarters despite the second wave of COVID-19, which affected the manufacturing industry adversely; in sp..
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Monday, 19 July 2021
Textiles Secretary releases Compendium on MMF-based Garments
Upendra Prasad Singh, Textiles Secretary released Compendium on MMF (Man Made Fibre) Garments during the Executive Committee (EC) meeting of the Apparel Export Promotion Council (AEPC).
He appreciated the efforts of the Council in bringing out the Compendium that covers details of all ..
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Saturday, 17 July 2021
RIL adding more partners to support the textile value chain!
eliance Industries Limited (RIL) is adding more partners to support the textile value chain!
The company runs the Hub Excellence Program (HEP) to support the value chain. Currently, there are more than 55 high-quality value chain players across spinning, weaving, knitting and processin..
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Friday, 16 July 2021
India grabs China’s share in textile exports to USA during January to May ’21
India has outpaced China in terms of growth in share in its textile export value to USA during January to May ’21 period, following a rebound in the market.
According to OTEXA, a trade body of US Department and Commerce, India shipped US $ 2.28 billion worth of textiles to USA in..
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Thursday, 15 July 2021
India will export 10 lakh cotton bales annually to Bangladesh
India will export 10 lakh cotton bales annually to Bangladesh. Soon the Indian Government will sign a memorandum of understanding (MoU) with Bangladesh in this regard.
Bangladesh is one of the largest buyers of Indian cotton for its expanding apparel manufacturing industry and it has a..
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Wednesday, 14 July 2021
Cotton yarn import by China is dominantly increasing!
China’s cotton yarn import is increasing in 2021. According to GACC data, the country imported 168,700 tonnes of cotton yarn in May ’21 – noting a year-on-year (Y-o-Y) increase of 66.24 per cent.
Cumulatively, from January to May 2021, the import of cotton yarn was 97..
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Tuesday, 13 July 2021
Raw material price hike hurting apparel manufacturers’ growth
Despite the Ministry of Textiles (MoT) intervention and investigation of sudden hike yarn price, industry is facing sky-rocketing yarn price.
This hike has threatened beleaguered knitwear industry and apparel manufacturers as the disturbing trend of the price hike seems to be never-ending. T..
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Monday, 12 July 2021
CISMA 2021: Duerkopp Adler gears up to display its latest innovations
A leading German sewing technology company Duerkopp Adler is all set to participate in CISMA 2021 that is scheduled to take place in September this year in Shanghai (China) after a gap of two years due to pandemic.
Duerkopp Adler will be represented in the booth of Shang..
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Thursday, 8 July 2021
ATUFs can see some improvement in near future
Amended Technology Upgradation Scheme (ATUFs), one of the main schemes for Indian textile industry, can see some improvement in near future.
A stakeholders’ consultation on reducing compliance burden in ATUFS, in-line with Government’s commitment towards ease of doing busin..
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Wednesday, 7 July 2021
China’s prices are still the lowest in cotton trouser production, amongst the top destinations!
Cotton trouser has been one of the most imported apparel products in the USA market over the years, and it took a pandemic to reduce its market share from US $ 11.80 billion in 2019 to US $ 9.10 billion in 2020.
However, the start of 2021 is all positive and the import of cotton trouse..
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Tuesday, 6 July 2021
Bengaluru’s garment workers are amongst top priority for vaccination: MP Tejasvi Surya
Across India, vaccination drive is on full swing and various garment factories are also getting their workers vaccinated.
Bengaluru garment factories, where lakhs of workers were struggling few days back to get vaccinated, are now amongst top priority of the Government.
Tejasvi S..
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Monday, 5 July 2021
6 states luring Kitex Garments; Tamil Nadu leads the race
After scrapping its Rs. 3,500 crore expansion plan in Kerala due to the continuous harassment by officials, Kitex Garments has received calls from 6 states including Tamil Nadu and Telangana to invest there.
Sabu M. Jacob, Chairman of the world’s second largest kidswear manufactu..
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Friday, 2 July 2021
Coats certified as a ‘Great Place to Work’ in India
The world’s leading industrial thread company Coats has been certified as a ‘Great Place to Work’ in India.
Coats India has lot of initiatives and programmes that have been implemented to support employee engagement – to mention few, wellness initiatives such as..
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Thursday, 1 July 2021
Fabindia plans to issue IPO
Leading ethnicwear retailer Fabindia Overseas Pvt. Ltd. is planning to issue its initial public offering (IPO) by the end of this year. The company, having 311 stores across 118 cities in India and 14 stores overseas, is aiming to raise about Rs. 3,000 crore.
As per a report ofThe Hind..
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Wednesday, 30 June 2021
Industry reiterates to withdraw custom duty on cotton
Once again, textile industry has urged Government to withdraw 10 per cent customs duty imposed on cotton since 2 February this year.
The Cotton Association of India (CAI) has made this request to the Central Government.
Atul S. Ganatra, President, CAI, wrote a letter to Union Finance Min..
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Tuesday, 29 June 2021
EFI upgrades its Reggiani BOLT digital textile printer
Electronics For Imaging (EFI)has upgraded its digital textile printer – EFI Reggiani BOLT.
The upgrade is a combination of hardware and software enhancements that aim at minimising artefacts, compensating for missing nozzles that may occur over a period of time and enhancing unif..
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Monday, 28 June 2021
Lectra acquires Neteven – a SaaS service provider
Continuing the acquisition spree, Lectra – a leading global technology player in the fashion, automotive and furniture markets – has announced to acquire the French company Neteven.
Founded in 2005, Neteven has developed a particularly innovative offer, based on a SaaS plat..
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Saturday, 26 June 2021
Ministry of Textiles is investigating cartelisation behind hike in yarn prices
The Ministry of Textiles is investigating cartelisation behind hike in yarn prices. Textile Commissioner has been directed for the same.
Smriti Irani, Union Minister of Textiles has said, “There is a need to undertake a third party study of sudden spikes in cotton ..
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Friday, 25 June 2021
Apparel industry welcomes MoT’s probe of cartelisation regarding sudden spike in yarn prices
Indian apparel exporters have welcomed the Textile Ministry’s intent to find evidence of cartelisation, which is resulting in sudden spike in cotton yarn prices. This decision is important to prevent supply chain imbalances and will protect lakhs of livelihoods.
Apparel manufactu..
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Thursday, 24 June 2021
How COVID-19 is impacting apparel industry’s events worldwide
As the world reels under the effect of the coronavirus pandemic that is shutting down entire economies in its wake, the apparel and fashion world is forced to respond rapidly and effectively to deter exacerbating the spread of COVID-19. The domino effect that started with Wuhan in China has cata..
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Thursday, 24 June 2021
Apparel retailers planning to close stores in malls as protest over ‘delay’ in rental relief
Many top retailers are planning to shut their stores In Delhi-NCR on Thursday and Friday to protest against what they termed delays in getting rental reliefs from the shopping centres. These retailers include Puma, Levi’s, Aditya Birla Fashion, Arvind, Lacoste, Biba and Glob..
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Wednesday, 23 June 2021
India needs to increase domestic supply of quality viscose fabric
Apparel Export Promotion Council (AEPC) held a webinar on sourcing of viscose fabric in association with Birla Cellulose. The event is an effort towards AEPC’s aim to fill the supply gap of viscose fabric in India.
Dr. A. Sakthivel, Chairman, AEPC insisted that India needs to inc..
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Tuesday, 22 June 2021
Textile and apparel companies continue support to overcome the pandemic
To overcome the COVID-19 pandemic, Indian textile and apparel industry is continuously supporting the society and Government at different levels.
In Kasna (Greater Noida), various companies have come together with UP State Industrial Development Authority (UPSIDA) and st..
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Monday, 21 June 2021
Amazon India sees 40% growth in fashion category
E-commerce giant Amazon achieved 40 per cent Y-o-Y growth in its fashion category in FY21 and out of this 65 per cent of the demand emerged from Tier-II, Tier-III and Tier-IV regions, the company said.
Saurabh Srivastava, Director and Head, Amazon Fashion India said, “Fashion and..
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Saturday, 19 June 2021
Sanjay Leekha of Alpine Apparels takes charge as Chairman of Council for Leather Exports
Sanjay Leekha, MD, Alpine Apparels, Faridabad took charge as Chairman of Council for Leather Exports (CLE). Earlier he was the Vice-Chairman of CLE.
Dedicated to increase the export of leather goods, under the aegis of Ministry of Commerce and Industry, CLE is working in multi-directio..
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Friday, 18 June 2021
AEPC seeks Tamil Nadu’s state policy for exports
The Apparel Export Promotion Council (AEPC) has urged the Tamil Nadu Government to formulate a policy exclusively to promote exports.
A. Sakthivel, Chairman, AEPC met the state’s Industry Minister Thangam Thennarasu and sought an export policy for the State.
..
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Thursday, 17 June 2021
Clothing demand in Canada declines in April over March; 4 Asian countries tap growth in top 10 tally
After posting significant M-o-M growth from January to March in 2021, Canada’s apparel import was down in April ’21 as compared to the import value registered in March ’21.
The North American country imported US $ 694.67 million worth in apparels in April ’21, declini..
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Wednesday, 16 June 2021
Textile industry fervently appeals Government to withdraw 10% cotton import duty
The Southern India Mills’ Association (SIMA) has fervently appealed to the Union Finance Minister to withdraw the 10 per cent cotton import duty as it is severely hurting the global competitiveness of the Indian textile and apparel industry.
Industry strongly believes that import duty ..
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Monday, 14 June 2021
Online fashion order volumes down by 4% in FY21, impacted by sale of occasion and formal wear
A study on the online fashion market by e-commerce enablement company Unicommerce says that overall online fashion order volumes were down by 4 per cent in FY21 compared to FY20, as the pandemic impacted the sale of occasion and formal wear.
While the kidswear segment took the industry b..
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Saturday, 12 June 2021
Cotton MSP hiked by Rs. 211 per quintal
The Union Government has increased the Minimum Support Price (MSP) of cotton by Rs. 211 per quintal (3.8 per cent) to Rs. 5,726 for medium staple variety, and by Rs. 200 per quintal to Rs. 6,025 for long-staple variety of cotton for the 2021-22 crop year (July-June).
The decision was taken b..
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Friday, 11 June 2021
Bihar to have its textile policy soon!
Shahnawaz Hussain, Industry Minister of State, has said that Bihar will soon announce textile and leather policy.The preparations are underway in this regard.
Addressing a webinar, the minister said that the Union Government has assured full support to the state in this regard. However..
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Thursday, 10 June 2021
Credit availed by the textile and apparel sector witnesses 20% decline
The total amount of credit availed by the textile and apparel sector as of December 2020 stood at Rs. 1.62 lakh crore, which witnessed a Y-o-Y decline of nearly 20 per cent.
This is due to the suspension of manufacturing activities in the immediate aftermath of the COVID-19 lockdown in..
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