Textile Export

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Tiruppur contributed around 54.2 per cent of the country's textile exports last fiscal

The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry

The country's exports of textiles and apparel, including handicrafts, rose to $29.8 billion during April-December this fiscal as compared to $21.2 billion in the same period last year

The demand for textile products and also domestic sales have come down to a grinding halt due to the panic situation created by the outbreak of Covid-19.

Delay in policy support blocks working capital, promoters increase stake in companies on revival hopes

The textiles and apparel industry contributes 2.3 per cent to India's GDP and accounts for 13 per cent of industrial production, and 12 per cent of the country's export earnings

"As the matter is still under consideration of the PM Office and we are hopeful that we will get a positive response at the earliest," HEWA Director Anant Srivastava told PTI

The industry saw nearly 300,000 tonnes of new capacity across the entire value chain in the past two to three years

The govt's serial failures to negotiate free trade agreements, and the industry's dependence on duty drawbacks at the expense of innovation are causing the textile industry to lose out to Bangladesh

Last week, the government extended the scheme to merchant exporters, who form a major part of India's textile and apparel exports

Despite Government's decision to enhance Merchandise Exports from India Scheme (MEIS) and Remission of State Levies (RoSL) for textile sector, the second largest employment generator, the industry says shortfall is 2.7 per cent compared to pre-GST era.In a notification on Saturday late evening, Centre said post-GST rates of RoSL are upto a maximum of 1.70 per cent for cotton garments, 1.25 per cent for MMF, Silk and Woolen garments and 1.48% for apparel of blends.Rates are upto a maximum of 2.20 per cent for cotton made-ups, 1.40 per cent for MMF and silk made-ups and 1.80% for made-ups of blends. For sacks and bags made of jute, the rate is 0.60%. The RoSL rate for garments under AA-AIR combination is 0.66 per cent.These rates shall be effective from October 1, 2017. Further, DGFT has enhanced the rates under the MEIS from 2% to 4% on RMG and made ups from November 2017 to June 2018. For MEIS, Rs 1,143.15 crore was allocated for 2017-18 and Rs.685.89 crore in 2018-19.This is to ...

Data from the ministry of textiles shows a five per cent fall to $34.9 billion for 2016

WEAK FABRICIndia's overall textiles exports ($ billion)*Calendar year Apparel Textiles2011 13.4 33.02012 12.9 32.52013 14.4 36.22014 16.5 38.12015 17.1 36.72016 17.0 34.9Source: IcraTextile export contracted in calendar year 2016 for a consecutive year, due to weak global demand and India's losing competitiveness.Data from the ministry of textiles shows a five per cent fall to $34.9 billion (Rs 2.3 lakh crore) for calendar 2016, from $36.7 bn in 2015. In September 2016, the central government announced a Rs 6,000-crore package to boost textile export. This was on recommendations from the industry, and a commitment from it to raise annual export to $50 bn and create 100,000 new jobs."Textile demand remained sluggish, following uncertainty in globally economy. And, India has been losing its competitiveness to China, due to almost flat (rise in) cost of production there and depreciation in their currency. In contrast, the cost of production had increased sharply in India over the past ...