Page 7 - Textile Industry

RBI's 'caution list' fear shatters textiles exporters

Feared with inclusion of name in the "Caution List" of the Reserve Bank of India (RBI) would prevent them from exports, the textile exporters have urged the banking sector regulator to remove names of companies with good track record.In a letter to the RBI, the apex textiles exporters' body The Cotton Textiles Export Promotion Council (Texprocil) has requested for an update in the centralized banking system before making the "caution list" for pending shipping bill public.The EDPMS (Export Data Processing and Monitoring System) which has been introduced by the RBI to monitor payments against export bills requires all banks to report in this system detail of the export proceeds realization pertaining to the shipping bills filed after February 28, 2014."There are many shipping bills against which payments have already been realized and the electronic bank realisation certificates (e-BRCs) have been issued by the concerned banks. But the EDPMS is yet to be updated by the banks. It is ...

Be the change you to see: Dolly Kumari and her success at textile industry

Apparel segment expected to grow at annual growth rate of more than 13% over the next 10 years

Textile sector seeks 5% taxes under GST across all value chains

Uniform 5% rate will boost production and help create 35 mn jobs and attract $200 bn by 2025

Cash crunch hits daily operations

In the fifth of a six-part series, Business Standard visits Coimbatore, often referred to as the Manchester of South India for its promising textile industry, to assess the impact of the note ban

Duty drawback facility extended for textiles

Increases rates for home textiles, cotton products; the move will help raise textiles exports, says industry

Govt to cut excise duty on man-made fibre soon

India's fibre demand is likely to more than double in 10 years on the government's increasing impetus on the textiles sector

Achieving garment exports target remains a challenge: Icra

Centre on Wednesday approved Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years

'Incentives announced for textiles will help create jobs'

Union Cabinet on Wednesday approved a Rs 6,000 crore package for textiles and apparel sector

Ready-made garment prices to rise 5%

The duty was levied on garments with retail price over Rs 1,000, which, according to industry sources, forms half of the organised apparel retail industry