Page 2 - Textile

Govt making efforts to get duty concessions on textile via FTAs: Goyal

Goyal also thanked the prime minister for the decision to defer the increase of GST slab from five per cent to 12 per cent for the textiles sector

Centre deferred GST hike on textiles fearing defeat in upcoming polls: Cong

The Congress claimed that Centre deferred the hike in GST on textiles from 5 per cent to 12 per cent out of fear of losing upcoming Assembly elections in five states and later in Gujarat.

Textile industry plays major role in boosting India's economy: Sisodia

Sisodia made the comments at the GST Council meeting where Delhi government along with others opposed the decision to hike GST on textiles

India Inc welcomes deferment of proposed GST hike on textiles

The proposal intended to hike GST rate on apparel from 5 to 12 per cent

Hiking GST on handlooms, textiles will ring death knell for industry: TRS

: The working president of ruling TRS in Telangana K T Rama Rao on Friday claimed that the enhancement of GST on handlooms and textiles from five to 12 per cent would be a death knell for the industry. Rama Rao, State Minister for Industries, urged Prime Minister Narendra Modi to intervene in the matter to save weavers. "Hon'ble @narendramodi Ji, on the national handloom day you had talked of strengthening #Vocal4Handmade. Contrary to the idea, your govt has enhanced GST on Handlooms & Textiles from 5 to 12 % which will be a death knell for the industry. Request you to intervene & save weavers," Rama Rao, son of Chief Minister K Chandrasekhar Rao, tweeted.

Time to target 5 times rise in export of technical textiles in 3 yrs: Goyal

Union Commerce Minister Piyush Goyal on Friday said that the time has come to target a five times increase in the export of technical textiles in three years.

Fearing WTO backlash, govt puts on hold textile PLI export targets

Govt officials say they are cautious as they don't want to be trapped in the WTO quagmire

Covid cuts Tirupur garment hub biz, 10% orders go to other nations

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Kitex Garments hits 52-week high, zooms 50% in three days

The company plans to invest Rs 1,000 crore in Telangana

Jeh Wadia steps down as managing director of Bombay Dyeing & Manufacturing

As an interim measure its day-to-day management would be looked after by the CEO and CFO of the company.

Bareilly to soon have a textile park: Uttar Pradesh CM Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath has said that Bareilly district will soon have a textile park as all hurdles regarding the same have been cleared

Covid-19 pandemic disrupts Arvind Ltd's Rs 440 cr cost-cutting plan

Company expects a sharp fall in demand for its products and sagging sales in the first quarter of the current fiscal

UP maps migrant skills, aims to clones textile story of Vietnam, Bangladesh

Over 12,000 workers found to be trained in garment making and tailoring so far; more than 2.3 million have returned to UP from different states

As oblivion looms over weavers, a group is speaking for their survival

The group's chief believes that reviving the handicraft and handloom sector could be a critical step in developing a more robust economy

Coronavirus hits UP's silk, embroider trade as raw material supplies dry up

The rates of raw silk yarn and embroidery material have gone up drastically

India's garment industry has missed the 'coronavirus' bus. Once again

The virus in China and a withdrawal of EU concessions to Cambodia offer two major opportunities for Indian garment exporters - but none of them are in a position to gain

ITF to focus on four core areas to improve overall business performance

ITF had submitted CRISIL Research report with a large sample size of 1,800 Spinning and RMG companies to the Textiles Ministry and requested for a financial restructuring package for needy units

Coronavirus: Textile secy suggests India capture apparel mkt ceded by China

Capoor said it would be the right time to bring the industry together and have a small dialogue to "see how the industry associations are prepared for this opportunity"

Business in north-east region should focus on textiles, agriculture: DPIIT

The government has rolled out the North East Industrial Development Scheme, 2017 to promote industrialisation and job creation in this region

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history