Page 2 - Textiles

Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore

Companies have to inform the ministry of textiles about their annual investment plan.

Amit Mitra urges PM to call GST meet to reverse tax hike on textiles

He had accused the Centre of not discussing the issue in the GST council before announcing the hike

A tough yarn for textiles: High input costs, GST expected to crimp margins

From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350

Volume, export growth help Arvind Ltd post Rs 71 crore Q2 PAT

Firm had posted a loss of nearly Rs 6 cr in the year-ago quarter

Union Cabinet approves Rs 10,683-crore PLI scheme for textile sector

The scheme will attract fresh investment of over Rs 19,000 crore, a cumulative turnover of over Rs 3 trillion

Top headlines: Rs 10,683-cr PLI for textiles; 8% dip in Maruti's production

Business Standard brings you the top stories this evening

Textiles stocks in demand; Vardhman, Siyaram Silk, RSWM hit 52-week highs

Siyaram Silk Mills jumped 6 per cent to hit a fresh 52-week high of Rs 344 on the BSE

Textile exporters asks buyers to increase prices as raw material costs rise

The textile town in Tamil Nadu exports products worth about Rs 27,000 crore

Van Heusen to increase number of innerwear outlets to 400 in 2-3 years

The company has 45 Van Heusen Innerwear Exclusive stores, more than 350 Van Heusen mainline exclusive stores and Planet Fashion - 260 stores

Govt nod to Technical Textile Mission with Rs 1,480-crore outlay

Indian technical textiles segment is estimated at $ 16 billion or 6% of the $ 250-billion global market

Govt considers making technical textiles must for ministries to boost jobs

Technical textiles are functional fabrics used in multiple industries such as automobile, construction, and agriculture

Maharani Gayatri Devi acts as muse for a showcase of heirloom textiles

Textile and handicraft revivalists treat Gayatri Devi as muse to showcase heirloom traditions at an upcoming Mumbai exhibition

Why India badly needs an export boost to reverse its economic slump

Almost all the talk at present is about import substitution and raising tariffs, but a fundamental reason for India's recent slowdown has been its failure to generate export momentum, writes T N Ninan

Textile scrips rise on revival in sentiment

The share price of textile companies jumped by up to 10 per cent on Thursday, on expectation of a sharp recovery in textile and apparel export in the coming months, due to less shipment from China. The domestic market is also gradually overcoming the dull demand sentiment which had arisen out of demonestisation of high value currency notes in November 2016.The share price of Trident jumped by 9.8 per cent to close on Thursday at Rs 87.90. Garden Silk and Banswara Syntex rose seven per cent and 5.6 per cent to Rs 33.65 and Rs 151.30, respectively. Garware Synthetics and Nahar Spinning rose by 4.9 and 2.6 per cent.Trade sources believe India's share in the global textile market would rise after China's decision to reduce energy and personnel-intensive industries, including textiles and apparel. With around 39 per cent market share, China leads in global textile export. India's share is five per cent."While the domestic market suffered a temporary setback, with the entire trade at a ...

Welspun to set up Rs 600-cr carpet manufacturing facility in Gujarat

It has also started a wastewater treatment facility at Anjar. Welspun will reuse the treated water from this facility for its production activities, thus reducing its dependency on Narmada river

Duty drawback benefit extended for home textile

The government extended 5% duty drawback benefit to the made-ups (including towels, bed sheets, curtains decorative cotton products etc.) sector

Adoption of modern technology to accelerate Indian textile industry's growth

As the industry aims to double its exports and turnover in next five years, it will give a big fillip to textile machinery sector, says India ITME Society

Handloom & handicraft industry eyes new markets for exports

Textiles Ministry signs MoUs with 20 e-commerce companies to help weavers & artisans market their products directly

Enhance production capacity of textile machinery: Smriti Irani

There is need for support of state governments in expanding manufacturing capacity and employment generation capacity, says the Textiles Minister

Separate export incentive package on cards for 'made-up' sector

The sector had been left out of the Rs 6,000 crore package announced for textiles in June this year