Textile Industry

Welspun Living Ltd is a prominent home textiles player with a global presence, offering diverse products like towels, bed sheets, and rugs, while expanding through strategic investments, brand growth, and innovative solutions.

Centre prepares roadmap for 6 crore jobs in textiles sector by 2030

For the sector to reach this target from the present $165 billion, a wide-ranging blueprint is in the works, Textiles Minister said.

Budget may announce a National Textile Fund; tax relief to boost exports likely: CNBC-Awaaz

A proposal is also being considered to offer capital subsidy to textile companies for adoption of renewable energy, CNBC-Awaaz reported, citing sources.

Indian Silk Industry: This place is very famous for their types of silk

Thirubuvanam Silk sarees are easily identified in the textile industry. This silk is also special because it has got the geographical code. Thirubhuvanam Silk is one of the many prides of Thanjavur district.

Govt approves 18 R&D projects of technical textiles

The approved projects were led by institutes and research bodies like BTRA, ATIRA, IIT Delhi, IIT Jammu, NIT Jalandhar, IIT Kharagpur, CSIR New Delhi, and IIT Madras, among others.

Raymond plans to hire 3,000 this year, move to manufacturing 4.0 in 2-3 years: HR head

K Narayan, President of HR at Raymond, in an exclusive interview with Moneycontrol, talks about the debate of ChatGPT eliminating jobs, especially in HR functions, hiring plans of the textile major and shares crucial numbers and progress on gender diversity

Performance based scheme likely to replace Textile Tech Fund: Report

The PLI scheme seeks to provide incentives to the tune of 60 percent based on the investment criteria, incentives will be provided across various facets of the textile industry such as weaving, knitting and spinning, among other segments.

From Shoddy to Mink: Panipat’s blanket manufacturers are out in the cold

A sustained push to the textile industry through infrastructure augmentation, fiscal support, strengthening of vocational training institutes, and facilitation of domestic machine manufacturing to better leverage cluster synergies is the pressing priority for Panipat 

Import duty waiver on cotton: Piyush Goyal tells concerned authorities to finalise matter early

The minister for Textiles and Commerce & Industry held an interactive meeting with the newly constituted Textile Advisory Group in Mumbai on Saturday to address issues relating to augmenting present supplies of cotton and also strengthening productivity.

SIMA hails removal of anti-dumping duty on spandex yarn

The Southern India Mills' Association (SIMA) on Sunday thanked Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman and Union Textile Minister Piyush Goyal for removing the anti-dumping duty on elastomeric filament yarn.

Stalin writes to PM on cotton prices

Chennai, May 16 Flagging the "serious disruptions" faced by the textile industry in Tamil Nadu, Chief Minister M K Stalin has urged the Cent..

Textile industry at a crossroads on soaring cotton prices 

The problem is that if textile mills pass on the impact of higher input prices, that could make India’s export price unviable in global markets

Textile dreams run the risk of fraying easily

PM MITRA and PLI schemes are long-term initiatives and may not be enough to reach $100-billion textile exports goal in five years 

PLI scheme is a stitch in time for India's textile industry

The PLI scheme seeks to restore India's eminent market position in the global textile exporter rankings. The onus is now on companies to rise to the occasion

COVID-19 impact: Clothing manufacturers body CMAI's head says textile industry may see consolidation

Currently, India is going through an unprecedented complete lockdown since March 22, which was extended to July 31, to prevent the spread of coronavirus.

Telangana govt offers incentives to textiles industry

The sops are part of the Telangana Textile and Apparel Incentive Scheme 2017 announced by the TRS government with an aim to attract investments and generate job opportunities for the local population.

Reduce GST on yarn from 18 to 12%: Textile industry

There would be huge accumulation of excess credit with 18 per cent GST rate on yarn and only five per cent GST rate and non-refund of accumulated input tax credit at fabric stage, Southern India Mills' Association (SIMA) Chairman, M Senthilkumar said in a statement here.

New textile policy may be finalised in next three months

The policy aims to achieve USD300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

18% tax to raise prices of garments, madeups:Textile industry

In a statement, Confederation of Indian Textile Industry Chairman J Thulasidharan said the industry is apprehensive about the made-ups and garment sector as the job work related to these still comes under 18 percent service tax slab.

Textile units fret over 18% GST, fear job cuts

The industry is also uneasy about the effect on jobs like weaving, knitting, cutting and packaging, which it fears could hurt the small units badly.

PM to address Jharkhand Global Investments Summit on Feb 16

The February 16-17 Global Summit is being organised to increase per capita income, growth rate and gross domestic product of the state, he said adding well-known industrialists would take part in it.

Trade, industry terms Budget as growth oriented

Almost all the associations and bodies representing commerce and industry welcomed the introduction of Trade Infrastructure Export Scheme with an allocation of Rs 3.96 lakh crore, which will help the Indian exporters to become globally competitive.

Textile ministry urged to keep sector in lowest GST slab

Considering the inherent nature of textile industry, it is justified to keep the sector in the lowest slab of the Goods and Services Tax (GST), Indian Texpreneurs Federation (ITF) has suggested.

GST to boost textile exports, says industry body

Thanking Prime Minister and the finance minister for this historic reform, Indian Texpreneurs Federation (ITF), an apex body of textile sector, expressed confidence about the positive impacts of GST on overall economic growth in the next few years and said it would make the manufacturing sector more competitive.

Textile package will spur employment, investments: India Inc

Government approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of USD 11 billion and generate USD 30 billion in exports.