Textile Ministry

India’s textiles ministry has decided to extend the date for filing applications under its production-linked incentive scheme by two months, the government said on Thursday.

Government to provide aid of upto Rs 50 lakh to startups in technical textiles

As per the guidelines, a memorandum of understanding (MoU) will have to be signed between the selected startups and the incubator.

Textile Ministry receives applications from 67 firms for PLI in man-made fibres, techtex

The PLI scheme for textiles covers 40 man-made fibre (MMF) garment items, 14 MMF fabric goods and 10 technical textile products.

Govt explores national brand for textiles for global market

The ministry will also seek feedback to improve functioning in several key aspects of the sector, which is a high employment creating industry.

Textile Ministry expects early nod for Rs 170 crore knitwear package

The move comes in the backdrop of the reforms announced by the government for generation of one crore jobs in the textile and apparel industry over next three years

New textile policy seeks special focus on handicraft

According to sources, the approach involves incentivising expansion of production base for quality manufacturing of handicraft products used for interior decoration and lifestyle purposes.

FDI in textiles 'far from satisfactory': Study

"Despite India offering a large domestic market, competitive labour costs and a well working democracy, its performance in attracting FDI flows has been far from satisfactory," the study commissioned by the Textile Ministry has observed.

Textile Ministry plans policy intervention for jute sector

The Union Textile Ministry is considering policy intervention, both long-term and short- term, to address the issues impeding the growth of the jute industry upon which the economy of West Bengal is highly dependent.

Textile body seeks reforms in CCI

Since the directive will give a boost to "Make in India", a fresh study should be carried out to know how the domestic textile industry can use CCI for its benefit and bring in reforms to suit today's changing global environment, Secretary of Indian Texpreneurs Federation (ITF) Prabhu Dhamodaran said.

Cabinet likely to clear textile policy tomorrow: Sources

After an FDI push, the Cabinet along with the Cabinet Committee of Economic Affairs will meet on June 22 to chart out a new textile policy to incentivise garments manufacturing through value-added services, said Shereen Bhan of CNBC-TV18, quoting sources.

Govt hikes raw jute MSP by 18.5% to Rs 3,200/qtl for 2016-17

The Textile Ministry had sought an MSP of Rs 3,650 per quintal for this year, while other ministries and even Niti Aayog had pitched for marginal increase in the jute MSP by Rs 300 per quintal, keeping in view the inflationary trends, sources added.

Govt expects Rs 30,000 crore investment in 74 textile parks

"This is a good time for textile. We are planning to launch the new textile policy by April. We are mainly focusing on manufacturing of value-added products and export-oriented goods that will benefit the economy," Minister of State for Textile Santosh Gangwar told reporters at 'Make in India' Week here today.

Agri Min proposes 18.5% hike in jute MSP for 2016-17

In the Cabinet note, Agriculture Ministry has proposed an 18.5 percent increase in jute MSP for 2016-17, which is in line with the CACP's recommendation, according to sources.

Ailing textile industry gets ministry boost

The textile ministry is all set to move cabinet soon and seek Rs 1 lakh crore under the restructured Technology Upgradation Fund Scheme (TUFS). This will facilitate expansion plans of textile companies, reports Malvika Jain.

RBI not to relax NPA norms for textile companies

There is some bad news for textile companies. The Reserve Bank of India (RBI) has struck down a proposal to relax NPA norms for textile companies, even after it was announced as a part of the much publicised debt restructuring package sector.

Pawar writes to PM, criticises curbs on exports

Irked by curbs on milk, cotton and sugar exports, Agriculture Minister Sharad Pawar has shot off a letter to Prime Minister Manmohan Singh stating that the government's policies are hurting farmers who are being asked to subsidise the industry.

Govt intervenes in cotton mkt to stabilise prices, supply

The Textile Ministry has asked the Cotton Corporation of India (CCI) to intervene in the market and buy 25 lakh bales of cotton, reports CNBC-TV18's Rituparna Bhuyan.

Cotton exports may remain unrestricted for 2011-12: Menon

India's cotton exports are likely to remain unrestricted for the 2011-12 season starting next month, but the government is yet to take a final decision on the matter, a top textile ministry official said today.

Textile Min seeks large allocation for parks in 12th Plan

The Textile Ministry has sought larger allocation for integrated textile parks in the 12th Five Year Plan, a senior official said here.

Textile Min seeks nod for more Technology Upgradation Funds

The Textile Ministry has sought the cabinet’s nod for additional Technology upgradation funds scheme, reports CNBC-TV18 quoting sources. The Textile Ministry has reportedly asked for Rs 2,003 crore from the cabinet for 2011-2012 under the Technology Upgradation Funds Scheme and for Rs 5,500 crore from to pay for past commitments.