Textile Sector

Tridib Pathak of Avendus PMS says India has demonstrated remarkable economic stability, particularly in the last two-and-a-half years, making it a more attractive investment destination.

Government issues operational guidelines for PLI scheme for textiles sector

As per the prescribed norms, the scheme will be in operation from September 24, 2021 to March 31, 2030 and the incentive under the scheme will be payable for a period of 5 years only.

States demand GST rate hike on textiles be put on hold

In the pre-budget meeting chaired by Union FM Nirmala Sitharaman, states like Gujarat, West Bengal, Delhi, Rajasthan and Tamil Nadu said that they are not in favour of a hike in GST rate on textiles to 12 per cent, from 5 per cent currently, with effect from January 1, 2022.

Withdraw plan to hike GST rate on textile, apparel items: Telangana Minister to Centre

In a letter to Union Textiles Minister Piyush Goyal, Rama Rao said for the past two years, the handlooms sector has been going through a difficult phase due to coronavirus pandemic.

Lockdown: 1 crore job cuts likely in textile industry without govt support, says CMAI

Seeking a financial package from the government for the industry, Mehta said interventions like wage subsidies must be taken up, otherwise there would be huge job losses.

Govt will provide jobs to 2 lakh youths in textile sector in 2 years: Jharkhand CM

Das said the 3rd ground breaking ceremony of Momentum Jharkhand-a Global Investors Summit (GIS) will be held in Bokaro in December, according to an official release.

Arun Jaitley rules out lowering GST rate for textiles sector

Amid protests in Gujarat by textile traders who are demanding rollback of 5 per cent GST on fabrics, Finance Minister Arun Jaitley said it is not correct to say that textiles sector was never taxed in independent India.

GST problems aplenty for unauthorised textile sector

Unorganised players constitute over 80 percentage of India's retail market.

Textile industry 'positive' about GST rate: Official

Whether cotton, jute or silk, "we said that the textile sector should have a five per cent GST," A Madhukumar Reddy, Joint Secretary, Ministry of Textiles, told reporters here.

GST impact: Textile stocks in focus as govt sets multiple tax rates

The GST Council has decided that under GST, jute & silk would attract nil rate, all categories of yarn would be taxable at 5 percent (excluding manmade yarn which would be liable to 18 percent) and fabrics of all categories would be liable to a tax at 5 percent.

Forget Sensex or Nifty, these top ten sectors likely to sizzle hot in FY18

Going by the buzz on D-Street, we have collated a list of top ten sectors from various experts which are likely to remain in the spotlight in FY2018.

Irani reviews scheme to impart skill development in textiles

Union Minister Smriti Irani today reviewed implementation of the Integrated Skill Development Scheme(ISDS) and suggested measures to strengthen its monitoring mechanism and increase its outreach for imparting training to individuals in the textile sector.

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.

Import of second hand machines hurting textile industry: Irani

The convocation was also presided over by ex-cricketer and former BJP MP Chetan Chauhan.

Jharkhand has immense prospects in textile sector: Raghubar Das

People of the state could be attracted to this sector with the goverment helping the textile companies evincing interest in setting up industries, an official release said quoting Das, who had a meeting with a delegation of Orient Craft.

Centre trying to link textile sector with tourism: Gangwar

"As many as 24 textile parks have been set up in different parts of the country in the last two years of the BJP-led NDA government. Now, we are trying to link this key sector with tourism," Union Textile Minister Santosh Gangwar said.

Textile sector sops have 3-year sunset clause: Eco Affairs Secy

In an interview with CNBC-TV18's Shereen Bhan, Economic Affairs Secretary Shaktikanta Das talked about the Cabinet decisions announced today: sops for the textile sector, spectrum auction as well as extension of UDAY scheme.

Govt approves sops to boost textiles manufacturing, exports

"Cabinet has approved concessions to boost manufacturing and exports in textile sector," official sources said.

Textile sector seeks govt support to boost exports

"Some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competing countries need to be addressed on a war footing," Textile Export Promotion Council (Texprocil) Chairman R K Dalmia said in a statement here.

Must 'reset' to new rupee level; RBI, Fed talks eyed: IIFL

R Venkataraman, MD, India Infoline, feels the rupee will have to find a new value and the entire market needs to reset to the new value of the currency.

M'rashtra gets Rs 1,550cr investment proposals in textiles

The Maharashtra government has received investment proposals worth Rs 1,550 crore in the textile sector after it announced a new policy to boost development in the cotton-growing regions of the state.

SP Tulsian neutral on textile sector

SP Tulsian, sptulsian.com is neutral on textile sector.

Fall in cotton prices a good sign for industry: Alok Ind

Textile sector has been doing very well in the past several weeks and one of the reasons behind the performance has been 37% fall in cotton prices on high acreage. In an interview with CNBC-TV18, Sunil Khandelwal, CFO of Alok Industries, spoke about how the textile industry is dealing with a consistent and sharp fall in cotton prices.

Malkani`s view on textile sector

Jagdish Malkani, Member NSE/ BSE view on textile sector.

Find out: Tulsian's views on Tata Coffee, Nitco and more

SP Tulsian of sptulsian.com, in an interview on CNBC-TV18 gave some of his multibagger ideas for investors. Stocks and sectors he has looked at are Bayer CropScience, Nitco Tiles, Tata Coffee, Acropetal Technology, sugar sector, cement sector and Gokaldas Exports.