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  • 'Pleased to inform’ promoter died: Company trolled for exchange filing Aug 27, 2022 09:40 AM IST

    'Pleased to inform’ promoter died: Company trolled for exchange filing

    A Rajasthan-based company was schooled about the dangers of blindly following templates.

  • Coal India says to up supply to non-power sectors driven by buffer stock Feb 12, 2022 04:07 PM IST

    Coal India says to up supply to non-power sectors driven by buffer stock

    Coal India has over 37 million ton of coal at its pitheads and therefore, it is considering increasing supply to consumers other than power companies.

  • Textile manufacturers in Tamil Nadu plan hunger strike on January 21; CM Stalin urges Centre to curb cotton price Jan 20, 2022 08:21 AM IST

    Textile manufacturers in Tamil Nadu plan hunger strike on January 21; CM Stalin urges Centre to curb cotton price

    “The apparel and garment manufacturers in Tamil Nadu have been representing the grim situation of cotton and yarn price volatility and its adverse impact on the price of fabrics and garments,” the Chief Minister said in the letter.

  • Explained: Why GST on textiles, apparel is being changed; industry’s concerns Dec 27, 2021 06:50 PM IST

    Explained: Why GST on textiles, apparel is being changed; industry’s concerns

    With the GST rate set to be harmonised across the textile chain, the move will impact manufacturers and consumers, coming on the back of the pandemic and higher raw material costs

  • GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts Nov 24, 2021 08:58 PM IST

    GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts

    The Finance Ministry on November 18 notified a 7 percent increase in GST applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent, effective January 2022.

  • Bihar has potential to become textile hub of eastern India: Minister Oct 05, 2021 08:11 AM IST

    Bihar has potential to become textile hub of eastern India: Minister

    Speaking at the East India Summit organised by the Confederation of Indian Industry (CII), Hussain said, "After the success of ethanol policy, textile and leather policies will also set an example in the country. Bihar has full potential to become a textile hub of eastern India. The state is witnessing a new industrial revolution."

  • Cabinet announces Rs 10,683 crore PLI for Man Made Fibers & technical textiles Sep 08, 2021 02:30 PM IST

    Cabinet announces Rs 10,683 crore PLI for Man Made Fibers & technical textiles

    The government also plans to sign free trade agreements with other nations to secure the competitiveness of India's textile exports.

  • Cabinet may approve PLI scheme for MMF, technical textiles on September 8 Sep 07, 2021 03:27 PM IST

    Cabinet may approve PLI scheme for MMF, technical textiles on September 8

    The proposal is expected to come up before the Union Cabinet meeting on Wednesday, the official added.

  • The devil wears vegan leather Aug 07, 2021 11:50 AM IST

    The devil wears vegan leather

    Hollywood stars such as Catherine Zeta Jones and Natalie Portman have backed vegan leather manufacturing. But where is vegan leather coming from? The answer – startups making quality materials from pineapple, mushroom, cactus and other plants.

  • Coronavirus impact | Large-scale job losses likely in textile and retail sectors Apr 13, 2020 08:56 PM IST

    Coronavirus impact | Large-scale job losses likely in textile and retail sectors

    The industries expect government support for only a short duration – just long enough for them to survive and ensure, in turn, the survival of millions of livelihoods

  • COVID-19 | The economy needs a reboot and more needs to be done Apr 09, 2020 01:10 PM IST

    COVID-19 | The economy needs a reboot and more needs to be done

    The pandemic has taught us the pitfalls of depending on other countries to meet our essential supplies. This is an opportune moment to focus and boost the Make in India programme

  • India's textile industry reeling under COVID-19 impact Apr 07, 2020 04:24 PM IST

    India's textile industry reeling under COVID-19 impact

    India's textile sector employs over 105 million people.

  • New textile policy will address all issues: Textile Secy Ravi Capoor Feb 13, 2020 08:45 PM IST

    New textile policy will address all issues: Textile Secy Ravi Capoor

    The new policy would address power cost, credit cost and its availability and expedite conclusion of the free trade agreements with EU, the UK and other countries to boost exports, a press release from the Confederation of Indian Textile Industry (CITI), which organised the session, quoted Capoor as saying.

  • India's textile and apparel exports to reach $300 bn by FY25: Invest India Jan 13, 2020 05:42 PM IST

    India's textile and apparel exports to reach $300 bn by FY25: Invest India

    The textiles and apparel industry contributes 2.3 per cent to India's GDP and accounts for 13 per cent of industrial production, and 12 per cent of the country's export earnings.

  • Zhili has become the children’s garment centre of the world Dec 04, 2019 07:40 PM IST

    Zhili has become the children’s garment centre of the world

    Zhili has managed to free itself from the clutches of some of the crudest forms of industrialization and return to its ancient roots that lay in weaving, knitting and pastoral settings.

  • Govt to develop 40 new HSN codes for technical textiles sector Aug 29, 2019 08:19 PM IST

    Govt to develop 40 new HSN codes for technical textiles sector

  • Budget 2019: These ministries have received the highest and lowest fund allocation Jul 05, 2019 10:39 PM IST

    Budget 2019: These ministries have received the highest and lowest fund allocation

    The Ministry of Steel has seen a growth in fund allotment of 56 percent, followed by Ministry of Coal at 48 percent and Department of Heavy Industry at 32 percent.

  • Raymond to enter real estate business Apr 03, 2019 01:19 PM IST

    Raymond to enter real estate business

    The new real estate arm named 'Raymond Realty' will build 3,000 units in the first phase of the project in a period of five years with potential revenues of over 35 billion rupees ($510.90 million), the company said.

  • Govt clears scheme to rebate central, state embedded taxes for textiles sector Mar 07, 2019 09:20 PM IST

    Govt clears scheme to rebate central, state embedded taxes for textiles sector

    'The MEIS scheme offered 4 per cent support which was not available beyond December 31,' Singh told reporters.

  • Govt to organise outreach programme for Textile MSMEs on February 13 Feb 12, 2019 02:03 PM IST

    Govt to organise outreach programme for Textile MSMEs on February 13

    Prime Minister Narendra Modi had launched the 100 days programme for support and outreach to Micro, Small and Medium Enterprises (MSMEs) on November 2, last year, identifying 100 districts in various sectors across the country.

  • India to soon have own standard of apparel size: Smriti Irani Jan 20, 2019 05:28 PM IST

    India to soon have own standard of apparel size: Smriti Irani

    Addressing the 'Textile Conclave' at the Vibrant Gujarat Global Summit, Irani said a study will be carried out before introducing the 'Size India' project for apparel measurement.

  • We are eyeing turnover of Rs 5,000 crore by 2020: KVIC Chairman VK Saxena Nov 02, 2018 09:06 PM IST

    We are eyeing turnover of Rs 5,000 crore by 2020: KVIC Chairman VK Saxena

    "The Make in India push by our Prime Minister has also given Khadi the right kind of attention," he said.

  • SBI takes 60% haircut in sale of Bombay Rayon debt Aug 31, 2018 02:32 PM IST

    SBI takes 60% haircut in sale of Bombay Rayon debt

    SBI has initiated sale of exposure through the Swiss challenge method on the request of the three banks which were a part of the consortium of lenders

  • Industry challenges impact export-focused home textile companies in Q1 FY19 Aug 29, 2018 07:29 PM IST

    Industry challenges impact export-focused home textile companies in Q1 FY19

    While the rupee’s depreciation against the dollar in recent times could offer some respite to home textile majors, the near-term outlook for the sector as a whole is far from promising.

  • India's textile, apparel sector on cusp of turnaround: CITI Aug 24, 2018 07:32 PM IST

    India's textile, apparel sector on cusp of turnaround: CITI

    As per the data by the DGCI&S, exports of textiles and apparel increased by 11 percent in July 2018.

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