A Rajasthan-based company was schooled about the dangers of blindly following templates.
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.
“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.
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
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.
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."
The government also plans to sign free trade agreements with other nations to secure the competitiveness of India's textile exports.
The proposal is expected to come up before the Union Cabinet meeting on Wednesday, the official added.
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.
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
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 sector employs over 105 million people.
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.
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 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.
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.
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.
'The MEIS scheme offered 4 per cent support which was not available beyond December 31,' Singh told reporters.
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.
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.
"The Make in India push by our Prime Minister has also given Khadi the right kind of attention," he said.
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
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.
As per the data by the DGCI&S, exports of textiles and apparel increased by 11 percent in July 2018.