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  • Rebate extension brings relief for apparel exporters, but more needs to be done Jul 20, 2021 09:03 AM IST

    Rebate extension brings relief for apparel exporters, but more needs to be done

    The reinstatement of the rebate on state and central taxes and levies will make garment exporters competitive

  • Apparel exports fall for 4 years as Bangladesh, Vietnam gain ground Jul 15, 2021 02:19 PM IST

    Apparel exports fall for 4 years as Bangladesh, Vietnam gain ground

    The Cabinet has extended the existing export-promotion scheme for textiles until March 2024 but experts say the sector, which is one of India's biggest job creators, needs more support to face fierce competition from rivals such as Bangladesh, Vietnam and Cambodia

  • With textiles in Piyush Goyal’s portfolio, plan to boost exports and jobs gets rolling Jul 08, 2021 01:26 PM IST

    With textiles in Piyush Goyal’s portfolio, plan to boost exports and jobs gets rolling

    Piyush Goyal, the minister in charge of boosting trade and industry now also has charge of India’s second-largest employment-generating sector. This is expected to create more convergence in policymaking.

  • Kerala badly needs investments from businesses, and not just from Kitex Garments Jul 06, 2021 06:11 PM IST

    Kerala badly needs investments from businesses, and not just from Kitex Garments

    The Kerala government needs to find tax resources to pay for the welfare scheme instead of depending on borrowings. It can ill afford an incident such as the fracas with Kitex Garments.

  • ‘Sheer harassment’ forced withdrawal of Kerala investment plan: Kitex Garments MD Jul 06, 2021 05:57 PM IST

    ‘Sheer harassment’ forced withdrawal of Kerala investment plan: Kitex Garments MD

    Kitex Garments has defended its track record on working conditions and pollution control, against which complaints were received, leading to raids and inspections on the company. It’s optimistic of doing better business this year as the US, its biggest market, recovers from the pandemic.

  • Explained | Kitex Garments controversy: Why the company pulled its proposal to invest Rs 3,500 crore in Kerala Jul 06, 2021 05:52 PM IST

    Explained | Kitex Garments controversy: Why the company pulled its proposal to invest Rs 3,500 crore in Kerala

    The global garments company’s political ambitions may have scuttled its investment plans in Kerala and Kitex is now looking at setting up its projects in other states

  • Yarn mills set to spin a robust tale, but surging cotton prices could play spoilsport Jun 22, 2021 10:31 AM IST

    Yarn mills set to spin a robust tale, but surging cotton prices could play spoilsport

    Although the second wave of the pandemic snapped the uptrend, mill owners are now confident of a resurgence in export demand

  • Coronavirus impact: Siyarams to launch anti-viral fabric in market soon May 20, 2020 05:10 PM IST

    Coronavirus impact: Siyarams to launch anti-viral fabric in market soon

    Siyaram’s is also planning to expand its online business which is currently at 10 percent.

  • Govt identifies 'champion sectors' for hand-holding of various investments: Official May 17, 2020 02:29 PM IST

    Govt identifies 'champion sectors' for hand-holding of various investments: Official

    "We have identified a few champion sectors," the DPIIT Secretary said, adding that these include leather, gems and jewellery, solar, renewables, pharmaceutical and textiles.

  • Centre to look into textile industry's apprehensions on embedded duties: Smriti Irani Jan 21, 2019 03:50 PM IST

    Centre to look into textile industry's apprehensions on embedded duties: Smriti Irani

    She made the remarks at the Textile Conclave organised by Assocham in Gandhinagar on January 20.

  • UK, India fashion designers to boost NE women textile workers Sep 29, 2018 11:50 AM IST

    UK, India fashion designers to boost NE women textile workers

    The British Council and IMG Reliance signed an agreement last month to help exotic indigenous textile products of the region get a global platform through the project

  • Budget 2018: Textile sector gets a Rs 7148 crore boost Feb 01, 2018 03:26 PM IST

    Budget 2018: Textile sector gets a Rs 7148 crore boost

    The total National Handloom Development programme was allotted Rs396.09 crore against Rs470.28 crore that was allotted for the same in 2017-2018

  • Textiles, garment industry not out of the woods yet Dec 29, 2017 11:10 AM IST

    Textiles, garment industry not out of the woods yet

    Garment exporters have been demanding that the duty reimbursement to them be retained at the pre-GST (Goods and Services Tax) drawback rate of 7.5 per cent, amid declining outbound shipments. India's apparel exports declined 39 per cent in value terms in October.

  • Textile - Export data-a mixed bag; higher raw material prices impact 2Q margins: JM Financial Dec 08, 2017 03:39 PM IST

    Textile - Export data-a mixed bag; higher raw material prices impact 2Q margins: JM Financial

    JM Financial has come out with its sector report on Textile dated December 08, 2017. Higher raw material price, reduction in export incentives and INR appreciation impact margins across home textile players in 2Q.

  • Profit pressure of textiles exporters to ease by Q3 of FY18: ICRA report Oct 11, 2017 06:05 PM IST

    Profit pressure of textiles exporters to ease by Q3 of FY18: ICRA report

    Exporters have been facing subdued demand trends in the key importing countries as well as competitive pressures from Bangladesh and Vietnam over the past few years, the report says.

  • Textiles - GST drives change in drawback structure: Edelweiss Sep 25, 2017 12:52 PM IST

    Textiles - GST drives change in drawback structure: Edelweiss

    Edelweiss has come out with its sector report on Textiles dated September 25, 2017. Industry harried over exports slowdown, adverse currency.

  • Time to weave a success story around textiles exports: PM Modi Jun 30, 2017 07:35 PM IST

    Time to weave a success story around textiles exports: PM Modi

    He was speaking after inaugurating the 'Textiles India 2017' seminar at Mahatma Mandir in Gandhinagar.

  • GST Council to finalise rates on gold, textiles tomorrow Jun 02, 2017 02:57 PM IST

    GST Council to finalise rates on gold, textiles tomorrow

    The Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, could also consider a review in tax rates of some goods, besides clearing the rules to be followed for proforma of forms to be filled up once Goods and Services Tax (GST) kicks in.

  • Trident Q4 net profit up 63.59% at Rs 99.66 cr May 09, 2017 03:01 PM IST

    Trident Q4 net profit up 63.59% at Rs 99.66 cr

    The company had posted a net profit of Rs 60.92 crore for the corresponding period of previous fiscal.

  • Textile exports slump 4.5% to $26 bn in April-December Mar 17, 2017 02:15 PM IST

    Textile exports slump 4.5% to $26 bn in April-December

    "The exports of textiles during 2016-17 (April-December) were USD 26 billion compared to USD 27.2 billion during 2015-16 (April-December)," Minister of State for Textiles Ajay Tamta said today in a written reply to the Rajya Sabha.

  • Ind-Ra assigns stable outlook for cotton textiles in FY18 Mar 14, 2017 09:36 AM IST

    Ind-Ra assigns stable outlook for cotton textiles in FY18

    The agency has revised its cotton outlook to stable for FY18 from negative for FY17, in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario.

  • Ind-Ra assigns stable outlook for cotton textiles in FY18 Mar 14, 2017 09:36 AM IST

    Ind-Ra assigns stable outlook for cotton textiles in FY18

    The agency has revised its cotton outlook to stable for FY18 from negative for FY17, in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario.

  • Corporate credit offtake still weak, but retail too losing steam Mar 02, 2017 04:24 PM IST

    Corporate credit offtake still weak, but retail too losing steam

    While much of the weakness on the corporate loans was anticipated, the worrying part was the slowdown in momentum of growth in retail loans, given retail has been the only growth driver for bank credit over the last few years Both mortgages and non-mortgages slowed..

  • Huge potential for Indian mfg cos in CLMV region: Nirmala Feb 27, 2017 04:04 PM IST

    Huge potential for Indian mfg cos in CLMV region: Nirmala

    The CLMV nations (Cambodia, Laos, Myanmar and Vietnam) enjoy duty benefits under the Generalised Scheme of Preferences (GSPs) of developed countries like the US and EU and this can be an attractive incentive for domestic units to set up manufacturing facilities there.

  • Labour intensive sectors may get easy credit flow soon Jan 16, 2017 04:12 PM IST

    Labour intensive sectors may get easy credit flow soon

    Top officers from the Department of Industrial Policy and Promotion (DIPP) and Department of Financial Services among others will meet on January 23 to discuss the issue.

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