Textile Sector

Thursday, Apr 25, 2024 | Last Update : 12:56 AM IST

Textile sector seeks adequate budget funds for export schemes, disbursal

The last budget had considerably reduced the allocation for the textile sector.

30 Jan 2020 1:39 AM

Union Finance Minister Nirmala Sitharaman (Photo: ANI)

Union Budget 2019: Textiles, apparel industry allocation drops by 30 per cent

In the present Budget, the grant for textile and apparel is budgeted at Rs 4,8318 cr

06 Jul 2019 7:28 AM

The GST replaced several federal and local taxes and tore down tariff barriers between India’s 29 states.

GST effect: Hundreds of thousands laid off despite growth

Complexities of GST have driven many small enterprises out of business and forced hundreds of thousands out of jobs.

06 Sep 2018 9:30 AM

Cumulative value of exports for April-February 2017-18 period grew by 11 per cent to USD 273.7 billion.

Exports in Feb up 4.5 pc to USD 25.8 bn; trade deficit narrows

Exports growth rate has been steadily declining since November 2017 when it touched a high of 30.5 per cent.

16 Mar 2018 10:21 AM

Addressing a seminar on India-ASEAN Weaving Textiles Relations', Irani said she is hopeful that the programme is the beginning of a new era in the textiles sector. (Photo: PTI)

India can become one-stop sourcing destination for ASEAN: Smriti Irani

She said there exists an opportunity for India to attract textile manufacturers of ASEAN nations to invest in manufacturing in India.

23 Jan 2018 4:52 PM

Union Minister Smriti Irani. (Photo: PTI)

FDI in textiles rose 3 times in last 2 years: Smriti Irani

Textile minister asserted that the country's man-made fibre sector can soon look forward to good news.

06 Oct 2017 1:25 PM

In rupee terms export of textiles and garments increased by 3.2 per cent in 2016-17.

FDI in textiles doubled to $619 million in 2016-17

Textile exports during 2016-17 too rose to USD 36 billion from USD 23.9 billion in the previous financial year.

03 Aug 2017 3:19 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Jaitley rules out lowering GST rate for textiles sector

GST rate structure for the textiles sector enables ease of classification and determination of rate.

18 Jul 2017 4:25 PM

Lower GST on job work of textile yarn to help SMEs: CITI

A job work involves a manufacturer sending goods out of factory for specialised processing job.

13 Jun 2017 2:42 PM

Textile products to cost more after GST

The GST Council on Saturday fixed 5 per cent rate on cotton fibre, yarn and fabric, which attract zero duty at present.

04 Jun 2017 2:06 PM

Handloom sector is a part of textile industry, the second largest economic activity after agriculture.

Govt to facilitate cheaper loans to SC artisans, weavers

There are around 44 lakh handloom weavers in the country out of which 3.90 lakh are scheduled caste weavers.

14 Apr 2017 6:02 PM

The Gujarat event will, for the first time, mark the positioning of an annual textile trade event in India on the annual calendar of global trade events.

Chinese investors flock to 'Textile India 2017' road show

About 120 textile companies from fabrics, machinery and yarn sector participated at the Shaoxing Roadshow.

28 Mar 2017 6:07 PM

Ind-Ra assigns stable outlook for cotton textiles in FY18

Steady input prices, healthy capacity utilisation and healthy domestic demand triggered the move.

13 Mar 2017 11:53 AM

The additional subsidy will be disbursed after a period of three years.

Made-ups units in textiles to get additional 10 pc subsidy

Total cap on subsidy for such a unit is enhanced under ATUFS from Rs 30 crore to Rs 50 crore.

11 Jan 2017 8:31 PM

The policy aims to achieve USD 300 billion (over Rs 20 lakh crore) worth of textile exports by 2024-25 and create an additional 35 million jobs.

Textiles sector looks to 2017 for policy boost

A Rs 6,006-crore special package for textiles and apparel sector was rolled out in June

27 Dec 2016 12:47 PM

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Columns

Dilip Cherian

textile sector