[ad_1] As many as 30 textile and apparel units set up under the Production Linked Incentive (PLI) scheme have commenced production. According the Union Ministry of Textiles, of the 74 applications selected for the scheme that was notified on September 24, 2021, 40 have started investing, 22 have achieved the prescribed threshold level and 30 […]
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[ad_1] byline requested COIMBATORE: With the US tariffs hitting hard, apparel and textile exports saw 12.91 % slump in October compared with last October. While textile shipments last month were worth $ 1,597 million, apparel exports were $ 1,069.42 million as against $ 1,833 million (textiles) and $ 1,227 million (apparel) in October 2024. Exports […]
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[ad_1] The GST rate cut on apparel priced below ₹2,500 is likely to lift the demand in the mid-premium segment, while the fast fashion/value segment, which account for 65 % of the sector’s revenue, will continue to drive the momentum, says Crisil. | Photo Credit: IDREES MOHAMMED The recent Goods and Services Tax (GST) rationalisation […]
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[ad_1] A high-level Saudi Arabia delegation led by its Vice-Minister for Industry and Mineral Resources Khalil ibn Salamah met the Secretary, Union Ministry of Textiles, Neelam Shami Rao, in New Delhi on Tuesday to advance bilateral cooperation in the textile sector. India was the second-largest supplier ($517.5 million) to Saudi Arabia’s textile and apparel sector […]
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[ad_1] The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. | Photo Credit: SAMUEL RAJKUMAR The textile industry is pitching for a fibre-neutral GST at 5% for the entire textile and apparel value chain. Currently, cotton-based textile sector has 5% GST, except for garments priced […]
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[ad_1] The rising mid-income populations across Africa, South East Asia, and Latin America has led to a growth in demand for performance-driven, climate-adapted, and cost-sensitive apparel that the Indian manmade fibre (MMF) sector can tap, study shows. Representational image. | Photo Credit: Reuters The rising mid-income populations across Africa, South East Asia, and Latin America […]
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[ad_1] Photo used for representation purpose only. | Photo Credit: The Hindu The government should address the structural challenges faced by the Indian textile and apparel industry to achieve $ 100 billion exports by 2030, according to stakeholders of the industry. At a meeting held in Coimbatore on Friday (June 6, 2025) to discuss the […]
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[ad_1] An outfit by Aroka | Photo Credit: Angus Guite A couple of years ago, a real-estate business family (we will call them the Sharmas) chanced upon a barren land in Gurgaon, precisely 32 kilometres away from central Delhi. After investing in commercial, luxury residential, microbreweries, hospitality, and co-working spaces for decades, the idea of […]
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