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2020-01-31 09:03:36

The Indian textile industry looks forward to new financial allocation in Union Budget

Indian textiles industry is expecting the Union Budget 2020-21 to be more focused with new financial allocations to strengthen the sector, especially the MSME segment. Union finance minister Nirmala

2020-01-06 08:22:12

Indian textile sector all set to take economy to new height

Dating back to the nineteenth century, the Indian textile sector is one of the oldest in the Indian economy. The sector is highly diversified, catering to a wide range of segments ranging from

2019-11-29 07:11:55

The Indian textile can hit the $300-bn by 2030, creating 35 mn more jobs

The Indian textile industry can become a $300 billion industry by 2030 and create an additional 35 million jobs, CII Tamil Nadu State Council Vice Chairman Hari Thiagarajan said on Wednesday. This

2019-08-21 15:10:00

Indian textile sector suffering in international market

India ranked fifth in the global textile and clothing exports in 2018 though it was in the second position between 2014 and 2017, according to the Confederation of Indian Textile Industry. Sanjay

2019-03-25 17:27:00

Higher prices will add cost pressure on the value chain, making yarn, fabric and apparel exports less competitive

Cotton prices have started rising at a time when the rupee is appreciating. It is a double whammy for textile exporters as it will impact the competitiveness of Indian products in the international

2019-02-20 15:21:00

World class yarn operation by UTEXA

Honduras-based UTEXA is a new $73 million man-made yarn company that began operations in 2018. Founded with the goal of bringing enhanced competitiveness to the Central America Free Trade Agreement

2018-07-27 11:57:00

Domestic polyester fibre and yarn manufacturers give a sigh of relief due to the government's decision to raise customs duty on their import to encourage Indian producers

Filatex plans to increase its production capacity by nearly 90,000 tonnes to 237,000 tonnes for FY 2018-19. A similar capacity expansion was planned by other polyester manufacturers as well.

2018-07-04 10:59:00

Drop in Chinese demand hurts cotton yarn exports

Exports declined 16.3% during the timeframe even though yarn production increased 3.5% between 2013-14 and 2017-18. The share of exports in total yarn production has come down to 27% in 2017-18 from

2018-05-25 10:47:00

India manages to remain as the world's second largest textiles and clothing exporter

Prices of Shankar 6, the popular cotton variety used by mills, are ruling at around Rs 43,000 per candy (a candy is about 355 kgs). The landed cost for imported cotton of a similar variety works out

2018-04-23 11:15:00

Textile and clothing exports slid 0.4%

There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get â‚¹7 or â‚¹8 a piece from drawback is getting

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