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2016-03-22 16:00:00
Tax concessions to help revive yarn units of Punjab and Haryana
Buying of cheaper cotton yarn by fabric and garmenting units located in Ludhiana and Gurgaon from other parts of India had hit local units due to high value added tax (VAT). The tax concessions
2016-01-18 16:00:00
Indian textile stocks fetched positive ROI despite lean phase
The stocks of textile companies have performed well in the last one year. Of the 52 textile stocks, 43 stocks have fetched positive ROIs despite Indian textiles going through a lean phase since the
2015-12-04 15:00:00
Textile ministry formulating new approach to boost textile exports
The textile and the commerce ministries both are engaged in formulating new strategies to boost exports in the textile and clothing sector as it is the largest employment provider after agriculture,
2015-10-27 12:00:00
Indian textile and garment firms may shift base to Vietnam
The Indian textile and garment companies facing duty disadvantage at home, some have already prompted to expand outside India in recent years. Moreover, with the recently negotiated Trans-Pacific
2015-10-08 10:00:00
Govt plan to replace interest subsidies with other forms for textile sector
The Technology Upgradation Fund Scheme (TUFS) was introduced to make available funds to the textile industry for upgrading technology at existing units as well as to set up new units with
2015-07-01 12:00:00
Commerce Ministry considering interest subsidy scheme for textiles sector
Federation of Indian Export Organisations (FIEO) has demanded extension of interest subvention scheme with retrospective effect from April 2014 as Indian textile exports is currently facing
2015-04-03 15:00:00
Indian textile industry displeased by the new foreign trade policy
Textile industry is the second largest employment provider in the country and whose contribution to the country’s growth has been well recognized. But in terms of strengthening the
2015-01-16 17:15:00
Ending of subsidy for Egyptian cotton farmers raise concern over future yield
The Egyptian government has long given subsidies to cotton producers to make up for the gap between the high price of Egyptian raw cotton and the final price of products, which can be less than total
2014-12-19 14:30:00
Organic certification made mandatory for finished textile products
Raw cotton export already required certification under the National Programme for Organic Production (NPOP). It is now required of any finished textile product exported as an organic one such as
2014-07-08 11:50:00
Texprocil urges govt to take the edge off the high cost of export finance
Texprocil, a government constituted body for export promotion of cotton textiles submits to Finance Minister Arun Jaitley in a pre-budget memorandum lists measures which can boost exports and provide
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