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Garment Exports Soar In April-January

Exports of readymade garments witnessed a positive growth of per cent in INR terms and per cent in US dollar terms during April-January, 2016-17, as compared to that of the same period previous year, minister of state for textiles, Ajay Tamta has said in a written reply to a question in Lok Sabha. During the period, India exported readymade garments worth , crore compared to , crore in the corresponding…
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Apparel and Textile News

17 Textile Mills Shut Over Past One Year

Seventeen cotton and man-made fibre textile mills across eight states were closed down between June last year and May this year. "The major reported reasons for closure include financial problems due to inadequate working capital, insufficient cash flow, increase in cost of product, squeezed profit margin, stressed assets etc.," minister of state for textiles, Ajay Tamta said in a written reply to the Lok Sabha yesterday. He said the ministry…
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Apparel and Textile News

Govt To Support Environmental Standards In Textile Industry

The centre, under the 12th five year plan has earmarked sum of Rs 500 crore for the textile industry to meet the required environmental standards by adopting modern technology, Lok Sabha was informed today. The textile ministry will be implementing an Integrated Processing Development Scheme (IPDS) in public private partnership (PPP) mode by Special Purpose Vehicle (SPV), which will be a corporate body registered under the Companies Act, textiles minister,…
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Apparel and Textile News

Hike In Import Duty On Raw Silk Demanded

The state governments of Karnataka and Andhra Pradesh have requested the union finance ministry to increase import duty on raw silk from the current 10 per cent to 30 per cent or at least to 15 per cent. In a written reply to Lok Sabha, union commerce and industry minister Nirmala Sitharaman said her ministry has received representations from those state governments in this regard. In her reply, the minister…
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Concerned Over Jute Import From Bangladesh

Rising jute import from Bangladesh is a matter of concern and the issue has been taken up with commerce ministry, textiles minister Santosh Kumar Gangwar said in Lok Sabha today. "Jute from Bangladesh is coming and we can stop it. We have taken up the matter with commerce ministry. The import is rising every year and it is a matter of concern," he said replying to questions. Gangwar said jute…
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Efforts To De-Register Khadi In EU

The centre and the country's apex organisation dedicated to rural economy, Khadi and Village Industries Commission (KVIC) – are trying to cancel the Khadi trademark registration in European Union. According to media reports, a German-based firm named 'Khadi Natureprodukte GbR' has registered Khadi as a trademark with the Spanish nodal agency OHIM (Office for Harmonisation in the Internal Market) in EU. Apart from making efforts to de-register Khadi, the industry…
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