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Apparel and Textile News

Fabrics Manufactured in Maharashtra is 40% cheaper than Surat

The textile units in Maharashtra have been given an impetus package to the tune of Rs 4,600 crore and the electricity tariff reduced by Rs 2 per unit. Following this, the powerloom weavers in Surat has asked the State government to introduce such textile promotion scheme in Gujarat as well as it will provide an impetus package, slash electricity tariff and modernize weaving units to raise quality of fabrics. This…
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Apparel and Textile News

Silk Sector Witnessing Steady Growth in its production

The production of raw silk in the country is estimated to be 33,840 MT in 2017-18 as against 30,348 MT in 2016-17. This information was given by Minister of State for Textiles Ajay Tamta in the Rajya Sabha today. He said, the estimated cumulative annual growth rate of Silk sector is based on the progress of silk sector during the last five years. Tamta said, the Government of India has…
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Apparel and Textile News

CITI chairman is despondent with the Budget 2018

The Confederation of Indian Textile Industry (CITI) chairman, Sanjay Jain on the other hand welcomes the Budget 2018 with a doubt. He feels a large part of the increase in allocation has gone to the state-owned Cotton Corporation of India (CCI) for performing minimum support price (MSP) operations and hence, won’t help the industry. Although the rise in basic customs duty (BCD) on silk fabric to 20 per cent from 10…
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Apparel and Textile News

Textile Associations welcomes the increased allocation for the Sector

The Textile associations in India have welcomed the raised allocation for the sector in budget 2018 announce by finance minister, Arun Jaitley yesterday saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues. The drop in corporate tax rate for units with an annual turnover of up to Rs 250 crore might benefit most textile units in India. They also appreciated the increased…
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Apparel and Textile News

Achievements By Textiles Ministry In 2017 To Promote Textile Sector

1. First Mega International trade event- “Textiles India 2017” The first ever mega international trade event for the textile sector was organized in Gandhinagar, Gujarat from 30 June, 2017 - 2 July, 2017 to showcase the incredible strength and range of India’s textile and handicrafts industry. The event recorded participation from more than 100 countries and generated business and business enquiries of about Rs. 3, 50,000 lakh.  A total of 65…
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Apparel and Textile News

SCBTS creates employment opportunity in the Textiles Sector

A new skill development scheme, the Scheme for Capacity Building in Textile Sector (SCBTS) is approved by the Union Cabinet Committee on Economic Affairs (CCEA) on Wednesday with an outlay of Rs 1,300 crore till 2019-20. The scheme will provide demand driven and placement oriented skilling programmes to create jobs in the textile sector. Not only it will incentivize the efforts of the industry in creating jobs in the organized…
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