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81st NGF Opens in Mumbai, Showcasing 800+ Brands in Women’s and Men’s Wear

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Tag: FTA

India and EU Prioritize FTA Negotiations, Aiming for Early Agreement: MEA
Apparel and Textile News Events and Exhibitions News Global News Trade Info News

India and EU Prioritize FTA Negotiations, Aiming for Early Agreement: MEA

India and the European Union (EU) are prioritizing the negotiation of a Free Trade Agreement (FTA) as both sides push for an “early and ambitious” deal, according to the Ministry of External Affairs (MEA). This development comes after a bilateral meeting between Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez at the Laxmi […]

Textile Industry will attract more investments in the future: Irani
Apparel and Textile News Trade Info News

Textile Industry will attract more investments in the future: Irani

The Textile Industy has attracted an investment of Rs. 27,000 crores after the announcement of the special textile package made last year and with the government’s intervention will bring more such funds into the sector, Union Textile Minister, Smriti Irani said at the Texellence 2018 organised by CII. The Rs. 6,000-crore textile package includes tax […]

FTA negotiations between India & EAEU
Apparel and Textile News Trade Info News

FTA negotiations between India & EAEU

Government of India as well as the governments of the Eurasian Economic Union (EAEU) member countries will shortly begin negotiations for a free trade agreement (FTA), a senior official has said. The five-member EAEU comprises Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. India’s annual trade with EAEU is currently at 8.4 billion US Dollar. India and […]

Spinning Industry in a Morass NITMA
Apparel and Textile News Trade Info News

Spinning Industry In A Morass NITMA

Indian spinning industry is the most developed segment of the textile and clothing value chain. It is a global market leader with 30 per cent exportable surplus going to countries around the world. There also seems no dearth of incentives from either the centre or state government. Industry insiders said excessive and prolonged incentives are […]

TEA-for-Early-Implementation-of-Spl-Package
Apparel and Textile News Trade Info News

TEA For Early Implementation Of Spl Package

The Tirupur Exporters Association (TEA) has congratulated the new textile minister, Smriti Irani on her assuming the office and sought speedy notification of the guidelines and procedures for implementation of the Rs 6000 crore special package announced by the centre for the garment sector to boost exports. Seeking her intervention to help avail the promised […]

Zero Duty On Textiles In FTA Sought With Australia
Apparel and Textile News Global News

Zero Duty On Textiles In FTA Sought With Australia

For a free trade agreement (FTA) with Australia, India wants zero duty on textiles and some of the sectors. On its part, Australia is seeking tariff reduction in dairy products, fresh fruit, pharmaceuticals and wines. Union commerce minister Nirmala Sitharaman has said that negotiations on FTA are progressing substantially and the two countries are probably […]

Easy Procedures To Boost Exports
Apparel and Textile News Trade Info News

Easy Procedures To Boost Exports

Commerce minister, Nirmala Sitharaman has said that the government will work with various departments including environment, textiles and finance for simplifying procedures of doing business in the country and boost exports. Many of the issues which are enablers to better exports have been identified, issues which may have a bearing on the forthcoming budget were […]

Supportive Measures Needed For Textile Sector
Apparel and Textile News Trade Info News

Supportive Measures Needed For Textile Sector

Textile sector, now going through recession, is looking for various supportive policy measures from the government to grab the emerging global opportunities. While the centre looks to address macro issues particularly towards controlling inflation, improving general economic conditions, infrastructure and measures aimed at ease of doing business, the weightage given to the textile industry is […]

CII For FTAs To Protect Textiles Sector
Apparel and Textile News Trade Info News

CII For FTAs To Protect Textiles Sector

The centre must aggressively enter into as many Free Trade Agreements (FTAs) as possible with select textile markets in Asia and the European Union to safeguard Indian textile and apparel industry to neutralize the negative impact of the recently negotiated 12-nation Trans-Pacific Partnership (TPP), according to a report on how to enable “Make in India […]

Apparel and Textile News Ministry of Textiles News

Early Implementation Of FTA, CEPA Sought By TEA

The Tirupur Exporters Association (TEA) has urged the union commerce and industry minister, Nirmala Sitharaman to expedite the Free Trade Agreement (FTA) with the EU, the Comprehensive Economic Partnership Agreement (CEPA) with Canada and the Comprehensive Economic Cooperation Agreement (CECA) with Australia. Association president, A Sakthivel along with others met Sitharaman in Coimbatore and submitted a […]

Apparel and Textile News Ministry of Textiles News

TEA Urges PM To Expedite Implementation Of FTA

Tirupur Exporters’ Association (TEA) president, A. Sakthivel has urged the Prime Minister, Narendra Modi to advice the commerce ministry to expedite the negotiation for implementation of Free Trade Agreement (FTA) and initiate a discussion on this line during Mr. Modi’s visit to EU next month. In a letter to the Prime Minister, Mr. Sakthivel said, […]

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