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Tag: MSME

Budget announces Rs. 5272 crores for the Ministry of Textiles for the FY 2025-26
Apparel and Textile News Ministry of Textiles News National News Trade Info News

Budget 2025-26 announces Rs. 5272 crores for the Ministry of Textiles

The Union Budget 2025-26 was presented by the Union Finance Minister on February 1, 2025. The Budget announced an outlay of Rs. 5272 crores (Budget Estimates) for the Ministry of Textiles for 2025-26. This is an increase of 19 percent over budget estimates of 2024-25 (Rs. 4417.03 crore). To address the challenges of stagnant cotton […]

Budget Recommendations by CMAI for the Garment Sector
Apparel and Textile News Manufacture National News Retail News Trade Info News

Budget Recommendations by CMAI for Garment Sector

The Indian apparel sector is a dynamic and rapidly expanding industry,  making a significant contribution to the economy and employment generation. The garment sector employs over 11 million people,  predominantly in MSME sector, and serves as a vital source of  employment, particularly for women and marginalized communities. Hence  it is important to support this sector […]

India’s global mega textile event Bharat Tex 2025
Events and Exhibitions News Apparel and Textile News Apparel Brands and Companies Global News Manufacture Ministry of Textiles News Trade Info News

Bharat Tex 2025 Innovation Meets Responsibility Sustainability and Circularity to dominate discussions at India’s largest Textile show

India’s textile industry is a vital pillar of its economic and cultural legacy, evolving from traditional handlooms in villages to advanced textile mills today. As one of the country’s earliest industries, textiles account for 13% of India’s total industrial production, 12% of total exports, and 2.3% of the GDP, while employing over 45 million people, […]

EXPANSION OF MICRO, SMALL AND MEDIUM ENTERPRISES
Apparel and Textile News Ministry of Textiles News National News Trade Info News

EXPANSION OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs)

Ministry of MSME is implementing a major credit-linked subsidy programme named Prime Minister’s Employment Generation Programme (PMEGP) since 2008-09 with Khadi and Village Industries Commission O as nodal agency at the national level for generating employment opportunities in the country, including Uttarakhand, by setting up of micro- enterprises in the non-farm sector. PMEGP being a […]

Shri Jitan Ram Manjhi inaugurates “MSME PAVILION” at the 43rd India International Trade Fair (IITF), 2024
Apparel and Textile News Events and Exhibitions News Manufacture Ministry of Textiles News National News

Jitan Ram Manjhi inaugurates “MSME PAVILION” at the 43rd India International Trade Fair (IITF), 2024

Union Minister for Micro, Small & Medium Enterprises (MSME), Shri Jitan Ram Manjhi, inaugurated the “MSME Pavilion” in Hall No. 6 at the 43rd India International Trade Fair (IITF) in New Delhi today. He was accompanied by Dr. Rajneesh, AS & DC (MSME) and other senior officials from the Ministry of MSME. The main theme […]

Shri Jitan Ram Manjhi, Union Minister for MSME inaugurates “Khadi India Pavilion”
Apparel and Textile News Events and Exhibitions News Manufacture National News Trade Info News

Jitan Ram Manjhi, Union Minister for MSME inaugurates “Khadi India Pavilion” at the 43rd IITF, 2024

Union Minister for Micro, Small and Medium Enterprises (MSME), Shri Jitan Ram Manjhi, inaugurated the ‘Khadi India Pavilion’ at the India International Trade Fair (IITF) 2024 in Hall No. 6, Bharat Mandapam, New Delhi. The ceremony was graced by Shri Manoj Kumar, Chairman of Khadi and Village Industries Commission (KVIC), and other dignitaries, including DC(MSME), […]

West Bengal Set to Establish Textile Cluster as Part of India’s Nationwide Export Boost Initiative
Apparel and Textile News Ministry of Textiles News National News Trade Info News

West Bengal Set to Establish Textile Cluster as Part of India’s Nationwide Export Boost Initiative

West Bengal is poised to gain a textile cluster as part of India’s ambitious plan to establish 75 such clusters nationwide. This initiative was highlighted during trade discussions between Prime Minister Narendra Modi and U.S. President Joe Biden, aimed at boosting India’s textile exports. The recent Modi-Biden meeting also resulted in the signing of a […]

To take the ‘New Khadi of New India’ to new heights, KVIC-NIFT signed the ‘Centre of Excellence for Khadi-2.0’ (CoEK-2.0) MoU
Apparel and Textile News Ministry of Textiles News National News Trade Info News

To Take the ‘New Khadi of New India’ to New Heights, KVIC-NIFT Signed the ‘Centre of Excellence for Khadi-2.0’ (CoEK-2.0) MoU

Khadi and Village Industries Commission (KVIC), Ministry of Micro, Small and Medium Enterprises (MSME) and National Institute of Fashion Technology (NIFT) have signed a significant Memorandum of Understanding (MoU) under COEK 2.0 to take the New Khadi of New India to new heights and enhance its reach in domestic and international markets in line with the vision […]

Ministry of Micro, Small & Medium Enterprises (MSME) Gears Up for ‘Special Campaign 4.0
Apparel and Textile News Ministry of Textiles News National News Trade Info News

Ministry of Micro, Small & Medium Enterprises (MSME) Gears Up for ‘Special Campaign 4.0’ from 2nd October to 31st October 2024

In consonance with the announcement of the Government of India for conducting “Special Campaign 4.0” from 2nd October to 31st October 2024, the Ministry of Micro, Small & Medium Enterprises (MSME) is well prepared to undertake focused initiatives and targeted activities for achieving the goals of institutionalising Swachhata and minimising pendency in the Ministry and […]

Borzo's MSME Study Reveals Surge in Business Amidst Challenges
Apparel and Textile News National News Trade Info News

Borzo’s MSME Study Reveals Surge in Business Amidst Challenges

Since last year, 56% MSMEs have experienced a business growth of 20-30%, debugging slowdown debate Average shipment value of MSMEs is Rs 1.4 million per month Customer Acquisition, Recruitment, Packaging and Inventory Management are the biggest pain points faced by MSMEs At the heart of the Indian economy lies the Micro, Small, and Medium-Sized Enterprises […]

New Rule 43B(H)
National News Apparel and Textile News Ministry of Textiles News

Impact of New Rule 43B(H) on MSME Textile & Apparel Traders & Manufacturers

In a recent development concerning India’s textile and apparel industry, the South India Garment Association (SIGA) has penned a letter to Prime Minister Narendra Modi, expressing concerns over the impact of Rule 43B(H) on micro, small, and medium enterprises (MSMEs). India’s textile and garment industry is a key contributor to employment, providing livelihoods to over […]

TEA REQUISITION TO EXTEND THE MORATORIUM
Apparel and Textile News Ministry of Textiles News Trade Info News

REQUISITION TO EXTEND THE MORATORIUM

REQUISITION TO EXTEND THE MORATORIUM Yesterday, A letter was written to Prime Minister Narendra Modi by President Raja M Shanmugham of Tiruppur Exportores Association. Raja M Shanmugham on behalf of Association had submitted their requisition to extend the Moratorium for Followings: TERM LOAN MORATORIUM To tide over the economic fallout from COVID-19, the Finance Minister […]

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