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Cotton Corporation Presents ₹8.89 Crore Dividend To Textiles Minister For FY 2024–25

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Tag: Textile Mills

Cabinet Committee allotted BDT 15,200 crore to revive Mills
Apparel and Textile News Trade Info News

Cabinet Committee allotted BDT 15,200 crore to revive Mills

An initiative under public-private partnership (PPP) to revive the closed 13 textile mills in Bangladesh. The proposal from the Bangladesh Textile Mills Corporation (BTMC)  has been approved by the cabinet committee on economic affairs in this regard. The mills will be implemented, maintained and market products of the project by the party. Allotment of BDT […]

Foraying into garment finishing by Kalantry Textile
Apparel and Textile News Apparel Brands and Companies

Foraying into garment finishing by Kalantry Textile

Komal Kalantry, Principal Advisor, Ank Business Consulting and Ashwin Kalantry, Director, Kalantry Textile Industries, the 70-year-old Kalantry Textile Industries is foraying into garment finishing by investing in a plant to have its own clothing line as well. However, it will continue to operate as a job worker. Ashwin Kalantry, director of the company said, “Strong […]

Textile Industry Hits Hard Over Higher Production Cost
Apparel and Textile News Trade Info News

Textile Industry Hits Hard Over Higher Production Cost

Regional textile industry hits hard due to surge in the cost of production and increasing competition from international players. Fluctuations in cotton prices and poor quality cotton in the region have also made trade difficult for textile mills. Industry experts said despite a drop in cotton prices, textile mills don’t benefit. The textile market is […]

SGCCI To Develop Mega Textile Park At Pinjrat
Apparel and Textile News

SGCCI To Develop Mega Textile Park At Pinjrat

Southern Gujarat Chamber of Commerce and Industry (SGCCI) will set up a mega textile park, first of its kind, on 70 lakh square meter land of the state government at Pinjrat in Olpad taluka of Surat district with an initial investment of Rs1,500 crore. The SGCCI has formed a special purpose vehicle (SPV)-Textile Processing Park […]

Withdrawal Of VAT Hike Urged By SIMA
Apparel and Textile News Trade Info News

Withdrawal Of VAT Hike Urged By SIMA

The Southern India Mills Association (SIMA), an apex body of textile mills has appealed to the government, to withdraw the hike in VAT on petrol and diesel to save textile industry from its impact. Association chairman, M. Senthilkumar in a communication to the state’s chief minister, termed the hike as unwarranted considering that the centre […]

100 Exhibitors to Participate in IATF
Apparel and Textile News Events and Exhibitions News

100 Exhibitors to Participate in IATF

Over a 100 exhibitors are expected to showcase their products at the 6th ‘International Apparel and Textile Fair (IATF)’ that will take place at the Dubai World Trade Centre from April 8. The three-day event provides exhibitors a platform to showcase their collections to new and established retailers, wholesalers and manufacturers and build brand identity. […]

ITF Sign MoU with NSDC to Train 50,000 Workers
Apparel and Textile News Trade Info News

ITF Sign MoU with NSDC to Train 50,000 Workers

The Indian Texpreneurs Federation (ITF) has signed a memorandum of understanding (MoU) with the National Skill Development Council (NSDC) to train 50,000 fresh workers from January to December 2017. The association will enhance the efficiency of the workers while making them familiar with the uniform work procedures followed in textile mills across India. The MoU […]

Finance Ministry Plans to Converge Insurance Schemes for Weavers
Apparel and Textile News Trade Info News

Finance Ministry Plans to Converge Insurance Schemes for Weavers

Textiles minister, Smriti Irani said that the ministry of finance is planning to converge all the insurance schemes for handloom weavers including the Mahatma Gandhi Bunkar Bima Yojana (MGBBY) to increase their insurance cover. MGBBY will be merged into Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana from next fiscal. The […]

17 Textile Mills Shut Over Past One Year
Apparel and Textile News Ministry of Textiles 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 […]

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