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AEPC Seeks Tax Incentives In Budget To Boost Garment Manufacturing

In order to boost domestic manufacturing and India’s garment exports, the Apparel Export Promotion Council (AEPC), has sought uniformity in GST and more interest subsidies in the upcoming union budget. AEPC had also demanded tax breaks for clothing producers which implement Environmental, Social, and Governance (ESG) and other international quality standards and compliances. “Interest equalisation […]

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January 25, 2024
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Apparel and Textile News Trade Info News

Provision for Textile Infrastructure in Budget Increased to Rs, 1860 Cr in 2017-18

With the vision to increase output and jobs in the textile sector by Prime Minister, Narendra Modi, the Union Budget has given a major boost to textile infrastructure by almost three times in increasing the allotment for building textile parks, incubation facilities, processing and development centres. The textile infrastructure provision has been increased from Rs […]

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February 6, 2017
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Apparel and Textile News Ministry of Textiles News

Powerloom Cloth Manufacturers Demand Textile Business Clusters

The Tamil Nadu Small Powerloom Export Cloth Manufacturers Association has submitted a memorandum to the textiles ministry and urged to set up business clusters and regular markets in various districts of the country, which has a major weaving industry. They demanded the ministry to assign the funds required for the same in the upcoming union […]

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November 23, 2016
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Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

CMAI Expresses Anguish Over Excise Duty

Clothing Manufacturers Association of India (CMAI) has expressed its anguish over the imposition of excise duty on the ready-made-garments and made ups segments of the textile industry as proposed in the union budget for 2016-17. In a representation to the textile secretary, Reshmi Verma, CMAI president, Rahul Mehta pleaded for reconsideration of the proposal especially […]

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March 3, 2016
28 Comments
144 Views

Apparel and Textile News Trade Info News

TEA Welcomes Union Budget 2016-17

Tirupur Exporters’ Association (TEA) president, A. Sakthivel has welcomed the Union Budget presented by the finance minister, Arun Jaitley in Parliament yesterday and said it has addressed the requisitions made by the Association. While complimenting the Budget as positive one, Sakthivel said the focus of infrastructure and initiatives for “Ease of Doing Business” will go a long way in […]

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March 1, 2016
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Branded Garments Prices To Go Up By 2-5 %

Prices of branded garments are set to go up by “2 to 5 per cent” with the centre levying excise duty on ready-made products of Rs.1000 or more in the Union Budget for 2016-17. While presenting the Budget, finance minister Arun Jaitley said, “I propose to change the excise duty on branded readymade garments and […]

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March 1, 2016
9 Comments
139 Views

Apparel and Textile News Retail News Trade Info News

Retailers Seek Tax Benefits In The Union Budget

Apparel retailers expect a continuation in current tax benefits in the forthcoming Union Budget 2016-17 and are seeking additional reductions both in taxes directly related and not directly related to the industry. “The expectation is to address the problems of the sector at large,” Arun Ganapathy, CFO of Spykar said. “It is imperative that the […]

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February 25, 2016
3 Comments
176 Views

Apparel and Textile News Apparel Brands and Companies

Reforms To Boost Textile Sector

The textile industry is expected to clock double-digit growth while budget proposals and some of the steps taken by government recently are expected to increase the discretionary income in the hands of consumers, a top official of Raymond has said. Talking about FY15-16, Sanjay Behl, chief executive officer(lifestyle business), Raymond said the Indian textile and […]

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March 11, 2015
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Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

No Incentive For Apparel In Union Budget

Union Budget 2015-16 presented recently by finance minister, Arun Jaitley has no measures on promoting apparel manufacturing in the country, an expert of India’s clothing and retail industry said. “This (Budget) is meant to be a ‘Make in India’ Budget and what is disappointing is that there are no measures for encouraging or promoting apparel […]

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March 4, 2015
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Apparel and Textile News

Union Budget Offered Relief to Textile and Apparel Sector

Union Budget received thumbs-up from different Textile and Apparel Sectors. Finance Minister, Mr. Arun Jaitley has announced some proposals for Textile and Apparel Sector in Union Budget 2014. He has offered some relief to promote the exports of readymade garments. Proposals in favor of Textile and Apparel Sector : Finance Minister Mr. Arun Jaitley […]

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July 14, 2014
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