The impact of the recession in Europe and the U.S. Layoffs loom over textile, chemical sectors in Gujarat
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This season has been quite favorable for the Indian farmers and trade persons, in getting good returns from their produce. As the world economy recovers from the severe 2020 downturn, India’s export prospects remain bright. Similarly, global cotton consum...
Board of directors approved raising of up to a maximum of $100 million in one or more form or instruments, including but not limited to loans, ESG Bonds, NCDs, ECBs, etc
Five Fingers Exports are the pioneer in the field of manufacturing face mask, non woven bag, disposable head cap, PP woven Sack and straw making machine in Coimbatore, India at a low price. We have supplied machine all over India.
Officials of the Tamil Nadu Pollution Control (TNPCB) sealed 28 textile processing units that were found discharging effluents into Kalingarayan Canal causing pollution here.
While the announcement of the Mega Textile Park Scheme to set up seven new textile parks has been welcomed by the industry, it has expressed concern over the imposition of a 10 percent Basic Customs Duty (BCD) on cotton. The finance minister on Monday ann...
Shares of Filatex India hit a fresh 52-week high of Rs 57.90 on the BSE in the intra-day trade on Tuesday, having more-than-doubled in the past two months, after promoters hiked stake in the company via open market.
The Indian Texpreneurs Federation (ITF) has said that the United States market offers several opportunities for apparel exporters and India can become a major supplier of garments to the US as it is for home textile products.
The Textile Ministry has taken further steps to streamline procedures under the Amended Technology Upgradation Fund Scheme (A-TUFS), including a deadline extension for filing applications for verification, to make it easier for the industry to benefit fro...
A combination of factors — US ban on Chinese cotton, a sudden surge in orders for garments, additional stocking up, increased exports to Tirupur’s competitors including Vietnam and Bangladesh — have resulted in a yarn shortage for garments exporters.
PSG College of Arts & Science and AIC-NIFT TEA Incubation Centre for Textiles and Apparels (Supported by Atal Innovation Mission, NITI Aayog, Govt of India) signed a memorandum of understanding on Monday.
The Clothing Manufacturers Association of India has urged the Centre to reduce GST on all readymade garments to 5 percent from 12 percent and retain the same on all types of cotton yarn, synthetic yarn, fabrics and made-ups.
Home textile exporters are emerging out of the downturn faster than other textile segments with the increase in demand from people working from home and a sharper focus on health and hygiene amid the pandemic.
In November 2020, the Cabinet approved the Production Linked Incentive (PLI) scheme for 10 sectors, including textiles. Manufacturers producing man-made fibres and technical textiles (industrial application) shall be given an incentive by the Centre from...
Exporter associations and trade bodies registered under the Companies Act or Society Registration Act can submit proposals by December 15, the ministry said.
Penetration of technical textiles is at 5-10% in India, against 30-70% in advanced countries; National Technical Textiles Mission aims to raise this level
Seeking to replace Chinese and other foreign clothing used for making military uniforms in the country, Defence Research and Development Organisation (DRDO) is helping Indian textile industries produce yarns which will help to end reliance on imports in t...