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Textile policy to create 35 mn more jobs, $300 billion exports

Textile policy to create 35 mn more jobs, $300 billion exports

Last Updated: Monday, July 28, 2014, 22:08

An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.

'Textile exports set to touch $50 bn mark this fiscal'

Last Updated: Monday, June 23, 2014, 19:37

Textile exports are set to touch USD 50-billion mark in the current fiscal, Union Textiles Minister Santosh Kumar Gangwar said Monday.

Govt may hike incentives for textile sector to boost exports

Last Updated: Sunday, June 15, 2014, 19:15

The government is expected to increase incentives for the labour-intensive textiles industry in the forthcoming Budget to boost sector's exports and manufacturing.

India world's second largest textiles exporter: UN Comtrade

Last Updated: Monday, June 02, 2014, 19:49

Currently, India exports textiles worth USD 40.2 billion, while the total global textiles exports stand at USD 772 billion, with India commanding 5.2 percent of the share.

Come out with an integrated textile policy, say mills

Last Updated: Saturday, May 31, 2014, 20:48

With prices of yarn and cotton maintaining stability, textile mills in this region on Saturday appealed to the Centre and the Tamil Nadu government to announce comprehensive textile policy to achieve envisaged growth rate.

Will promote Brand India abroad: Textiles Minister

Last Updated: Tuesday, May 27, 2014, 15:04

New Textiles Minister Santosh Gangwar today said he would work towards promoting Brand India abroad and boosting country's textile exports.

Govt extends export duty benefit to few sectors

Last Updated: Sunday, March 02, 2014, 16:04

The government has extended export duty benefits to certain labour intensive sectors including textiles and leather, a move that will help boost shipments to markets like the US and the European Union nations.

'Apparel industry should aim $60 bn exports in 3 yrs'

Last Updated: Tuesday, December 10, 2013, 22:24

The apparel industry should aim at exports of USD 60 billion in the next three years as there are visible signs of revival in key markets of the US and Europe, Textiles Minister K Sambasiva Rao said Tuesday.

UK woos Indian investment in textile sector

Last Updated: Tuesday, December 10, 2013, 21:30

Indian companies can invest in the textile sector in the United Kingdom which on a path of recovery after being revived by the government, Vince Cable, UK's Secretary of State (Cabinet Minister) for Business, Innovation and Skills, said Tuesday.

Textiles export growth flat at $7.8 bn in Apr-Jun qtr

Last Updated: Monday, August 05, 2013, 18:28

India's export of textiles and clothing remained almost the same year-on-year at USD 7.79 billion in the April-June quarter this fiscal, Parliament was informed Monday.

TexMin holds talks with banks for easier access to credit

Last Updated: Thursday, July 11, 2013, 22:07

The Textiles Minister Thursday met heads of nationalised banks and asked them to improve the flow of credit to the industry, including the handloom segment.

Government may announce incentives for textiles sector

Last Updated: Thursday, July 11, 2013, 21:53

The Textiles Ministry is contemplating offering sops to the sector and initiating measures to boost outbound shipments by a targeted 30 percent in 2013-14 as set by a PM-led panel.