Textiles Ministry pushes for lowest GST slab for industry

The textiles ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has made a pitch for the same to the Finance Minister.

New national textiles policy being finalised: Govt

Government on Friday said the new national textiles policy, which aims at boosting exports from the sector, is being finalised.

Textiles Ministry sets export target of $45 bn for 2014-15

The Textiles Ministry has set an export target of USD 45 billion for textile products in the current fiscal, Parliament was informed on Friday.

Govt raises textiles export target to $43 bn for FY'14

The US and Europe account for over 65 percent of India's total textiles exports.

Textiles ministry makes case for women to work on night shifts

The Textiles Ministry on Monday made a case for amending labour laws to allow women to work at night in apparel factories and provide overtime for workers to help make the sector globally competitive.

Step up apparel exports target to $20 bn, Rao tells industry

Assuring full support to the industry, Textiles Minister K Sambasiva Rao Monday asked apparel exporters to step up their overseas sales target to USD 20 billion in 2013-14.

Government may announce incentives for textiles sector

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.

Difficult to achieve $18 bn target for apparel exports

It will be difficult to achieve this fiscal's USD 18 billion apparel export target set by the Textiles Ministry, even as efforts are on to explore new markets with diversified products, Apparel Export Promotion Council (AEPC) has said.

Textiles Min asks exporters to widen their market reach

The Textiles Ministry on Thursday asked exporters to widen their reach, mainly in eastern countries, to reduce dependence on major markets like the US and Europe which are facing sluggish economic growth.

No reports of shortage of raw-material: Textiles Ministry

The Textiles Ministry Wednesday said it has not received any report about shortage of raw-material, including cotton, in the domestic market.

Textiles Ministry seeks enhanced budgetary allocation

The Ministry of Textiles has sought enhanced budget allocation of Rs 24,597 crore from the Planning Commission for the 12th Plan period for the development of the sector, and creating 15.8 million jobs by 2016-17, an official said.

Textile Min sends proposal to FinMin for loan restructuring

The Textiles Ministry Monday said it was in talks with the Finance Ministry to restructure Rs 1 lakh crore loans extended to the textiles sector.

Textiles Ministry demands change in Drugs and Cosmetics Act

The Textiles Ministry is pushing for amendments in the Drugs and Cosmetics Act to ensure that quality standards are set for new medical textiles used in products like baby diapers, contact lenses.