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Textile industry News

Central government

12 Nov 2024

Centre Approves 12 Textile Research Projects Worth Rs 13.3 Crore

The National Technical Textiles Mission is a flagship scheme of Ministry of Textiles focused on developing the research and development capabilities of the local industry, especially in the areas of high-performance fibre development.

Indian textile industry

04 Sep 2024

Indian Textile Industry Can Reach $300 Bn With $100 Bn Exports Potential By 20

The Indian textile industry is currently estimated to be worth $175 billion, including exports of $38-40 billion.

17 Dec 2022

India in FTA talks with UK, Canada, EU: Piyush Goyal

Piyush Goyal on Friday said that trade talks are being held with UK, Canada, Gulf Cooperation Conference and EU. Textile industry is committed to achieving the $100-billion export target by 2030. Kashi and Tamil Nadu would play a major role in this.

PLI Scheme for Textiles

28 Jan 2022

PLI scheme for textiles: Centre extends deadline for applications till Feb 14

Under the scheme, FY 2024-25 will be considered as the first performance year. This is subject to the entities achieving a minimum of Rs 600 crore turnover by the first performance year. The scheme will be in operation from September 24, 2021 to March 31, 2030.

04 Nov 2021

From rags to riches: Indian designer finds sustainable way to high fashion

Kriti makes dresses out of fabric waste She is concerned about global warming

Odisha government

30 Aug 2016

Odisha government orders probe against tainted BJD MLAs

The Odisha government on Tuesday ordered a vigilance inquiry against four Biju Janata Dal MLAs who allegedly demanded money to facilitate setting up of industries in their assembly constituencies.

22 Jun 2016

Government weaves new textiles package, dials for next spectrum auction

Keeping up the momentum in key economic decisions, India's federal cabinet on Wednesday approved the norms for the next telecom spectrum auction that can fetch over $83 billion to the exchequer and a textiles package to push 10 million new jobs and $30 billion more in exports.

Textile industry

01 Apr 2016

Bombay Dyeing reappoints Jehangir Wadia as Managing Director

Textiles firm Bombay Dyeing has reappointed Jehangir N Wadia as the Managing Director for the next five years, with effect from today.

Employment in India

14 Mar 2016

Tirupur took top slot as job creator, 44% of its population regularly employed

The textile industry continues to be the second largest employment generating sector in India and Tirupur in Tamil Nadu has emerged as the leader in creating the maximum number of jobs, as per a fresh release of Census 2011 data.

25 Oct 2015

Welspun Group eyes $5 bn revenue by 2020: Goenka

Welspun Group plans to increase its revenue to USD 5 billion by 2020 from the present USD 3 billion, with its flagship textile business contributing half of its income.

18 Oct 2015

Welspun to push innovation, own textile brands;eyes $2.5 bn sales

Welspun India, the largest supplier of home textiles in the US and also the world's third largest manufacturer of such items, is targeting USD 2.5 billion revenues by 2020, up 150 percent from present sales, by increasing sale of its own brands and innovative products.

15 Oct 2015

Welspun India forays into e-commerce with online store

Home textiles major Welspun India Thursday announced foray into e-commerce space with its new online retail store Shopwelspun.In, and targets a revenue of USD 50 million by 2020.

Textile industry

07 Jul 2015

Textile sector outlook stable with downside risks: Ind-Ra

The country's textile industry has a stable outlook for the current fiscal on account of robust domestic demand, lower input costs and competitiveness in apparel exports, says a report by India Ratings & Research (Ind-Ra).

12 Jun 2015

CCI approves acquisition of Birla Textile Mills

Sutlej Textiles & Industries, the flagship company of the KK Birla Group, had received the approval from its Board of Directors to acquire Birla Textile Mills in March this year.

15 Mar 2015

Textile industry seeks lower duties, more funds for growth

Representatives from South Indian Mills Association met Textile Minister Santosh Gangwar and sought reduction in excise and import duties while pitching for higher fund allocation.

Textile industry

09 Jan 2015

Textile industry may cross $350-bn turnover by 2025

The textile industry has the potential to cross a turnover of USD 350 billion by 2025 if it diversifies to new product categories like Man Made Fibres (MMF), Confederation of Indian Textile Industry Chairman Prem Malik said Friday.

01 Dec 2014

Indian textile industry has potential to touch $500 bn by 2025

With labour cost increasing in China, the next big destination will be India in this sector.

24 Nov 2014

'Indian textile sector has potential to cross $500 bn by 2025'

The USD 500 billion market figure consists of domestic sales of USD 315 billion and exports of USD 185 billion. The current industry size comprises domestic market of USD 68 billion and exports of USD 40 billion, Wazir Advisors Joint Managing Director Prashant Agarwal told reporters here Monday.

18 Sep 2014

Textiles Min approves setting up of 13 textile parks

Textiles Minister Santosh Gangwar Thursday approved setting up of 13 textile parks, entailing minimum investment of Rs 100 crore each, a move that will help generate thousands of jobs.

India's Exports

16 Sep 2014

India may be among top exporters by 2030: HSBC

India has the potential to become the world's fifth largest exporter of goods by 2030 in value terms, says HSBC Trade Forecast.

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