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09 Aug 2024

Handloom Industry Can Help India Achieve $5 Trillion GDP Mark: Experts

Experts shared that the industry can play a crucial role helping India scale the $5 trillion GDP mark.

Yogi Adityanath

07 Jun 2023

UP Govt's Employment To 1 Lakh Youth: Mega Textile Park Coming In Lucknow

The project will bring investment of Rs 10,000 crore and employment to around one lakh youth.

07 Aug 2017

Tamil Nadu to formulate new integrated textile policy, says Chief Minister K Palaniswami

The scheme of supplying sarees and dhotis to beneficiaries free of cost during the harvest festival of Pongal in January provided employment to weavers throughout the year as they are procured from them.

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.

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.

20 Oct 2015

Welspun India net up 33%; to bring down debt further

The world's third largest home textile manufacturer Welspun India, which Tuesday reported its best-ever quarterly profit with a 32.7 percent rise at Rs 172.35 crore for the September quarter, said it will considerably bring down its debt this fiscal year.

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.

09 Aug 2015

SIMA demands level-playing field for domestic textile sector

Asserting that the domestic textile industry is facing recession for the last 15 months, Southern India Mills' Association (SIMA) has appealed to the Centre to take immediate steps to create a level-playing field for the sector.

29 Apr 2015

Welspun India Q4 net profit jumps 97.39% to Rs 161.37 cr

Textile firm Welspun India Wednesday reported a 97.39 percent increase to Rs 161.37 crore in its consolidated net profit for the fourth quarter ended on March 31, 2015.

26 Apr 2015

US based textile company to launch products in India

Leading US-based home textile company Nextt, which is headed by an Indian, has decided to participate in the 'Make in India' initiative by launching its products in the country early next 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.

09 Dec 2014

RIL forms JV with China's Shandong Ruyi for textile business

To reposition its textile business and expand globally, Reliance Industries Tuesday announced a joint venture with China's USD-three billion Shandong Ruyi Science and Technology Group.

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.

01 Dec 2014

LS clears bill to revive sick textile units

To speed up revival of sick textile units, Lok Sabha Monday passed a bill to free the ailing National Textile Corporation, which has property worth Rs 25 lakh crore, from rent control laws.

18 Sep 2014

Cotton exports to drop on lower Chinese demand

Cotton exports from India, which touched 11 million bales of 170 kgs each in 2013-14 season (October-September), are likely to decline to 6-7 million bales in 2014-15 due to anticipated poor Chinese demand.

23 Jun 2014

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

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

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