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Textiles
Textiles News
TEXTILES OF INDIA
05 Aug 2023
Exploring The Rich Heritage Of Indian Textile Through Rajasthani Craftsmanship
The traditional techniques have seamlessly transformed into modern-style outfits, maintaining a delicate balance of comfort and lightness. Rajasthan's textiles are not just fabrics; they are a story woven into every thread, a legacy cherished across borders and generations.
Textiles
13 May 2022
India needs to manufacture textiles machinery to become self-reliant: Jardosh
She said India's textile and apparel sector registered the highest ever growth of 40.55 per cent in its exports.
Textiles
22 Feb 2022
India's textiles exports can touch USD 100 bn from current USD 40 bn in 5 yrs
Singh said it depends on how good, efficient and integrated the Indian apparel industry is and how it increases its size and scale. He added that the country's textile exports can increase from the current USD 40 billion to USD 100 billion in the next five years.
GST
27 Dec 2021
Defer GST rate hike on textiles, footwear: CAIT to FM
The proposal is to increase the rate of tax from 5 per cent to 12 per cent on textiles and footwear. According to CAIT, there was no tax on textile or fabrics for a number of years. The letter also asked for an extension of income tax return filing date.
Textiles
03 Dec 2021
Gartex Texprocess India 2021 hybrid editions to showcase textile trends
Government programmes and efforts will propel the textile sector to the growth of USD 300 billion by 2025-26. Buyers can see live product demos of the most cutting-edge machines and solutions provided by the sellers' network of industry leaders.
PLI Scheme
10 Sep 2021
PLI scheme for textile industry: Here’s all you need to know
The Central government will offer incentives worth Rs 10,683 crore to firms The scheme is also aimed at attracting fresh investments in the textile sector. The Centre is aiming to attract investments to the tune of Rs 19,000 crore in the coming years.
GST
03 Jun 2017
Important meeting of GST Council today; to finalise rates on gold, textiles
The GST Council had last month fitted over 1,200 goods and 500 services in the four tax brackets of 5, 12, 18 and 28 percent. Beside, it had imposed cess over and above the peak rate of 28 percent on demerit and luxury goods.
GST
02 Jun 2017
GST Council to finalise rates on gold, textiles today
The GST Council will on Saturday finalise taxes to be levied on six commodities, including gold, textiles and biscuits, as the Centre and states gear up to roll out the new indirect tax regime from July 1.
Textiles
14 Sep 2016
Good quality textiles a rarity in Indian markets, says Madhu Jain
Craft revivalist and textile conservationist Madhu Jain, known for promoting indigenous forms of textile weaving and design in her almost 30 year-long career, says it's difficult to find good quality textiles in the Indian market nowadays. She also feels that unlike in the West, there is no quality control in India and this results into many problems.
India exports
30 Oct 2015
Govt provides Rs 3,000 cr duty benefits to boost exports
FIEO Director General Ajay Sahai said that Rs 3,000 crore incentive would help Indian exporters at this challenging time.
Welspun India
20 Jul 2015
Welspun Q1 net up 55% at Rs 163 cr; plans Rs 1,100 cr capex
Home textiles firm Welspun India, part of the USD 3 billion Welspun Group, Monday reported a 55.42 percent jump in its consolidated net profit at Rs 163.15 crore for the first quarter of 2015-16.
Ikea
11 Feb 2015
IKEA plans to ramp up sourcing in India, eye new categories
Swedish furniture retail major IKEA is mulling increasing sourcing of items from India and widening its supplier base in the country.
Textiles
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.
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