Tag: Prabhu Damodaran

Demonetisation: Textile industry extends support for cashless economy

The textile industry has expressed solidarity with the Centre’s goal to promote India as a cashless economy. Supporting the decision, representatives of the textile industry across the country are encouraging the workers to open bank accounts. As a result, salary payment will be done either throu…

Textile units told to register online & provide production data

From January, all units across the textile value chain, except handloom, khadi and jute, will have to register online and provide data on production. According to a senior official in the Ministry of Textiles, the information will be collected, not for regulation, but for the development of the t…