India’s garment exports are expected to register a 15-18 per cent growth to touch US $20 billion, during the current fiscal following improved market conditions in US and other markets. It has clocked 15 per cent growth in garment exports at US $17 billion in FY17, and is expected to increase fro…
Tag: Rahul Mehta
GST rates: Concern over impact on exports of textiles & jewellery
New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
Textile scrips rise on revival in sentiment
The share price of textile companies jumped by up to 10 per cent on March 23, on the expectation of a sharp recovery in textile and apparel export in the coming months, due to less shipment from China. The domestic market is also gradually overcoming the dull demand sentiment which had arisen out…
बजट 2017: टेक्सटाइल इंफ्रास्ट्रक्चर को बेहतर बनाएगा ये बजट
प्रधानमंत्री मोदी के विज़न टेक्सटाईल सेक्टर में रोजगार व उत्पादन को बढ़ाने के लिए बजट में वित्तीय वर्ष 2017 के लिए टेक्सटाइल पार्क, ऊष्मायन सुविधाएं (इन्क्यूबेशन फैसिलिटी), संसाधन और विकास केन्द्रों के निर्माण के लिए आवंटन कोष सीमा को पहले की अपेक्षा तीन गुना वृद्धि के साथ 1,860 रुपये कर दिया गया …
Denim industry faces investment drought
The Rs 30,000 crore Indian denim industry is likely to face a shortage of fresh investment in the next five years with around 30 per cent of capacity remaining idle for years. Over the last five years, India’s denim makers have more than doubled capacity to 1.3 billion meters a year because of an…
Industry hopes Textile Policy will create more jobs, boost exports
The new Textile Policy announced by the government is expected to give a major fillip to the debt-ridden textile industry which has been reeling under rising cost and falling exports. Rahul Mehta, President, Clothing Manufacturers Association of India, said the policy has removed some of the majo…