Textile Industry News
Can India capitalize on ’Bangladesh Plus One’?
Customers may not fully replace Bangladesh or find alternative capacity immediately, but they may look for alternatives to reduce further dependence on Bangladesh.If the crisis continues, India can expect a 10-15% gain in the short to medium term on garment exports.
4 min read17 Aug 2024Promoting a Sustainable Handloom Revival: Quality above Quantity
India’s handloom sector has emerged as a beacon of sustainability and slow fashion over the past few years. It is also known to provide employment to 3.5 million weavers and workers in rural and semi-rural areas across the country.
4 min read7 Aug 2024West’s demand for summer wear boosts India’s textile exports by 5.4% in April-May
Exports rose to $5.86 billion in the first two months of FY25 from $5.56 billion in the same period a year ago, commerce ministry data showed.However, textile exports have actually declined since 2018 despite the government’s incentive scheme, which was launched in 2021.
2 min read28 Jun 2024Domestic D&P industry faces challenges amid demand decline and input cost fluctuations: Report
Despite the subdued performance, the solvency position of major players in the D&P industry is expected to remain relatively comfortable in FY24. This observation bodes well for their ability to manage capital expenditure and incremental working capital requirements.
1 min read24 Jul 2023Centre may defer cotton quality order
A QCO bars manufacturers, importers and distributors from storing or selling a product without a Standard Mark, except under licence from the Bureau of Indian Standards (BIS).
2 min read26 Jun 2023PM Mitra Park to boost jobs, textile industry in Uttar Pradesh: Minister Goyal
PM Mitra Park Lucknow will be developed as a public-private partnership through a special purpose vehicle owned by central and state governments. The park is expected to generate investment of ₹10,000 crore and create jobs for 100,000 people directly and 200,000 people indirectly.
1 min read18 Apr 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared