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BUDGET IMPACT ON TEXTILES
India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...- West Asia crisis may soon make everyday goods costlier in IndiaIndia faces a looming price hike on everyday goods as global commodity costs surge due to the West Asia conflict. Manufacturers are absorbi...
- Jingle bell blues: Christmas orders from US, Europe drop 10-15% as West Asia crisis bitesChristmas goods orders from key markets like the US and Europe have seen a 10-15% dip this year. Global economic uncertainties, rising raw ...
- India's economy resilient amid external shocks, says SitharamanIndia's economy shows resilience and strong domestic demand. Finance Minister Nirmala Sitharaman highlighted that external factors are caus...
- Manmade fibre exporters flag concerns arising from West Asia conflictRising crude oil prices due to the West Asian conflict are significantly increasing the cost of manmade fibre raw materials. This is creati...
- Budget 2026: Textile boost through five-pronged integrated programmeIndia's textile industry is set for a robust transformation with new government initiatives. The National Fibre Mission and Textile Eco Ini...
- India said to promote its textiles as political crisis hits Bangladesh's exportsIndia plans to enhance its textile and garment industry with financial support, reduced tariffs on crucial inputs, and local production inc...
- Budget 2024: Sitharaman can help weave Indian textile industries' golden fortune with PLI extension to garment sector, MSME fundingIndia, the world's sixth largest textile and apparel exporter, faces challenges in achieving its textile export goals. The government aims ...
- To counter Bangladesh & Vietnam, Budget announces setting up Mega Investment Textiles ParksTo meet the aim of doubling the textile industry size to $300 bn by 2025-26, 7 mega textile parks have been planned for a ramp up of the se...
- Textile industry body hails interim budgetProvisions announced in the interim budget is expected to give major impetus to the textile and apparel consumption by increasing the purch...
- Budget outlay of Rs 1,555 crore to boost garment exports: Smriti IraniPutting out a series of tweets, Irani said she was "thankful" of the Rs 6,226.50 crore provision in the Budget for textiles.
- Bombay Dyeing to sell Ranjangaon unit on a slump-sale basis for Rs 230 croreThe sale of the unit may not have any impact on the company’s existing retail business and its brand — Home & You — Bombay Dyeing.
- Budget 2013: Zero excise duty to boost textile cos’ revenues says India RatingsIt will also boost garment demand amid weak consumer sentiment, low real wage growth and high inflation.
- Budget 2013: Scrapping of excise duty on cotton, spun yarn big positive for textile industryThe Union Budget has proposed to do away with excise duty on cotton and manmade sector (spun yarn) at the yarn, fabric and garment stages.
- Union Budget 2012: Garments to get cheaper despite hike in excise dutyBranded garments will become cheaper despite hike in its excise duty in this Budget as a result of the government raising the abatement fro...
- Budget 2012: Little cheer for textile industryThe Budget also proposed customs duty exemption of shuttleless looms from 5% to zero, which would benefit spinning mill companies.
- Union Budget 2012: Industrialist demand reduction of excise duty on branded garmentsIndustrialist across the textile sector have demanded the reduction in excise duty on branded garments to 1% from 10 per cent at present. I...
- ‘Garment exporters need interest subsidy on lines of handicrafts’The ministry of textiles has asked the government to extend the interest subsidy scheme for garments exports for another year as has been d...
- Powerloom sector shifts focus to EU on fears about US slowdownThe powerloom sector in India is looking at alternate markets like Europe and the domestic retail story to minimise the impact of the econo...
- Negative on manmade fibre, positive on cotton yarnThe government uses the budget exercise to progressively fine-tune and rationalise its indirect and direct tax policies to create long-term...
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