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From raincoats to briefs to diapers: Textile PLI shows green shoots as imports drop, niche exports tripleIndia's textile sector is showing promising growth. The Production-Linked Incentive scheme is boosting local manufacturing. Imports of spec...- Government clears 96 firms under latest textile's PLI round with Rs 12,823 crore outlayThe government has approved 22 additional companies under the textile PLI scheme. This brings the total selected firms to 96. These compani...
- Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates 'Buy' call on 3 stocksIndia’s textile sector is nearing an inflection point and could regain lost global market share, according to Emkay Global. The brokerage i...
- Gujarat: VGRC to open new doors of opportunities in Surat's textile sectorThe Vibrant Gujarat Regional Conference will accelerate industrial growth in South Gujarat. This event aims to attract investments, connect...
- West Asia war: Amid gloom and doom in Surat and Tiruppur’s textile clusters, one industry offers hopeAs the West Asia conflict drags down most sectors in India’s two major textile hubs, one segment in Surat is opening up new opportunities
- Govt nod to 52 applications in textile PLIThe government has approved 52 new textile applications under the PLI Scheme. These companies will invest Rs 6,708 crore. This initiative a...
- Centre to expand product coverage under Rs 10,683 crore textile PLI, says Giriraj SinghThe government plans to broaden the Production Linked Incentive scheme for textiles. This expansion will include man-made fibre apparel, fa...
- Textiles market size grows by 8.3% CAGR to Rs 14.95 lakh crore in 2024India's textiles market has seen significant growth. The market size expanded from Rs 4.89 lakh crore in 2010 to Rs 14.95 lakh crore in 202...
- Women consumers contribute 55.5% of textile buys, sarees, trousers key products: govt studyWomen lead textile purchases, accounting for 55.5% of spending. Man-made fibers are gaining popularity over cotton. The market has seen sig...
- Over 95% of textile growth in the last 15 years has come from the MMF segment: Filatex’s BhageriaThe CMD of the textile firm highlights the saturation being felt in the natural fibre segment in India over the past few years.
- Threading new ties: Surat and Tiruppur explore collaboration to boost India’s MMF tradeThe collaboration will entail Tiruppur exporters setting up a few units in Surat to gain first-hand experience in MMF garment production, w...
- Trading traditions: Why cotton-rich Tiruppur is making a shift to syntheticsAlthough Tiruppur is synonymous with cotton, accounting for over 90% of India’s cotton knitwear exports, it is now gradually entering the l...
- Uniform GST on MMF, yarn, fabric from January 1: Government“The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel that has addressed the in...
- Uniform 12% GST rate for MMF textiles to reduce compliance burden: Govt“This will help the MMF segment grow and emerge as a big job provider in the country,” the textiles ministry said in a statement, adding th...
- Finance Ministry notifies 12% GST rate on MMF, yarn, fabrics from January 1; corrects duty anomalyExperts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complicati...
- PLI for man-made fibre, setting up of 7 textile parks to boost production, exports: AEPCThe council in a statement said that buying houses believe that Indian man-made fibre (MMF) garment exporters can aspire to grab USD 20 bil...
- $20 billion opportunity for Indian MMF garments: Buying housesBuying houses like Impulse shared that there was an opportunity for MMF garments and that they have already identified major buyers and mar...
- Nirmala Sitharaman's PLI scheme will boost India's share in global textiles market: CITIHailing the government's move, CITI chairman T. Rajkumar in a press statement said “PLI scheme is extended for 10 key specific sectors, of ...
- Secretaries group suggests reduced manmade fibre imports, changes in duty to boost local production: Smrit IraniCiting the decision of the GST Council to allow input tax credit at MMF fabric stage, she said the committee had recommended the ministry t...
- MMF textiles exports hit by rise in raw materials'To stop this volatility in prices of raw materials, the Centre should make the imports duty free or regulate the prices like done in other...
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