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MMF FABRICS PRODUCTION
Capex boom, global sourcing tailwinds fuel textile stock rallyTextile exporter stocks witnessed a significant rally on Wednesday, boosted by positive initiation of coverage from Motilal Oswal Financial...
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...
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...
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...
India approves 17 new applicants under PLI Scheme for textilesThe Textile Ministry has approved 17 new applicants under the Production Linked Incentive (PLI) Scheme for textiles, committing Rs 2,374 cr...
Textile PLI: Govt eases investment & turnover criteria, new co normsThe government has revised the Production Linked Incentive scheme for manmade apparel, fabrics, and technical textiles. Minimum investment ...
Govt extends last date for filing applications under PLI Scheme for textiles till December 31The government has extended the application deadline for the textiles PLI scheme until December 31, following significant industry interest...
Govt reopens textiles PLI scheme portal to invite fresh applicationsThe government has reopened the application portal for the Production Linked Incentive (PLI) scheme for the textiles sector, allowing fresh...
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...
Manmade fibre textiles exports to rise 75% by 2030: Textile industry“Technical textiles is a sunrise sector and the future of this industry,” said a government official, adding that ambitious targets have be...
Government reopens MMF textile PLI application window till August 31The textiles ministry had approved 64 applications under the Rs 19,798 crore scheme last year. In part-1 of the PLI schemes, the minimum 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...
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...
Man-made fibre imports hurting domestic textile industry: CITI chairman Sanjay JainCITI chairman Sanjay Jain said that there is an increase in imports of all the MMF products post GST.
Textile imports increase as duty cut bites after GSTPre-GST, import of textile products attracted basic customs duty (BCD) plus countervailing duty (CVD) and special additional duty (SAD).