Policies

G20 Trade Ministers Forge New Agreements At Jaipur Meeting

August 27, 2023

The G20 Trade and Investment Ministers’ meeting led by Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution, and Textiles, successfully concluded in Jaipur, India. The meeting saw active participation from G20 members, invited countries

Policies

India May Announce Incentives For Textile & Garment Sector

Textile Insights August 24, 2023

The government of India may announce fiscal incentives for the ailing textile and garment by this year-end, which has been impacted by decline in export orders. According to media reports, the incentives may be provided under the production linked incentive (PLI) scheme that the government offers, to boost manufacturing in various sectors. Referring to industry […]

Policies

Textiles Ministry To Keep PLI Portal Open Till Aug 31

Textile Insights July 19, 2023

The Ministry of Textiles has decided to keep the PLI Portal open till August 31, 2023 for inviting applications from interested companies under PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. In a notification dated July 18, the Ministry of Textiles stated that it did so, considering numerous requests […]

Policies

EURATEX Welcomes Progress On Ecodesign, But Highlights Concerns

Textile Insights July 14, 2023

While, welcoming the progress on the Ecodesign Regulation in the European Parliament (EP), the European Apparel and Textile Organisation (EURATEX) also expressed concerns regarding the EP’s approach to target the textile industry in a regulation designed to be a framework legislation for all sectors. EURATEX regretted that the European Parliament has overlooked the plea

Policies

Surat Jari Producers Welcome GST Rate Reduction

Textile Insights July 13, 2023

Jari yarn manufacturers of Surat, which is the biggest manufacturing hub for Jari production, have welcomed the decision of the GST Council to reduce GST rate from 12 percent to 5 percent on Jari yarn. Since the introduction of GST in 2017, the Surat Jari Manufacturers Association has been demanding reduction in the GST rate, […]

Policies

Textiles Ministry Offers 5% Higher Support To SAMARTH

Textile Insights July 12, 2023

The textiles ministry has empanelled 43 new implementing partners under the Scheme for Capacity Building in Textiles Sector (SAMARTH), with an additional training target of 75,000 beneficiaries and 5 percent increment in support to implementing partners. Under SAMARTH, the government of India has partnered 157 textile industries, trade associations and various central and

Policies

FIASWI Opposes QCO For BIS Certification On Polyester Yarns

Textile Insights June 30, 2023

The Federation of Indian Art Silk Weaving Industry (FIASWI) has demanded removal of implementation of Quality Control Orders (QCO) for Bureau of Indian Standard (BIS) certification on various polyester yarns. “FIASWI in a letter addressed to Rachna Shah, the Textile Secretary and JK Gupta, Head Specifications (Textiles) at BIS, has highlighted the need to rectify […]

Policies

Piyush Goyal Mulls ‘Invest India Desk’ In Textile Ministry

Textile Insights June 24, 2023

Indian Textiles Minister Mr Piyush Goyal spoke about setting up a dedicated ‘Invest India Desk’ in the Textiles Ministry to assist and handhold investors, looking to set up or expand their manufacturing base to meet increasing global demand for textiles. Mr Goyal was speaking while chairing an industry interaction on ‘Investment Opportunities in the Textiles

Policies

New PLI Textile Scheme Put Up For Cabinet Approval

Textile Insights May 31, 2023

One more production-linked incentive (PLI) scheme for the textile and garment sector, which will focus on production of apparels, made-ups and garment accessories produced from either, natural or manmade fibre has been put up for approval of the Cabinet, by the Ministry of Textiles. “The proposed minimum investment and turnover criteria for the new PLI […]

Policies

India-UK Free Trade Agreement – A Mutually Beneficial Pact

May 25, 2023

The India-UK trade deal, a highly balanced and comprehensive trade agreement, is likely to create millions of jobs and enormous opportunities for bilateral trade and investment. Therefore, it would be a win-win situation for both countries, writes Prof. Rakesh Mohan Joshi India’s historic relationship with the UK since colonial times, long-standing cultural and social