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

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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

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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 […]

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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

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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

Policies

Govt. Likely To Announce National Retail Trade Policy

May 20, 2023

The government is expected to announce a national retail trade policy and an accident insurance scheme soon with a view to supporting GST-registered domestic traders, an official said. The official said the proposed policy would help provide better infrastructure and more credit to the traders. It may include provisions related to ensuring easy and quick […]

Policies

New Foreign Trade Policy Sets Stage For India To Ramp Up Exports: ASSOCHAM

May 16, 2023

Integrating the country into global supply chain with strong enablers like PCPIR and strong government policies is likely to propel the sector forward Chemical including the petrochemical industry makes an important factor in India’s growth story as the government is committed to provide a conducive environment for sustainability, safety, and growth, stated Arun Baroka,

Policies

FICCI, ICWA Sign MoU To Collaborate

May 5, 2023

Federation of Indian Chambers of Commerce and Industry (FICCI) has signed a Memorandum of Understanding (MoU) on 12th April 2023, to collaborate with Indian Council of World Affairs (ICWA), India’s premier and oldest think tank on foreign policy and international affairs and an institute of national importance under the ICWA Act, 2001. The objective of […]