Policies

Bangladesh Garment Industry Grilled By US Trade Commission

Textile Insights March 18, 2024

Bangladesh garment industry representatives faced tough questions on wages, labour rights and worker productivity at a virtual hearing held by the United States International Trade Commission (USITC) last week. Bangladesh was among the five countries that export garments to the US market and

Policies

France Proposes Ban On Used Clothing Export To Africa & Asia

Textile Insights March 18, 2024

The French Ministry of the Environment has submitted a proposal to the European Union Parliament to ban export of used clothing. This step was taken as part of the government’s increasingly urgent efforts to tackle the worsening textile waste problem. According to United Nations (UN) trade data, the European Union has exported 1.4 million metric […]

Policies

Govt Sets Minimum Price For Imported Synthetic Fabrics For 6 Months

March 17, 2024

In a bid to regulate imports and protect domestic manufacturers, the Central government has announced the imposition of a minimum import price on certain categories of synthetic knitted fabrics. The decision, made under the Foreign Trade (Development & Regulation) Act, 1992, and in accordance with the Foreign Trade Policy, 2023, aims to ensure a level […]

Policies

India Extends Reskilling Programme Samarth Till March 2025

Textile Insights March 14, 2024

The Indian government has decided to extend ‘Samarth’ scheme for capacity building in textiles sector by another year and will now be operational till March 31, 2024. A circular from the Ministry of Textiles informed that the Department of Expenditure under the Ministry of Finance has approved the extension of the scheme. Samarth is a […]

Policies

Exporters Under AA, EOU & SEZ Exempted From Mandatory QCO

Textile Insights March 14, 2024

The Directorate General of Foreign Trade (DGFT) has taken steps to alleviate the burden on exporters operating under Advance Authorisation (AA), Export Oriented Units (EOU), and Special Economic Zones (SEZ). DGFT has done this by enabling provisions to exempt inputs from mandatory Quality Control Orders (QCOs) issued by the Ministry of Steel, DPIIT, and Ministry […]

Policies

Selling Machine Made Products As Handmade Will Be Penalised

Textile Insights March 7, 2024

Textiles Minister Piyush Goyal warned of firm action against those selling machine-made products under the ‘Handmade in India’ label. Piyush Goyal said this during his interaction with beneficiaries of the textile sector and urged them to be vocal for local and take local to global. Also present during the interaction were Minister of State for […]

Policies

Finance Ministry May Tweak 45 Days Payment Rule for MSMEs

Textile Insights March 2, 2024

The government is actively reviewing the concerns of stakeholders and assessing whether there are valid grounds for amendments to this 45-days payment rule for MSMEs. The Union Finance Ministry is contemplating a revision to a recent tax regulation requiring businesses to settle payments to small and medium-sized enterprises (MSMEs) within 45 days. This follows a […]

Policies

Several Initiatives In TN Budget To Promote Textile Industry

Textile Insights February 20, 2024

Tamil Nadu Finance Minister Thangam Thennarasu has announced several initiatives for development of the textile and apparel industry in the state in the Tamil Nadu budget. These include development of the PM MITRA Park in Virudhunagar, Textile Park in Salem, higher capital subsidy for technical textile investments and support for technology upgradation for spinning mills.

Policies

Karnataka To Formulate New Textile Policy 2024-29

Textile Insights February 19, 2024

In his budget speech, Karnataka CM Siddaramaiah said government will formulate a new textile policy 2024-2029 for the development of the textile sector as the earlier textile policy 2019-2024 ends this year. “This policy will also promote greater investment and employment opportunities. We expect a capital investment of Rs 10,000 crore, which will generate 200,000 […]

Policies

Interim Budget’s Infra Push And Measures To Boost Rural Consumption Likely To Revive Textile Demand

February 13, 2024

The domestic textile and apparel sector has welcomed the Interim Budget 2024 presented by the Union Finance Minister Nirmala Sitharaman, even as it fails to meet the expectations in a true sense.  Industry players and observers believe that some of the macro-economic initiatives and measures in terms of  government’s commitment to fiscal consolidation with a […]