Event

Textile Association (India) Mumbai Unit Hosting Lecture On 5S

Textile Insights April 5, 2024

The Textile Association (India), Mumbai Unit is organising a hybrid lecture on April 12, 2024 at TAI, Mumbai Unit Office. The theme of the lecture, which is online as well as offline is ‘5S – The First Step to Building a World Class Organisation’ and will be held from 4.00 to 05.30 pm.

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

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 […]

Industry

CITI Welcomes FTA With European Free Trade Association Nations

Textile Insights March 11, 2024

The Confederation of Indian Textile Industry (CITI) has welcomed signing of the Trade and Economic Partnership Agreement with the European Free Trade Association (EFTA) countries. EFTA members include Iceland, Liechtenstein, Norway, and Switzerland which are an important trade bloc for the Indian textile industry. “CITI had been requesting the government to expedite

Event

India ITME Society Hosts Textile Tech Session At Bharat Tex 2024

March 10, 2024

The Indian Textile Industry witnessed a historic moment during Bharat Tex 2024, as India ITME Society, a 45-year-old apex industry body, spearheaded an enthralling session on Manufacturing Technologies for Textiles. Held on February 27, 2024, at Bharat Mandapam, the session showcased the latest advancements in textile machinery and technology, setting the stage for a new

Event

100,000 Trade Visitors Attend Bharat Tex 2024. 63 MoUs Inked

Textile Insights March 4, 2024

Over 100,000 trade visitors attended Bharat Tex 2024 and 63 MoUs were inked in various fields, including entrepreneurship, skilling and sustainability. “The four-day event witnessed an overwhelming response not just from Indian, but also global players, including top brands and retailers,” an official statement said. Over 10,000 artisans, weavers, design and

Textile Park

PM MITRA Parks To Attract Large Investments & Huge Employment

Textile Insights March 4, 2024

Expeditious implementation of seven PM Mega Integrated Textile Regions and Apparel (PM MITRA) parks will help in attracting large investments besides generating huge employment. During inauguration of Bharat Tex 2024, Prime Minister Narendra Modi threw light on plans to create seven PM MITRA parks in various states and underlined the emphasis on the creation of […]

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 […]

Industry

Tie-Ups With Foreign Institutes To Train Indian Artisans

Textile Insights February 27, 2024

The Indian government plans to help impart world-class training to Indian artisans, weavers and young professionals through tie-ups and exchange programmes between Indian textile research institutes and technical institutes in the UK, Australia and Finland. “With this, it hopes to add heft to Indian textile manufacturing to meet global demand and position India as a […]