Industry

Bangladesh Textile Factories Resume Operations After Civil Unrest

Textile Insights August 19, 2024

Following recent civil unrest in Bangladesh, textile factories owned by Indian companies have restarted operations, according to a senior official from the Ministry of Commerce. The official, who requested anonymity, confirmed that after several days of disruption, these manufacturing units are

Industry

Giriraj Singh Is The New Minister Of Textiles

June 10, 2024

Giriraj Singh, BJP MP from Begusarai Loksabha constituency in Bihar, has been appointed as the new Minister of Textiles. Previously, he served as the Minister of Cooperative, Animal Husbandry, and Fisheries Resources Development in the Government of Bihar. The Ministry of Textiles, previously was held by Piyush Goyal. He has now been appointed as the […]

Policies

Budget Extends RoSCTL Scheme For Apparel & Made-Up Exports

Textile Insights February 2, 2024

Finance Minister Nirmala Sitharaman in her interim budget has continued the Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) for the export of apparels and made-ups until March 31, 2026. The RoSCTL, whose budgetary allocation has been increased by 10 percent, has proven to be instrumental in enhancing the competitiveness of Indian […]

Policies

Key Takeaways Of Indian Interim Budget For Fiscal 2024-25

Textile Insights February 1, 2024

Today Finance Minister Nirmala Sitharman presented the interim union budget for fiscal 2024-25. The Finance Minster did not make any changes in direct and indirect taxes including import duties. Key takeaways of her speech include; Revised Estimates Fiscal 2023-24 Total receipts – Rs 27.56 lakh crore Tax receipts – Rs 23.24 lakh crore Total expenditure […]