Industry

Textile Ministry Drawing Roadmap To Take Industry To The Next Level

Textile Insights October 10, 2024

The Union textile ministry is in the process of creating a comprehensive roadmap which, on the one hand, aims to address on dealing with a wide range of existing issues hampering the growth and, on the other hand, it aims to chart an action plan to achieve the targeted growth strategies in a

Industry

10-12 Textile Firms To Get First PLI Scheme Payments This Fiscal

Textile Insights September 28, 2024

Around 10-12 textile companies are set to receive the first incentive payments under the Production-Linked Incentive (PLI) scheme, according to a senior government official. “Approximately 40 companies have already initiated investments. We had a gestation period until March 2024, and we hope that 10-12 companies will receive their incentive payouts within this

Industry

CITI Chairman Highlights Opportunities At TMMA AGM

Textile Insights September 24, 2024

CITI Chairman Rakesh Mehra addressed the 64th AGM of the Textile Machinery Manufacturers’ Association (TMMA) on September 19th, 2024 at Mumbai, emphasizing the association’s pivotal role in advancing India’s textile machinery sector. Mehra congratulated TMMA for its significant contributions, noting that the association not only advocates for textile machinery

Event

ITTA’s AGM Announces New Strategies, Awards & Initiatives

Textile Insights September 23, 2024

The Indian Technical Textile Association (ITTA) held its 14th Annual General Meeting (AGM) on September 13, 2024, at the Orchid Hotel in Mumbai. The event, chaired by Avinash Misar, saw a large gathering of ITTA members, special invitees and media representatives. Dr Anup Rakshit, Executive Director of ITTA, warmly welcomed all attendees. Mahesh Kudav, Vice […]

Industry

India’s Textile Industry Poised For Explosive Growth: Giriraj Singh

Textile Insights September 10, 2024

India’s textile industry is on track to reach a staggering US$ 350 billion by 2030, creating 3.5 crore new jobs, according to Union Minister of Textiles, Giriraj Singh. The announcement came during the curtain raiser event for Bharat Tex 2025 held on September 4, 2024 in New Delhi. Singh highlighted the potential for India to […]

Industry

India’s Textile Market To Reach US$ 350 Bn By 2030

Textile Insights September 9, 2024

India’s textile industry is expanding rapidly, with textile exports projected to reach US$ 65 billion by the financial year 2025-26, according to Invest India. The country’s textiles production for domestic and export markets is expected to grow at a compound annual growth rate (CAGR) of 10%, reaching US$ 350 billion by 2030. This growth is […]

Policies

Textiles Minister Reviews PLI Scheme Progress

Textile Insights August 22, 2024

Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to

Policies

PLI Scheme Expanded to Boost Garment Sector, Announces Union Minister

June 26, 2024

Union Textiles Minister Giriraj Singh announced the expansion of the Rs 10,000 crore Production Linked Incentive (PLI) scheme to the garment sector, aiming to boost domestic manufacturing and exports. This announcement was made during his inaugural address at the India International Garment Fair (IIGF) at the Yashobhoomi Convention Centre. Singh emphasized the

Tete-A-Tete

FTA With EU Would Be Real Game-Changer For India

June 12, 2024

The fragmented textile value chain in India necessitates the goods to travel from one place to another, which adds to logistics cost as well as has an impact on quality, says Gurudas Aras Historically fragmented and complex nature of our textile value chain has been taking toll on the health of our domestic industry. How […]

Industry

Domestic T&A Sector Set To Reverse Trend Amidst Gradual Demand Revival

May 10, 2024

It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]