Economy

Budget 2025 Proposals To Boost Indian T&A Sector And Enhance Global Competitiveness

Textile Insights February 10, 2025

The domestic textiles and apparel (T&A) sector has applauded the growth-focused measures announced by Union Finance Minister Nirmala Sitharaman in the Budget 2025. Welcoming the progressive budgetary steps aimed at infusing the much-needed momentum, the apex industry body, Confederation of

Tete-A-Tete

‘Backed By Reliance Industries, We’re Driven By Innovation And Ambition To Become One Of The World’s Leading Textile Giants’

Textile Insights February 9, 2025

Biji Chacko shares his strategic vision for the company in an exclusive interview with Henry Dsouza, Associate Editor of Textile Insights. With a steadfast focus on sustainability, advanced technology and operational efficiency, Chacko outlines how Alok Industries aims to redefine the global textile landscape. From embracing AI and renewable energy to capitalizing on

Economy

Union Budget 2025-26: A Transformational Push For Textiles, MSMEs, Agriculture And Exports

Textile Insights February 1, 2025

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, introducing a series of bold reforms and sector-specific initiatives aimed at bolstering India’s textile industry, MSMEs, exports and agriculture, while implementing tax relief measures to increase disposable income and stimulate economic growth. With a strong focus on self-reliance, domestic

Export

Indian Apparel Exports Set To Grow 9-11% In FY25: ICRA

Textile Insights October 24, 2024

Indian apparel exporters are projected to register 9-11% revenue growth in FY25, driven by the gradual liquidation of retail inventories in key global markets and a shift in sourcing to India, according to a report by ratings agency ICRA. The recovery follows a sluggish FY24, which saw exports decline by 2% due to high retail […]

Event

Ministry Of Textiles Engages Foreign Missions To Promote Bharat Tex 2025

Textile Insights October 24, 2024

The Ministry of Textiles hosted an interactive session with over 30 foreign missions at Sushma Swaraj Bhawan to promote Bharat Tex 2025, scheduled for February 14-17, 2025. Representatives from countries such as Australia, Brazil, Italy, Russia, Thailand, and Vietnam participated in the event. Union Minister of State for External Affairs and Textiles, Shri Pabitra

Technical Textile & Nonwoven

India’s Technical Textiles Sector To Surpass US$ 10 Billion Exports By 2030: Giriraj Singh

Textile Insights September 9, 2024

Union Minister of Textiles, Giriraj Singh, confidently projected that India’s technical textiles industry will surpass the US$ 10 billion mark by 2030. Speaking at the ‘Viksit Bharat- Technical Textiles for Sustainable Growth & Development’ conference in New Delhi, Singh highlighted the increasing role of man-made fibres and technical textiles in everyday life,

Industry

Indian Ministry Of Textiles Showcases 2023 Achievements

Textile Insights December 29, 2023

The Indian Ministry of Textiles launched several initiatives in 2023, which include PM MITRA Parks, Kasturi brand cotton and garnered investment of around Rs 2,119 crore under PLI Scheme. The initiatives also include 126 research proposals approved and valued at Rs 371 crore under National Technical Textile Mission (NTTM) for speciality fibre and technical textile. […]

Policies

Textiles Ministry Tweaks PLI Scheme To Draw Investments

Textile Insights November 15, 2023

The Indian textiles ministry is making the production-linked incentive (PLI) scheme for textiles more attractive by offering more flexibility, after receiving a tepid response from the Indian textile sector. The textiles ministry has proposed to add more textile product lines and categories in the harmonised system (HSN) codes for MMF products, which has been sent […]

Policies

PLI Scheme For Textiles Extended Till December 31

Textile Insights November 3, 2023

In view of the requests from textile industry stakeholders’, the Ministry of Textiles has decided to extend the date of inviting fresh applications under the PLI Scheme up to December 31, 2023. Earlier the Ministry had extended the period for inviting fresh applications from the textile industry till August 31, 2023 and then to October […]

Trade & Market

Centre Approves 64 Applications Under The Production Linked Incentive Scheme For Textiles

April 28, 2023

Indian government had approved the Production Linked Incentive (PLI) Scheme for Textiles on 08.09.2021 with an approved outlay of Rs.10,683 crore over a five year period to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive. […]