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

Event

Textile Industry Becoming A Driving Force Of India’s GDP: Pabitra Margherita

Textile Insights September 9, 2024

Pabitra Margherita, Hon’ble Minister of State, Ministry of Textiles, Government of India, addressed the ASSOCHAM Global Textile Sustainability Summit, emphasizing the vital role of sustainability in the textile industry. He outlined a vision for India to lead in sustainable textiles, inspiring global responsibility. Margherita stressed the importance of collaboration

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

India Extends PLI Scheme Timeline Amid Textile Export Challenges

June 19, 2024

The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a decline of 11.69% from $16.24 billion in 2018 to $14.34 billion in […]

Industry

TMMA’s Prashant Mangukia Contributes To ASSOCHAM CEO Roundtable

May 19, 2024

The Textile Machinery Manufacturers’ Association’s (TMMA) first Vice Chairman, Prashant Mangukia of Yamuna Machine Works, participated in a prestigious CEO Roundtable conference hosted by ASSOCHAM (The Associated Chambers of Commerce and Industry of India). The event, titled “India’s Century Vision for the Manufacturing Sector,” took place on May