Indian Textile Industry

5G will contribute $450 billion to the Indian economy in next 15 years, stated Indian Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Minister Piyush Goyal. The launch of indigenous 5G testbed will be milestone towards Aatma Nirbhar Bharat (Self-reliant India) in telecom. It will help in digitising the economy, bo...

India and Australia signed a trade agreement under which Canberra would provide duty free access in its market to over 95 per cent of Indian goods

At Texport Industries' factories in south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops and kids' clothes for U.S. customers of Tommy Hilfiger and Kohl's Corp.

Piyush Goyal, cabinet minister for Textiles, Commerce and Industry has said that the Government of India wants Hyundai to be more forceful in unequivocal apology for the controversial tweet posted by a Hyundai Pakistan dealer.

Mukesh Ambani's Reliance Industries Ltd., along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion.

Union minister Smriti Irani on Sunday said Indian textiles and garments industry would soon get its own country-specific apparel size.

Union Textiles Minister Smriti Irani today applauded the low-cost jute based sanitary napkin developed by Indian Jute Industries Research Association (IJIRA) here and asked the body to help promote women entrepreneurship.

According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction of service tax on job work would bring relief to the textile industry from the extra burden as bulk of the work is with SMEs and carried on through job works.

The Department of Heavy Industry has approved four Centres of Excellence (CoE) in the fields of Textile Machinery, Machine Tools, Welding Technology and Smart pumps under the Scheme for enhancement of competitiveness in the Indian Capital Goods Industry, says the Union government.

Indian markets came under sharp selling pressure on Friday as amid weakness in pharma, metal, auto and energy shares. NDTV Profit spoke to market experts who shared their trading strategies.

India's cotton and apparel exports are set to climb by around 10 per cent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said.

Under the inverted duty structure, finished goods are taxed at lower rates than raw material. In its submission to the government, Ficci has said that nine manufacturing sectors have reported duty inversion, which includes aluminium products, capital goods, cement, chemicals, electronics, paper, steel, textiles and tyres.

The government could impose a 10 per cent duty on cotton exports as early as Thursday aiming to boost overseas sales of value-added textiles to take advantage of a weak rupee and reduce the current account deficit, government sources and industry officials said.

5G will contribute $450 billion to the Indian economy in next 15 years, stated Indian Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Minister Piyush Goyal. The launch of indigenous 5G testbed will be milestone towards Aatma Nirbhar Bharat (Self-reliant India) in telecom. It will help in digitising the economy, bo...

India and Australia signed a trade agreement under which Canberra would provide duty free access in its market to over 95 per cent of Indian goods

At Texport Industries' factories in south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops and kids' clothes for U.S. customers of Tommy Hilfiger and Kohl's Corp.

Piyush Goyal, cabinet minister for Textiles, Commerce and Industry has said that the Government of India wants Hyundai to be more forceful in unequivocal apology for the controversial tweet posted by a Hyundai Pakistan dealer.

Mukesh Ambani's Reliance Industries Ltd., along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd., according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion.

Union minister Smriti Irani on Sunday said Indian textiles and garments industry would soon get its own country-specific apparel size.

Union Textiles Minister Smriti Irani today applauded the low-cost jute based sanitary napkin developed by Indian Jute Industries Research Association (IJIRA) here and asked the body to help promote women entrepreneurship.

According to Chairman of the Confederation of Indian Textile Industry (CITI) J Thulasidharan, reduction of service tax on job work would bring relief to the textile industry from the extra burden as bulk of the work is with SMEs and carried on through job works.

The Department of Heavy Industry has approved four Centres of Excellence (CoE) in the fields of Textile Machinery, Machine Tools, Welding Technology and Smart pumps under the Scheme for enhancement of competitiveness in the Indian Capital Goods Industry, says the Union government.

Indian markets came under sharp selling pressure on Friday as amid weakness in pharma, metal, auto and energy shares. NDTV Profit spoke to market experts who shared their trading strategies.

India's cotton and apparel exports are set to climb by around 10 per cent this year as higher wages, political instability and concerns about workplace conditions in other producing markets steer international buyers toward Indian exporters, industry officials said.

Under the inverted duty structure, finished goods are taxed at lower rates than raw material. In its submission to the government, Ficci has said that nine manufacturing sectors have reported duty inversion, which includes aluminium products, capital goods, cement, chemicals, electronics, paper, steel, textiles and tyres.

The government could impose a 10 per cent duty on cotton exports as early as Thursday aiming to boost overseas sales of value-added textiles to take advantage of a weak rupee and reduce the current account deficit, government sources and industry officials said.