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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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Kanpur-Based Lohia Corp Files Initial Public Offering Papers With SEBI
Lohia Corp, manufacturer of machinery used in the production of technical textiles, has filed draft papers with capital markets regulator Sebi to garner funds through an Initial Public Offering (IPO).
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PM Modi Meets CEO Of Japanese Retailer Uniqlo, Pitches For Investments
Prime Minister Narendra Modi on Monday met the CEO of Japanese clothing brand Uniqlo to discuss investment opportunities for the retailer in textile manufacturing in India.
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Textile Industry Should Focus on Machinery Production: Piyush Goyal
Textiles Minister Piyush Goyal has asked the domestic industry to get into innovative partnerships for developing 100 textile machinery champions
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Taxmen Search Textile Firm's Delhi, Punjab, Bengal Offices
The Income Tax department has carried out a search and seizure operation on a leading business house of India involved in the manufacture of textile and filament yarn having corporate offices in Delhi, Punjab and Kolkata, said Ministry of Finance.
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New 10,000 Crore Scheme For Textiles, 7.5 Lakh New Jobs: Centre
The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports
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IIT Delhi Start-Up, FFI To Design Advanced Fabric For National Flag
"It is the need of the hour to help manufacturers with a proper standardization and core subject knowledge or skills on technical yarns and fabrics to improve the quality of the flag fabric," said Bipin Kumar, professor at the Textile and Fibre Engineering Department, IIT Delhi.
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Budget 2021 Unveils Scheme For Setting Up Mega Textile Parks In India
The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.
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Government To Spend Rs 2 Lakh Crore Over 5 Years To Boost Manufacturing
The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles, and food products to attract investment
-
Cabinet Approves Production-Linked Incentive Scheme For 10 Sectors
Production-linked incentives will be offered for sectors such as white goods manufacturing, pharmaceutical, specialised steel, auto, telecom, textile, food products, solar photovoltic and cell battery.
-
Allow More Activities With "Reasonable Safeguards", Key Ministry Suggests
The commerce and industry ministry has suggested that more industrial activities should be allowed during the extended coronavirus lockdown with "reasonable safeguards".
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Opinion: Modi-Shah Exhibit Nerves For First Time, Tweak Gujarat Plan
The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...
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PM Modi To Inaugurate 'Textiles India' In Gandhinagar Tomorrow
Prime Minister Narendra Modi will inaugurate India's first-ever mega trade event for the textiles sector tomorrow, showcasing the nation as a global sourcing hub and investment destination for manufacturers world-wide.
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Four Centres Of Excellence Have Been Approved In Indian Capital Goods Industry, Says Centre
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.
-
More Layoffs Likely As Manufacturing Sales Shrink
Spurred by a global slowdown and lack of demand, sales of manufactured goods were falling even before demonetisation, affecting sectors ranging from textiles to leather to steel.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
Kanpur-Based Lohia Corp Files Initial Public Offering Papers With SEBI
Lohia Corp, manufacturer of machinery used in the production of technical textiles, has filed draft papers with capital markets regulator Sebi to garner funds through an Initial Public Offering (IPO).
-
PM Modi Meets CEO Of Japanese Retailer Uniqlo, Pitches For Investments
Prime Minister Narendra Modi on Monday met the CEO of Japanese clothing brand Uniqlo to discuss investment opportunities for the retailer in textile manufacturing in India.
-
Textile Industry Should Focus on Machinery Production: Piyush Goyal
Textiles Minister Piyush Goyal has asked the domestic industry to get into innovative partnerships for developing 100 textile machinery champions
-
Taxmen Search Textile Firm's Delhi, Punjab, Bengal Offices
The Income Tax department has carried out a search and seizure operation on a leading business house of India involved in the manufacture of textile and filament yarn having corporate offices in Delhi, Punjab and Kolkata, said Ministry of Finance.
-
New 10,000 Crore Scheme For Textiles, 7.5 Lakh New Jobs: Centre
The government approved the production-linked incentive (PLI) scheme worth Rs 10,683 crore for the textiles sector on Wednesday, September 8, in order to boost domestic manufacturing and exports
-
IIT Delhi Start-Up, FFI To Design Advanced Fabric For National Flag
"It is the need of the hour to help manufacturers with a proper standardization and core subject knowledge or skills on technical yarns and fabrics to improve the quality of the flag fabric," said Bipin Kumar, professor at the Textile and Fibre Engineering Department, IIT Delhi.
-
Budget 2021 Unveils Scheme For Setting Up Mega Textile Parks In India
The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.
-
Government To Spend Rs 2 Lakh Crore Over 5 Years To Boost Manufacturing
The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles, and food products to attract investment
-
Cabinet Approves Production-Linked Incentive Scheme For 10 Sectors
Production-linked incentives will be offered for sectors such as white goods manufacturing, pharmaceutical, specialised steel, auto, telecom, textile, food products, solar photovoltic and cell battery.
-
Allow More Activities With "Reasonable Safeguards", Key Ministry Suggests
The commerce and industry ministry has suggested that more industrial activities should be allowed during the extended coronavirus lockdown with "reasonable safeguards".
-
Opinion: Modi-Shah Exhibit Nerves For First Time, Tweak Gujarat Plan
The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...
-
PM Modi To Inaugurate 'Textiles India' In Gandhinagar Tomorrow
Prime Minister Narendra Modi will inaugurate India's first-ever mega trade event for the textiles sector tomorrow, showcasing the nation as a global sourcing hub and investment destination for manufacturers world-wide.
-
Four Centres Of Excellence Have Been Approved In Indian Capital Goods Industry, Says Centre
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.
-
More Layoffs Likely As Manufacturing Sales Shrink
Spurred by a global slowdown and lack of demand, sales of manufactured goods were falling even before demonetisation, affecting sectors ranging from textiles to leather to steel.
