Textile Sector

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.

Prime Minister Narendra Modi on Monday said that his government was working to revive the domestic textile sector and after 2014, efforts were made to change the mindset that had developed where people looked down on those who donned

India will soon have its own standard body sizes for the apparel sector with only the final touches pending following the conclusion of a nationwide survey, Union Textiles Minister Piyush Goyal said on Tuesday.

Prime Minister Narendra Modi on Friday announced that PM MITRA mega textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

The textile industry is committed to achieving the $100 billion export target by 2030. Kashi and Tamil Nadu will play a major role in this, said Union Commerce and Textiles minister Piyush Goyal.

Surat has traditionally swayed towards the ruling BJP, with textile and diamond merchants backing the party, along with lakhs of people associated with the sectors in the business hub.

PM Modi In Japan: PM Modi courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki Motor Corp, to discuss investment opportunities India offers in sectors ranging from textiles to automobiles.

Finance Ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry

Textiles Minister Piyush Goyal has asked the domestic industry to get into innovative partnerships for developing 100 textile machinery champions

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

The supply chain is impacted by local lockdown restrictions across many parts of the country, especially at major textile hubs including Ludhiana, Tirupur, Bhilwara, and Surat.

The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles, and food products to attract investment

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.

Some sectors, including pharma, textiles, electronics and hardware, and chemicals highlighted the challenges being faced by them as a result of the fast-spreading virus.

Besides, Goyal will meet representatives from aviation, road, textiles, food processing, renewable energy, tourism and mining industries along with these sector's concerned ministries. "It's a two-pronged strategy, whereby, we are trying to understand and address the issues being faced by corporates in expanding operations and enhancing their inves...

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.

Prime Minister Narendra Modi on Monday said that his government was working to revive the domestic textile sector and after 2014, efforts were made to change the mindset that had developed where people looked down on those who donned

India will soon have its own standard body sizes for the apparel sector with only the final touches pending following the conclusion of a nationwide survey, Union Textiles Minister Piyush Goyal said on Tuesday.

Prime Minister Narendra Modi on Friday announced that PM MITRA mega textile parks would be set up in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh.

The textile industry is committed to achieving the $100 billion export target by 2030. Kashi and Tamil Nadu will play a major role in this, said Union Commerce and Textiles minister Piyush Goyal.

Surat has traditionally swayed towards the ruling BJP, with textile and diamond merchants backing the party, along with lakhs of people associated with the sectors in the business hub.

PM Modi In Japan: PM Modi courted top Japanese business leaders, including Masayoshi Son of SoftBank and Osamu Suzuki of Suzuki Motor Corp, to discuss investment opportunities India offers in sectors ranging from textiles to automobiles.

Finance Ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry

Textiles Minister Piyush Goyal has asked the domestic industry to get into innovative partnerships for developing 100 textile machinery champions

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

The supply chain is impacted by local lockdown restrictions across many parts of the country, especially at major textile hubs including Ludhiana, Tirupur, Bhilwara, and Surat.

The incentives will be given to manufacturers in 10 sectors including automobiles and auto parts, pharmaceuticals, textiles, and food products to attract investment

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.

Some sectors, including pharma, textiles, electronics and hardware, and chemicals highlighted the challenges being faced by them as a result of the fast-spreading virus.

Besides, Goyal will meet representatives from aviation, road, textiles, food processing, renewable energy, tourism and mining industries along with these sector's concerned ministries. "It's a two-pronged strategy, whereby, we are trying to understand and address the issues being faced by corporates in expanding operations and enhancing their inves...