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COVID crisis: Textile exports fell by 13% in FY2020-21
May 2021
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.
COVID-19 hurts textile exporters
March 2020
Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events
Govt’s decision to withdraw MEIS incentives to hit textile exporters
March 2020
The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
Govt’s decision to withdraw MEIS incentives to hit textile exporters
January 2020
The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
Textile bodies hail financial measures to boost economy
November 2019
Indian textiles and clothing industry, the second largest employment provider (around 11 crore people) next only to agriculture was the second largest exporter in the world during 2017, now it has slipped to 5th position due to global recession especially in the aftermath of US-China trade war and the tariff concessions extended for the competing Nations like Vietnam, Bangladesh, Pakistan, etc.
Textile bodies appeal for status quo on energy policies in TN
October 2019
Tamil Nadu textile industry that accounts for one-third of the textile business, 47 per cent of the spinning capacity providing direct jobs to over 60 lakh people especially to rural masses and women folk and fetching Rs 60,000 crore as forex earnings, is the worst affected in the country under the current unprecedented recession due to raw material / finished goods transport cost and several other factors.
Textile machinery industry upbeat post-Texfair
September 2019
The Southern India Mills’ Association (SIMA), Coimbatore organised Texfair 2019 – largest expo of textile machinery, spares, accessories and other supporting services and Farm to Finish Expo 2019 – expo showcased right from raw material to finished products during August 9-12, 2019 at CODISSIA Trade Fair Complex, Coimbatore.
Tax refunds to boost textile exports
April 2019
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
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