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Govt extends RoSCTL till Mar 2024; Industry hails the decision
August 2021
The Union Cabinet, chaired by the Prime Minister, on July 14, 2021, gave its approval for continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme with the same rates till March 31, 2024 for the exports of apparel garments and made-ups.
Ministry of Textiles signs MoU with Nissenken
March 2021
A formal Memorandum of Understanding (MoU) signing ceremony was held between Textiles Committee, Ministry of Textiles, Government of India and M/s Nissenken Quality Evaluation Centre Japan, through video conferencing on 27th January 2021.
Aspire, believe & deliver: India - The future of global fashion
March 2021
In 2020 alone, Asia Pacific accounted for 51 per cent of the global textile market, making it the largest region. India is the second-largest manufacturer and exporter of textile and clothing in the world, with a 5 per cent share of global trade.
Are we prepared for import substitution?
September 2020
An independent research on current import portfolio from China promotes the idea that there are about 40 sub-sectors that have the potential to lower their import dependency on China. An independent research on current import portfolio from China promotes the idea that there are about 40 sub-sectors that have the potential to lower their import dependency on China.
Go beyond FTAs
August 2020
According to a report of analytics firm Fitch Solutions, Asia is expected to remain a dominant player in garment production over the coming decade even as China looks to reduce its apparel manufacturing operations and move up the value chain. In spite of this, India and Indonesia, which offer low-cost cheap labour and large domestic markets, may not be able to take advantage of the situation due to the lack of conducive business conditions.
Grasim’s Staple Fibre Division wins award for CSR
August 2020
Grasim Industries, Nagda bagged the 14th Golden Peacock Awards 2019 for CSR in the Textile & Apparel sector, for the project “Integrated Rural Development”.
Coronavirus impact on textile industry
March 2020
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
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