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SIMA: Exclude textile units from lockdown restrictions
Southern India Mills’ Association (SIMA) said that stopping textile units in Tamil Nadu during night hours and on Sundays would affect the production activities, exports and also the jobs of several lakhs of workers.
India imposes duty on cotton imports
On February 1, Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22.
PLI scheme a shot in the arm for MMF & tech textiles
On November 11, 2020, the Union Cabinet gave its approval to extend the PLI scheme to textile products along with nine other new sectors entailing additional financial outlay of Rs 1,460 billion over a five-year period.
Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
SIMA hails marginal increase in duty drawback rates
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Duty Drawback Committee and the Government for considering the inputs given by the textiles and clothing industry and enhancing the rates marginally across the value chain.
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