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UAE investments to help India’s textile sector
India’s textiles sector has been attracting a lot of investment from the UAE as the country is trying to promote the exports of handloom textiles in the next 3 years.
SIMA requests withdrawal of import duty on cotton
According to the Southern India Mills’ Association (SIMA), the import duty on raw cotton would erode the competitiveness India’s value-added segments that has a business size of around Rs 50,000 crores in exports and Rs 25,000 crores in the domestic market.
Ministry of Textiles signs MoU with Nissenken
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.
India to be Atmanirbhar in silk production in 2 years
The Central Silk Board under the Ministry of Textiles and the Ministry of Agriculture and Farmers Welfare signed a Memorandum of Understanding on a convergence model for implementation of agro-forestry in the silk sector.
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.
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