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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.
Textile Industry: Locked down
May 2020
Covid-19 virus that has thrown the economic activity out of gear across the world has also halted the Indian textile industry to a grinding halt.
When will uncertainty end
May 2020
A survey conducted by International Textile Manufacturers Federation (ITMF) among global textile companies revealed that on average orders are down by 32 per cent and the turnover for 2020 is expected to drop by 29 per cent compared to 2019 due to Covid 19 pandemic.
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
Reimbursement scheme for textiles on the anvil
May 2018
The Union Government has assured the textile and clothing industry that it will identify Central and State embedded taxes and work out a reimbursement scheme soon.
Good in part!
March 2018
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Boost for textiles exports
February 2018
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
Pratibha bags top AEPC awards
December 2017
Pratibha Syntex Ltd (Pratibha), a vertically integrated, sustainability oriented manufacturer of knitted textile products, announced that Apparel Export Promotion Council (AEPC) has bestowed it with prestigious Gold Trophy for Highest Global Exports 16-17 in the category of apparel exports above Rs 100 crore and up to Rs 500 crore and formidable Award for Environmental Sustainability during a programme held at New Delhi.
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