The Government of India has recently announced a scheme targeting at its garment export to reach $30 billion in three years. Prime Minister Modi’s government recently unveiled a scheme with an annual outlay of about (Rs 6,000 crore that will enable the country to reach $30 billion in garment export in three years. The scheme is labour friendly and empowers women and underpriviledged working in the garment and allied sectors. In three years, the initiative is expected to attract additional investments worth $11 billion and will provide 10 million new jobs.
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S anjay K Jain, Managing Director, TT Limited, was elected as President of Northern India Textile Mills’ Association (NITMA), the apex body of textile industry in North India. NITMA elected its new leadership team in its AGM held on July 15, 2016 at New Delhi. Rajiv Garg, MD of Garg Acrylics was elected as Sr VP and Manish Bagrodia was elected as Vice President. Hardyal Singh Cheema, the outgoing president, handed over the baton to the new team.
The textile industry continues to be the second largest employment generating sector in India. West Bengal has a long history and tradition in textiles. The sector provides both indirect and direct employment to a large number of people, with the potential to be a major contributor to the Indian economic growth. To spur this economic growth, The Ffuture Events a leading Event & PR Management & Advertising House of Kolkata, in association with Freeman Apparel & Lifestyle plans to organise “Fashion Mega Trade Fair 2016â€Â, which is a 3-day event to be held from December 9 to 11, 2016 at Milan Mela Ground, in Kolkata, India. The theme of the event will be innovation, design and sustainability.
A must visit exhibition for best of textile engineering, Innovation, customised solutions, green technology, fibre and yarn, agents and distributors, new customers, new business opportunities- India ITME 2016 is the most awaited business event of the year for textile industry.
The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.
Diversified textile player Chiripal Group is setting up a Rs 500-crore terry towel facility in Ahmedabad district with an initial capacity of 10,696 tonne per annum. Nandan Terry Pvt Ltd, a wholly-owned subsidiary, will begin commercial production in December, a top company official said.
The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.