Category: Industry Update
Rieter appoints Emmanuelle Gmür as Chief Human Resources Officer
Gmür has extensive knowledge in human resources and a proven track record in strategic leadership and organisational development, management consulting and change management. The Board ... Read More
Hosiery sector revenue to grow 10-12% in FY24
The projected growth in volume is expected to compensate for a 1-2 per cent decline in average sales realisation due to reduced selling prices aimed ... Read More
Indian exporters gain as textile markets in Bangladesh, Vietnam struggle
Elevated freight costs due to peak season shipments and the on-going Red Sea issue are expected to decrease in the coming months, potentially improving margins ... Read More
KCC&I calls for immediate action on proposed GST hike for textiles, handicrafts
According to the proposal, textiles priced between Rs 1,500 and Rs 10,000 would be taxed at 18 per cent, while textiles exceeding Rs 10,000 would ... Read More
Minister outlines government’s ‘5F’ strategy to reform India’s textile industry
The Ministry has set a target of $350 billion by 2030, with the textile industry’s total market size estimated at around $165 billion. Pabitra Margherita, ... Read More
GST GoM suggests rate changes for 148 items, textile sector braces for overhaul
The proposed changes are expected to be revenue-positive and are likely to be discussed at the upcoming GST Council meeting on December 21. The GST ... Read More
India’s textile industry aims for $100 billion export target by 2030
The past decade saw stagnation due to challenges such as the expiration of the EU trade treaty, disruptions caused by the COVID-19 pandemic, and high ... Read More