Category: Industry Update
PLI scheme for textiles now implemented across India: Textile Ministry
In addition to the PLI scheme, the Ministry of Textiles has introduced several initiatives to support and promote traditional handloom textiles nationwide, including in Odisha. ... Read More
Tariffs, trade, and textiles
Indian industry should utilise the opportunity to enhance its productivity and strengthen its cotton and synthetic base. Importantly, the apparel and garment sectors should increase ... Read More
Jakob Müller Group acquires MEI International
Jakob Müller Group (JMG), a global leader in narrow fabric weaving machinery, announced the acquisition of 100 per cent of the shares of MEI International, ... Read More
India’s textile and apparel exports fall in Feb but grow overall
T&A exports registered a 7.19 per cent growth in the first eleven months of FY 2024-25 (April-February). India’s textile and apparel (T&A) exports recorded a ... Read More
Textile units face GST scrutiny over service misclassification
The CGST department has observed that several manufacturers have recorded processes involving significant alterations to fabric as mere ‘washing and dyeing’ to benefit from a ... Read More
Slikk raises $3.2 mn to transform India’s quick-commerce fashion space
The funding will drive Slikk’s operational expansion while enhancing its leadership team across various categories. Slikk, India’s first 60-minute fashion delivery platform, has raised $3.2 ... Read More
Three textile parks in AP set to launch with Rs 3.10 billion investment
Under this initiative, a grant of Rs 490.66 million has been allocated for infrastructure development projects in Andhra Pradesh for the financial year 2024-25. The ... Read More