The Tiruchi District Tiny and Small Scale Industries’ Association (TIDITSSIA) has been shown a few locations in Manapparai area (Tamil Nadu) for establishment of a mini textile park (MTP) with substantial government subsidy.
Browsing: Industry Update
The Pakistan Cotton Ginners Association (PCGA) has opposed the recommendation of the Economic Coordination Committee (ECC) to withdraw 4 per cent customs duty and 5 per cent sales tax on the import of cotton from India and other countries, especially when the country had already suffered a loss of Rs 500 billion due to reduced cotton production.
Tata Cliq Luxury, Tata Group’s luxury e-commerce platform, has announced its partnership with The Woolmark Company. Through this association, Tata Cliq Luxury will be the exclusive retail partner in India for larger designer collections that will integrate merino wool in their garments and accessories, and for the International Woolmark Prize.
There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year.
The Gujarat Chamber of Commerce and Industry (GCCI) recently signed a memorandum of understanding with an official delegation from South Korea led by the country’s consul general in Mumbai Kim Soungeun for cooperation between small and medium enterprises (SMEs) in Gujarat and Korean firms, with a focus on automobile, defence, chemicals and textiles sectors.
The Karnataka Government has given the green signal to Kerala-based Kitex Garments to invest Rs 493 crore for a ready-made garments unit in Hassan, Karnataka. Kitex was looking to set up an export-oriented garments unit for infants in Hassanat an investment of Rs 500 crore.
To provide enough business opportunities, the Bihar Government is making all-out efforts to attract the investors from Punjab, especially those dealing in textiles, apparel, dyeing industry from Ludhiana. The Bihar government is offering huge incentives, better infrastructure to the industrialists to set up manufacturing units in Bihar.