Browsing: Interviews & Opinions

With 7 medals in Tokyo Olympics, India registered its highest medal tally in any Olympics.

Easy availability of raw material, world-class textile machinery and other support services have made cotton the growth engine of the Indian textiles and clothing (T&C) industry

Sutlej Textiles and Industries Ltd – the flagship textiles company of the KK Birla Group whose roots date back to pre-Independence India – is a pioneer in superior spun yarns that have set industry benchmarks for innovation.

The US ban on cotton from Xinjiang has led China to import more cotton from other countries such as Vietnam and India. As a result, India’s exports to China increased significantly in Q4 FY21 and share of China in Indian exports increased to 25% in FY21 (from 22% in FY20). In FY22, the momentum in export growth is estimated to be higher due to revival in global economy along with ongoing restrictions on Xinjiang region produced cotton and possible similar restrictions from other countries such as UK, says Anuj Sethi, Senior Director, CRISIL Ratings, in this interview.

After Piyush Goyal took over the reins of the Union Textile Ministry, the Government of India on July 14, 2021, gave its assent for the continuation of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme on exports of apparels and made-ups till the end of March, 2024.