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Govt’s decision to withdraw MEIS incentives to hit textile exporters
March 2020
The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
MP CM brings investment worth Rs 3,250 cr in textiles
March 2020
Trident announced an investment of Rs 3000 crore in Madhya Pradesh in ‘Investment Round Table Conference’ with CM Kamal Nath in New Delhi.
Textile industry worried as Govt scraps export sops
January 2020
The textile industry has expressed shock and anguish over the withdrawal of four per cent incentive given under the Merchandise Export Incentive Scheme (MEIS) on made-ups and garments, with retrospective effect from March 7, 2019.
How to increase exports of garments from India
November 2019
The garment industry is very competitive, and countries are being able to export only if they are competitive, writes Saon Ray.
Forever 21 files for bankruptcy
September 2019
Forever 21 Inc and its US subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.
T.T. Limited to exit from spinning
September 2019
T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).
CLE demands hike in duty-free limit for leather garments
September 2019
Hailing the recent Government measures to boost exports, the Council for Leather Exports (CLE) has demanded raising the duty free limit for leather garments to 5 per cent to help raise shipments.
R|Elan, Neva partner for next-gen performance wear
September 2019
R|Elan™, the next-gen fabrics from Reliance Industries Ltd. (RIL), has joined hands with Ludhiana based Neva Garments Ltd., a leading value fashion retailer, to create and market apparels made from an innovative range of R|Elan™ Kooltex & R|Elan™ FeelFresh performance fabrics.
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