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Govt identifies 10 sectors to cut imports
Sectors already identified by the Department of Promotion for Industry and Internal Trade (DPIIT) in consultation with other ministries include capital goods and machinery, mobile and electronics, gems and jewellery, pharmaceuticals, textiles and garments.
FTAs to boost India’s textile exports: AEPC chairman
FTAs with Australia, Canada, the United Kingdom and EU will help boost India’s textile exports, according to AEPC, whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India's exports.
India monitors garments imported via Bangladesh
India’s Directorate of Revenue Intelligence (DRI) has issued an alert over garments being imported via Bangladesh from other countries to take advantage of duty concessions offered under a free-trade agreement (FTA).
India imposes duty on NFY from Vietnam, EU
The Indian government has imposed an anti-dumping duty ranging between $128.06 per tonne and $719.44 per tonne for five years on import of nylon filament yarn from Vietnam and the European Union.
Indian textile sector on upswing: Ind-Ra
The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
Pakistan textile exports drop 16%
Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
Rupee’s low: Exports gain, imports drain
India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low a couple of days back.
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