The Union Government has assured the textile and clothing industry that it will identify Central and State embedded taxes and work out a reimbursement scheme soon.

Aditya Birla Group firm Grasim Industries will invest over Rs 13,000 crore in its textile and cement businesses over the next 24-36 months, as the company looks to increase capacity and modernise production.

P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.

P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.

The two historical reforms viz., demonetisation and GST, brought by the Government within a span of eight months, though had a big impact on the performance of the textile manufacturing sectors especially the garment exports,etc.

Union Minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward.

The Lenzing Group is set to expand its capacities for Tencel Luxe filament yarn. The company will invest up to Euro 30 million in a further pilot line at the Lenzing site.

The National Institution for Transforming India (NITI Aayog), the think tank of the Indian government, and ABB India have signed a Statement of Intent (SoI) to support the Indian government realise its ambitious vision of “Make in India” through advanced manufacturing technologies that incorporate the latest developments in robotics and artificial intelligence.

The Indian Government has urged industry players to invest in technical textiles as its market is likely to double to about Rs 2 lakh crore by 2022, a top official said.