MARKET & ECONOMY​

The Indian Texpreneurs Federation (ITF), an apex body of textile industry, expressed confidence that cotton prices will come down and the speculative price increase during last week is not not sustainable.

Q2 is the first quarter post-GST. And much like other sectors, apparel brands and retailers too were busy putting GST processes in place and sales suffered a big blow. July was the first month when the industry emerged after clearing pre-GST inventories.

The Indian government has announced fresh incentives worth Rs 8,450 crore to boost exports and support the MSME and labour-intensive industries. The incentive came as a part of the mid-term review of India’s Foreign Trade Policy (FTP) 2015-2020.