MARKET & ECONOMY​

Ichalkaranji has over 10,000 shuttleless looms and the number is growing by the day and there is an immense potential in this textile hub to adopt Viscose, Modal and Excel fibres and process them to fabrics which are in ready demand, says Uday Khadilkar, Vice President – Birla Cellulose.

The Government has increased the Merchandise Export from India Scheme (MEIS) from 2 per cent to 4 per cent for all garments and made-ups and also increased the upper limit of Remission of State Levies (RoSL) for the exports of cotton garments from 1.22 to 1.7 per cent and cotton made-ups from 1.55 per cent to 2.20 per cent.

The African country Egypt is keen in strengthening ties with India along trade, especially in the Micro, Small and Medium Enterprises (MSME) sector, The Egyptian Minister of Trade and Industry Tarek Kabil in a press interview recently said.

The Madhya Pradesh State Skill Development Mission (MPSSDM) has signed an MoU to provide exclusive right to the National Institute of Fashion Technology (NIFT), Bhopal, to provide training to people in textile sector under the Mukhya Mantri Kaushalya Yojana (MMKY).