The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.

Diversified textile player Chiripal Group is setting up a Rs 500-crore terry towel facility in Ahmedabad district with an initial capacity of 10,696 tonne per annum. Nandan Terry Pvt Ltd, a wholly-owned subsidiary, will begin commercial production in December, a top company official said.

The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.

The Government has approved a Rs 6,000 crore special package for textiles and apparel sector to create one crore new jobs in 3 years, attract investments of $11 billion and generate $30 billion in exports. The special package for textile and apparel sector was approved by the Union Cabinet under the Chairmanship of Prime Minister Narendra Modi.

The number of facilities certified to the Global Organic Textile Standard (GOTS) kept on growing last year, from 3,663 facilities in 2014 to 3,814 facilities in 2015. GOTS is recognised worldwide as the leading processing standard for textiles made with organic fibres. GOTS certified facilities are now located in 68 (63 in 2014) countries around the world.

The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than $11.2 billion, the Foreign Investment Agency (FIA) said. This is a significant surge of 105 per cent against the same period last year. Of the total, $7.5 billion came from 1,145 newly licensed projects, representing an yearly increase of 95 per cent in capital and 56 per cent in the number of projects.

CADINI, a fashion brand synonymous with premium Italian dressing for men has launched its first flagship store in India at Colaba, Mumbai. CADINI has embarked upon an investment of Rs 15 crore for its retail foray and is poised to open 10-15 stores during this year in the high streets and destination shopping malls of metro cities including Mumbai, Delhi, Pune, Bengaluru, Chennai and Kolkata.

The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.

In an endeavour to promote sustainability while catering to the growing demands of fashion industry, Whitenife, has curated Asia’s largest marketplace for ethical fashion goods. “Fast fashion is significantly deteriorating the world we live in, making ethical fashion no longer a niche, but a necessity,” says Sonia Agarwal, CEO & Founder of Whitenife.