The Union Cabinet chaired by the Prime Minister has given its approval for continuation of RoSCTL with the same rates till March 31, 2024 for the exports of apparel garments and made-ups.
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The Union Cabinet chaired by the Prime Minister has given its approval for continuation of RoSCTL with the same rates till March 31, 2024 for the exports of apparel garments and made-ups.
The Union Cabinet chaired by the Prime Minister has given its approval for continuation of RoSCTL with the same rates till March 31, 2024 for the exports of apparel garments and made-ups.
The garment manufacturers in Tiruppur and the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore have appealed to the government for financial support as the units are shut for a month due to lockdown.
In this interview, Pulkit Agarwal, Associate Director, CARE Ratings, analyses the performance of Indian home textiles industry and the effect of the second Covid wave on the industry.
In the recent years, India has emerged as one of the major players in the global home textiles market. Factors like traditional craftsmanship, local availability of raw materials, investments by companies in high-tech textile machinery, etc have helped India to become a preferred sourcing destination for home textiles.
The provisional data of the Cotton Textiles Export Promotion Council revealed that the exports of readymade garments and manmade textile declined by 20.78% and 21.20%, respectively. The final data is expected by May end.