Governments usually go by the diction, ‘better late than never.’ The recent instance is when the Finance Minister Nirmala Sitharaman announced six steps to boost exports including the new Reimbursement of Taxes and Duties for Export Promotion (RoDTEP) scheme on export duties,etc.
Search Results: apparel exports (1188)
In the recent times cotton prices in the entire major cotton-producing countries have been falling posing problems to the farm community. More than that, the production estimates have also been steadily declining, causing worries to the cotton community.
Cassandras spelling doom of the industry, especially the textile industry seem to have multiplied these days. ITMA Barcelona has come and gone.
Except the cotton yarn/fabs/made-ups/handloom products category, all the other categories under the textile segment reported a decline in exports in February.
In future, China’s share is expected to further reduce because of gradual shift of global buyers from there due to rising manufacturing costs in China and availability of other lower cost destinations in other region.
Will 2019 open the doors to the much-touted New-Age Era for the Indian textile industry? Many are optimistic that good times are ahead, but there are questions hanging around that defy definite answers. An ITJ Exclusive Report reveals the industry’s views and visions.
The calendar year 2018 had been one of the most challenging years for the textile industry due to the impact of GST on the MSME sector (especially on the textile hubs like Surat, Bhiwandi, Ludhiana, Erode and many others), higher raw material prices, severe liquidity crisis post Punjab National Bank scam and subdued fabric demand.