A formal Memorandum of Understanding (MoU) signing ceremony was held between Textiles Committee, Ministry of Textiles, Government of India and M/s Nissenken Quality Evaluation Centre Japan, through video conferencing on 27th January 2021.
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Textiles Committee and Ministry of Textiles signs MoU with Nissenken Quality Evaluation Centre, Japan to boost export of Textile and Apparel to Japanese market.
Ind-Ra December 2020 report highlights the trends in the sub-segments of the textile sector, including cotton, man-made fibres (MMF), yarns and fabric with a focus on commodity prices, imports/exports, production and recent rating actions.
The National Committee on Textiles & Clothing (NCTC) appealed the Prime Minister to remove Anti-Dumping Duty (ADD) on Viscose Staple Fibre (VSF) and address the VSF spun yarn availability and price issues to prevent job losses.
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
India’s technical textile industry, still in its nascent stage, is witnessing growing domestic as well as global demand. Can increasing disposable incomes, growing investment, and the government’s power boost turn this into a $5 trillion economy in the next few years?
The Polyester, Textile and Apparel (PTA) users industry wished the government to consider single GST for the complete textile industry.