Finance Minister Nirmala Sitharaman began her 2021 budget speech in New Delhi with a quote by Rabindranath Tagore. FM Sitharaman said, “Faith is the bird that feels the light and sings when the dawn is still dark.â€Â
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10 per cent import duty on cotton is a severe blow for cotton textile value chain.
SIMA appeals PM for withdrawal.
The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman presented the Union Budget 2021-22 in parliament today, which is the first budget of this new decade and also a digital one in the backdrop of unprecedented COVID-19 crisis.
Improving consumer confidence levels, pick up in discretionary spending and opening up of economies are assisting Indian textile companies to tide over the COVID 19 pandemic with continued rise in demand.
International cotton prices and demand for cotton yarn to be stable reports Care Ratings.
Garware Polyester has become a carbon negative company in its high-tech integrated polyester film plants at Waluj and Chikalthana in Aurangabad.
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.