India’s textiles and apparel sector production is expected to decline by 10-12 per cent in the April-June quarter owing to the coronavirus pandemic, according to a study by KPMG in India.
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Without modernisation of its entire value chain, India can never become global champion in textile sector.
The Textile Association (India), Mumbai Unit organised One Day Seminar on “Opportunities for Textile Industry in Challenging Scenario†on February 29, 2020 at Hotel fortune Park Galaxy, Vapi (Gujarat). The seminar was inaugurated by Rajnikant S Bachkaniwala, Chairman, Palod Himson Machines.
CITI organised an interactive meeting with Ravi Capoor, Secretary, Ministry of Textiles, Government of India with the office-bearers of 48 textile Associations in South India representing the entire textile value chain.
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
India’s textile exports have plateaued during the past five to seven years. The domestic textile and apparel industry, including handicrafts, stood at $140 billion in 2018, of which $40 billion was exported to the world market.