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.
Browsing: Clothing Manufacturers Association of India
Rising cotton prices are set to hit profit margins of textile and apparel players due to their inability to pass on the high production cost on to consumers as seasonal demand is weak.
The Clothing Manufacturers Association of India (CMA) has thanked the Government, especially PMO, Commerce and Textiles Ministry for implementing this much-awaited Policy, which will bring level players for all domestic retailers.
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
A Report on CMAI’s Apparel Index for the First Quarter (April-June FY 2017-18) shows a positive outlook for the next quarter with a growth at 2.77 points.
India’s technical textile market is estimated to reach Rs 1,16,217 crore by 2017-18, and the important feature at this year’s Techtextil India, to be held from September 13 to 15, 2017 at the Bombay Convention.