Tag: Finance Minister Nirmala Sitharaman
Budget 2025: Key takeaways for India’s textile industry
To protect domestic manufacturers, the customs duty on knitted fabrics has been revised to 20 per cent or Rs 115 per kilogram, whichever is higher. ... Read More
Textile Ministry’s budget allocation expected to increase by up to 15%
The current allocation for the textiles ministry is Rs 44.17 billion. As India awaits the first full-year Budget under the Narendra Modi 3.0 government, which ... Read More
Apparel exporters urge tax incentives in budget to boost exports
The AEPC also called for an interest equalisation rate of 5 per cent to be announced in the upcoming budget, which will be presented by ... Read More
First NABL-Accredited Textile Testing Facility in Northeast at NEHHDC
Before this facility was established, weavers and producers had to send their products to Kolkata for testing, as there was no local facility available. Under ... Read More
Navigating Textile Industry Shifts
A transformative decade for global textile industry is looking upon us. It provides an opportunity to evaluate the strategies India needs to adopt in its ... Read More
Sitharaman may tackle duty structure issue to boost local manufacturing
The commerce ministry has provided a list to the finance ministry where the finished products face lower import duties compared to the materials used to ... Read More
Problem of a Plenty
In April 2024, exports of textiles and apparel (T&A) from India witnessed a rise of 0.89 per cent to $ 2.776 billion compared with April ... Read More