Tag: Finance Minister Nirmala Sitharaman

Budget 2025: Key takeaways for India’s textile industry

admin- February 1, 2025

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%

admin- January 16, 2025

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

admin- January 6, 2025

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

admin- September 3, 2024

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

admin- August 20, 2024

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

admin- July 15, 2024

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

admin- May 31, 2024

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