Browsing: Southern India Mills’ Association

The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.

Ashwin Chadran of SIMA has stated that the Ministry is also planning to launch a scheme “Nirmal Cotton Mission” with CCI as a nodal agent that would go a long way to make Indian cotton to become the best quality cotton in the world.

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 became the largest producer of cotton in the year 2014-15 and continues to be the leader in cotton production in the world by accounting 37 per cent area under cotton.

The Minimum Support Price (MSP) was steeply increased by 26 per cent to 28 per cent CCI had to exercise MSP operation during the current season.

The government encourages exports by refunding various taxes and levies so as to make all the exporting commodities remain competitive in the globalised environment.