As per the latest estimates, around 106 spinning mills with approximately 3 lakh spindles and 12,635 power loom units are operational in the state. The Andhra…
Browsing: Textile Policy
The textile industry needs to go for product and market diversification. The industry can learn from technology companies like Amazon about how to successfully adopt growth…
Most of the textile companies have been under severe stress ever since the Covid pandemic struck Indian and the global economy causing economic slowdown.
The Clothing Manufacturers Association (CMAI) of India has urged the Centre to reduce GST on all readymade garments to 5 per cent from 12 per cent and retain the same on all types of cotton yarn, synthetic yarn, fabrics and made-ups.
Amid the influx of three million migrant workers from other states following covid-19 lockdown, the Uttar Pradesh government is planning to amend the policies of several labour-intensive industries for rebooting industrial activities and creating mass employment.
The government said the new Textiles Policy 2020 being formulated by the Centre is aimed at developing in the country a competitive textile sector which is modern, sustainable and inclusive.
India will reportedly soon form a working group on the proposed new industrial policy aimed at promoting emerging sectors, reducing regulatory hurdles and turning the country into a manufacturing hub.