Tamil Nadu has announced its integrated textile policy, which aims at sustainable growth of the entire textile value chain and promotion of technical textiles.
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P Nataraj, Chairman, the Southern India Mills’ Association (SIMA) has thanked the Chief Minister and Minister for Handlooms & Textiles, OS Manian and also welcomed the various benefits announced in the policy.
Haryana Cabinet approved to amend the Textile Policy 2018 (Textile Policy 2019). The policy aims to attract investment to the tune of Rs 5,000 crore and generate 50,000 new jobs.
The Gujarat industries and mines department gave an adrenaline shot to the textile sector by declaring its “scheme for assistance to strengthen specific sectors in the textile value chain†policy, which will be valid from September 2018 to December 2023.
The Government of Gujarat is planning to come out with a new textile policy before the Vibrant Gujarat Summit, which will take place in January, announced the Government.
Nandan Denim Limited (NDL) has reported a net profit of Rs 7.93 crore for the quarter ended September 2018 as against net profit Rs 5.24 crore in the first quarter of 2018-19.
The Indian Prime Minister’s Office (PMO) has reportedly stepped in to look into concerns raised by sections of the industry as well as the government on the proposed e-commerce policy drafted by the commerce ministry.