The government is likely to hike import duty on about 300 textile products to boost domestic manufacturing and create employment opportunities. Foreign direct investment norms for the sector may also be relaxed.
Browsing: textile products
The Advanced Functional Fabrics of America (AFFOA) has opened new headquarters close to MIT campus, an initiative that represents significant MIT investment in advanced manufacturing innovation.
Running into its fourth edition, India’s finest home fashion business platforms – Heimtextil India & Ambiente Indiaâ€â€will open doors from June 20-22 at Pragati Maidan, New Delhi.
A.T.E. has joined hands with Beba Mischtechnik GmbH, Germany, one of the leading manufacturers of mixers and foam generators in Germany as A.T.E. will now be Beba’s exclusive sales and service agents in India and Bangladesh.
Sale of khadi products shot up by 33 per cent to Rs 2,005 crore in the fiscal year 2016-17, from Rs 1,510 crore a year ago. Khadi and Village Industries Commission (KVIC) said in a statement that it expects to surpass the sales target of Rs 5,000 crore in 2018-19.
Textiles in the first six months grew at an average of 1.4 per cent and in the last six months of the FY, it accelerated at an average rate of 3.4 per cent.
The Union Cabinet Chaired by the Prime Minister approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of State levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc.