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Incentives for handlooms
The labour intensive sectors which are mostly micro, small and medium enterprises (MSMEs) like handloom, handicraft, leather, sports goods etc have been provided with duty free entitlements with effect from July 1, 2017.
Sops to boost apparel exports
With a view to boosting apparel exports, the Union government has announced a scheme allowing duty-free import of fabric.
Kanoria’s African venture
Kanoria Chemicals & Industries Ltd is back in textile business after a gap of two decades. The company is in talks with H&M, Peter Van Heusen, Velocity, Raymonds and Arvind to sell denim from its plant in Ethiopia. The company has made an investment of about $50 million in the African country to take advantage from duty-free exports to the US and the European Union.
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