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India mulls extending RoSCTL to other textile products
India is mulling over extending the Rebate of State and Central Taxes and Levies (RoSCTL) for the garments and made-ups sector to other textile products because of the urgency to do away with the merchandise export incentive scheme (MEIS).
MSP on kharif cotton of 2019-20 season hiked
Giving a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops, including cotton, for 2019-20 season.
Odisha sets 25% higher target for textiles
The Odisha Government has set a target to produce 113.19 lakh square metres of textile and handloom products worth Rs 223 crore in the current fiscal with a jump of nearly 25 per cent from the previous year.
Govt to hike import duty on 300 textile products
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.
FICCI, Amazon hold workshop for textile exporters
In line with the vision of transforming the way India buys and sells and in line with Amazon's pact with FICCI to enable Indian exporters sell globally, Amazon recently conducted workshop on going global through E-commerce marketplace for B2C textile and leather product manufacturers, exporters, retailers and online sellers.
Welspun introduces Wel-Trak
Welspun India, one of the largest home textile manufacturers in the world, has introduced a patented, end-to-end traceability process Wel-Trak. This revolutionary process ensures that customers and consumers can trace the provenance of the cotton raw materials throughout the supply chain from farm to the retail shelf.
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