Good in part!
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Training: The need of the hour
Deeper training would help to increase productivity and efficiency, much required vital factors for the apparel industry, to ensure long-term competitiveness, says Dr Darlie Koshy.
There is huge shortage of skilled labour in textile
The Textile Sector Skill Council (TSC), a non-profit organisation, works towards the development of skilled workforce for the textile industry through setting curriculum for training and accreditation of trade competency.
Skilling on track!
Indian textile industry cannot afford to ignore the implications of ‘skilling’ the labour force, for to sharpen the competitive edge in producing and exporting quality textile goods, skilled labour is a must. The ITJ cover story traces the ‘skilling’ moves in the textile industry.
SCBTS: In a nutshell
The scheme will be implemented for the benefit of all sections of the society across the country including rural, remote, LWE affected, North East, Jammu and Kashmir by imparting skills in the identified job roles.
2018 A Watershed Year?
The year 2017 had a few demons that the textile industry needed to exorcise: Demonetisation and GST, which tore into the fabric of the small sector, the after-effects of which are still lingering on.
Export less of a drag on growth?
Inflation is likely to continue firming up gradually on the back of higher food and fuel prices but will continue to remain within RBI’s comfort zone, says Abhishek Goenka.
Heading into 2018, we are in a phase of synchronised global growth. Business sentiment and consumer confidence is on the rise, generally across major economies. The year 2017 has been an exceptional year for risk assets, especially equities. Major equity indices have hit new all time highs. Low inflation and wage growth in developed economies, uncharacteristic of this phase of economic cycle has allowed central banks to withdraw accommodation gradually.
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