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TexMin starts 3 institutional mechanisms
A knowledge network management system (KNMS), an inter-ministerial synergy group on man-made fibre (MMF) and a new task force on textiles are the three institutional mechanisms initiated by the Indian Ministry of Textiles
Modi sets $650 bn target by 2025: Textiles India
Indian Prime Minister Narendra Modi, while inaugurating India’s largest ever textile meet, Textiles India 2017 on June 30 in Gandhinagar, Gujarat, spoke at length on the strength and capacity of the Indian textile industry.
Good days ahead for cotton industry: SIMA
M Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has welcomed GST era for the textile industry and highly appreciated the NDA Government especially the Union Textile Minister, Smriti Irani
Special package for knitwear in 2 months!
The knitwear sector of India will get a special package in about two months’ time, according to a government official. The industry can expect the package to ensure a level-playing field, considering it faces tough competition from various countries like China due to lack of technology upgrades.
Huge scope for textiles in Goa: Irani
The possibility of attracting investments in Goa to set up technical textile production units is being explored, Union Minister for Textiles Smriti Irani said during an event in Goa.
SIMA hails GST rates
M Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) has highly appreciated and thanked the concerted and constant efforts made by Union Textile Minister, Smriti Zubin Irani for fully understanding the needs of the industry and persuading the Finance Minister and Prime Minister to classify the entire cotton textile value chain under 5 per cent GST rate.
Uniform GST rate for textile industry?
The textile industry is expected to have a uniform GST rate, says Union Textile Minister Smriti Irani. She disclosed during a recent conference and assured there would be neutrality in the rate.
TexMin hikes subsidy by 30% for powerlooms
Union Textile Minister Smriti Irani announced that the government has increased subsidy by 30 per cent for upgradation of powerloom sector and for the benefit of small weavers
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