A number of schemes and policy initiatives as part of the government’s roadmap aim to leverage and catalyse these inherent strengths to help the textile sector achieve the USD 350 billion goal by 2030. Indian Textile Sector Sees Strong Growth India’s textiles sector is set for significant expansion, with an …
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Readymade garment exports rise 12% in August: Apparel Export Promotion Council Chair Sudhir Sekhri said that exports are keeping growth momentum despite global headwinds, persisting Red Sea crisis and other challenges such as high logistic costs The country’s readymade garment exports (RMG) in August rose by about 12 per cent …
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Adopting eco-friendly methods such using biodegradable materials and energy-saving devices, Indian textile industry aims for a transition towards a more sustainable industry India Textile Sector Aims For $300 Bn Valuation By 2030 India textile sector, a major contributor to the Indian economy, is heading towards a greener future in light …
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With this increased Budget allocation, the textile sector is well-positioned to capitalise on emerging trends and capitalise on new opportunities in the global market. India’s textile sector set to gain pace with 28% increase New Delhi :: July 25, 2024 – India’s textile sector is poised for growth with a …
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Textile Ministry marginal rise – NEW DELHI: The textile ministry is likely to see a marginal increase of 2.5% in its budget allocation for fiscal year 2024-25, two persons aware of the matter said. The ministry had received ₹4,389 crore allocation for the current fiscal year. This increase, though modest, …
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Gujarat textile sector sees 8 per cent export slump: Due to enduring geopolitical crises like the Israel-Palestine conflict and the war between Russia and Ukraine, Gujarat’s once-vibrant textile industry has had a dismal performance in 2023. Government-compiled data shows an 8 per cent decline in exports from US $ 5.10 …
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26 December, 2023: The Government is approaching the concluding stages of establishing Special Purpose Vehicles (SPVs) for the Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks, in an effort to elevate the textile sector. Two officials, aware of the developments, revealed that all formalities for the SPVs …
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Mumbai – September 8, 2023 – Back to the show floor after two years, Techtextil India 2023 will be held from 12 – 14 September 2023 at Jio World Convention Centre, Mumbai. The three-day event will bring together 160+ industry players who will display 200+ brands and specialised products and …
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MEDITEX 2023 to focus on medical textiles with live demonstrations During Techtextil India 2023, scheduled September 12 – 14, organizers will also host SITRA’s Expo on Medical Textiles called MEDITEX™ 2023 – an exclusive pavilion that focuses on medical textiles with live demonstrations and high-growth application areas offering a global …
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The textile industry is experiencing a surge in demand for imported cotton as local arrivals have decreased. Sources reveal that Indian spinners have placed orders for 2.50 lakh duty-free bales from Australia, and this consignment is expected to arrive in India within three months. 2.50 Lakh Cotton Bales from Australia …
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