TEXTILES
Indian apparel industry should aspire for double digit share in global fabric exports: Venkaiah Naidu
"We should aspire to soon reach a double-digit share in exports of fabrics from the current 5-6 per cent," Naidu said while inaugurating a virtual platform of Apparel Export Promotion Council (AEPC).
Budget 2021 may unveil mega textile park scheme
The upcoming budget could unveil a scheme for setting up of mega textile parks aimed at posit...
Indian garment exporters start getting orders again with Covid-19 vaccination roll out
Fashion brands have started placing fresh orders for t...
Apparel prices to remain soft in second half of current fiscal: Report
The apparel segment Wholesale Price Index recovered to pre-COVID-19 levels in November 2020, led by the festive and marriage season demand, India Ratings and Research said in a report on Friday.
7 Mega textile parks on lines of China, Vietnam in the works
The textiles ministry has readied a Cabinet note on the proposed national textiles policy, which seeks to position India as a fully integrated, globally competitive manufacturing and exporting hub.
NCTC appeals to PM seeking removal of anti-dumping duty on viscose staple fibre
The representation seeks the removal of "anti-dumping duty on import of VSF to achieve global competitiveness and accomplish the target of USD 350 billion by 2025 set by the Ministry of Textiles for the textiles and apparel sector".
NCTC wants govt to remove anti-dumping duty on viscose staple fibre
NCTC observed that “owing to the growing demand for viscose staple fibre and its blended textiles and clothing market opportunities, the demand for viscose staple fibre has increased steeply not only in India, but also across the globe.
In talks with Flipkart for online promotion of Silk Mark products; toy action plan made: Textile Ministry
The textile ministry on Wednesday said it is in talks with e-commerce major Flipkart, for the online promotion of products of Silk Mark Authorized Users on their platform.
Bankruptcy court admits insolvency plea against Ahmadabad-based Bansal Multiflex
Ahmadabad-based Bansal Multiflex was incorporated in 2013 and it is in the business of trading of cloth, a different type of semi-furnished fabrics, varieties of finished fabrics. The company is also into the business of trading of different types of chemicals primarily used in making detergent and soaps.
30,000 power looms fall silent as rayon yarn price goes up
Erode is noted for textile production and more than 50,000 power looms function in the district, of which at Kalingarayanpalayam, Veerappanchatram, Asokapuram and some other places, 30,000 power looms produce 24,000 metres of rayon cloth a day.
Increased stay-at-home period to accelerate demand for home textile exporters, says Crisil
Rating agency, Crisil expects a revenue de-growth for home textile exporters to be limited to 10-12% this fiscal compared with 30-35% for the overall textile sector.
Early onset of winter brings cheer to country’s Rs 3,000 crore thermal wear industry
"Demand for thermals has reached last year's level. Early winter has helped us to achieve these numbers,” said KB Agarwala, managing director of Rupa & Company. “If this chill continues, then thermal wear may witness a 10% increase too.”
Indian Chamber of Commerce announces launch of live web store exhibition
The three-day long global online L2G (local to global) exhibition for Indian products under Atma Nirbhar Bharat Campaign is scheduled to begin on December 14, 2020, ICC said in a statement.
'Govt to soon launch Focused Product Scheme with emphasis on man-made fibre, technical textiles'
Capoor also urged the domestic players to focus on the top 10 technical textile lines globally constituting about USD 82 billion, in which India's share is a miniscule 0.6 per cent.
