Textile industry seeks lower duties, more funds for growth

Last Updated: Sunday, March 15, 2015, 13:49

Representatives from South Indian Mills Association met Textile Minister Santosh Gangwar and sought reduction in excise and import duties while pitching for higher fund allocation.

CCI approves Reliance's deal with Chinese co for textile biz

Last Updated: Thursday, March 5, 2015, 21:30

Fair trade regulator CCI has approved Reliance Industries' proposed deal to sell 49 percent stake in a newly-formed textile firm to Chinese company RuYi, saying the deal does not raise anti-competitive concerns.

Textile industry may cross $350-bn turnover by 2025

Last Updated: Friday, January 9, 2015, 21:23

The textile industry has the potential to cross a turnover of USD 350 billion by 2025 if it diversifies to new product categories like Man Made Fibres (MMF), Confederation of Indian Textile Industry Chairman Prem Malik said Friday.

RIL forms JV with China's Shandong Ruyi for textile business

Last Updated: Tuesday, December 9, 2014, 20:00

To reposition its textile business and expand globally, Reliance Industries Tuesday announced a joint venture with China's USD-three billion Shandong Ruyi Science and Technology Group.

Government relaxes export norms for cotton

Last Updated: Monday, December 8, 2014, 20:19

The government Monday relaxed export norms for cotton and cotton yarn, doing away with the need to register contracts, to help boost outbound shipments of the commodity.

Indian textile industry has potential to touch $500 bn by 2025

Last Updated: Monday, December 1, 2014, 23:25

With labour cost increasing in China, the next big destination will be India in this sector.

LS clears bill to revive sick textile units

Last Updated: Monday, December 1, 2014, 22:33

To speed up revival of sick textile units, Lok Sabha Monday passed a bill to free the ailing National Textile Corporation, which has property worth Rs 25 lakh crore, from rent control laws.

Textile to improve in 2014 on rising export demand: Report

Last Updated: Friday, December 27, 2013, 20:18

The textile sector in the country is expected to witness improvement as the export demand has begun to pick up, according to Dun & Bradstreet India.

'Apparel industry should aim $60 bn exports in 3 yrs'

Last Updated: Tuesday, December 10, 2013, 22:24

The apparel industry should aim at exports of USD 60 billion in the next three years as there are visible signs of revival in key markets of the US and Europe, Textiles Minister K Sambasiva Rao said Tuesday.

UK woos Indian investment in textile sector

Last Updated: Tuesday, December 10, 2013, 21:30

Indian companies can invest in the textile sector in the United Kingdom which on a path of recovery after being revived by the government, Vince Cable, UK's Secretary of State (Cabinet Minister) for Business, Innovation and Skills, said Tuesday.

Maha textile dept plans to generate 15K jobs in Vidarbha

Last Updated: Sunday, November 24, 2013, 20:42

Presently, around 500 textile units have been started in the state and other projects are in the pipeline, state textile minister Mohammad Arif Naseem Khan said.

CCEA okays continuation of Textile Parks scheme in 12th Plan

Last Updated: Thursday, October 3, 2013, 22:08

The government on Thursday approved continuation of the scheme for Integrated Textile Parks (SITP) in the 12th Five Year Plan and sanction of new projects for utilising balance Rs 717 crore in the plan allocation after meeting committed liabilities of the sanctioned 61 parks.