M'rashtra pins hopes on textile policy; gets Rs10K-cr proposals

Last Updated: Tuesday, January 15, 2013, 13:26

The Maharashtra government's textile policy, which offers among other things 10 percent subsidy to units in cotton belt of Vidharbha, Marathwada and Khandesh, has attracted investment proposals to the tune of Rs 10,000 crore, Textile Minister Mohd Arif (Naseem) Khan has said.

Textiles exports down 6% in Apr-Sept to $14 bn

Last Updated: Monday, December 10, 2012, 22:07

The government Monday said India's textiles exports declined 5.9 percent year-on-year to USD 14.1 billion during the April-September period because of slowdown in major markets like the US and EU.

'India's textile-apparel industry to touch $223 bn by 2021'

Last Updated: Wednesday, October 10, 2012, 20:06

India's total textile and apparel industry size both domestic and exports is projected to grow at a CAGR of 9.5 percent to reach USD 223 billion by 2021 from the USD 89 billion in 2011, according to a white paper by industry body Ficci and research firm Technopak.

FDI in retail to weed out middlemen in textile industry: CITI

Last Updated: Monday, September 17, 2012, 21:05

Welcoming the government's decision to implement 51 percent FDI in multi-brand retailing, Confederation of Indian Textile Industry (CITI) Monday said the move will encourage organised retailing by reducing the role of middlemen and improving the supply-chain.

No shortage of cotton yarn in the country: Textiles Ministry

Last Updated: Wednesday, September 5, 2012, 19:47

The Textiles Ministry on Wednesday said there is no shortage of cotton yarn and the country has a closing stock of 90 million kg for 2012-13.

CITI launches high density planting system for cotton

Last Updated: Thursday, August 9, 2012, 21:45

Aiming to improve the cotton productivity, industry body Confederation of Cotton Textile Industry (CITI) Thursday launched a project in Rajasthan to encourage high density planting system for the natural fibre.

Mills have enough cotton, no need of ban, says industry

Last Updated: Tuesday, March 6, 2012, 20:45

Textile industry has expressed reservations over government's decision to ban cotton exports, stating domestic mills have enough stock to meet requirement.

Textile Min sends proposal to FinMin for loan restructuring

Last Updated: Tuesday, February 28, 2012, 00:14

The Textiles Ministry Monday said it was in talks with the Finance Ministry to restructure Rs 1 lakh crore loans extended to the textiles sector.

'Indian textile industry may reach $115 billion by year end'

Last Updated: Tuesday, February 7, 2012, 00:08

Indian textile industry is estimated to reach USD 115 billion by the year end with an annual growth projection of 16 percent, Assocham said Monday.

Govt approves 21 textile parks costing Rs 2,100 cr

Last Updated: Thursday, October 27, 2011, 17:58

The government on Thursday said it has sanctioned setting up 21 of integrated textile industrial parks with world class infrastructure in nine states involving a total development cost of Rs 2,100 crore.