Textile sector outlook stable with downside risks: Ind-Ra

Last Updated: Tuesday, July 7, 2015, 17:55

The country's textile industry has a stable outlook for the current fiscal on account of robust domestic demand, lower input costs and competitiveness in apparel exports, says a report by India Ratings & Research (Ind-Ra).

CCI approves acquisition of Birla Textile Mills

Last Updated: Friday, June 12, 2015, 20:24

Sutlej Textiles & Industries, the flagship company of the KK Birla Group, had received the approval from its Board of Directors to acquire Birla Textile Mills in March this year.

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.

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.

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.

'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.

Textiles export growth flat at $7.8 bn in Apr-Jun qtr

Last Updated: Monday, August 5, 2013, 18:28

India's export of textiles and clothing remained almost the same year-on-year at USD 7.79 billion in the April-June quarter this fiscal, Parliament was informed Monday.

TexMin holds talks with banks for easier access to credit

Last Updated: Thursday, July 11, 2013, 22:07

The Textiles Minister Thursday met heads of nationalised banks and asked them to improve the flow of credit to the industry, including the handloom segment.

Government may announce incentives for textiles sector

Last Updated: Thursday, July 11, 2013, 21:53

The Textiles Ministry is contemplating offering sops to the sector and initiating measures to boost outbound shipments by a targeted 30 percent in 2013-14 as set by a PM-led panel.