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15,000 Crores Loss, Production Cut: MK Stalin Writes To PM Modi On US Tariffs
Highlighting Tamil Nadu's central role in India's manufacturing ecosystem, Chief Minister MK Stalin noted that the state accounts for 28 per cent of the country's textile and apparel exports and nearly 40 per cent of leather and footwear exports.
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Textile Manufacturer RSWM Partners With Adani Energy To Source 70% Power
RSWM, one of India's leading textile manufacturers, on Wednesday said it has signed an agreement with Adani Energy Solutions Ltd (AESL), for the supply of 60 MW of renewable energy.
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Donald Trump's 50% Tariff A Challenge To 'Make in India' Push, Says Moody's
US President Donald Trump's punitive 50 per cent tariff on imports from India could pose a serious challenge to New Delhi's self-reliance ambitions under the Atmanirbhar Bharat mission.
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How US Tariffs Spell Disaster For This Clothing Factory Supplying To US Stores
The deafening roar of hundreds of sewing machines has gone silent. Spools of thread in every colour are covered in dust. The warehouse is dark and empty.
-
After Donald Trump Imposes 35% Tariff, Bangladesh Hopes For A Deal
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday.
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India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
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PM Modi Meets CEO Of Japanese Retailer Uniqlo, Pitches For Investments
Prime Minister Narendra Modi on Monday met the CEO of Japanese clothing brand Uniqlo to discuss investment opportunities for the retailer in textile manufacturing in India.
-
Taxmen Search Textile Firm's Delhi, Punjab, Bengal Offices
The Income Tax department has carried out a search and seizure operation on a leading business house of India involved in the manufacture of textile and filament yarn having corporate offices in Delhi, Punjab and Kolkata, said Ministry of Finance.
-
IIT Delhi Start-Up, FFI To Design Advanced Fabric For National Flag
"It is the need of the hour to help manufacturers with a proper standardization and core subject knowledge or skills on technical yarns and fabrics to improve the quality of the flag fabric," said Bipin Kumar, professor at the Textile and Fibre Engineering Department, IIT Delhi.
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Budget 2021 Unveils Scheme For Setting Up Mega Textile Parks In India
The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.
-
Allow More Activities With "Reasonable Safeguards", Key Ministry Suggests
The commerce and industry ministry has suggested that more industrial activities should be allowed during the extended coronavirus lockdown with "reasonable safeguards".
-
Modi-Shah Exhibit Nerves For First Time, Tweak Gujarat Plan
The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...
-
PM Modi To Inaugurate 'Textiles India' In Gandhinagar Tomorrow
Prime Minister Narendra Modi will inaugurate India's first-ever mega trade event for the textiles sector tomorrow, showcasing the nation as a global sourcing hub and investment destination for manufacturers world-wide.
-
Four Centres Of Excellence Have Been Approved In Indian Capital Goods Industry, Says Centre
The Department of Heavy Industry has approved four Centres of Excellence (CoE) in the fields of Textile Machinery, Machine Tools, Welding Technology and Smart pumps under the Scheme for enhancement of competitiveness in the Indian Capital Goods Industry, says the Union government.
-
33,000 Power Loom Units On Strike In Tamil Nadu
About 33,000 power looms units in Tamil Nadu's hosiery capital Tirupur and Coimbatore districts are on an indefinite strike since Thursday demanding higher compensation which they claim had been agreed upon by textile manufacturers in 2014.
-
15,000 Crores Loss, Production Cut: MK Stalin Writes To PM Modi On US Tariffs
Highlighting Tamil Nadu's central role in India's manufacturing ecosystem, Chief Minister MK Stalin noted that the state accounts for 28 per cent of the country's textile and apparel exports and nearly 40 per cent of leather and footwear exports.
-
Textile Manufacturer RSWM Partners With Adani Energy To Source 70% Power
RSWM, one of India's leading textile manufacturers, on Wednesday said it has signed an agreement with Adani Energy Solutions Ltd (AESL), for the supply of 60 MW of renewable energy.
-
Donald Trump's 50% Tariff A Challenge To 'Make in India' Push, Says Moody's
US President Donald Trump's punitive 50 per cent tariff on imports from India could pose a serious challenge to New Delhi's self-reliance ambitions under the Atmanirbhar Bharat mission.
-
How US Tariffs Spell Disaster For This Clothing Factory Supplying To US Stores
The deafening roar of hundreds of sewing machines has gone silent. Spools of thread in every colour are covered in dust. The warehouse is dark and empty.
-
After Donald Trump Imposes 35% Tariff, Bangladesh Hopes For A Deal
Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday.
-
India's Manufacturing Incentives Progress Amid Efforts to Cut China Imports
Since 2020, India's cash incentives to boost domestic manufacturing have attracted over $17 billion (roughly Rs. 1,42,279 crore) of investment. The scheme, which offers four to six percent cash incentives on incremental sales to manufacturers, was launched across 14 sectors including electronics, pharmaceuticals, textiles and white goods.
-
PM Modi Meets CEO Of Japanese Retailer Uniqlo, Pitches For Investments
Prime Minister Narendra Modi on Monday met the CEO of Japanese clothing brand Uniqlo to discuss investment opportunities for the retailer in textile manufacturing in India.
-
Taxmen Search Textile Firm's Delhi, Punjab, Bengal Offices
The Income Tax department has carried out a search and seizure operation on a leading business house of India involved in the manufacture of textile and filament yarn having corporate offices in Delhi, Punjab and Kolkata, said Ministry of Finance.
-
IIT Delhi Start-Up, FFI To Design Advanced Fabric For National Flag
"It is the need of the hour to help manufacturers with a proper standardization and core subject knowledge or skills on technical yarns and fabrics to improve the quality of the flag fabric," said Bipin Kumar, professor at the Textile and Fibre Engineering Department, IIT Delhi.
-
Budget 2021 Unveils Scheme For Setting Up Mega Textile Parks In India
The government on Monday unveiled a scheme for setting up mega textile parks in the country, as part of the Centre's efforts to position India as a fully integrated, globally competitive manufacturing and exporting hub for the sector.
-
Allow More Activities With "Reasonable Safeguards", Key Ministry Suggests
The commerce and industry ministry has suggested that more industrial activities should be allowed during the extended coronavirus lockdown with "reasonable safeguards".
-
Modi-Shah Exhibit Nerves For First Time, Tweak Gujarat Plan
The two-month countdown to the Gujarat election is obvious now. After the GST Council meet yesterday, Finance Minister Arun Jaitley singled out "khakra" (Gujarati savoury snack) and announced the GST on it has been reduced from 12 percent to 5 percent. Man-made yarn will also see lower GST now, helping textile manufacturers in Gujarat, where Prime ...
-
PM Modi To Inaugurate 'Textiles India' In Gandhinagar Tomorrow
Prime Minister Narendra Modi will inaugurate India's first-ever mega trade event for the textiles sector tomorrow, showcasing the nation as a global sourcing hub and investment destination for manufacturers world-wide.
-
Four Centres Of Excellence Have Been Approved In Indian Capital Goods Industry, Says Centre
The Department of Heavy Industry has approved four Centres of Excellence (CoE) in the fields of Textile Machinery, Machine Tools, Welding Technology and Smart pumps under the Scheme for enhancement of competitiveness in the Indian Capital Goods Industry, says the Union government.
-
33,000 Power Loom Units On Strike In Tamil Nadu
About 33,000 power looms units in Tamil Nadu's hosiery capital Tirupur and Coimbatore districts are on an indefinite strike since Thursday demanding higher compensation which they claim had been agreed upon by textile manufacturers in 2014.
