Trading in newly launched, more representative Cotton Futures Contract has commenced from 13.02.2023 with the collaborative approach of Government of India, MCX, trade & industry. In order to make the futures prices more representative and not speculative, contract specification and quality standards has been modified and new cotton future contract has been launched at MCX […]
Continue Reading
Indian apparel exporters reported healthy revenue growth and profitability in the past four quarters, surpassing the pre-Covid levels, supported by strong realisations and healthy demand post the lifting of lockdown restrictions. As per the ICRA’s recent research report on Apparels & Fabrics, in Q2 FY2023 also, while exporters are expected to have recorded healthy YoY […]
Continue Reading
New Projects in the areas of Specialty Fibres, Agro-textile, Protech, Sportech and Geotech segment Ministry of Textiles cleared 20 strategic research projects worth around INR 74 crores in the areas of Agrotextiles, Speciality fiber, Smart textiles, Activewear textiles, Strategic application areas Protective gear and apparel Sports textiles under the chairmanship of Piyush Goyal, Minister of […]
Continue Reading
Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal asked stakeholders of the textile industry to strive to move up the value chain and focus on products of high value. He was interacting with the beneficiaries of the Production Linked Incentive Scheme (PLI) for textiles at a review […]
Continue Reading
In 2021, global shipments of spinning, texturing, weaving, knitting, and finishing machines increased sharply compared to 2020. Deliveries of new short-staple spindles, open-end rotors, and long-staple spindles rose by +110%, +65%, and +44%, respectively. The number of shipped draw-texturing spindles surged by +177% and deliveries of shuttle-less looms grew by +32%. Shipments of large circular […]
Continue Reading
5-Point Mission for the Indian Textile Industry Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal said that Textile Industry has a big role to play in making Free Trade Agreements a success. Delivering the Keynote address at the 10th Asian Textiles Conference TEXCON on the theme- […]
Continue Reading
Shri Upendra Prasad Singh, Union Textile Secretary, stated that the Government is looking at value added exports like fabrics, made ups & home textiles as exports of raw materials may not rise further due to increasing local demand. While felicitating the winners of TEXPROCIL Export Awards 2020 – 2021 on 23rd August 2022 in Mumbai, […]
Continue Reading
Plans to create 75 textile hubs like Tiruppur The Government of India wants to create 75 Textile hubs like Tiruppur which will not only support textile product exports and ensure inclusion of sustainable technology, but will also generate huge opportunities for employment, said Union Minister of Textiles, Commerce & Industry and Consumer Affairs, Food & […]
Continue Reading
Even as India’s textile sector clocks record exports, credit scrips of exporters trade at a 20% discount in the Indian market India is one of the world’s leading textile producing and exporting destinations. India currently exports worth more than USD 44 billion of which USD 16 billion pertains to apparel and garments exports. The textile […]
Continue Reading
Under the chairmanship of Suresh Kotak, the council will prepare an action plan to resolve the problems of the cotton sector Piyush Goyal, Union Minister of Textiles, Commerce and Industry and Consumer Affairs, Food and Public Distribution, has announced the formation of an informal committee under the chairmanship of Suresh Kotak, a renowned veteran of […]
Continue Reading
CITI-CDRA, 50 years of successful partnership CITI hails Hon’ble Vice President of India for urging the Government to launch the renewed Technology Mission on Cotton to sustain farmers’ income and textile industry growth Inaugurating the Golden jubilee event of the Confederation of Indian Textile Industry- Cotton Development & Research Association (CITI-CDRA) at Vigyan Bhawan on […]
Continue Reading
Zero duty access in the UAE and Australia Union Minister Piyush Goyal pitched for taking the textiles exports of the country to USD 100 billion by 2030 as the sector is recording a healthy growth. The textiles minister also said the exports would get a boost as the sector would get zero duty access in […]
Continue Reading
