India in FTA talks with UK, Canada, EU: Piyush Goyal
Piyush Goyal had earlier said the textile industry is committed to achieving the $100-billion export target by 2030.Kashi and Tamil Nadu would play a major role in this, he said after his meeting with textile industry leaders in Varanasi.
Dec 17, 2022, 09:48 AM IST
PLI scheme for textiles: Centre extends deadline for applications till Feb 14
The scheme will be in operation from September 24, 2021 to March 31, 2030 and the incentive under the scheme will be payable for five years.
Jan 28, 2022, 20:38 PM IST
From rags to riches: Indian designer finds sustainable way to high fashion
Kriti Tula's fashion label Doodlage collects fabric waste from factories discarded for minor defects and pieces them together to create flowing dresses.
Nov 04, 2021, 15:38 PM IST
Odisha government orders probe against tainted BJD MLAs
The Odisha government on Tuesday ordered a vigilance inquiry against four Biju Janata Dal MLAs who allegedly demanded money to facilitate setting up of industries in their assembly constituencies.
Aug 30, 2016, 21:58 PM IST
Government weaves new textiles package, dials for next spectrum auction
Keeping up the momentum in key economic decisions, India's federal cabinet on Wednesday approved the norms for the next telecom spectrum auction that can fetch over $83 billion to the exchequer and a textiles package to push 10 million new jobs and $30 billion more in exports.
Jun 22, 2016, 23:43 PM IST
Bombay Dyeing reappoints Jehangir Wadia as Managing Director
Textiles firm Bombay Dyeing has reappointed Jehangir N Wadia as the Managing Director for the next five years, with effect from today.
Apr 01, 2016, 19:22 PM IST
Tirupur took top slot as job creator, 44% of its population regularly employed
The textile industry continues to be the second largest employment generating sector in India and Tirupur in Tamil Nadu has emerged as the leader in creating the maximum number of jobs, as per a fresh release of Census 2011 data.
Mar 14, 2016, 14:24 PM IST
Welspun Group eyes $5 bn revenue by 2020: Goenka
Welspun Group plans to increase its revenue to USD 5 billion by 2020 from the present USD 3 billion, with its flagship textile business contributing half of its income.
Oct 25, 2015, 20:24 PM IST
Welspun to push innovation, own textile brands;eyes $2.5 bn sales
Welspun India, the largest supplier of home textiles in the US and also the world's third largest manufacturer of such items, is targeting USD 2.5 billion revenues by 2020, up 150 percent from present sales, by increasing sale of its own brands and innovative products.
Oct 18, 2015, 21:27 PM IST
Welspun India forays into e-commerce with online store
Home textiles major Welspun India Thursday announced foray into e-commerce space with its new online retail store Shopwelspun.In, and targets a revenue of USD 50 million by 2020.
Oct 15, 2015, 18:47 PM IST
Textile sector outlook stable with downside risks: Ind-Ra
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).
Jul 07, 2015, 17:55 PM IST
CCI approves acquisition of Birla Textile Mills
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.
Jun 12, 2015, 20:24 PM IST
Textile industry seeks lower duties, more funds for growth
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.
Mar 15, 2015, 13:49 PM IST
Textile industry may cross $350-bn turnover by 2025
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.
Jan 09, 2015, 21:23 PM IST
Indian textile industry has potential to touch $500 bn by 2025
With labour cost increasing in China, the next big destination will be India in this sector.
Dec 01, 2014, 23:25 PM IST
'Indian textile sector has potential to cross $500 bn by 2025'
The USD 500 billion market figure consists of domestic sales of USD 315 billion and exports of USD 185 billion. The current industry size comprises domestic market of USD 68 billion and exports of USD 40 billion, Wazir Advisors Joint Managing Director Prashant Agarwal told reporters here Monday.
Nov 24, 2014, 22:44 PM IST
Textiles Min approves setting up of 13 textile parks
Textiles Minister Santosh Gangwar Thursday approved setting up of 13 textile parks, entailing minimum investment of Rs 100 crore each, a move that will help generate thousands of jobs.
Sep 18, 2014, 19:20 PM IST
India may be among top exporters by 2030: HSBC
India has the potential to become the world's fifth largest exporter of goods by 2030 in value terms, says HSBC Trade Forecast.
Sep 16, 2014, 15:04 PM IST
Textile policy to create 35 mn more jobs, $300 billion exports
An expert panel constituted by the government on Monday submitted the draft of the new National Textiles Policy, which aims to achieve USD 300 billion exports by 2024-25, and creation of additional 35 million jobs by attracting investments.
Jul 28, 2014, 22:08 PM IST
'Textile exports set to touch $50 bn mark this fiscal'
Textile exports are set to touch USD 50-billion mark in the current fiscal, Union Textiles Minister Santosh Kumar Gangwar said Monday.
Jun 23, 2014, 19:37 PM IST
