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India's exports of textile and apparel products to the US in the financial year 2024-25 were close to USD 11 billion.

CITI seeks Centre's support as US 50% tariff looms over Indian textile, apparel exports

As India awaits the Narendra Modi 3.0 government's first full-year Budget, due in February, expectations are soaring with hopes of reforms across sectors. Finance Minister Nirmala Sitharaman is set to present what could be her eighth Budget in a row, including the Interim Budget of 2024.&nbsp;

Budget Expectations: Textiles ministry allocation likely to be increased up to 15%, say sources

The country’s textile industry is expected to grow to $350 billion by 2030 and add 3.5 crore jobs, said Union Minister of Textiles Giriraj Singh in the national capital on Wednesday.&nbsp;

Domestic textile industry expected to grow to $350 billion by 2030: Giriraj Singh

India's textiles and apparel exports grew by 4.73% in July 2024, reaching USD 2,937.56 million, driven by a surge in apparel demand. The Confederation of Indian Textile Industry (CITI) highlights increased export orders and positive impacts from recent Free Trade Agreements. Discover key trends and future outlook for India's textile sector.&nbsp;

Textiles, apparel exports rise 4.73 percent in July on improved demand: CITI

After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.

Bihar to host mega investor summit in December; roadshows from Monday

There are huge opportunities in the textiles sector and India offers to the world a complete value chain solution from farm to fashion in the apparel segment, AEPC chairman Naren Goenka said on Tuesday.

India offers the world complete value chain solution in apparel sector: AEPC Chairman

To stop the import of substandard technical textiles, the government issued a quality control order. Watch Ambrish Pandey's exclusive interview with Joint Secretary, Ministry of Textiles, Rajeev Saxena.

To Stop The Import Of Substandard Technical Textiles, The Government Issued A Quality Control Order

Commerce Ministry aims&nbsp;at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters.

Commerce Ministry recommends imposing anti-dumping duty on vinyl tiles from China, Taiwan

<h2>Only manufacturing companies registered in India will be eligible to participate under the recently approved Rs 10,683-crore production-linked incentive (PLI) scheme for the textiles sector, according to a notification of the textiles ministry.</h2>

Only manufacturing firms registered in India to be eligible under Rs 10,683 crore PLI scheme for textiles sector

In a good news for Garment exporters, the Ministry of Textiles has issued a notification extending the Scheme of Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) which was in force up to March 31, 2020.

Big rebate in taxes! Good news for these traders from Modi government 

Arvind Ltd Executive Director Kulin Lalbhai said the company is aiming to convert 50&nbsp;per cent of its fabric into garments over the next five years from the current capacity of 10&nbsp;per cent .

Arvind launches garmenting facility in Jharkhand

Ikea will be investing close to Rs 3,000 crore over the long-term in the state to set up multi-format stores

Ikea to invest Rs 3,000cr in Maha for stores, experience zones

&nbsp;Sectors like steel, textile, power, telecom and infrastructure accounts for most of banks stressed assets. About 60% of banking systems stress belongs to these sector.

Top five sectors with most exposure to banks NPAs; What can be done? 

Excess lobbying of industry bodies over the GST rates declared in the previous Council meet may push the government to review the tax rates on certain products. Here are a few of the articles the government is expected to review tomorrow at the 16th&nbsp;GST Council meet.

GST Council may revise rates on these goods today

With cotton textiles attracting a 5% GST rate and man-made yard at 18%, the textile industry have expressed content over the rates prior to GST rollout. Industry experts have said that this would lead to a revenue generation of Rs 11,000 crore.

5% GST on textiles will generate Rs 11,000 crore revenues, industry experts say

Apparel, biscuits, footwear cheaper; gold costlier under GST

Gold at 3%, biscuits at 18%; GST Council decides rates for most remaining items

GST Council clears rules, states agree to July 1 rollout

While gold imports in India rose three-fold during April, crude oil imports further grew by 30% putting more pressure on out trade deficit.

Growth in gold, crude oil imports sees three-fold rise in India's trade deficit

BK Goenka, Chairman of Welspun Group said, “Our continuous investment in the state is a testament to our long term commitment to Gujarat. It is our aim to make Gujarat the textile hub of the world. Welspun continues to invest into development of well-researched products and technology of the future and the current investment is in line with this philosophy.”

Welspun India to invest Rs 4000 crore in three textile projects in Gujarat, shares gain

textiles

India's exports of textile and apparel products to the US in the financial year 2024-25 were close to USD 11 billion.

As India awaits the Narendra Modi 3.0 government's first full-year Budget, due in February, expectations are soaring with hopes of reforms across sectors. Finance Minister Nirmala Sitharaman is set to present what could be her eighth Budget in a row, including the Interim Budget of 2024. 

The country’s textile industry is expected to grow to $350 billion by 2030 and add 3.5 crore jobs, said Union Minister of Textiles Giriraj Singh in the national capital on Wednesday. 

India's textiles and apparel exports grew by 4.73% in July 2024, reaching USD 2,937.56 million, driven by a surge in apparel demand. The Confederation of Indian Textile Industry (CITI) highlights increased export orders and positive impacts from recent Free Trade Agreements. Discover key trends and future outlook for India's textile sector. 

After the grand success of the 2023 edition, the state will host the two-day Bihar Business Connect event on December 11 and 12 in Patna. And before that, it will hold roadshows in different cities, beginning with Kolkata on Monday.

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textiles News- Zee Business provides latest news on textiles, textiles news Today, Top News on textiles, update on textiles Stay updated with business news, breaking news headlines.

Textiles

CITI seeks Centre's support as US 50% tariff looms over Indian textile, apparel exports

Budget Expectations: Textiles ministry allocation likely to be increased up to 15%, say sources

Domestic textile industry expected to grow to $350 billion by 2030: Giriraj Singh

Textiles, apparel exports rise 4.73 percent in July on improved demand: CITI

Bihar to host mega investor summit in December; roadshows from Monday

India offers the world complete value chain solution in apparel sector: AEPC Chairman

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Silver Price Crash: White metal slumps 9%, MCX near-month futures crack below Rs 2,39,350 mark—What's fuelling the fall?

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