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Textiles Industries

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports

India's textile sector employs an estimated 45 million people and the government is considering increasing the textile ministry's budget allocation for 2025/26 by 10 per cent-15 per cent

Govt likely to incentivise textiles in Budget as crisis hits B'desh exports
Updated On : 14 Jan 2025 | 3:40 PM IST

Weavers resort to 'suicide' in Telangana amid debt trap, no livelihood

The 'recent' suicide' of a weaver at Sircilla in Telangana has brought to the fore the alleged lack of work and adequate income in this textile hub, with the issue leading to a war of words between the opposition BRS and the Congress. Kudikyala Nagaraju recently died by suicide as he was unable to repay his debts and this came as a reminder of the tragedy of weavers ending their lives in the past. While it is being claimed 10 weavers have ended their life so far this year, the government has pegged the number at six, even as the BRS attacked the ruling Congress over the matter. Nagaraju (47), a weaver, took his life by consuming acid at Sircilla recently. "My husband borrowed some amount and failed to repay the lenders. He did not have the livelihood to take care of me and our two sons," Nagaraju's wife Lavanya told PTI. Similar is the story of Adicherla Sai Kumar (25) who committed 'suicide' in April this year as he was unable to repay the money he borrowed. "My brother was work

Weavers resort to 'suicide' in Telangana amid debt trap, no livelihood
Updated On : 30 Jun 2024 | 9:37 AM IST

Trident shares rally 7% as unit acquires stake in step down subsidiary

Trident Home Textiles, the wholly owned subsidiary of Trident, made further investment in its wholly owned subsidiary namely Trident Global BV

Trident shares rally 7% as unit acquires stake in step down subsidiary
Updated On : 12 Jun 2024 | 1:51 PM IST

Govt to give focused attention to promote textiles' exports, says secy

The government will accord focused attention to promote India's textiles exports, which declined for the second year in a row in 2023-24, Textiles Secretary Rachna Shah said. The government has set an ambitious target to achieve USD 100 billion export for textile products by 2030. The cumulative exports of textiles and apparel from India during April 2023-March 2024 registered a de-growth of 3.24 per cent at USD 34.4 billion, as compared to USD 35.5 billion in April 2022-March 2023. In 2021-22, outward shipments of textiles and apparel were recorded at over USD 41 billion. "We had challenges like the Red Sea crisis making it slightly more challenging," Shah said on the decline in India's textiles exports in 2023-24. Although geo-political challenges remain, the textiles secretary said some exporters have reported improvement in their order books in the first quarter and the shipments are likely to improve in the coming months. "We will be looking at more focused attention on prod

Govt to give focused attention to promote textiles' exports, says secy
Updated On : 12 May 2024 | 10:51 AM IST

Trident Ltd Q3 results: Profit down 25% to Rs 109 crore on rise in expenses

Shares of Trident - which supplies products to department stores such as Shoppers Stop, D-Mart and Walmart - closed 2.6% lower after the results

Trident Ltd Q3 results: Profit down 25% to Rs 109 crore on rise in expenses
Updated On : 06 Feb 2024 | 6:28 PM IST

Arvind Ltd signs MoU with Indian Navy to supply advanced uniform fabric

A memorandum of understanding (MoU) was signed between the Indian Navy and textile and apparel company Arvind Limited for the supply of technically advanced uniform fabric for the Navy

Arvind Ltd signs MoU with Indian Navy to supply advanced uniform fabric
Updated On : 12 Jan 2024 | 9:43 AM IST

Global Investors Meet 2024: GHCL Textiles to invest Rs 535 cr in Tamil Nadu

The MoU was signed in the presence of Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu

Global Investors Meet 2024: GHCL Textiles to invest Rs 535 cr in Tamil Nadu
Updated On : 11 Jan 2024 | 6:32 PM IST

Govt extends last date for applications under textiles PLI till Oct

The government on Thursday said the last date for inviting applications under the Rs 10,683 crore-Production Linked Incentive scheme for textiles is being further extended by two months to October 31. Earlier, the Textiles ministry had re-opened the PLI (Production Linked Incentive) portal till August 31 to invite fresh applications from interested companies under the scheme. "The Ministry of Textiles has decided to extend the date of inviting fresh applications under the PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles for further 2 months i.e. upto 31 October 2023," a statement said. The decision was taken in view of the requests from the industry stakeholders, it added. The Centre launched the PLI Scheme with an approved outlay of Rs 10,683 crore to promote the production of man-made fibre (MMF) apparel, MMF fabrics and products of technical textiles in the country to enable the textiles industry to achieve size and scale and to become ...

Govt extends last date for applications under textiles PLI till Oct
Updated On : 31 Aug 2023 | 9:00 PM IST

Focus on job-creating textile sector: MP CM Shivraj Singh Chouhan

Madhya Pradesh offers a 5 to 7 per cent interest subsidy on loans for machinery, rebates on discounted tariff, infrastructure development help

Focus on job-creating textile sector: MP CM Shivraj Singh Chouhan
Updated On : 06 Jan 2023 | 12:35 AM IST

Invest Rajasthan Summit proposals in implementation stage, says minister

The summit had drawn interest from local businesses, in addition to a number of those from India and outside

Invest Rajasthan Summit proposals in implementation stage, says minister
Updated On : 01 Dec 2022 | 11:30 PM IST

Govt clears 23 strategic projects under National Technical Textiles Mission

The Centre has cleared 23 strategic research projects of around Rs 60 crore in the areas of specialty fibres, sustainable textiles, geotextiles, mobiltech and sports textiles under its flagship programme National Technical Textiles Mission. The projects were approved under the chairmanship of Textiles Minister Piyush Goyal on September 14, an official statement said on Friday. "Among these 23 research projects, 12 projects of Speciality Fibres having application areas in agriculture, smart textiles, healthcare, strategic application and protective gears were cleared. "Four projects from sustainable textiles having application area in agriculture and healthcare sector were cleared. Also, five projects from geotextile, 1 from mobiltech and 1 from sportech were cleared," the Textile Ministry stated. While addressing the esteemed group of Scientists and Technical Technologists, Goyal said, "Industry and Academia connect is essential for the growth of research and development in the ..

Govt clears 23 strategic projects under National Technical Textiles Mission
Updated On : 16 Sep 2022 | 5:43 PM IST

Gujarat's ceramic tiles hub to take month-long break after production glut

'Leave' in August could be annual feature and will follow Chinese industry taking a break every February

Gujarat's ceramic tiles hub to take month-long break after production glut
Updated On : 15 Jul 2022 | 10:18 PM IST

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels
Updated On : 23 Nov 2021 | 12:03 PM IST

Welspun India Q2 consolidated net profit up 7.2% at Rs 201.50 crore

Home textiles major Welspun India Ltd on Wednesday reported a 7.23 per cent rise in its consolidated net profit to Rs 201.50 crore for the second quarter ended September 30

Welspun India Q2 consolidated net profit up 7.2% at Rs 201.50 crore
Updated On : 27 Oct 2021 | 10:38 PM IST

Cabinet may approve PLI scheme for MMF, technical textiles on Wednesday

The prime objective of the scheme is to make manufacturing in India globally-competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies

Cabinet may approve PLI scheme for MMF, technical textiles on Wednesday
Updated On : 07 Sep 2021 | 4:13 PM IST
Updated On : 24 May 2021 | 9:16 PM IST

Companies pitch 'coronavirus-proof' clothes, as doctors seek evidence

Textile firms get international partners for fabric technology, stitch up clothing line for the pandemic

Companies pitch 'coronavirus-proof' clothes, as doctors seek evidence
Updated On : 23 Jul 2020 | 10:00 PM IST

Century Textiles and Industries Q4 profit declines 44% to Rs 80 cr

The company logged a profit ofRs 142.50 crore in January-March period a year ago, Century Textiles and Industries Ltd (CTIL) said in a BSE filing.

Century Textiles and Industries Q4 profit declines 44% to Rs 80 cr
Updated On : 11 Jun 2020 | 2:47 AM IST

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history

K Radharaman of the House of Angadi is reinventing the weave
Updated On : 23 Aug 2019 | 10:02 PM IST