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
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
Trident Home Textiles, the wholly owned subsidiary of Trident, made further investment in its wholly owned subsidiary namely Trident Global BV
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
Shares of Trident - which supplies products to department stores such as Shoppers Stop, D-Mart and Walmart - closed 2.6% lower after the results
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
The MoU was signed in the presence of Chief Minister M K Stalin, senior ministers, and officials of the Government of Tamil Nadu
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 ...
Madhya Pradesh offers a 5 to 7 per cent interest subsidy on loans for machinery, rebates on discounted tariff, infrastructure development help
The summit had drawn interest from local businesses, in addition to a number of those from India and outside
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 ..
'Leave' in August could be annual feature and will follow Chinese industry taking a break every February
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
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
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
Textile firms get international partners for fabric technology, stitch up clothing line for the pandemic
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.
How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history