The discount on tradeable scrips has gone up from 3% to about 20%, benefitting importers who are taking undue advantage at the cost of exporters, says industry
Repeated supply shocks have brought the Rs 20,000-cr textile hub to its knees
Govt must revisit the GM policy
The second part of a series on power crisis takes you to Surat, a commercial textiles hub. This ground report looks at the impact on weaves and knit
The textiles minister also said the exports would get a boost as the sector would get zero duty access in the UAE and Australia.
India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.
The projects were approved at a meeting chaired by Textiles Minister Piyush Goyal
Kitex Garments reported a strong 69 per cent year on year growth in total revenues at Rs 205 crore in October-December quarter.
According to rating agency CRISIL, the domestic textile industry is firmly on course to recover in fiscal 2022 on the back of reopening of businesses, educational institutions and retail outlets.
'We will retain the status quo', says Finance Minister Nirmala Sitharaman after emergency meeting in Delhi.
TXRL has been incorporated with the object to undertake real estate business, Raymond said
Companies have to inform the ministry of textiles about their annual investment plan.
He had accused the Centre of not discussing the issue in the GST council before announcing the hike
From January to November, yarn prices reportedly increased from Rs 220 per kg to around Rs 350
Firm had posted a loss of nearly Rs 6 cr in the year-ago quarter
The scheme will attract fresh investment of over Rs 19,000 crore, a cumulative turnover of over Rs 3 trillion
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Siyaram Silk Mills jumped 6 per cent to hit a fresh 52-week high of Rs 344 on the BSE
The textile town in Tamil Nadu exports products worth about Rs 27,000 crore
The company has 45 Van Heusen Innerwear Exclusive stores, more than 350 Van Heusen mainline exclusive stores and Planet Fashion - 260 stores