Ministry of Textiles news and archive

Indian textile sector achieves 8.49 billion dollars in exports, up 10 percent

India’s textile exports to 111 countries posted a 10 percent year-on-year increase in the April–September period, reflecting the sector’s resilience despite global economic headwinds and tariff-related challenges in key markets, the Ministry of Textiles said on Wednesday. These markets together contributed 8.49 billion dollars in the first half...

Member

Business

India's textile PLI scheme: Investment thresholds cut by half to boost growth

The Ministry of Textiles has announced significant revisions to the Production Linked Incentive (PLI) Scheme for man-made fibre (MMF) apparel, MMF fabrics, and products of technical textiles, aiming to accelerate growth and enhance the ease of doing business in the sector. These amendments are designed to encourage fresh investments and foster...

Retail

NIFT Patna & ABFRL partner to train & employ rural women in Bihar

The National Institute of Fashion Technology (NIFT) Patna, under the Ministry of Textiles, has partnered with Aditya Birla Fashion and Retail Limited (ABFRL) to train and employ rural women in Bihar, India. The initiative, formalised through a Memorandum of Understanding (MoU), aims to provide women from self-help groups, known as Jeevika Didis,...

Retail

True Blue teams up with Ministry of Textiles to promote handloom

Global clothing brand True Blue has partnered with the Ministry of Textiles in their initiative to promote the handloom sector and alleviate the socio-economic conditions of handloom weavers. Through this association, True Blue will introduce ‘True Blue Handcrafted’, a line of clothing which will be crafted with the handloom sourced from these...

Apparel

Textile Ministry favours FDI in multi-brand retail

Contrary to the views of Narendra Modi-led government, the Ministry of Textiles is in favour of FDI in multi brand retail. The ministry in its strategy report has recommended FDI in single and multi-brand retail under automatic route but restricted it only to Indian apparel brands. The earlier UPA government had allowed FDI only in foreign...

Apparel

NTC to retail handloom products at its stores

In its endeavour to become a consolidator of the textile sector and to uplift the conditions of handloom weavers and ensure that they get continuous employment, two Memorandum of Understanding were signed in the presence of the Union Minister of Textiles, Kavuru Sambasiva Rao, Secretary (Textiles), Government of India, Zohra Chatterji,...

Apparel

KS Rao takes over as Union Textile Minister

Businessman-turned-politician Kavuri Sambasiva Rao (KS Rao), who was on the verge of resigning his Lok Sabha seat last October for being ignored in the previous cabinet reshuffle has made an entry into the union council of ministers lapping up the Textiles ministry portfolio, after almost three decades of parliamentary run. 69-year-old Rao, a...

Apparel

Industry cheers 2 percent interest subvention on RMG

The basket of schemes announced in the Annual Supplement 2013-14 to the Foreign Trade Policy (2009-14) has been widely welcomed by the textile industry associations. They see the various measures as steps towards improving the domestic textile and clothing sector. Be it the extension of 2 percent interest subvention to readymade garments or...

Apparel

Textile ministry to create wool bank in Meghalaya

The Northeast Indian state of Meghalaya is all set to establish a wool bank in the state with sponsorship from the Union Ministry of Textiles. As the state’s deputy chief minister Bindo M Lanong has stated recently the state would also gain self-reliance in wool production with the support of Central Wool Development Board (CWDB). Lanong say the...

Apparel

Loans of 300 ailing textile mills to be restructured

An inter-ministerial group has submitted a list of over 300 ailing textile mills to the cabinet, whose loans need to be restructured. The group left it to the Cabinet to extend textile upgradation fund scheme benefits to loans classified as non-performing assets (NPA) after repeated restructuring. Under the existing clause in the Textile...

Apparel

Textile export target increased to $40.5 bn

According to Panabaaka Lakshmi, Minister of State in the Ministry Of Textiles the government has raised the target for export of textiles products during the year. The export target for 2012-13 was initially fixed at $38.31 billion (over Rs 200,000 crores) but now it has been revised to $40.50 billion (over Rs 220,000 crores) following the...

Apparel

Textile sector rejoices extension of TUFS

The Technology Upgradation Fund Scheme (TUFS), mooted by the Southern India Mills’ Association (SIMA) for the textile sector which was under operation from April 28, 2011 to March 31, 2012, has been extended for one more year. Although the extension has been decided, it is yet to be announced by the government owing to certain modifications...