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Indian knitwear industry likely to get ‘special package’ soon

Indian knitwear industry might get to hear good news in around two months’ time as the Government is likely to announce a package for it. The to-be-announced package is expected to provide a level-playing field to the knitwear industry, which is facing tough competition from countries like China. A number of factors like lower automation and lack of technology upgradation have made Indian knitwear sector a laggard in the global competition. “We met stakeholders on […]

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Post ‘Special Package’: MoT claims approval of Rs. 3,000 crore investments for the garment industry

On the occasion of completing three years of Modi Government, Smriti Irani, Union Minister of Textiles, held the first ever official meet of the Ministry and media in New Delhi. In an hour-long briefing, the Minister touched each and every aspect of the Indian textile industry and highlighted the Government’s journey and achievements of three years. She highlighted that a ‘Special Package’ of Rs. 6,000 crore which was announced last year in June, has so far approved […]

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Indian Textiles Ministry claims Rs. 3,000 crore investment in garment industry

On the occasion of completing three years of Modi Government, Smriti Irani, Union Minister of Textiles held first ever official meet of the Ministry and media in New Delhi. In an hour-long briefing, the Minister touched each and every aspect of the Indian textile industry and highlighted Government’s achievements. She highlighted that Special Package of Rs. 6,000 crore which was announced last year has so far attracted investment worth Rs. 3,000 crore for the apparel industry. […]

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Workshop in MP (India) on Special Package

A workshop was reportedly organized in Indian city of Indore in Madhya Pradesh by Textiles Ministry to elaborate about the measures suggested in the Rs. 6,000 crore Special Package announced last year by the Indian Government for the textile and apparel sector, to readymade garments and textile exports units. Indore is known for housing more than 2,000 readymade garments units. The event was attended by large number of delegates from Indore and Ujjain division, informed […]

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Indian Govt. to organize Textile India Conclave and Exhibition in Gujarat

Government of India is going to organize Textile India Conclave and Exhibition in Gandhinagar, Gujarat from June 30 to July 2, 2017. This conclave will serve as a big stage for the local industry to promote their products at global level. The three-day global textile industry event will be inaugurated by Prime Minister Narendra Modi. Rashmi Verma, Textile Secretary said, “This event will be a great platform for industry players to showcase their products, as […]

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‘Special Package’ A landmark for industry…

After a long time, the apparel industry felt that the Government has appreciated the importance of the apparel sector as a driver for employment generation, a major thrust for any party in power. As Virender Uppal, MD of one of the top export houses of the country and two times Chairman of AEPC puts it, “The year 2016 is special for the industry, as the ‘Special Package’ for Indian garment exporters is the first recognition […]

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SIMA hails made-ups export package

The Union Cabinet Chaired by Prime Minister Narendra Modi yesterday approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of state levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc. In a press release issued last week, M. Senthilkumar, Chairman, The Southern India Mills’ Association (SIMA) said, “I present my […]

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Made-up sector included in Special Package for reforms

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to the reforms to boost employment generation and exports in the Made-ups (home furnishing) Sector which includes simplified labour laws and technology upgradation within the special package of Rs. 6006 crore, announced by Government in June 2016. The interventions are expected to boost employment in the textile sector and create employment for up to eleven lakh persons, lead to increase in […]

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Indian Textiles Ministry seeks grants to settle duty drawback refunds

Indian Textile Ministry has sought Rs. 1,750 crore in supplementary grant from the Indian Finance Ministry to settle claims of refunds under the new duty drawback scheme, announced as part of a special package for the Indian apparel sector. Claims to the tune of Rs. 160 crore from garment exporters have been received since then. Aimed at attracting investments worth US $ 2.7 billion, boosting exports by US $ 9.5 billion and creating 9.5 lakh […]

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Home Textiles likely to come under ‘Special Package’

At the recently held Texprocil Awards, Indian Union Minister of Textiles, Smriti Irani announced that made-ups and home textile segment is under consideration of being covered under the Rs. 6,000-crore special package recently approved for the garment sector, which had been excluded from its ambit. An announcement for the same is likely to be made around Diwali, added the Minister in her address. Also Read – After ‘special package’ for apparels, home textiles segment hopes […]

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After ‘special package’ for apparels, home textiles segment hopes for same

After the recent announcement of a ‘special package’ for the apparel export industry by the Ministry of Textiles, stakeholders in made-ups and home textiles segment are also lobbying for a similar package. The move was clearly noticed at a recent event of Texprocil (The Cotton Textiles Export Promotion Council) in Mumbai, where a study report “Textile Industry as a vehicle of job creation for inclusive growth” by Texprocil and Ernst & Young was released. According […]

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Does ‘Make in India’ have the punch to attract investments in apparel manufacturing?

The campaign for ‘Make in India’ is only getting louder, but does it in anyway impact or influence the garment industry, and more importantly, is there anything in the recent ‘special package’ for the garment industry that could encourage fresh investments in this industry that too in tier 2 and tier 3 cities, where the labour is located…, not many have an answer to that! While many feel that the spirit and intent of the […]

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‘Special Package’ of Rs. 6,000 crore motivates exporters

The ‘Special Package’ for the Textile and Apparel Industry of Rs. 6,000 crore (US $ 923 million), basically targeted at enhancing the competitiveness of the apparel exporters, announced recently by the Central Government, has begun to show its impact as 35 Indian apparel exporters have already announced investment plans of Rs. 623 crore (US $ 96 million) over the next three years that will create employment opportunity for more than 30,000 people. This is just […]

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