Tag: indian textile industry
Indian Textile Industry Facing Crisis
India's $200 billion textile and apparel industry is facing a crisis as consumers in the US, Europe and other big markets have cut spending on clothing following a surge in inflation after the war in Ukraine, industry officials said.
Indian Govt Planning to replicate 75 more Textile place like Tirupur in India . Is that Possible?
Located nearly 500 kilometers to the southwest of Chennai, Tiruppur is India’s largest knitwear hub. The cluster pretty much came up on its own in what was once an agricultural town. The farmers there started with small textile units during the 1970s.
Indian textile exports hit all-time high of $44 billion last fiscal
India recorded its highest ever textiles and apparel exports tally at $44.4 billion in the 2021-22 financial year. This was a 41 percent increase over the the 2020-21 fiscal, and a 25 percent rise over the year before that, the government said in a press...
Indian Textile Industry Should Use Local Cotton : Government
Minister of state for finance Pankaj Chaudhary said a 5% basic customs duty and a 5% agriculture infrastructure and development cess was imposed on raw cotton in FY22 budget to benefit domestic cotton farmers
Cotton Business Likely to Improve Further in Indian & World Markets
This season has been quite favorable for the Indian farmers and trade persons, in getting good returns from their produce. As the world economy recovers from the severe 2020 downturn, India’s export prospects remain bright. Similarly, global cotton consum...
Defence Research and Development Organization (DRDO) is helping Indian Textile Industries for Making Military Uniforms
Seeking to replace Chinese and other foreign clothing used for making military uniforms in the country, Defence Research and Development Organisation (DRDO) is helping Indian textile industries produce yarns which will help to end reliance on imports in t...