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Where Budget 2025 was largely dominated by the income-tax rate and slab relaxations, Budget 2026 has done away with Big Bang measures. Instead, its scattershot approach, through various sectoral and issue-based measures, when taken together, is aimed at propelling India’s growth over the medium term. Given the level of geoeconomic and geopolitical uncertainties that the…
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With the U.S. tariffs hitting hard, apparel and textile exports saw a 12.91% slump in October compared with last October. While textile shipments last month were worth $1,597 million, apparel exports were $1,069.42 million, as against $1,833 million (textiles) and $1,227 million (apparel) in October 2024. Exports of jute and carpets dropped 27.27% and 15.8%…
Representational image. File | Photo Credit: S. Siva Saravanan The Department of Handlooms, Handicrafts, Textiles and Khadi, Government of Tamil Nadu, has allocated ₹10 crores for the current financial year (2024-2025) to implement the 6% interest subvention scheme for textile mills that want to invest and upgrade technology. According to an order dated December 9,…
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Workers inspecting garments at a knitwear export unit in Tiruppur. File | Photo Credit: SIVA SARAVANAN S Apparel exports continued to grow, registering an 11.84% year-on-year increase in July 2024. While textile exports last month remained almost the same at $ 1660.36 million as against $ 1663.06 million in July 2023, apparel exports were $…
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A woman inspects garments at a knitwear export unit in Tiruppur. File | Photo Credit: S. Siva Saravanan The global textile industry, including textile machinery and garment manufacturing, continues to be concerned about “weak demand” in the market, according to a recent survey. The latest results of the International Textile Manufacturers Federation (ITMF) Global Textile…
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The Committee on Cotton Production and Consumption (COCPC), at a recent meeting, estimated cotton production this season, ending September, at 323 lakh bales and exports 27 lakh bales. The Cotton Association of India (CAI), however, said production will be 309 lakh bales mainly because it expects production in Telangana to be 34 lakh bales against…
Fabric maker Donear will invest ₹400 crore in Jammu to make carpets and rugs, said Rajendra Agarwal, its Managing Director. The company has purchased land in Jammu and the plant will be operational in 24 months. Almost 90 % of the products made there will be exported and with this unit, Donear will venture into…
The textile and apparel industry, while welcoming extension of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for two years, has expressed disappointment over unchanged Import Duties. Cotton Textiles Export Promotion Council chairman Sunil Patwari said continuation of the RoSCTL was essential for the long-term trade planning. Orders could be placed in…
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Indo Count Industries, a leading manufacturer and exporter of bedlinen in the home textile space, plans to double its revenue in the next four years to almost ₹6,000 crores. In an interaction, KK Lalpuria, its Executive Director and Chief Executive Officer, said the company has invested ₹1100 crore in the past couple years and achieved…
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