New Delhi: Driven by India’s inherent strengths and a strong policy framework that encourages investment and exports, the textiles sector in the country is expected to grow to $350 billion by 2030, the Centre said on Thursday. The textiles sector is set for significant expansion, with an 11 per cent growth in ready-made garments (RMG)…
Union Minister of Communications Jyotiraditya Scindia said that local telecom manufacturing will generate more job opportunities at entry level, adding that it will also help in building up skilled manpower resources. The minister was speaking during a meeting with original equipment manufacturers (OEMs) in the telecom sector. He said that the government is focused on…
Sivaramakrishnan Ganapathi, MD, Gokaldas Exports, says this year on the low base of last year, there is a growth. Also, the retail-led demand continues to pull up the sector and there is also a move from Western companies to source more from India and that is getting more pronounced when the demand is coming back,…
Leather and footwear exporters body CLE on Tuesday sought an extension of the Production-linked Incentive (PLI) scheme for the sector with a view to boost job creation, domestic manufacturing and shipments. In a pre-budget meeting with Finance Minister Nirmala Sitharaman, Council for Leather Exports Chairman Rajendra Kumar Jalan also urged the government to provide import…
Representative Image The government will accord focused attention to promote India‘s textiles exports, which declined for the second year in a row in 2023-24, Textiles Secretary Rachna Shah said. The government has set an ambitious target to achieve USD 100 billion export for textile products by 2030. The cumulative exports of textiles and apparel from…
Telecom equipment manufacturing and exports are becoming a new success story following the success of smartphone exports. In the financial year 2024, the telecom equipment production exceeded the milestone of Rs 45,000 crore with exports totaling approximately Rs 10,500 crore, supported by the production linked incentive (PLI) scheme of the Centre. According to government data…
India’s local manufacturing of electronics is expanding every year, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. According to commerce ministry data, imports of fully assembled electronics like smartphones dropped by 40% in the period from April to January FY 2023-24.The growth in local…
Apple ecosystem the biggest blue-collar job creator for India! Since the launch of the Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has emerged as a major job creator in India. Directly employing over 150,000 individuals, it stands as the largest blue-collar employer in the country.Government officials and experts told ET…
NEW DELHI: The Council for Leather Exports (CLE) has asked the government to provide fiscal incentives in the Budget such as the PLI scheme and reinstatement of import duty exemption on certain goods to boost manufacturing and exports. The council has also suggested the government to consider permitting the export of all value-added leathers, including…
The government has decided to extend the deadline for submitting fresh applications for the performance-linked incentive (PLI) scheme in the textile industry, specifically for man-made fiber apparel, fabrics, and technical textile products. Initially, the scheme was open until August 31, but in response to requests from industry stakeholders, the Ministry of Textiles has granted an…
