Although domestic cotton prices remain higher than international prices, the overall demand scenario seems to be improving according to a report by Systematix Institutional Equities Research. It can recover spread in the coming quarters to support the profitability and operational efficiency of Indian textile companies. The report says the demand outlook remains strong for the…
New Delhi: India’s textiles sector faces several challenges despite possessing a complete value chain, said the Economic Survey 2024-25 on Friday, pointing out that the sector has attracted limited FDI, hindering technological advancements and leading to reliance on imported textile machinery. The dominance of MSMEs limits the textile sector’s scale and efficiency, while its fragmented…
Representative image India has launched its Textile Policy for 2024, focusing on strengthening the textile sector with a range of financial incentives. The policy highlights two main areas: technical textiles, including clothing and apparel, and various manufacturing processes like weaving and dyeing. The policy provides various financial support mechanisms for businesses, including capital subsidies ranging…
Representative Image India’s textile industry is on the brink of expansion, with total textile exports projected to reach USD 65 billion by FY26, according to Invest India. Invest India posted on X, “PM Modi’s bold ‘#fibretofashion’ vision is guiding the #textileindustry to become a driving force in the global market while bringing competence & technology…
Representative image New Delhi: India is preparing a framework to reward the industry and academia for developing copyrights, trademarks and patents in technical textiles, which are meant for non-aesthetic purposes. The textiles ministry has proposed 10 years of exclusive rights for the industry to commercialise the intellectual property (IP) if their funding contribution is at…
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…
The government on Thursday extended by two months till October 31, the date of inviting fresh applications under the performance-linked incentive (PLI) scheme of textiles for manmade fiber apparel, fabrics, and products of technical textiles. The textile ministry had in July reopened the PLI scheme portal till August 31 “in view of the requests from…
