Representative image Ludhiana: Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to late arrival of the winter season. The industry which has already been facing stagnation for the last few years failed to get relief…
Handloom is a more than 2,000-year-old craft. But today the segment mostly thrives on government support in Tamil Nadu, especially the free sari-dhoti scheme as well as initiatives from state-owned Co-optex. The advent of mechanization and powerlooms had taken the focus away from handlooms towards mass production, which handlooms could not match. Globally too, the…
NEW DELHI: From farmers to fashion designers, the government and export promotion councils will showcase the entire value chain at the biggest ever textile show in February. The show will cover not just Bharat Mandapam but also the newly built Yashobhoomi in the capital, as it seeks to position India as a major player in…
Representative Image NEW DELHI: The Confederation of Indian Textile Industry (CITI) on Friday has elected Rakesh Mehra as Chairman, Ashwin Chandran as Deputy Chairman and Dinesh Nolkha as Vice Chairman for two years- 2023-2025. The decision was made during the organisation’s 65th Annual General Meeting (AGM), held virtually. In a statement, the apex body of…
New Delhi: Revenue of the home textile industry is set to rise 7-9 per cent this fiscal after a 15 per cent fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major markets abroad, according to a Crisil report. The operating profitability will…
Government think-tank Niti Aayog is looking at tax-related issues, including inverted duty structure in three sectors of engineering, leather, and textiles, an official said on Monday. The issues are likely to be taken up with higher authorities for their resolution to promote the growth of these sectors, the official said. Industry representatives of leather and…
