The collaboration has been signed between EU-Textile2030, the European cluster of advanced textile materials and Tex4im, the consortium that reviews the smart specialization strategy in Europe of the sector.
The ready-made garments (RMG) sector is not in good shape and it has created a huge negative impact on the economy.
The government on Thursday said that exports of apparel post-withdrawal of Generalised System of Preferences (GSP), has increased by 5% as compared to the corresponding period before withdrawal.
India's apparel exports to the US post removal of duty concessions under Washington's Generalized System of Preferences programme has seen a rise of 5 per cent compared to the same period last year when the duty benefits were available, Parliament was informed on Thursday.
The Finance Ministry has said that ‘e-invoicing’ will be mandatory for businesses having turnover of Rs 100 crore or more from April 1.
The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category.