India's textile and apparel exports are expected to touch $300 billion by 2024-25, resulting in a tripling of the country's market share globally from 5 per cent to 15 per cent, according Invest India, the national investment promotion and facilitation agency.
SIMA urges Union textile minister to intervene in cotton trading policies of CCI - 14th January 2020
The Southern India Mills’ Association (SIMA) has urged the Union textile minister Smriti Zubin Irani to intervene in the cotton trading policies of Cotton Corporation of India (CCI) and direct CCI to avoid holding the cotton and sell the cotton at market price on a regular basis to arrest price escalation.
Union Minister Nitin Gadkari on Sunday said the Centre is formulating a scheme to encourage "import substitute products" in the manufacturing sector in order to save foreign exchange.
Commercial credit to micro, small and medium enterprises (MSMEs), which had been growing in the past couple of years, slowed down in the last two quarters, according to a credit information company CIBIL report.
The government has invited proposals from consulting firms to undertake a study on Japan's textile and apparel industry to boost domestic exports and enhance mutual collaboration.
New Delhi, Jan 13 (KNN) Be it a domestic import or international import of raw materials, the high duty charges are enough to make them 'less reachable' to industries, who buy raw materials for their production of various goods.