India's apparel exports to the United States after the removal of duty concessions under the generalized system of preferences (GSP) programme of the United States have witnessed a rise of 5 per cent compared to the same period last year when the duty benefits were applicable, textiles minister Smriti Irani informed parliament upper house yesterday.
New Delhi: India faces competition from countries like Vietnam, Bangladesh and Sri Lanka that enjoy preferential or duty-free access to key markets like the European Union, Union Textiles Minister Smriti Irani said on Friday.
Nagpur: Union minister of Micro, Small and Medium Enterprises (MSME) Nitin Gadkari will address an important conference focussed on MSMEs in Vidarbha organized by Confederation of Indian Industry (CII), Western Region on Saturday.
Contraction in eight major industries of the country continued for the third consecutive month in October as the output pace receded by (-)5.8 percent.
The Indian textile industry can turn a $300-billion industry by 2030 and generate 35 million jobs, according to Hari Thiagarajan, Tamil Nadu council vice chairman of the Confederation of the Indian Industry (CII), who said this is possible if the industry enhanced its focus on exporting more value-added products, modernisation and sustainable business practices.
Union Minister of Textiles Smriti Zubin Irani on Friday said that India’s exports of textile and apparel sector (including handicrafts) have increased from USD 39.3 billion in 2017-18 to USD 40.4 billion in 2018-19.