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.
The progress of textile parks, under the Scheme for Integrated Textile Parks (SITP), has been moving at a snail's pace.
The Telangana state recently sought about ₹898 crore from the Indian government for creating infrastructure at the upcoming Kakatiya Mega Textile Park (KMTP) in Warangal.
LAHORE: The All Pakistan Textile Mills Association (Aptma) leadership has demanded uninterrupted electricity supply at the committed tariff of 7.5 cents per kilowatt-hour (kWh) to the export-oriented industry.
New Delhi, Nov 29 Fifteenth Finance Commission Chairman N K Singh on Friday said the goods and services tax has been an iconic taxation reform that will improve compliance in the country.