Abhishek Bansal, The Indian rupee has been depreciating since the first week of July and in the last eight weeks it lost almost 4.3 percent against the dollar.
Uttar Pradesh government has initiated preliminary talks with the International Finance Corporation (IFC) seeking easy flow of capital to the Micro, Small and Medium Enterprises (MSME) sector in the state.
A textile processing cluster will be set up at a private industrial estate at Thamaraipatti in Virudhunagar district of Tamil Nadu to promote more inclusive and eco-friendly garment production.
Micro, Small and Medium Enterprises (MSMEs) are the backbone of the Indian economy but they face several challenges in production, quality control, testing, marketing, etc.
Commissionerate Ludhiana would organise an “IGST refund clearance drive” from September 2 to 6. A five-day camp would be organised at Centralised Refund Cell, ICD Concord, Focal Point, Dhandari Kalan, Ludhiana, under the supervision of Neeraj Soi, Joint Commissioner, Customs Commissionerate.
Amid reports of several textile units in Rajasthan facing financial crisis and slowdown, the state recently reached out to mill owners and industry associations, promising them resolution of issues.