textile sector

Rajasthan’s textiles push with nine dedicated parks


September 2nd, 2012 - 1:19 pm ICT by IANS
Jaipur, Sep 2 (IANS) The central government has approved nine textile parks worth Rs.1,500 crore in Rajasthan, and an additional grant of Rs.400 crore to promote this industry in the ... Read more...

Posted in Business |

Textile firms’ loans of Rs.35,000 crore to be restructured


August 8th, 2012 - 9:23 pm ICT by IANS
New Delhi, Aug 8 (IANS) The government has directed public sector banks to restructure loans worth Rs.35,000 crore to textiles firms, which are facing financial problem, Minister of State for ... Read more...

Posted in Business |

Pranab asks banks to reduce non-performing assets


June 12th, 2012 - 8:45 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee Tuesday asked banks to reduce non-performing assets (NPAs) for the financial health of the sector."I am happy that banks have ... Read more...

Posted in Business |

India inks $1 mn pact to train African craftswomen


February 29th, 2012 - 3:37 pm ICT by IANS
New Delhi, Feb 29 (IANS) The National Institute of Design and the external affairs ministry have inked a $1 million MoU to train and empower craftswomen in five African countries, ... Read more...

Posted in Business |

India to train African craftswomen in basketry


January 10th, 2012 - 7:48 pm ICT by IANS
New Delhi, Jan 10 (IANS) India's National Institute of Design (NID) will train craftswomen of rural Africa in basket weaving under a $1-million project.The government Tuesday said the programme will ... Read more...

Posted in Business |

Slowdown in textile a concern: Minister


December 12th, 2011 - 1:30 pm ICT by IANS
New Delhi, Dec 12 (IANS) The slowdown in the textile sector is a matter of concern, union Commerce Minister Anand Sharma told parliament Monday. "There is a slowdown in ... Read more...

Posted in Uncategorized |

Textile sector remains core to the Indian economy: Minister


August 26th, 2011 - 12:32 am ICT by IANS
Mumbai, Aug 25 (IANS) The Technology Upgradation Funds Scheme (TUFS) that provides support for textiles through interest reimbursement and capital subsidy, will be extended during the 12th Plan period as ... Read more...

Posted in Business |

China, Turkey, Korea keen to invest in Pakistan


August 1st, 2011 - 10:15 am ICT by IANS
Islamabad, Aug 1 (IANS) Chinese, Turkish and Korean businesses have shown keen interest in investing in Pakistan's "textile city" of Karachi, Prime Minister Yousuf Raza Gilani has said.Gilani said ... Read more...

Posted in Business |

Manmohan Singh promises priority for development of Assam, North East


February 19th, 2011 - 5:40 pm ICT by ANI
Guwahati, Feb 19 (ANI): The Prime Minister, Dr. Manmohan Singh, on Saturday said the development of Assam and the North East has always been one of the priorities of the Congress-led ... Read more...

Posted in Feature |

Employment growth vital for ensuring development process: Mukherjee


January 12th, 2011 - 8:30 pm ICT by ANI
New Delhi, Jan 12 (ANI): Union Finance Minister Pranab Mukherjee on Wednesday said that growth in employment opportunities is vital for ensuring an inclusive development process.In his customary pre-budget meeting ... Read more...

Posted in National |

Govt. committed to make NTC a world-class textile company: Maran


January 5th, 2011 - 8:03 pm ICT by ANI
New Delhi, Jan 5 (ANI): Union Textiles Minister Dayanidhi Maran on Wednesday said the government is committed to make the National Textile Corporation (NTC), a world-class eco-friendly integrated textile company and flag-bearer ... Read more...

Posted in National |

Pakistani exports show upward trend


December 1st, 2010 - 4:26 pm ICT by IANS
By Awais Saleem Islamabad, Dec 1 (IANS) The exports by Pakistani manufacturers have touched $7.8 billion in the first four months of ongoing 2010-11 fiscal, which marks a substantial 14 percent increase compared ... Read more...

Posted in South Asia |

Agriculture tax proposed in Pakistan


November 25th, 2010 - 4:55 pm ICT by IANS
By Awais Saleem Islamabad, Nov 25 (IANS) The Pakistani parliament's standing committee on finance has recommended levying agriculture tax while granting exemption to eatables, textbooks and life-saving drugs in the proposed new tax ... Read more...

Posted in South Asia |

Gujarat to set up textile parks for cotton


November 20th, 2010 - 7:54 pm ICT by IANS
Ahmedabad, Nov 20 (IANS) The Gujarat government is planning to set up separate industrial parks for spinning cotton, state industries minister Saurabh Patel said Saturday.He was speaking here at a seminar ... Read more...

Posted in Business |

India has potential to increase its textile share in world trade: Dayanadhi Maran


November 2nd, 2010 - 10:15 pm ICT by ANI
New Delhi, Nov 2 (ANI): Union Textiles Minister Dayanadhi Maran on Tuesday said India has the potential to increase its textile share in the world trade from the current level of 4.5 ... Read more...

Posted in Feature |

India to help Kenya revive its textile sector


October 14th, 2010 - 8:58 pm ICT by IANS
Nairobi, Oct 14 (IANS) India has offered technical assistance to Kenya in reviving its textile sector, which employs nearly one-third of the East African country's industrial workforce."India offered to collaborate in ... Read more...

Posted in Business |

Karunanidhi to launch new integrated skill development scheme


October 7th, 2010 - 6:15 pm ICT by ANI
Chennai, Oct 7 (ANI): With an objective of capacity building of institutions providing skill development and training in Textiles Sector, Tamil Nadu Chief Minister M. Karunanidhi will launch a new integrated skill ... Read more...

Posted in National |

Mulberry acreage to be expanded for boosting silk output


July 3rd, 2010 - 11:35 pm ICT by IANS
Bangalore, July 3 (IANS) The central government will facilitate expanding mulberry acreage to boost raw silk production and revive the sericulture sector, Textiles Minister Dayanidhi Maran said Saturday. "The mulberry acreage will be ... Read more...

Posted in Business |

Bangladesh weavers strike work, demand Indian yarn


May 13th, 2010 - 11:39 am ICT by IANS
Dhaka, May 13 (IANS) Over 1.3 million handloom and powerloom units across Bangladesh have launched an indefinite strike demanding import of yarn from India through the Benapole land port to meet the ... Read more...

Posted in Business |

Tirupur hosiery exporters welcome Rs.200 crore grant


February 26th, 2010 - 7:13 pm ICT by IANS
Chennai, Feb 26 (IANS) The knitwear exporters of Tamil Nadu's Tirupur are happy with Finance Minister Pranab Mukherjee's Rs.200-crore grant for setting up a common effluent treatment plant there. "The textile cluster ... Read more...

Posted in Business |

Continue incentives for textile sector: minister


February 23rd, 2010 - 8:10 pm ICT by IANS
New Delhi, Feb 23 (IANS) Amid speculation of partial withdrawal of stimulus in the coming budget, Textiles Minister Dayanidhi Maran Tuesday urged the government to continue the incentives for some more time ... Read more...

Posted in Business |

CII demands Rs.50 bn for Technology Upgradation Fund Scheme


February 16th, 2010 - 7:14 pm ICT by IANS
Chennai, Feb 16 (IANS) The Confederation of Indian Industry-Southern Region (CII-SR) Tuesday asked the government to provide Rs.5,000 crore (Rs.50 billion) towards the Technology Upgradation Fund Scheme (TUFS) and scrap the import ... Read more...

Posted in Business |

Continuing stimulus bad for economy: Finance secretary


January 6th, 2010 - 8:41 pm ICT by IANS
New Delhi, Jan 6 (IANS) The government Wednesday indicated that continuing with the economic stimulus package would not be good for the economy, even as the Indian industry warned that any ... Read more...

Posted in Business |

Spaniards dining out less during recession: Study


November 3rd, 2009 - 12:54 pm ICT by IANS
Madrid, Nov 3 (EFE) Amid the worst recession in decades, Spaniards are cooking much more at home instead of frequently going out to restaurants, according to a new study. The head of business ... Read more...

Posted in Business |

Indian textiles to take on China in own turf


October 18th, 2009 - 4:04 pm ICT by IANS
By Madhushree Chatterjee New Delhi, Oct 18 (IANS) The nearly $10-billion Indian textile and apparel industry, buoyed by a growth in August after nine months of decline and by increased demand from Europe, ... Read more...

Posted in Business |

Government to release Rs.2,500 crore for textile sector


August 6th, 2009 - 8:47 pm ICT by IANS
New Delhi, Aug 6 (IANS) The government Thursday said it will release a subsidy of Rs.2,546 crore ($535 million) for the crisis-hit textile sector, which will directly reach the beneficiaries in ... Read more...

Posted in Business |

Textile sector still far from recovery: Assocham


August 3rd, 2009 - 5:17 pm ICT by IANS
New Delhi, Aug 3 (IANS) Though the overall economy has started showing signals of an early recovery, the country's textile sector, the second largest employment provider, is still struggling with the slowdown, ... Read more...

Posted in Business |

Dhaka worried as Mauritius sends 6,000 Bangladeshi workers home


July 16th, 2009 - 12:26 pm ICT by IANS
Dhaka, July 16 (IANS) Bangladesh's overseas job market that fetches high earnings is set to shrink as Mauritian authorities have decided to send back 6,000 workers by the end of the ... Read more...

Posted in Business |

New markets for textile sector being explored


July 15th, 2009 - 9:30 pm ICT by IANS
New Delhi, July 15 (IANS) The government is promoting an export policy regime for the textiles industry that will cover all potential markets including South East Asia, said Textiles Minister Dayanidhi Maran ... Read more...

Posted in Business |

CPI to launch countrywide agitation against high prices


July 8th, 2009 - 5:29 pm ICT by ANI
New Delhi, July 8 (ANI): The Communist Party of India (CPI) has said that it will launch a countrywide agitation against high prices of essential commodities despite low rate of annualised ... Read more...

Posted in National |

Maran promises more sops for textile industry


July 7th, 2009 - 9:59 pm ICT by IANS
New Delhi, July 7 (IANS) Welcoming the general budget 2009-10, Textiles Minister Dayanidhi Maran Tuesday said some more announcements on empowerment of weaker sections and facilities for the growth of medium and ... Read more...

Posted in Business |

Rs.3,000-crore package for textiles industry


July 5th, 2009 - 4:35 pm ICT by IANS
New Delhi, July 5 (IANS) The government has offered a helping hand to the country's ailing textile sector by announcing a Rs.3,000-crore ($627 million) financial package to waive loan overdues of handloom ... Read more...

Posted in Business |

Revise specific duties on textiles: Economic Survey


July 2nd, 2009 - 6:09 pm ICT by IANS
New Delhi, July 2 (IANS) India's Economic Survey for 2008-09, tabled in parliament Thursday, called for revising specific custom duties on the textiles sector to ensure that they match ad valorem tax ... Read more...

Posted in Business |

Rs.11 bn to be spent annually on textile tech upgrade (Lead)


June 24th, 2009 - 11:38 pm ICT by IANS
New Delhi, June 24 (IANS) The government will spend Rs.1,100 crore (Rs.11 billion) annually till 2012 to provide subsidies and upgrade technology to the textile sector, Textiles Minister Dayanidhi Maran said here ... Read more...

Posted in Business |

Health insurance for 150,000 weavers planned


June 24th, 2009 - 6:13 pm ICT by IANS
New Delhi, June 24 (IANS) The government will provide health insurance to 150,000 weavers and open two textile parks, Textiles Minister Dayanidhi Maran said Wednesday while unveiling the department's first 100 days' ... Read more...

Posted in Business |

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