TEA Appeals for Revision in Interest Subsidies
The Tiruppur Exporters’ Association has appealed to the government to enhance the Interest Subsidy on Packing Credit to 5%. Currently, a 3% per cent interest...
Tag : business
Karnataka Attracting Investments for Textile and Apparel Sector
The Karnataka textile sector attracted Rs 4,292 crore in investments at the ongoing Global Investors Meet (GIM) in Bengaluru. The textile sector attracted investments from...
EU Reduces Sourcing from China
Europe’s apparel imports from China have been falling since July-September 2021, but the pace of decline increased in April-June quarter of this year. The trend...
INDIA AUSTRALIA FTA SIGNED
Australian Prime Minister Anthony Albanese announced Free Trade Agreement (FTA) with India. According to the Australian government, the agreement will secure Australia’s foothold in the...
Woollen Sector registered 32% growth in exports
Chairman Romesh Khajuria Carves Path for Consistent Growth Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal...
India’s textile ministry passes 20 research projects worth Rs.74 crore
India’s ministry of textiles has cleared 20 strategic research projects worth around Rs74 crore in the areas of agrotextiles, speciality fibre, smart textiles, activewear textiles,...
PDS acquires 51% stake in DBS Lifestyle
PDS Limited the global fashion infrastructure company acquired a 51% stake in Delhi-based end-to-end design solutions company, DBS Lifestyle. As part of this transaction, PDS...
India UK FTA to Get Faster as Sunak Takes up Charge
A new hope for faster signing of INDIA EU FTA is foreseen after Indian-origin Rishi Sunak was appointed British prime minister. Sunak had earlier told...
Impact of Increase in Fed Rates in the US
Battle with inflation is on, and in continuation of past policy, raised the interest rates by another 75 bps. US Fed Chairman Jerome Powell in...
Amendment in RoSCTL Scheme Gets Green Signal
The central government has made amendment in the Rebate of State and Central Taxes and Levies (RoSCTL) scheme which gives Indian garment exporters relief from...