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22-Feb-2021  Jharkhand govt to sign deal with textile company to provide jobs to locals    
The state government will soon ink a memorandum of understanding with a Kerala-based apparel exporting company to provide them with workforce. The officials of Coimbatore-based KPR Mills and the state labour department are likely to ink the MoU in the upcoming week in presence of state labour mini Read More  

20-Feb-2021  Aided by strong Q4 recovery, decline in 2020 global trade less severe than earlier forecast: WTO    
Outlook for 2021 to depend upon evolution of virus, dissemination of vaccines, points out Goods Trade Barometer The decline in the volume of world trade in goods in 2020 may be “slightly less severe” than the WTO’s recent forecast of 9.2 per cent due to strong performance of trade in the fourth qua Read More  

04-Feb-2021  Online frauds dent textile market image    
A Madhya Pradesh woman, who paid Rs 5,000 for a sari that she had ordered online, was rudely shocked when she finally received one that costs Rs 500 only. Feeling cheated, she lodged a complaint with Surat police on email requesting cops to start an inquiry. Read More  

03-Feb-2021  Union Budget 2021: Textile industry welcomes Union Budget; urges withdrawal of 10% cotton import duty    
The associations appealed to the Prime Minister to immediately withdraw the levy of 10% import duty on cotton and cotton waste to sustain the global competition, prevent job losses and fall in the exports and also curb cheaper imports of value-added products. Read More  

03-Feb-2021  Customs duty on cotton imports disappoints textile sector    
The textile and clothing sector here has expressed disappointment over the levy of customs duty on cotton imports in the Union Budget. Manoj Patodia, chairman of the Cotton Textiles Export Promotion Council, said that the plan to establish seven mega investment textile parks in three years was a po Read More  

03-Feb-2021  Textile traders claim Rs 2,000 cr loss in 75 days    
The ongoing farmers’ agitation over the three new farm laws in northern India has resulted in Rs 2,000 crore loss to the Surat’s textile trade, claimed industry players in the country’s largest man-made fabric (MMF) hub. Read More  

03-Feb-2021  Bizmen seek mega textile investment park, better infra for city    
After being termed as disappointing by middle class and salaried persons, the Union Budget has turned out to be ‘good’ for businessmen despite having nothing significant for them, due to which they seek more reforms. This because their biggest nightmare of imposition of Covid cess or some new kind Read More  

03-Feb-2021  Decision to suspend gas supply to textile mills rejected    
The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) on Tuesday rejected the decision of the federal cabinet committee on energy (CCoE) to place moratorium on the supply of gas to textile units for self-generation of electricity. Read More  

03-Feb-2021  Vietnam targets growth acceleration, shift to hi-tech gear in economic blueprint    
Having sidestepped the worst of the coronavirus pandemic so far, Vietnam aims to rev up its economy over the next five years, trusting on its customtooled mix of free trade deals, privatisation and tight COVID-19 curbs. Armed with a raft of free trade deals envied by regional peers and increasingly Read More  

02-Feb-2021  Budget’s textile boost: 7 mega textiles parks to be setup in 3 years    
New Delhi: In a move to make the country’s textile sector a manufacturing and export hub, and create global export champions, India will set up seven textile parks over three years under the scheme of mega investment textile parks which was announced in Budget FY22 on Monday. Read More