RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies
The benchmark repurchase (repo) rate was cut by 40 basis points to 4 percent, the lowest since the benchmark came into being in 2000, RBI Governor Shaktikanta Das said.
The government needs to give a direct push to MSMEs to ramp up the export of consumer goods to reap the benefits of its comparative advantage over products made in China in the post-pandemic world, a report said
Apparel exporters seek Narendra Modi's intervention for stimulus package; say overseas buyers cancelling orders
He said that about 70 percent of the apparel units are in the MSME sector and it is imperative to note that the member-exporters strictly comply with national and international norms.
Ind-Ra revises outlook on textile sector to negative from stable; key raw material prices to remain low in 2020-21
Ind-Ra expects withdrawal of incentives under the merchandise exports from India scheme (MEIS) to affect export players of made-ups (home textiles) and garments.
The Registry of Sarees is generating new interest in the garment through documentation, combining traditions
The Registry of Sarees in Bengaluru has now opened a Resource and Study Centre, enabling design, curatorial and publishing projects in the area of hand spun, hand-woven and hand-worked Indian textiles
Malayalam superstar Mohanlal lands in legal trouble for spinning a charkha in advertisement for textile brand
Mohanlal has been sent a notice by The Kerala Khadi and Village Industries Board for misleading people through the advertisement.
On the other hand, India's imports of textile and apparel have increased by 17 percent from $6.3 billion in 2016-17 to $7.3 billion in 2017-18
India can become a one-stop sourcing destination for textiles for brands, retailers from ASEAN, says Smriti Irani
India has potential to become the one-stop sourcing destination for brands and retailers from ASEAN, Textiles Minister Smriti Irani said on Tuesday.
The FDI inflow from the island nation was at $84.74 million in the fiscal 2006-07, the report titled 'India Japan Roadmap Towards Realising Vision 2025' said.
The textile industry is growing exponentially in the country, with FDI having tripled in three years, Union Minister Smriti Irani said on Thursday.
Weaving culture: Hyderabad designers and revivalists hope to popularise handloom textiles once again
How did handloom textiles — so woven into the warp and weft of Indian culture, go into decline?
Around 5,000 textile producing units and retail shops and more than 20,000 power looms in the district remained closed for the fifth consecutive day
A PIL seeking for a direction to punish officials concerned for failing to take action against the management of a textile showroom here, which was gutted in a fire two days ago, for the construction of its building in violation of rules and allowing it to function for years.
Jaitley said that the core problem of NPAs was with "very large corporates", predominantly in the steel, power, infrastructure and textile sectors
Over 350 resellers from these sectors came together to explore trade opportunities through e-commerce and mobile technology
The company has opened its first Taneira store at here that has a collection of handwoven sarees and ethnic wears from across the country with products ranging up to Rs 2.5 lakh.
Employment generation was a key priority of the government and the 12th Five Year Plan projects five crore new job opportunities to be generated in the non-farm sector besides also providing skill certification to an equivalent number of people
As per the real time data from Forbes, net worth of Ortega stands at $78 billion as on Friday and that of Gates at $77.4 billion
Some of the experts ask why did it take two years for Target to raise the issue. A few others feel this means the problem is systemic and Welspun cannot sit out waiting for the audit report to come out
The measures approved include additional incentives for duty drawback scheme for garments, flexibility in labour laws to increase productivity as well as tax and production incentives for job creation in garment manufacturing