Textiles

Coronavirus Outbreak: One crore job cuts likely in textile industry without govt support, says CMAI

There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)

Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report

The source said the government was considering allowing the resumption of some manufacturing operations under guidelines that were being drawn up.

Coronavirus Outbreak: DPIIT suggests Home Ministry permit limited activity in select sectors with safeguards

Big companies with proper sanitation and distancing norms in place in sectors such as textiles, automobiles and electronic manufacturing—20 percent to 25 percent capacity in single shift—may be considered to start with, according to the letter.

Coronavirus Outbreak: Exports sector may witness 15 million job losses, increase in NPAs, says industry body

About 15 million people face job losses in India's exports sector following cancellation of over half of the orders and gloomy forecast for global trade due to the Covid-19 pandemic, exporters' body FIEO said on Friday

Coronavirus Outbreak: Pandemic to hit MSME exporters more; likely to face labour issues, say trade experts

The sector also contributes about 25% to the country''s GDP (Gross Domestic Product) from service activities and over 33% to the manufacturing output of India.

Fundamentals of Indian economy strong, capable of achieving higher growth rates; aspirational targets essential to move ahead: Narendra Modi

Rejecting pessimism over the target of nearly doubling the size of the economy to $5 trillion, he said aspirational targets were needed to move ahead.

Loose threads: Once a thriving weavers' village, Anakaputhur's mills are fast being abandoned

Less than 20 years ago, every house in Anakaputhur had its own handloom mill. The weavers' village has been left devastated by the Chennai floods of 2015, and lack of support from the state government

Tenders worth over Rs 25,000 cr cancelled or modified to promote Make in India products

The Department for Promotion of Industry and Internal Trade (DPIIT) stepped in to change the conditions of tenders in order to promote 'Made in India' goods, a top official said.

Exports to hit $330 bn in 2018-19; nine sectors identified to achieve 16% growth this financial year: Suresh Prabhu

He said the country's merchandise exports have seen high growth in the past six years through sector-specific interventions, focused export promotion initiatives, and quick resolution of issues.

Govt reforms creating new livelihoods; eight sectors to add over 10 cr jobs by 2025: CII

The recent reforms ushered in by the government are creating new livelihoods across existing and emerging sectors, with eight segments of the economy alone expected to create over 10 crore jobs by 2025, CII said on Thursday