by TEXTILE VALUE CHAIN | Dec 30, 2024 | Import/Export, News & Insights
Exporter organizations have requested a three-year dedicated fund with an annual outlay of ₹250 crore in the Budget of FY2025-26 in order to take advantage of the opportunities that are expected to come from the Trump administration’s planned tariff hike on...
by TEXTILE VALUE CHAIN | Dec 30, 2024 | Import/Export, News & Insights
On Thursday, exporters called for the implementation of a US-focused marketing plan to capitalize on the higher tariffs on Chinese goods that President-elect Donald Trump has mentioned in order to increase exports by an additional $25 billion over the next three...
by TEXTILE VALUE CHAIN | Aug 1, 2024 | Import/Export, News & Insights
The textile hub of Panipat is facing a severe crisis due to a surge in global freight costs and an acute shortage of shipping vessels. The situation has been exacerbated by the ongoing Russia-Ukraine war, inflation in major economies, and the recent Israel-Hamas...
by TEXTILE VALUE CHAIN | Jun 13, 2024 | Events Updates, News & Insights, Textile Industry
Highlights: Connected 200+ suppliers from 10 countries with over 5800 quality trade buyers & stakeholders from Bangladesh and international markets The biggest Indian Textile Pavilion ever formed at Intex. Over 100 companies exhibited successfully to promote...
by TEXTILE VALUE CHAIN | May 6, 2024 | Business & Policy, News & Insights
In the wake of the Red Sea crisis escalating costs for exporters, the clamour for a rise in interest subvention under the Interest Equalisation Scheme (IES) is growing. With subdued demand in key markets, exporters are seeking a boost in the scheme that is set to...
by TEXTILE VALUE CHAIN | Feb 9, 2024 | Apparel, Fashion & Retail, News & Insights
The Central government has made a significant move by extending the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for exporters of apparel and made ups. This decision has garnered positive feedback from the Southern India Mills Association, which...
by TEXTILE VALUE CHAIN | Jan 11, 2024 | Finance & Economy, News & Insights
Prime Minister Narendra Modi called on global investors to explore the potential in India’s emerging sectors during his visit to Gujarat on Tuesday. Speaking on the eve of the Vibrant Gujarat Global Summit, Modi emphasised the opportunities in sectors like...
by TEXTILE VALUE CHAIN | Jan 6, 2024 | Import/Export, Logistics
Indian exporters are expected to experience a steady increase in shipping costs as the Red Sea region remains unstable, leading freight companies to opt for the longer route around Africa to reach the West. Experts have stated that taking the longer route, around the...
by TEXTILE VALUE CHAIN | Jan 6, 2024 | Import/Export, News & Insights
India’s Commerce and Industry Minister, Piyush Goyal, announced that the country’s merchandise exports for this financial year are projected to touch the previous year’s levels despite a year-on-year contraction of 6.5% in the first eight months and...
by TANVI_MUNJAL | Dec 15, 2023 | Finance & Economy, News & Insights
Exporters in India are planning to approach the Commerce and Finance Ministries to request higher subsidy rates under the interest equalization scheme (IES) for identified sectors. The move aims to help exporters cope with the surge in interest rates on credit over...
by TANVI_MUNJAL | Nov 16, 2023 | Business & Policy, News & Insights
In a major development towards streamlining the process of issuing exporter status certificates, the Commerce Ministry is gearing up to release approximately 20,000 such documents by the end of this year, according to a high-ranking official on Wednesday. Santosh...
by TANVI_MUNJAL | Nov 14, 2023 | Events Updates, News & Insights
In a bid to promote ease of doing business for traders, the Commerce Ministry has announced a soft launch of the revamped electronic bank realization certificate (eBRC) on November 15. The eBRC is an essential document for exporters as it serves as confirmation from a...
