by TEXTILE VALUE CHAIN | Mar 30, 2024 | Business & Policy, Import/Export, News & Insights
The decision by the UK government to replace the Generalised Scheme of Preferences (GSP) program with the Developing Countries Trading Scheme (DCTS) has sparked confusion among Indian exporters. As part of the new scheme, the UK has introduced different product...
by TEXTILE VALUE CHAIN | Dec 30, 2023 | Import/Export, News & Insights
To boost India’s export growth and help small and medium-sized enterprises (SMEs) take advantage of government schemes, the government announced on Thursday the extension of export benefits under the Scheme for Remission of Duties and Taxes on Exported Products...
by TANVI_MUNJAL | Nov 3, 2023 | Finance & Economy, News & Insights
After the Remission of Duties and Taxes on Exported Products (RoDTEP), the government might consider extending the Rebate of State and Central Levies and Taxes (RoSCTL) scheme until 2025-26, a move primarily aimed at benefitting the textiles sector, according to...
by TEXTILE VALUE CHAIN | Aug 21, 2023 | Import/Export, News & Insights
Today’s meeting in Semarang, Indonesia, will mark the beginning of the formal ministerial review of the bilateral free trade agreement that the two countries inked more than thirteen years ago. Commerce and Industry Minister Piyush Goyal had previously said that...
by TEXTILE VALUE CHAIN | Aug 7, 2023 | Import/Export
In an effort to increase access to international markets for goods and services, India is reviewing free-trade offers from a number of South American and African nations. While negotiations for a free trade agreement with the UK are expected to be finished before the...
by TEXTILE VALUE CHAIN | Jul 25, 2023 | Start Ups
India’s exports are declining, which has spurred the government to ease compliance requirements for current exporters and create incentives for startups and new exporters. Startups and new exporters are now eligible for airfare reimbursement under the Market...
by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Import/Export
According to Sanjay Budhia, chairman of the CII Committee on EXIM, the German economy is currently experiencing a recession, which is anticipated to have an influence on India’s exports to Germany in a variety of industries, including chemicals, machinery,...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | News & Insights
Texprocil and Southern India Mills’ Association (SIMA) have expressed their condolences following the passing of renowned industrialist Karumuttu T. Kannan on Tuesday in Madurai. “The textile business has suffered a great loss with Kannan’s passing....
by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | Import/Export
The EU’s recent adoption of a deforestation legislation will have an impact on India’s 1.3 billion USD yearly exports of goods to the EU, including coffee, leather skins, and paperboard, according to a report by the economic think tank GTRI on Thursday....
by DIGITAL MEDIA EXECUTIVE | May 20, 2023 | cotton industry, COTTON PRICE
There is a trend of recessions which is going on the global economy across the world. Thi has increased the cotton process adversely and affected exports in the textile value chain completely. According to data furnishied by Confederation of Indian Textile Industry...
by DIGITAL MEDIA EXECUTIVE | Apr 21, 2023 | cotton industry, COTTON PRICE
According to the industry’s monthly revision, India’s cotton production has been further down to 303 lakh 170 kg bales. It is important to note that India’s estimated cotton production for the marketing year 2022–2023 (October–September) is now lower...
by DIGITAL MEDIA EXECUTIVE | Apr 21, 2023 | Import/Export
According to exporters, the nation’s merchandise exports are anticipated to surpass $500 billion this fiscal year as a result of strong demand for local products in important international markets, such as the United States, and advantages from trade agreements....
