by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | News & Insights
According to sources, the government is considering lowering the eligibility requirements for the Production Linked Incentive (PLI) scheme for textiles in order to increase the number of participants who are eligible for benefits and ensure that the funds allocated...
by DIGITAL MEDIA EXECUTIVE | Apr 17, 2023 | Corporate Update
Rachna Shah, the union textiles secretary, stated that the institutional framework for starting construction in two mega parks in Tamil Nadu and Karnataka will be ready in three months, almost a month after the centre announced its decision to create seven mega...
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Finance & Economy
The Union Budget 2023 has several provisions to promote the growth of the textile industry in India. The budget allocates a total grant of Rs. 4,389.34 crore for textiles, which is 22.6% higher than the revised budget grant for 2022-23. The launch of new schemes and...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Business & Policy
Gooten, a technology and logistics company with its U.S. headquarters in New York City, has finalised an investment agreement with INX International Ink Co., the company said today. This agreement will allow INX to advance its digital printing strategy while also...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Corporate Update
The fund has received approval from the Securities and Exchange Board of India Speciale Invest, a specialist VC focused on pre-seed & seed funding, is increasingly looking to support its existing portfolio companies through their growth across Series A and above...
by Manali bhanushali | Mar 22, 2021 | News & Insights
Union Budget 2021-22 announcements include launch of the scheme of setting up mega investment textile parks. Seven mega textile parks will be set up in next three years. These parks will enable the textile industry to become globally competitive, attract large...
by Manali bhanushali | Feb 13, 2021 | Finance & Economy, News & Insights
The Union Government recently announced in the Union budget 2021-22 that it will be launching seven Mega Investment Textile Parks (MITRA) – with integrated facilities – in three years. Notably, every state having textile industry is eager to get a park under this...
by Manali bhanushali | Feb 3, 2021 | Finance & Economy, Market Reports, News & Insights
Ludhiana, 01st Feb 2021 Shri Sanjay Garg, President NITMA , welcomed the proposal of Union Budget 2021-22 as the grant to Textile & Clothing sector is budgeted at Rs. 3,631.64 crore which is about 10% higher than previous year’s revised budget of Rs. 3,300 crores...
by Manali bhanushali | Feb 3, 2021 | Finance & Economy, Market Reports, News & Insights
In lieu of the Union Budget 2021-22 announcement, here’s a quote from Mr. Rajendra Agarwal, Managing Director, Donear Industries Ltd., expressing his views- “Due to the Covid-19 pandemic, like many other industries, the textile industry too underwent...
by Manali bhanushali | Feb 3, 2021 | Corporate / SME News, News & Insights
In lieu of the Union Budget 2021-22 announcement, here’s a quote from Mr. Rajendra Agarwal, Managing Director, Donear Industries Ltd., expressing his views- “Due to the Covid-19 pandemic, like many other industries, the textile industry too underwent...
by Manali bhanushali | Feb 2, 2021 | Finance & Economy, Market Reports, News & Insights
New Delhi, Monday, February 01, 2021: Shri T. Rajkumar, Chairman, CITI, welcomed the first digital-cum-paperless Central Budget presented today morning by the Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman, in the Lok Sabha House of the Parliament. He stated...
by TEXTILE VALUE CHAIN | May 28, 2020 | Industry And Cluster, News & Insights
India is likely to slip into recession in the third quarter of this fiscal as income and job losses and consumer concerns will delay recovery in demand even after the pandemic, according to Dun & Bradstreet’s latest Economic Observer, which said economic...
