by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Textile Industry
The second edition of the production-linked incentive (PLI 2.0) scheme for textiles is likely to have an outlay of Rs.4,307 crore and will cover manufacture of garments, made-ups and textiles accessories of all materials, natural or man-made, per the Cabinet note...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Finance & Economy
Piyush Goyal, the minister of commerce and industry, expressed optimism on Saturday that traders would soon be able to settle international trade in rupees as several foreign banks are opening special Vostro accounts with Indian banks. The Reserve Bank of India (RBI)...
by DIGITAL MEDIA EXECUTIVE | Apr 18, 2023 | Import/Export
In the post-pandemic era, India’s share of exports of petroleum and electronic goods has expanded at the expense of labor-intensive industries like gems and jewellery, engineering products, and ready-made clothing. Data from the Commerce Ministry examined by...
by DIGITAL MEDIA EXECUTIVE | Apr 10, 2023 | Textile Articles
On Friday, Federal Minister Piyush Goyal announced that the Rs 4,445 crore PM MITRA programme would create seven major textile parks in Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh. The parks will bring in an estimated Rs...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Finance & Economy
Industry thanks government to include the demand of apparel sector in FTP Apparel Export Promotion Council (AEPC) and its industry members hail the new Foreign Trade Policy 2023. Reacting on the FTP 2023, Shri Naren Goenka, Chairman AEPC said, “The Foreign Trade...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Trade Analysis
FTP, a complete policy strategy to boost exports of commodities and services. Additionally, a plan for achieving $2 trillion in goods and service exports will be created. While the previous policy has placed a strong emphasis on incentive-driven programmes, the new...
by DIGITAL MEDIA EXECUTIVE | Mar 28, 2023 | Finance & Economy
According to Sunil H Talati, chairman of the Services Export Promotion Council, “the government believes that all service industries are self-sufficient and can generate healthy foreign exchange (forex) profits without the need for incentives.” Why should...
by DIGITAL MEDIA EXECUTIVE | Mar 20, 2023 | Textile Articles
Parks will draw in investment and provide jobs, especially for women. According to K M Subramanian, president of the Tiruppur Exporters’ Association, “We have also suggested creating an ecosystem to attract MSMEs to Tirupur, plug-and-play facilities,...
