by TEXTILE VALUE CHAIN | Jun 3, 2024 | News & Insights, Textile Industry
The central bank in Bangladesh announced that all leather product firms in the country can now receive cash incentives for exporting goods from their own factories. Firms exporting goods produced in other companies’ factories are not eligible. Previously, only 100%...
by DIGITAL MEDIA EXECUTIVE | Apr 21, 2023 | Food and Beverage
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....
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Import/Export
The Gujarati government has started a process to develop a strategy to increase exports from the state. The state policy, which will incorporate elements of the recently unveiled Foreign Trade Policy (FTP) of the Union government, would encourage, among other things,...
by DIGITAL MEDIA EXECUTIVE | Apr 11, 2023 | technical textile
The Technological Upgradation Fund (TUF) programme may be replaced with a new programme for the textile industry after careful evaluation, according to Union Minister of State for Textiles Darshana Jardosh. At the GCCI Textile Leadership Colloquium on Saturday,...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Country Report
Like its past iterations, India’s most recent Foreign Trade Policy (FTP) policy is essentially granular in scope, with many takeaways for different industries and stakeholders. In essence, it concentrates on modifying particular processes and procedures to...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Trade Analysis
On March 31, the administration launched the new Foreign Trade Policy 2023 in an effort to boost exports in the face of slow global commerce. India’s new approach to foreign commerce aims to double its exports of goods and services to $2 trillion by 2030....
by DIGITAL MEDIA EXECUTIVE | Mar 27, 2023 | Trade Analysis
In order to increase shipments of these goods, the government has expanded the export incentives under the RoDTEP plan to 18 textile-related products, including saari and lungis. The Directorate General of Foreign Trade (DGFT) announced in a notification that benefits...
by DIGITAL MEDIA EXECUTIVE | Mar 21, 2023 | Country Report
With the 5F vision (i.e., Farm to Fibre to Factory to Fashion to Foreign) of Shri Narendra Modiji, Hon’ble Prime Minister of India, the Government announced 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the Textile industry in Tamil Nadu,...
by DIGITAL MEDIA EXECUTIVE | Mar 18, 2023 | Business & Policy, Country Report
The PM Mitra massive textile park that would be built across Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat, Madhya Pradesh, and Uttar Pradesh was hailed by the Tiruppur Exporters Association. According to the Association President KM Subramanian in a news...
by DIGITAL MEDIA EXECUTIVE | Mar 17, 2023 | agriculture
The global farm tractors market is projected to reach a valuation of US$ 120 billion by 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. Farm tractors are generally used for a variety of farming operations, such as...
by DIGITAL MEDIA EXECUTIVE | Mar 4, 2023 | Business & Policy
In the next two years, it is anticipated that the Government of India’s production linked incentive (PLI) plans will increase hiring in all industries. According to TeamLease data, 60% of Indian businesses believe that the PLI sector will help with recruiting...
by DIGITAL MEDIA EXECUTIVE | Feb 4, 2023 | agriculture, Apparel, Fashion & Retail, Articles, Corporate Update, COTTON PRICE, Educationist / Academician, Industry Experts, Market Reports, News & Insights, PRICE REPORT, Product Report, Sustainability, Textile Articles, Trade Analysis
The manufacturing sector has surpassed its own benchmark by attracting investment of Rs.10 lakh crore which is way ahead of the Global Investors Summit. Through the summit, investments of Rs.21 lakh crore has been received by the government officials on Friday. The...