by TEXTILE VALUE CHAIN | Apr 13, 2024 | Business & Policy, News & Insights
The Ministry of Commerce in India is gearing up to seek an additional five-year extension of the Interest Equalisation Scheme on pre- and post-shipment rupee export credit to bolster the country’s exports, as revealed by an official statement. The current...
by DIGITAL MEDIA EXECUTIVE | May 29, 2023 | Fibres and Yarns
Office holders of several groups stated during a press conference in the city on Monday that owners have opted to operate their units at 50% capacity with immediate effect to highlight the problems faced by spinning mills. The Open End Spinning Mills Association...
by DIGITAL MEDIA EXECUTIVE | May 26, 2023 | Trade Analysis
Exporters have urged the government to allow small businesses availing themselves of the amnesty scheme to pay liabilities in instalments over a period of time instead of making the entire payment by September 30. The amnesty scheme is aimed at the one-time settlement...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | apparel
The State government is supporting numerous ambitious projects, which will result in a significant boom for Sircilla’s garment industry and related sectors. The most notable of them is an apparel manufacturing facility being built by Bengaluru-based Texport, a...
by DIGITAL MEDIA EXECUTIVE | May 22, 2023 | In-Depth Analysis
The amnesty programme for traders who violated their export obligations under the Advance and EPCG authorisation scheme has been put into effect by the finance ministry. According to the amnesty programme, which was published in the Foreign Trade Policy on March 31,...
by DIGITAL MEDIA EXECUTIVE | May 20, 2023 | Import/Export
The additional 2,500 crore requested by the commerce ministry is intended to pay off arrears associated with its interest rate equalisation programme, which seeks to reduce exporters’ stress by making up a portion of the interest they pay on loans. The action...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Textile Articles
The RPM requirement for weaving machine exemption from Basic Custom Duty (BCD) has drawn criticism from organisations in the Indian textile sector. The exemption was extended by the Indian ministry of finance for an additional two years, from April 1, 2023, to March...
by DIGITAL MEDIA EXECUTIVE | May 9, 2023 | News & Insights
According to reports, the government is considering lowering the eligibility requirements for the Production Linked Incentive (PLI) plan for textiles in order to increase the number of participants who are eligible for benefits and ensure that the monies provided for...
by DIGITAL MEDIA EXECUTIVE | May 8, 2023 | News & Insights
The Supreme Court has confirmed the legality of the pre-import restriction imposed by advance authorizations, as was to be expected. Many exporters have now voiced concerns about the future course of action. Here, I deal with a few of them.The Supreme Court determined...
by DIGITAL MEDIA EXECUTIVE | May 4, 2023 | Business & Policy
India’s recently announced Foreign Trade Policy (FTP 2023), which went into effect on April 1 of this year, is evidence of the country’s policymakers’ forward-thinking and practical outlook. The initiative, which was started with the goal of reaching...
by DIGITAL MEDIA EXECUTIVE | May 3, 2023 | News & Insights, Textile Industry
Through the Gati Shakti-National Master Plan, the government intends to map startup incubators, recipients of production-linked incentive (PLI) schemes, mega integrated textile region and apparel (MITRA) parks, and fair price shops across the nation. According to...
by DIGITAL MEDIA EXECUTIVE | Apr 25, 2023 | Interviews
1. How do I know if my products require BIS certification (IS) or BIS registration (CRS)? Clarification :-. One can check the list of BIS-required products. One can also visit the Bureau of Indian Standards (BIS) website for an latest overview of products...
