by DIGITAL MEDIA EXECUTIVE | Apr 24, 2023 | Country Report
The Covid-19 outbreak exposed the weaknesses in our supply networks and the scarcity of necessary goods. It re-emphasized the necessity of the Atma Nirbhar Bharat initiative, and rightfully so.Awakening the ‘Make in India’ dream once more. But there is...
by DIGITAL MEDIA EXECUTIVE | Apr 24, 2023 | Environment/Ecosystem
Strategies to shift from decades of reliance on imported fossil fuels to less expensive, cleaner domestic energy sources are part of the net zero growth plan (NZGP). New nuclear reactors, renewable energy sources including solar and wind, hydrogen, and carbon capture,...
by DIGITAL MEDIA EXECUTIVE | Apr 4, 2023 | Textile Articles
The majority of industry and trade associations have given their approval to the Foreign Trade Policy (FTP) 2023, which the Indian government published on Friday. These organisations claim that the strategy will strengthen the nation’s economy in the face of new...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Business & Policy, Finance & Economy
The $2 trillion export goal set for 2030 and adopted by FTP 2023 includes $1 trillion in exports of goods and $1 trillion in exports of services. The $2 trillion goal looks challenging but not insurmountable when compared to the combined goods and services export...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Business & Policy
The government revealed its new foreign trade policy (FTP) for 2023 on Friday, sticking to its goal of $2 trillion in goods and service exports for 2030 while moving away from incentives and towards a system based on remissions and entitlements. The policy includes...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Import/Export
The Plastics Export Promotion Council (Plexconcil) has hailed the Foreign Trade Policy (FTP) 2023 as “forward looking and dynamic”. “The policy is duration free in the sense that there is no end date to the FTP so that the Government of India can respond dynamically...
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 | Apr 1, 2023 | Corporate Update
The Union Budget 2023-24 had increased the Basic Customs Duty (BCD) on all textile machinery, spares and accessories from 5% to 7.5% to be effective from 1st April 2023 to till 31st March 2025. The industry had earlier submitted the pre-budget memorandum demanding to...
by DIGITAL MEDIA EXECUTIVE | Mar 31, 2023 | Textile Articles
Recently the Government of India announced PM Mitra Mega Textile Parks across seven states in India. With the establishment of these parks, the government seeks to streamline the textile value chain into one ecosystem. Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Jute Industry
Synopsis The jute sector plays a crucial role in the Indian economy, particularly in Eastern India, by providing direct and indirect employment opportunities and generating export revenue. India is the world’s largest producer of jute, which is also known as...
by DIGITAL MEDIA EXECUTIVE | Mar 30, 2023 | Traditional Textiles
Rajasthan Budget, announced on 10 February, 2023 presented answers to the expectations of the state for the coming financial year 2023-24. Many announcements have been made for benefit, development and upgradation of Handloom and Handicraft sector including the...
by DIGITAL MEDIA EXECUTIVE | Mar 27, 2023 | Business & Policy
“The future industrial parks in Howrah will draw close to Rs 4,450 crore, and it’s also expected that another Rs 6,750 crore would be invested in industries and entrepreneurial sectors throughout the district. Hence, a sum of Rs 11,200 crore is expected to...
