by TEXTILE VALUE CHAIN | May 26, 2020 | Industry And Cluster, News & Insights
The Reserve Bank of India’s extension of moratorium by another three months to August 31 and the likelihood of businesses remaining crippled for months is raising the possibility of thousands of crores worth loans being restructured. However, the absence of relaxation...
by TEXTILE VALUE CHAIN | May 25, 2020 | Industry And Cluster, News & Insights
Congress leader contradict the statement of ₹ 20 lakh crore package The actual quantum of the Atmanirbhar stimulus package announced by the government is not ₹20 lakh crore or 10% of the country’s GDP as claimed by Prime Minister Narendra Modi but merely ₹3.22 lakh...
by TEXTILE VALUE CHAIN | May 25, 2020 | Industry And Cluster, News & Insights
In order to protect the rights of lakhs of migrant labourers returning to UP from different corners of the country during the lockdown, UP chief Minister Yogi Adityanath announced the formation of a ‘Migration Commission’ in the state in near future. The CM made the...
by TEXTILE VALUE CHAIN | May 15, 2020 | Industry And Cluster, News & Insights
The Hon’ble Prime Minister of India, Shri Narendra Modi on Tuesday, unveiled a 20-lakh-crore stimulus package to not only revive the Indian Economy badly wrecked by COVID-19 Pandemic but converting the crisis into an opportunity to make India Atmanirbhar in all...
by TEXTILE VALUE CHAIN | May 15, 2020 | Industry And Cluster, News & Insights
There can be as much as 1 crore people to be affected by the job cuts, in the textile industry, which is severely hit by the lockdown, if no support packages and relief is provided from the government, according to CMAI. Around 80% of the garment industry is mostly...
by TEXTILE VALUE CHAIN | May 13, 2020 | Industry And Cluster, News & Insights
Smriti Irani said to Textile Industry to change their focus not to depend on the govt. financial packages as its finances already under strain due to Covid-19. “Now, it is time for a new direction and new thinking. The industry has the capability. If they...
by TEXTILE VALUE CHAIN | May 9, 2020 | Industry And Cluster, News & Insights
The Confederation of Indian Industry (CII) on Friday said the effect of a drawn out lockdown on the economy is extreme and requested an upgrade bundle of Rs 15 lakh crore, generously reconsidering its prior evaluations of Rs 4.5 lakh crore. CII president Vikram...
