Jun '08
In order to give a further boost to the industry, the Government has started providing a slew of incentives such as tax free import of raw materials and easy availability of loans to cover their cost of production.
These motivating factors would not only make the sector more competitive in the international market but will also ensure a consistent flow of foreign revenues into the domestic market.
Revenues from the sector have been low despite a steady growth, but the Government is optimistic that by 2010, the textile and garment industry will be in a position to secure US $500 million against $12.6 million obtained last year.
Market study has shown that the present system of production and the existing manpower is quite self-sustaining. However, the fault lies with the producers who fail to seize the many opportunities available in various countries.
Must ReadView All
Textiles | On 16th Oct 2018
Tajik textile-apparel exports rise 30% in Jan-Aug 2018
Tajikistan’s production of textile and apparel rose by 30 per cent in ...
Apparel/Garments | On 16th Oct 2018
Good On You aims to give consumers access to brand info
Australia based Good On You, an app that provides ratings of over...
Textiles | On 16th Oct 2018
Rieter launches new ring and compact spinning machines
Rieter has launched G 37 and G 38, the new ring spinning machines,...
Interviews View All
Sunil Kumar Sharma
Loknayak JPNSSSG Ltd
'The blend of cotton–linen yarn has high demand in the domestic and...
Rahul Bhadani
Looksgud
Navigating through catalogues is a bit hasslesome
Top executives
Textile industry, India
The event should be organised every year
Mumbai-based Corporate Collars provides bespoke tailoring services for...
<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...
Siddhachakra Weaving (Badiya Fashion)
Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...
Mark Brill
Birmingham City University (BCU)
<div>A technological breakthrough could see people getting messages about...
Matthew Kolmes
Supreme Corporation
Supreme Corporation manufactures innovative specialty yarns and safety...
Giorgio Mantovani
Corman S.p.A
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Pranav Mishra
Huemn
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
Wendell Rodricks
Wendell Rodricks
"We should not compare India and the West. There are things we do that...
Chandani Sahi
By Chandani
By Chandani is a womenswear prêt couture brand with fusion silhouettes by...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
