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Related Keywords: Buniyad machines, Central silk board, CSB, current fiscal, development of Silk Industry, earmarked a budget of Rs6.3 crore, Odisha state, sericulture, State urged to send more proposals, tasar farming, under Central Sponsored Schemes

The Central Silk Board (CSB) has earmarked a budget of Rs6.3 crore for the development of silk industry in Odisha State in the current fiscal. They have already sanctioned Rs94 lakh and asked the State to send them more proposals under the Central Sponsored Schemes (CSS), said chairman of CSB KM Hanumantharayappa.

As promised by Union Minister for Textile and Information and Broadcasting Smriti Irani during International Women’s Day last year to replace thigh reeling, Hanumantharayappa said that Odisha has so far been provided 106 Buniyad machines.

Related Keywords: attract potential investors, current fiscal, India EU free trade agreement, labour intensive sector, lower than the initial target, National Textiles Policy, road shows, set to USD forty five billion, special package for the knitwear industry, stiff competition, Textile and clothing export target, Textile Ministry, zero duty access

The country’s textile and clothing export target is set to $45 billion for the current fiscal, lower than the initial target of $48.5 billion set for the previous fiscal which was missed by a huge margin. Nevertheless the target for 2017-18 represent a 17 percent rise from the actual level of $38.6 billion in 2016-17, according to provisional official estimates.

Related Keywords: cotton crop, current fiscal, demand for cotton, especially by mills, farmers, fetch relatively higher prices, higher output, increase acreage under cotton, International cotton advisory committee, rising and result in consistent fall in year-end stocks of cotton, sustain remuneration levels

With cotton crop able to fetch relatively higher prices in 2016-17 and is expected to sustain remuneration levels in the current fiscal as demand for cotton, especially by mills, is also rising and is likely to result in a consistent fall in year-end stocks of cotton, according to the International Cotton Advisory Committee (ICAC). Farmers are likely to increase acreage under cotton, resulting in higher output going forward.

Related Keywords: current fiscal, exploring new markets, falling share of China in textile exports, FTAs, India positive on achieving export mark, meeting of industry body Texprocil, new textile policy, Rashmi Verma, readu to capitalize, Secretary, special package announced to boost exports, taking elaborate marketing plan, Textile, USD fifty billion

With the government announcing a special Rs.6,000 crore package and taking elaborate marketing plans to boost exports. Textile Secretary Rashmi Verma speaking on the sidelines of a meeting of industry body Texprocil held in Mumbai said that they are hopeful of achieving $50 billion mark in exports in the current fiscal as compared to $38 billion exports last year.

The Union Cabinet last week approved special package for the sector with an aim to create one crore new jobs in three years and attract investments of $11 billion while eyeing additional $30 billion in exports.

Related Keywords: a mega trade show, CMAI is organizing The National Garment Fair, current fiscal, expected to reach to USD twenty billion, helped by new initiatives announced by the government, inclusion of state-level taxes in the computation of duty drawback, Indian garment export, major relief to the exporting segment, special package

Garment export of India estimated at $16.80 billion now, expected to reach to $20 billion (nearly Rs 1.33 lakh crore) during the current fiscal, helped by the new initiatives announced by the government for the sector, an industry official said.

The Union Cabinet last week approved a Rs 6,000 crore special package for textiles and apparel sector with an aim to create one crore new jobs in three years and attract investments of $11 billion with an eye on $30 billion in exports.

Related Keywords: AEPC, BTIA, compared to set target, current fiscal, economic slowdown, Indian apparel exports, just cross $seventeen billion, key markets, out bound shipment, over ninety percent, remained lower than expected

India’s apparel exports may just about cross $17 billion in 2015-16, just over 90 percent of its garement export target in the current fiscal compared with the target of $18.73 billion for the fiscal, despite the sector putting up a better show than textiles and mancy other merchandise segemtns, as outbound shipments to key markets like the US and Europe remained lower than expected due to an economic slowdown, sources said on Wednesday.

Related Keywords: against letter of credit, Bangladesh government, current fiscal, decision to give permission, ensure jute bags used in packaging of various goods, export raw jute, forty one organizations, indefinite ban was imposed, India and Pakistan main importers, low yield of jute, production is likely to drop, special measure, Textile and jute ministry

The Bangladesh government has taken decision to give permission to 41 organization to export 277,000 bales of raw jute against the 251 letters of credit issued before Nov 3 last year as a special measure, this was informed by Saikat Chandra Halder, PRO of the textile and jute ministry on Wednesday.

The government on Dec 3 last year banned the export of raw jute for an indefinite period to ensure that jute bags were used in the packaging of various goods. Following appeals from jute exporters, permission has been granted to 41 organisations to export raw jute.