YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

To double the import duty on over 50 textile products which aims at promoting domestic manufacturing is Government's latest action

Related Keywords: 50 textile products like jackets, cotton yarn, domestic manufacturing, dresses, fabric and made-up articles, Indian textile manufacturing, suits and baby garments, suits and carpets, textile readymade garments, textile sector, textile yarn, The Central Board of indirect Taxes and Custom, trousers, woven fabrics

Imports of textile yarn, fabric and made-up articles grew by 8.58% to $168.64 million in June. Though, exports of cotton yarn, fabrics and made-ups grew by 24% to $986.2 million. Exports of man-made yarn, fabrics and made-ups grew 8.45% to $403.4 million.

Exports of all textile readymade garments sinked by 12.3% to $13.5 billion.

Kutch textile mega cluster to focus on handlooms, Surat on powerloom

Related Keywords: domestic manufacturing, generate employment, handloom and handicraft, Kutch, Ministry of textile, powerloom, Surat, Textile mega cluster

Finance minister Arun Jaitley in the Budget had announced setting up of eight textile mega clusters that including one each in Surat and Kutch with an initial investment of Rs 200 crore. The upcoming mega textile cluster in Kutch to focus completely on handloom and handicrafts while Surat textile mega cluster will focus on powerlooms, said textile commission Kiran Soni Gupta during her one-day visit to the city.
 

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button