SGCCI shared their proposals at a meeting with the Ministry of Textiles and included policies on FDI, PLI schemes, R&D collaboration and GST rationalisation in an effort to reduce reliance on imports.
Business News
-
-
Value apparel retailers outperformed premium apparel brands in FY '25, propelled by demand in Tier-3 and 4 cities and accelerated growth of private label sales. Meanwhile, slow spending in urban markets and an aggressive pace of store growth expansion helped widen the gap.
-
Jabalpur's Powerloom Service Centre, which was once an important support service for the textile industry, has been closed for several years. Its closure affects more than 1,300 active garment and powerloom units in the city.
-
Ex-Presidents of the Chamber of Industries met CM Yogi in Gorakhpur to seek support for the beleaguered garment manufacturing sector. They also asked that school uniforms be purchased from local units and supported faster development of the industrial infrastructure.
-
The reasoning behind charging an additional fee on top of the regular per-unit pricing was questioned by weaving societies. The lack of adequate infrastructure for putting time-based billing into practice was another point of criticism.
-
In a bid to tackle the challenges posed by chemical fibres, the South Korea-based company, Taekwang Industry has introduced its eco-friendly nylon yarn, ACECOOL-BIO
