For the labour-intensive textile sector, Finance Minister Nirmala Sitharaman proposed an integrated programme with key components. The Minister emphasised that the first pillar of her plan, the National Fibre Scheme, is aimed at "achieving self-reliance in natural fibres like silk, wool,
Tamil Nadu Chief Minister MK Stalin on Saturday expressed concern about the 50 per cent tariffs announced by the US on India, stating that this will hit the state harder than most states as their exports are deeply tied to the US market.
In its submission to the central government, it requested a uniform GST of 5 per cent across the entire man-made fibres (MMF) value chain, which largely comprises fibre, yarn and fabric.
Mumbai (Maharashtra) [India], Jan 27 (ANI): India Ratings and Research (Ind-Ra) expects cotton prices to soften till March due to better yield leading to higher productivity of cotton in the current season.