Meanwhile, the government has issued general guidelines for enabling of academic institutes in technical textiles education in India for private and public institutes.
"Similarly, Vietnam also has a duty-free free trade agreement with the European Union, due to which it gets benefited. While doing trade with European Union, our garments for exports get taxed 9-10 per cent," the minister said. He added because of this, Bangladesh and Vietnam get the bene
Australia's zero import duty access to India, which was earlier 5 per cent, will provide a level-playing field with exports from China, Vietnam and Bangladesh, the Ratings agency said on Thursday.
Countries such as China, Bangladesh, Vietnam, Germany, Italy, Turkey, Spain and India dominate the export market, with China accounting for a lion's share of 33 per cent of the total exports backed by high labour productivity along with economies of scale.
A two-day meeting should be organised to discuss new ideas on strengthening the textile sector, the Union minister of textiles, consumer affairs, food and public distribution, and commerce and industry said during a video conference.
Beijing [China], July 15 (ANI): Domestic slump, combined with the decline in exports, as well as the US ban has put China's once booming textile industry in trouble.
New Delhi [India] April 18 (ANI/PNN): The Home Textile Exporters Welfare Association (HEWA) claimed in a statement that India's annual textile export in the fiscal year 2023 is anticipated to reach USD 60 billion, with the government fully exempting imports of cotton from customs duties till
New Delhi [India], April 14 (ANI): The Central government has waived off all customs duties on cotton imports till September 30, 2022, to boost the textile exports.
New Delhi [India], April 13 (ANI): Union Commerce and Industry Minister Piyush Goyal has said that new economic cooperation and trade agreements with Australia and UAE would open infinite opportunities for sectors such as textiles, handloom, footwear.
Mumbai (Maharashtra) [India], September 10 (ANI/NewsVoir): The Union Cabinet headed by Prime Minister Narendra Modi recently approved the Production Linked Incentive (PLI) scheme for notified products of man-made fibre apparel and 10 segments of technical textiles with a financial outlay
New Delhi [India], September 3 (ANI): During an interaction with leaders of the textile industry, Union Minister for Commerce and Industry Piyush Goyal said on Friday that the nation must aim to increase textile exports three times from the present value of 33 billion dollars to 100 billi