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India   Procedure for second hand textile machinery imports to be simplified Mr. E V K S Elangovan Union Minister of State for Textiles said Central Government is working out modalities to simplify procedures for importing second hand textile machinery. Abolition of quota system in textile industry created a boom in the industry a...more by Textile Intelligence Tuesday, 21st February 2006View more news from [ New Delhi ] [ India ] 26% growth in textile exports to US Textile exports to United States and Europe have registered a growth of 26 and 20 % respectively during the current year and the sector has Rs. 18,000 crore investment through various schemes of United Progressive Alliance Government said Mr. Shankarsinh...more by Textile Intelligence Monday, 20th February 2006View more news from [ Mumbai ] [ India ] Integrated textile park in Madhya Pradesh An integrated textile park is in the pipeline at Satlapur in Raisen district of Madhya Pradesh (MP) under the protection of Madhya Pradesh State Industrial Development Corporation (MPSIDC). The Corporation takes the example of Parks set up in Gujarat, Mah...more by Textile Intelligence Friday, 03rd February 2006View more news from [ Madhya Pradesh ] [ India ] NMCC to set up technology missions for textiles, leather and food processing Mr. V Krishnamurthy Chairman, National Manufacturing Competitiveness Council (NMCC) on 14th Jan 2006 said that Prime Minister Dr. Manmohan Singh has accepted the principle suggestion of the NMCC to set up technology missions for textiles...more by Textile Intelligence Monday, 16th January 2006View more news from [ Mumbai ] [ India ] Stringent regulations and excessive controls hit the textile industry- Indian PM The Prime Minister of India, Dr Manmohan Singh, on January 7th admitted that stringent domestic regulations and excessive controls have hampered the growth of the Indian textile industry, while inaugurating India Exposition Center in Noida....more by Textile Excellence Saturday, 14th January 2006View more news from [ Noida ] [ India ] Anti Dumping investigation against Chinse POY initiated The Designated Authority in the Commerce Ministry has initiated an anti-dumping investigation against import of polyester partially oriented yarn (POY) from China to determine the existence, degree and effect of alleged dumping of the subject goods origin...more by Textile Excellence Saturday, 14th January 2006View more news from [ New Delhi ] [ India ] Indian Cabinet clears implementation of South Asia Free Trade Agreement The Indian Cabinet today cleared the implementation of the South Asia Free Trade Area (SAFTA) with effect from 1st January 2006. Announcing this, Shri Kamal Nath, Union Minister of Commerce & Industry, said that the coming into force of SAFTA would be a...more by Textile Intelligence Friday, 30th December 2005View more news from [ Mumbai ] [ India ] Cabinet will discuss SAFTA today The Union Cabinet approves South Asian Free Trade Agreement (SAFTA), which is to come into effect from January 1, 2006 this will be held in a Cabinet meeting today, 29 December. The Cabinet may also take up the Hong Kong WTO ministerial declaration for th...more by Textile Intelligence Wednesday, 28th December 2005View more news from [ New Delhi ] [ India ] Andra Pradesh Govt. approves new Textile Policy For the first time in the history of the state, the Andhra Pradesh Cabinet approved the new Textile Policy on this Wednesday...more by Textile Intelligence Saturday, 10th December 2005View more news from [ Hyderabad ] [ India ] Govt proposes to set up Jute Technology Mission The Government admitted that there is a proposal to set up a jute Technology Mission (JTM). This will require an investment of Rs 355 crore. Regarding this, Union Textiles Minister of India Mr Shankar Singh Vaghela has informed Rajya Sabha, that the propo...more by Textile Excellence Thursday, 01st December 2005View more news from [ New Delhi ] [ India ] No withdrawal of Textiles Committee cess: Vaghela The Union Government is not in favour of withdrawing the Textile Committee cess as large amounts of cess are yet to be recovered, Shankarsinh Vaghela, Union Textiles Minister, said here on Wednesday. Addressing the annual Economic Editor's Conference or...more by Textile Excellence Thursday, 24th November 2005View more news from [ New Delhi ] [ India ] Indian PM in favour of SAARC museum Indian Prime Minister, Dr. Manmohan Singh today suggested the establishment of a ‘SAARC Museum of Textiles and Handicrafts’ in an effort to preserve South Asia’s exquisite culture....more by Textile Intelligence Saturday, 12th November 2005View more news from [ Dhaka ] [ India ] India: Government provides health cover to handloom workers Government has provided a diwali bonanza to around one million textile weavers and allied workers by launching a health insurance scheme....more by Textile Intelligence Saturday, 05th November 2005View more news from [ New Delhi ] [ India ] India: New AP Textile Policy will empower the industry To provide sustainable employment to weavers and workers in the textile, handloom, and powerloom sector, the Andhra Pradesh Cabinet on Wednesday November 2nd 2005, approved the new textile policy for the first time in the history of the State....more by Textile Intelligence Thursday, 03rd November 2005View more news from [ Hyderabad ] [ India ] RBI allows banks to issue L/C for ECB by textile units To enhance the credit flow in the textile industry, the Reserve Bank of India has allowed the banks to issue bank guarantees or standby letters of credit, in respect of external commercial borrowing (ECB) raised by textile companies....more by Textile Excellence Sunday, 30th October 2005View more news from [ New Delhi ] [ India ] India: Hi-Tech weaving parks to be ready in six months Three Hi-Tech shuttleless weaving plants in Tamil Nadu will be completed in six months, according to Minister of State for Handlooms and Textiles....more by Textile Intelligence Monday, 24th October 2005View more news from [ Chennai ] [ India ] Removal of differential tax Ending their traditional rivalry, composite textile mills and independent weavers in the unorganised sector are joining hands, thanks to the removal of the tax differential between them....more by Textile Intelligence Friday, 21st October 2005View more news from [ Mumbai ] [ India ] Dhaka Govt to lease mills to pvt. parties The government is seriously mulling lease of 19 state-owned textile mills that have taken Tk 5 billion credit from bank, to private parties to operate them on no-profit no-loss basis....more by Textile Excellence Tuesday, 18th October 2005View more news from [ Dhaka ] [ India ] Textiles Ministry to set up 25 textile parks in two years The Union Cabinet has approved the Textile Ministry`s proposal to set up 25 textile parks in two years. According to sources, IL&FS would be the nodal agency, which would facilitate the whole course of action....more by Textile Excellence Tuesday, 18th October 2005View more news from [ New Delhi ] [ India ] Govt funding cleared for Textile sector During the April-September period this year, the Government of India cleared projects worth Rs 96,000 crore from power, steel, coal and textiles sector, an official spokesperson informed the media....more by Textile Excellence Monday, 17th October 2005View more news from [ New Delhi ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report. Raw material (fiber intermediates) prices in the short term will remain marginally high...more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] India: High excise duty & raw material costs to squeeze MMF producer margins Manmade fiber producers may face squeeze in their margins due to high excise duty and rising raw material cost in the current financial year, indicates an ICRA report....more by Textile Excellence Monday, 17th October 2005View more news from [ Mumbai ] [ India ] Runaway success of Textile IPO's The runaway success of IPOs by frontline textile firms like Provogue has seen a slew of medium and small sized textile firms rushing to the capital market to raise funds to finance their expansion-cum-modernisation designs....more by Textile Excellence Sunday, 09th October 2005View more news from [ Mumbai ] [ India ] Indo Rama`s Butibori plant resuming normalcy. The standoff following shooting incident at the Butibori plant of Indo Rama Synthetics on 24th Sept forced the company to close its operation....more by Textile Excellence Friday, 30th September 2005View more news from [ Mumbai ] [ India ] Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram Indian Merchants' Chamber has welcomed the presentation of an 'Outcome Budget' by the Union Finance Minister, Mr P.Chidambaram. Mr Kapadia welcomed announcement of outlays of Rs.8,800 crore for National Highways, Rs.6,163 crore for enhancing the refiner...more by Textile Excellence Tuesday, 30th August 2005View more news from [ Mumbai ] [ India ] JCI to carry out commercial trading of Jute The textiles ministry has allowed jute Corporation of India (JCI) for commercial buying and selling of the commodity....more by Textile Intelligence Thursday, 04th August 2005View more news from [ New Delhi ] [ India ] Govt set guidelines for the Scheme for Integrated Textile Parks Indian Govt. has set out the guidelines for the 'Scheme for Integrated textile parks (SITP)', aimed at establishing 25 new textile parks...more by Textile Intelligence Thursday, 04th August 2005View more news from [ New Delhi ] [ India ] 20% Capital subsidy extended to textile accessories manufacturers The textile ministry has decided to extend the facility of 20 per cent capital subsidy provided for textile machinery...more by Textile Intelligence Wednesday, 03rd August 2005View more news from [ Mumbai ] [ India ] Indian Govt to set up 25 Apparel Park Govt. of Textileintelligence.com/news/index.php?ns=India" target="_blank" title="Click to see all the articles,category wise, having the word 'India' in the Headlines or Body.">India has unveiled plans to set up 25 large Textile parks to boost exports and meet its targets. "The cabinet has approved the setting up of 25 integrated Textile parks...more by TextileIntelligence Monday, 25th July 2005View more news from [ New Delhi ] [ India ] Easy norms for release of capital subsidy for textile parks proposed Indian Government has proposed to release the subsidy to these textile parks almost along with the funds sanctioned by the banks financing such projects, according to...more by TextileIntelligence Tuesday, 12th July 2005View more news from [ Coimbatore ] [ India ] India: MP all set for textile boom AT LEAST four major industrial groups of the country have recently committed huge investments either through fresh projects or expansion of the existing facility near Bhopal and Indore. In all, an investment of Rs 2500 crore is likely to materialise in te...more by Textile Intelligence Monday, 27th June 2005View more news from [ Bhopal ] [ India ] India: Textile ministry to merge two key textile schemes to accelerate development The Ministry of Textiles is planning to merge two existing infrastructure development schemes viz., Textile Centres Infrastructure Development Scheme (TCIDS) and Apparel Parks for Export (APE) Scheme to enhance overall development of production facilities...more by Textile Intelligence Monday, 06th June 2005View more news from [ New Delhi ] [ India ] India: Exporters highlight their problems to Mr Vaghela The Textile Minister, Mr Shankarsinh Vaghela, on Wednesday, 25th May convened a meeting of textile Exporters and charimens of various textile export promotion councils, including cotton, apparel, carpet, jute and handicrafts, in order to get a grasp of th...more by Textile Intelligence Wednesday, 25th May 2005View more news from [ New Delhi ] [ India ] INDIA: Silk Mark vouches for the genuineness of the silk In a confidence-building measure, the silk Mark Organistaion of India (SMOI), sponsored by the Central silk Board under the Union Ministry of Textiles, has introduced a silk Mark that vouches for the genuineness of the silk....more by Textile Intelligence Thursday, 12th May 2005View more news from [ Hyderabad ] [ India ] Mr Vaghela updates Rajya Sabha on Indian Textiles Exports performance Shri Shankersinh Vaghela, Minister of Textiles informed the Rajya Sabha on April 28th 2005 about Indian Textiles current performance globally and also its position vis- a- vis China post quota....more by Textile Intelligence Saturday, 30th April 2005View more news from [ New Delhi ] [ India ] India: Report on transition from DEPB to duty Drawback this week Government is willing to come up with a WTO compatible Duty Drawback scheme in regard to which the Minister of State for Commerce and Industry has informed the Rajya Sabha that a three member committee has been set up with Mr Saumitra Chaudhari as the Cha...more by Textile Intelligence Thursday, 21st April 2005View more news from [ New Delhi ] [ India ] India: Textile processing sector to get 10% capital subsidy with 5% interest subsidy Cabinet Committee on Economic Affairs has in a major decision provided the Processing sector 10 per cent capital subsidy and 5 per cent interest subsidy....more by Textile Intelligence Wednesday, 20th April 2005View more news from [ New Delhi ] [ India ] India: DGAD slaps antidumping duties on NBR imports from EU, Mexico & Brazil Directorate General of Andti Dumping has recommended an anti dumping duty on imports of acrylonitrile Butadiene Rubber(NBR) from EU except from Germany, Brazil and Mexico....more by Textile Intelligence Sunday, 10th April 2005View more news from [ New Delhi ] [ India ] INDIA: Maneka Gandhi calls for boycott of Australian wool Member of Parliament and animal rights activist Ms Maneka Gandhi has shot-off a letter to 250 Indian companies asking them to stop using Australian wool...more by Textile Intelligence Sunday, 06th February 2005View more news from [ New Delhi ] [ India ] India: Silk Trading Goes Online India’s Minister of Textiles, Mr. Shankersinh Vaghela, launched online trading in Cocoon and Raw Silk in Mumbai today. This online trading would bring substantial benefit to the traders and manufacturers of silk and silk products as it would introduce sev...more by TextileIntelligence Friday, 21st January 2005View more news from [ Mumbai ] [ India ] India: Duty free import of textile R&D equipments up to 25 per cent of the F.O.B value ensured Similar to Pharmaceutical and biotechnology sectors Centre has decided to extend the scheme of duty free import of R& D equipments up to 25 per cent of the F.O.B. value of exports to the textiles industry...more by Textile Intelligence Wednesday, 19th January 2005View more news from [ New Delhi ] [ India ] EU and India agreed to boost trade in Textile and other areas India and the EU have agreed to find areas of common interest in the ongoing trade negotiations in the WTO and to work for the progress of the Doha Round. This was indicated during the bilateral discussions with visiting Trade Commissioner Peter Mandelso...more by TextileIntelligence Friday, 14th January 2005View more news from [ New Delhi ] [ India ] India: Tax Holiday under section 10B of Income Tax Act extended to units in DTA & converted to 100% EOU Commerce Ministry has clarified that factories set up in the Domestic Tariff Area (DTA) which later converted to 100 percent EOU would qualify for availing benefits under section 10 B of the Income Tax Act...more by TextileIntelligence Friday, 14th January 2005View more news from [ New Delhi ] [ India ] Bangladesh’s consent to FDI in textiles attracts five Indian textile majors The good news of the end of textile export quotas has now become even better, thanks to Bangladesh’s new policy to allow Foreign Direct Investment (FDI) in the coutnry’s textile sector......more by Textile Excellence Monday, 03rd January 2005View more news from [ Mumbai ] [ India ] INDIA: Revised DEPB rates to boost textile exports post MFA In a major boost to the export efforts of the textile trade Post MFA, government has enhanced/revised the Duty-Entitlement Pass Book (DEPB) rates for textile products....more by Textile Excellence Friday, 31st December 2004View more news from [ New Delhi ] [ India ] India: Illegal Bt Cotton seized in a Vadodara mill raid A team of state agriculture officers from Vadodara raided a mill and have seized......more by Textile Excellence Monday, 20th December 2004View more news from [ Gujarat ] [ India ] India: Premkumar replaces Habibullah as the new Textiles Secretary In a recent administrative restructuring, IAS officer Mr. R. M. Premkumar...