Prime Minister Mohammadmian Soomro has praised the services of businessmen and industrialists to the national economy and said the caretaker government would take necessary measures to solve their problems on top priority basis.
He was addressing the First Export Merit Trophy Award ceremony of the Pakistan Textile Exporters Association (PTEA) here on Wednesday. He said that […]
The High Level Committee on Manufacturing (HLCM) under the Chairmanship of the Prime Minister, while considering the Action Plan of the Ministry of Textiles for the growth of textile industry, inter alia, decided that the Ministry of Finance, in consultation with the Ministry of Textiles and the National Manufacturing Competitiveness Council (NMCC), would expeditiously consider […]
There has been a remarkable reversal of fortunes for the Indian textile industry less than three years after it was liberated from the quota-based curbs on exports to the US and the European markets because of the relentless rise in the exchange value of the Indian rupee vis-À-vis the dollar.
The rupee has appreciated about 12 […]
Falling textile exports are unlikely to have long-term impact as the Government has projected a textile industry growth of 16 per cent in value terms to touch USD 115 billion in the 11th Five-Year Plan (2007-12).
“We expect the textile industry growth will accelerate to 16 per cent in value terms and the market size of […]
The woes of the Indian textile industry caused by fast eroding competitiveness in the face of a rapidly appreciating rupee have reached the Prime Minister who has reportedly assured appropriate measures to reverse the decline and ensure the industry’s sustained growth.
Apprising Dr Manmohan Singh of the basic feature of the industry — low import intensity […]
Textile exports require fresh subsidy injections, and the over Rs 24 billion put in as R & D subsidies are not enough to enhance dwindling exports, caretaker Minister for Commerce and Textile, Shahzada Alam Manoo, said Tuesday during his first interaction with the media.
The textile sector is currently exporting at a loss, because the “world […]
The net profit of top ten textile companies including Nahar Spinning Mills, Gokaldas, Raymonds, RSWM, Welspun, DSCL Shriram, has declined by average 32% in the quarter ending on September this year
While rising value of rupee against dollar has sent small textile companies into losses, big brands are striving with high interest, raw material and labour […]
Textile industry leaders have once again urged Prime Minister Manmohan Singh to refund state level levies amounting to 6% to textile and clothing exporters to mitigate the decline in exports due to rupee appreciation against the dollar. They have also demanded duty free scrips at suitable rates.The rupee has appreciated by about 17% vis-à-vis dollar […]
The textile industry, under pressure to meet export targets due to rupee’s appreciation against the dollar, could expect some relief measures from the government shortly, a top official said on Friday.
“The Finance Minister (P Chidambaram) had recently met all the export associations and councils of the textile sector and we can hope to get some […]
The textile industry, under pressure to meet export targets due to rupee’s appreciation against the dollar, could expect some relief measures from the government shortly, a top official said on Friday.
“The Finance Minister (P Chidambaram) had recently met all the export associations and councils of the textile sector and we can hope to get some […]
The demand of the textile industry regarding sops and incentives could get favourable consideration shortly. A note from the secretary of finance, containing the size of the relief package, is already with the government awaiting approval.
A K Singh, secretary textiles, said, “Something more is coming and it is coming very soon.” He added that it […]
Japan’s New Energy and Industrial Technology Development Organization (NEDO) has agreed to assist Indonesia with energy and water conservation in the textile sector.
Under an agreement signed Wednesday, NEDO will finance about 95 percent of a Rp 62.8 billion (US$6.69 million) pilot project to improve greater energy and water efficiency in the textile dyeing and finishing […]