Showing posts with label Boost textile industry. Show all posts
Showing posts with label Boost textile industry. Show all posts

Saturday, 29 October 2016

Textile Ministry Supports Free Trade Agreement with EU

India Free Trade Agreement with EU

The Indian textile ministry sees the Free Trade Agreement (FTA) with the European Union (EU) as one of the most promising measures to boost exports. It is for this reason that it is in talks with the Commerce Ministry to urge the closing of this agreement. It is speculated that once the FTA is implemented, it will help increase the export of fabrics ,garments as well as Home textiles and will help in dealing with the increasing competition with Bangladesh & China. This, teamed with China’s downtrend in export growth will help India regain or improve its original position in the arena of textile exports.

Monday, 1 August 2016

Guide To Increase Profit Margins in Textile Industry

All businesses, whether big or small, are always on the lookout for ways to increase their profit margins. This especially holds true in case of manufacturers, for the simple reason that when the magnitude of the stock is greater, even a slight increase in the margins can prove to be substantially profitable. This holds true for the textile industry as well.

Wednesday, 6 July 2016

Government Brings in Labour Reforms via 6,000cr Textile Package

In a recent turn of events, the Union Cabinet has introduced certain changes in the labour laws of the nation, and has approved a significantly humongous package of Rs. 6,000 crore for the textile and apparel segment, in this effect.

Friday, 23 October 2015

Repo Rate Cut Welcomed By Textile Industry

Repo rate cut by RBI

To begin with, Repo Rate is precisely the rate at which the Central Bank of the country lends money to all commercial banks during the event of shortage of funds.

In a recent financial move the RBI Governor, Dr. Raghuram Rajan announced a cutback on the current repo rate from 7.25 percent to 6.75 percent, which was brought into effect immediately on 29th September, 2015. This repo rate deduction of 50 basis points has been more than welcomed by the textile industry of the country, simply for the reason that this cut will majorly benefit capital-intensive industries.

Thursday, 17 September 2015

Tamil Nadu announces Schemes to boost textile Industry

Indian Textile Industry

It was only this month that the Tamil Nadu State Government announced various schemes to boost the state’s textile industry. In fact, the Chief Minister of the State, Ms Jayalalitha also waved a green flag for the setting up of a panel which is assumed to aid integrated development of this sector.