Increase in duty will discourage cheap import of textile products: Irani
The Dollar Business Bureau Textiles Minister Smriti Zubin Irani said on Tuesday that the hike in customs duty on silk and manmade fibre, announced in the Budget, will discourage cheap imports of textile products from China and benefit the local manufacturers. “Increase in customs duty on silk and manmade fibre will discourage cheap Chinese textile products from flooding the market and benefit domestic manufacturers in the power loom sector,” Irani said while addressing media in New Delhi on Budget allocation for the Ministry. On reduction of corporate tax to 25% from 30% announced in the Budget, the Minister said that reclassification of micro, medium and small enterprises (MSMEs) and reduction in tax by 5% of enterprises having turnover up to Rs.250 crore will ...
Indias textile market to reach $250 bn in 2 years: ASSOCHAM study
The Dollar Business Bureau India’s textiles market is likely to reach $250 billion in the coming two years from the present level of $150 billion, according to a study. “The market size of India’s textile market is expected to touch $250 billion in the next two years from the current level of $150 billion,” said a joint study conducted by ASSOCHAM-Resurgent on ‘Women in Textiles & Handicrafts Industry'. “The textile sector in India makes up for about 10% of the manufacturing production, 5% of the country’s GDP and 13% of its exports earnings,” the study said. The study observed that the textiles and apparel sector is the 2nd biggest employment provider with around 51 million people directly and more than 68 million people indirectly ...
Govt. to modify stall allotment policy at Dilli Haat in two weeks: Smriti Zubin Irani
The Dollar Business Bureau The government is working towards the welfare of the artisans belonging to handicraft clusters and will modify the stall allotment policy at Dilli Haat next week, said Union Textiles Minister Smriti Zubin Irani while inaugurating the fortnight-long Exhibition cum sale of Handicrafts developed by Artisans of Clusters, “Cluster Creation 2016”. Irani also announced that the allotment of stalls will be made only for artisans belonging to handicraft clusters, in order to ensure that allotment is made for genuine artisans. She also shed light on the fact that arrangements for lodging and boarding would be provided to artisans coming from outside Delhi, as opposed to the cash rebate they are given at the moment. Artisans who are too poor and ...
Govt. on exports, e-commerce to promote handicraft
Strengthening marketing linkages through various options including exports and e-commerce is a major component of the governments new programme The Dollar Business Bureau Textiles Minister Santosh Gangwar on Friday held a meeting with a parliamentary consultative committee at NIFT, Hyderabad and discussed various issues concerned with the handicraft industry. The government has launched a comprehensive national handicraft development programme to ensure skill upgradation for artisans and strengthen marketing linkages through exports, direct sales and e-commerce. Textiles Minister Santosh Gangwar on Friday held a meeting with a parliamentary consultative committee at NIFT, Hyderabad and discussed various issues concerned with the handicraft industry. A comprehensive National Handicraft Development Programme has been launched which emphasizes integrated approach for holistic development and support to the crafts and artisans, ...
