The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand as China is drifting away from textile manufacturing activities. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players like Marks & Spencer, Guess and Next into the Indian market.
Garment manufacturers in Gujarat have predicted a rise of 10 per cent in the price of garments after the Central government raised the Minimum Support…+ More
India’s cotton textile sector is at an important stage, given the trade situation between other major cotton producing and trading countries. The unsettling trade situation…+ More
Revision of goods and services tax rates on a few items, about 46 amendments in the GST law, and simplification of returns will be considered…+ More
India faces the possibility of losing in the trade disputes with the US on its challenge to export subsidies, but the government is working on…+ More