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  • Gujarat comes to the aid of textile sector

    Jan 12, 2019 1:11 PM

    The assistance for the entire value chain starts where the previous textile policy left off The Gujarat government on Thursday announced the much-awaited support scheme spanning the entire textile value chain. With incentives in the form of interests/power tariff subsidy, the new scheme will also provide assistance in a variety of areas such as technology up gradation, environmental compliance cost and for textile parks.

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  • Textile units welcome relaxations for MSMEs

    By Jan 12, 2019 1:07 PM

    Textile and clothing exporters, especially those in the Micro, Small and Medium-scale Enterprises (MSMEs) category, have welcomed the GST relaxations announced on Thursday. K.V. Srinivasan, chairman of the Cotton Textiles Export Promotion Council, has said in a press release that the expansion of the Composition Scheme from the turnover threshold of & 1 crore to 1.5 crore will be a relief to several sma

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  • Gujarat subsidises power tariff for textile companies for 5 years

    By Jan 12, 2019 1:04 PM

    AHMEDABAD The Gujarat government today notified a scheme for the textile sector, which provides power tariff subsidy of up to 3 rupees per unit for weaving and two rupees per unit for other segments. These sops would be provided for five years, effective from Sep 4, 2018, official sources said.

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  • VP Naidu urges textile industry to develop culture of innovation

    By Jan 07, 2019 2:07 PM

    Vice President M. Venkaiah Naidu on Sunday called upon the textile industry to develop a culture of innovation, diversify products and tap newer markets for increasing India's exports share in the global market. Addressing the outreach event on 'Accomplishments and Way Forward for Textile Sector', the Vice President acknowledged that India's export performance has not been up to expectations for a variety of reasons. "It cannot be business as usual and the industry has to rise to the occasion and ensure that the share of India's exports reaches double digits from approximately 5 per cent at present. You need to diversify your products and tap newer markets," he added.

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Interview
Spot Prices
Cotton: Maharashtra (20/Feb 10:36 AM)

AGD (BB/29M) 41,700 400 0.97 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 42,100 -100 -0.24 %
More +
Yarn: Punjab (24/Jan 06:39 PM)

Ludhiana(20S Comb(Wrap)) 178 0 0.00 %
More +
Future Prices (20/Feb 10:22 AM)
ICE Cotton No.2 (USC/LB)
Mar 31, 2019 70.55 -0.30 -0.42 %
May 31, 2019 72.32 -0.18 -0.25 %
Jul 31, 2019 73.64 -0.21 -0.28 %
ZCE (Yuan/Ton)
Mar 31, 2019 14,700.00 50.00 0.34 %
May 31, 2019 15,380.00 70.00 0.46 %
Jul 31, 2019 15,515.00 55.00 0.36 %
Exchange Rates (19/Feb 10:23 AM)
1 US $ = Rs 71.34
 0.00 0.00%
1 UK £ = Rs 92.18
 -0.03 -0.03%
1 Eur € = Rs 80.67
 -0.15 -0.19%
100 ¥en = Rs 64.50
 -0.04 -0.06%
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