Illicit trade in 5 key industries reaches Rs 7.97 lakh crore, time to instil fear: Centre
Textiles and apparel alone had an illicit market size of Rs 4,03,915 crore in 2022-23, accounting for over 50 per cent of the total illicit market.
Textiles and apparel alone had an illicit market size of Rs 4,03,915 crore in 2022-23, accounting for over 50 per cent of the total illicit market.
Union Minister of Textiles, Giriraj Singh on Friday asserted that India’s technical textile industry will cross the target of USD 10 billion set for 2030.
The Centre on Tuesday approved four startups in the field of technical textiles with a grant of Rs 50 lakh each, along with new courses in various applications.
Textiles and apparel major Raymond Ltd announced on Thursday that its board has approved the demerger of its real estate business, Raymond Realty Ltd.
Ministry of Textiles approved a total of 18 Research and and Development projects worth Rs 46.74 crores across different areas of technical textiles, an official statement said on Thursday.
In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month…
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These projects fall in the areas of Agrotextiles, Speciality fiber, Smart textiles, Activewear textiles, Strategic application areas, Protective gear apparel and Sports textiles.
"Consequently, the existing GST rates in the textile sector would continue beyond 1st January, 2022," the Finance Ministry said.
