Textile exporters may get input duty relief
The textile sector, which was hit badly by the ongoing slump in demand in the Western markets, can look forward to some additional sops in the forthcoming foreign trade policy. The government is considering increasing the input duty reimbursement given to textile exporters, a commerce department official has said. The Union Budget announced earlier this [...]
Indian, Japanese firms must stitch textile alliances: Maran
The Union minister for textiles Dayanidhi Maran, who was part of an Indian trade delegation in Japan, has given an invitation to the Japanese textiles industry to collaborate with their Indian counterparts in manufacturing fabrics and setting up of greenfield units of textiles machinery. Mr Maran on Wednesday inaugurated Indian pavilion at Japan International Fashion [...]