West Bengal plans to finalise a new industrial policy focusing on sectors with strong demand for ancillary industries, including textiles, steel, automotive, heavy electrical equipment, IT and electronics. The policy aims to attract investments, boost employment and promote MSME-linked support businesses
Hyderabad: In a development that will give impetus to the textile industry in the State, Bengaluru-based readymade textiles giant Texport has decided to set up an apparel manufacturing factory at Sircilla. The company will install 800 machines and employ 1,600 persons and later expand to 1000 machines to create an employment to about 2,000 persons […]
Hyderabad: IT and Industries Minister KT Rama Rao once again expressed unhappiness over the union government not extending enough support to Telangana which is a performing State and demanded that performing States must be incentivised. He urged the Centre to support progressive States like Telangana which has been making significant progress in the areas of […]
Hyderabad: In a victory of sorts to Telangana, the GST Council has decided to defer the tax rate hike on textiles from 5 per cent to 12 per cent. The new GST rate on textiles was scheduled to be implemented from January 1, 2022. The hike to 12 per cent on the textiles met with […]
The decision to defer the GST rate hike on textiles was taken in the 46th GST Council meeting held in the national capital under the chairmanship of Union Finance Minister Nirmala Sitharaman.
Hyderabad: Textiles Minister KT Rama Rao on Thursday demanded that the union government withdraw its decision to increase GST on textile and handlooms sector. In a letter to union Finance Minister Nirmala Sitaraman, the Minister appealed to her to take up this proposal forward in the GST council meeting which will be chaired by her […]
The Circularity Gap Report 2021 finds that three key human needs – housing, mobility and nutrition – out of seven, are responsible for almost 70% of global emissions.
During the coronavirus crisis, products worth Rs 12,99,354.87 crore were exported from the country between April 2020 and November 2020, of which products worth Rs 72,508.14 crore were sent abroad from Uttar Pradesh.
The foundries, affiliated to the Coimbatore Tiny and Small Foundry Owners Association (COSMAFAN), stopped production indefinitely, resulting in a loss of Rs 30 crores daily, its president Shiva Shanmughakumar said.
