India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.09 per cent for the month of July 2018 over same month of last year. The index for apparel decreased by 0.7 per cent to 138.2 in July, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.The official WPI for all commodities (Base: 2011-12 = 100) for the month of July 2018 rose by 0.4 per cent to 119.7 from the previous month’s level of 119.2,

Amazon India has signed a memorandum of understanding (MoU) with the government of Uttar Pradesh to support MSME entrepreneurs across nine districts as a part of the government’s One District One Product (ODOP) scheme. The e-commerce giant has now become the preferred online partner for the promotion of the state's original and genuine art and crafts. Amazon India through its Kala Haat Program will help traditional industries, synonymous with respective districts of the state, leverage e-comm

The Indian commerce and industry ministry is reportedly working on an industrial policy that may have special provisions for manufacturing in the textile and footwear sectors and expanding export hubs, which are concentrated in a few states now, across the country. It will tie in existing initiatives and be a focal point for various industry-wise policies. As Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana account for 70 per cent of India’s exports, the government plans to stop t

Central Silk Board (CSB) has notified recently developed races—BDR-10, PM x FC2, and C2—of silkworm seed of mulberry and Vanya silk for increasing the productivity of cocoons and to increase the income of the farmers engaged in sericulture. Silk worm breeds for specific agro-climatic condition are essential for increasing the productivity of cocoons. Tropical Tasar Silkworm (BDR-10) race developed by the CSB have 21 per cent more productivity than the traditional Daba breed. Farmers can get u

Indian textiles minister Smriti Irani recently said fabrics needed for the armed forces will be manufactured in India as scientists, her ministry, the industry and the armed forces are working together to achieve that. The government has also appointed a group of secretaries for transforming India as the textile machinery manufacturing hub, she said in Surat. Irani was in the city to inaugurate Yarn Expo-2018 organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI).

India’s Odisha state government, which has a textiles policy in place, plans to launch an exclusive policy on handicrafts at its Make in Odisha conclave on November 11-15. The handicrafts sector is one of the six focus sectors in its Industrial Policy Resolution, 2015. A dedicated November 13 session at the conclave will be on apparel and technical textiles. The Federation of Indian Chambers of Commerce & Industry (FICCI) is the industry partner for the investment summit, according to

Reliance Industries Ltd (RIL) has forged a partnership under its Hub Excellence Partners (HEP) programme with Ahmedabad-based Arvind Ltd to manufacture co-branded R|Elan high performance fabrics. Arvind will provide a high standard quality fabric and RIL will ensure timely delivery of R|Elan high-quality performance technologies to Arvind. The partnership was forged during a HEP meet in Ahmedabad to launch R|Elan fabric 2.0, fabrics made from speciality engineered fibres for denim and other w

The textile industry in Maharashtra is set to get 370 crore concessions in power tariff. The step will help in revival of sick textile mills and generate jobs, chief minister Devendra Fadnavis said at a review meeting of textile department officials in Mumbai. He also asked officials to provide interest and capital grants to the industry in the state. Fadnavis also directed officials to sell the land belonging to the Maharashtra State Textile Corporation, which is struggling financially, a ne

Coimbatore in India’s Tamil Nadu will host an international textile fair in February, according to state handloom minister OS Manian. The state has allocated ₹2 crore for the fair, which would showcase its textile products, help find new markets and bridge the production-sales gap, he said after meeting industry leaders to discuss arrangements for the fair. He hoped the central government would reduce the 5 per cent goods and service tax (GST) imposed on the textile sector, according

The Jute Corporation of India (JCI) has procured 3.46 lakh bales worth 190 crore in the last two years, benefitting around 39,000 farmers, according to minister of state for textiles Ajay Tamta. An amount of 100 crore has been approved for 2018-19 and 2019-20 for procurement operations by JCI, Tamta told parliament lower house in a written reply recently. The government imposed definitive anti-dumping duty in January 2017 on jute goods originating from Bangladesh and Nepal, according to a