IFBEC's FBC

PLI Scheme – A Game Changer for India’s Textile Sector

Mumbai (Maharashtra) [India], July 14: The Production Linked Incentive (PLI) Scheme for Textiles, launched in 2021, has emerged as a transformative initiative for India’s textile industry. Operational from 24th September 2021 to 31st March 2030, the scheme offers financial incentives for a period of five years to promote manufacturing in Manmade Fibre (MMF) apparel, fabrics, and technical textiles, thereby enabling scale, competitiveness, and global integration.

India can diversify exports if proposed US deal not as desired: SBI

Insights

The State Bank of India believes that even if the proposed India-US trade deal doesn't come up as desired and 10-per cent additional tariffs are imposed, India can still diversify its exports.
India's total exports may not be significantly hit under such a condition, it noted.
As the US tariffs on most Asian nations are higher than on India, this offers scope for India to raise its exports to the US.

The world is knocking. But the base of our industry still doesnt have the keys – Sudhir Dhingra at A

The global garment trade is knocking at India’s door. But is the Indian industry ready to open it? Not quite, says Sudhir Dhingra, Chairman and Promoter of Orient Craft Fashion Industries Ltd., who spoke with a clarity and candour at the recently concluded 5th edition of Apparel Sourcing Week in Bengaluru – a premier sourcing show organised by Apparel Resources.

EU launches sustainable textile working group to tackle crisis and drive circular reform

In a significant milestone for the European textile sector, the official launch of the European Parliament’s Sustainable Textile Working Group brought together policymakers, social enterprises, and civil society to confront one of the region’s most urgent sustainability and social equity challenges: the transformation of the textile industry into a fair and circular system.

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