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Spinning industry seeks support to tide over slow exports

Citing a 50-70% drop in capacity utilization 50% to 70%, the Confederation of Indian Textile Industry (CITI) sought extension of the one-year moratorium for repayment of the principal amount, and conversion of three-year loans under Emergency Credit Line Guarantee Scheme (ECLGS) into six-year term loans.

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quality control orders: Govt to come up with 65 quality control orders to stop imports of sub-standard goods

Government will soon issue 65 quality control orders (QCOs) which will cover over 500 products to contain imports of sub-standard goods and boost domestic manufacturing. Under these orders, items cannot be produced, sold, traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark. Violation of the law can attract a penalty of up to two years of imprisonment or a fine of at least Rs 2 lakh for the first offence, which increases to Rs 5 lakh minimum for the second and subsequent offences.

New delhiDepartment for promotion of industryBureau of indian standardsJoint secretaryInternal tradeIndian standardsWorld trade organizationTechnical barriersQuality control ordersSub standard goodsDomestic manufacturingUnsafe products

Toy manufacturing: No new PLI sops on cards for now, says DPIIT secy

The Centre is running PLI programmes worth ₹1.97 lakh crore for 14 sectors in which India aims for self-reliance. These sectors include mobile manufacturing and specified electronic components, critical key starting materials, drug intermediaries and active pharmaceutical ingredients, speciality steel, automobiles and auto components.

New delhiUttar pradeshRajesh kumar singhArun jaitley national institute of financial managementIndian institute of management lucknowDepartment for promotion of industryInternal tradeArun jaitley national instituteFinancial managementIndian instituteToy manufacturingImport dutyPli schemesImport dutiesQuality control ordersWhite goods

Weakening demand, inflation, and geopolitics - major causes for prolonged recession in the global textile value chain

Weakening demand, inflation, and geopolitics - major causes for prolonged recession in the global textile value chain
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United statesInternational textile manufacturers federationGlobal textile industryEast asiaSoutheast asiaSouth asiaCentral americaGlobal textile industry surveyQuality control orderIndian governmentQuality control ordersState governmentsMore information

Weakening demand, inflation, and geopolitics - major causes for prolonged recession in the global textile value chain

Weakening demand, inflation, and geopolitics - major causes for prolonged recession in the global textile value chain
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