PM envisions Rs 9L-cr textile exports by 2030
1 month ago

PM envisions Rs 9L-cr textile exports by 2030

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi expressed optimism on Sunday that India's textile sector will achieve an annual export target of Rs 9 lakh crore ahead of the 2030 deadline. Speaking at Bharat Tex 2025, a mega global textile event showcasing India's cultural diversity through traditional garments, Modi said, “We are currently ranked as the 6th largest exporter of textiles and apparel in the world, with textile exports valued at approximately Rs 3 lakh crore. This success is attributed to the hard work and consistent policies implemented over the past decade, which have led to a doubling of foreign investment in the textile sector during this period… I think we will achieve this target ahead of the 2030 deadline.” The Prime Minister urged the youth to drive innovation by launching techno-textile startups and collaborating with institutions like IITs to develop new tools. Modi also pointed out India's strides in manufacturing high-grade carbon fibre and urged the banking sector to support textile investments, noting that a single unit requires just Rs 75 crore and can create employment for 2,000 people.

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History of this topic

Textiles sector eyes zero tariffs in India-US trade
1 week, 5 days ago

Textiles sector eyes zero tariffs in India-US trade

Live Mint  

New Delhi: Zero for zero is the buzzword in India’s textile and apparel industry as sector leaders urged the government to push for nil tariffs either way for trade between India and the US. According to Prabhu Dhamodharan, convenor of the Indian Texpreneurs Federation, India's current 5.9% share in US apparel imports could increase to 10% if zero-duty access is …

India Eyes $6B Export Boost with US Trade Deal
1 week, 5 days ago

India Eyes $6B Export Boost with US Trade Deal

Deccan Chronicle  

Chennai: The textile industry hopes that a zero-for-zero trade agreement with the US will increase exports by $6 billion in three years. The US contributed to 28.5 per cent of India’s total textile and apparel exports between January and November 2024. However, the recent trade tensions saw US firms partially moving away from China and this has benefited Vietnam and …

Textile, tourism & tech to drive country’s development: Modi...
3 weeks, 2 days ago

Textile, tourism & tech to drive country’s development: Modi...

New Indian Express  

BHOPAL: Prime Minister Narendra Modi said on Monday that textile, tourism and technology --three Ts -- will be the key drivers of India’s developed future as the sectors will create crores of new jobs. Inaugurating Madhya Pradesh’s Global Investors Summit-2025 in Bhopal, Modi said India, with rich tradition, skills, and entrepreneurship in textiles, is the second-largest producer of cotton, silk, …

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath
3 weeks, 2 days ago

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath

The Hindu  

The Union Defence Minister Rajnath Singh on Monday said India had achieved 88% self-sufficiency in ammunition production, and defence exports had reached about ₹23,000 crore in 2023-24. “Our goal is to reach ₹50,000 crore in defence exports by 2029,” Mr. Singh said. He called on IIT Mandi’s students to contribute to this vision by focusing on technological solutions that would …

Apparel exports to Spain grew 19.7% in April-January
3 weeks, 4 days ago

Apparel exports to Spain grew 19.7% in April-January

The Hindu  

Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year. According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council, export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.” …

Apparel exports to Spain grew 19.7% in April-January
Trending News
3 weeks, 4 days ago

Apparel exports to Spain grew 19.7% in April-January

The Hindu  

Apparel exports to Spain registered a 19.7% growth for the April-January 2024-2025 period compared with the same period the previous year. According to Mithileshwar Thakur, secretary general of the Apparel Export Promotion Council, export of readymade garments rose 11.6 % during April 2024-January 2025 over the corresponding period the previous fiscal, “despite global headwinds, geo-political challenges and supply chain disruptions.” …

PM Modi hopeful of achieving ₹9 lakh-cr textile exports ahead of 2030 deadline
1 month ago

PM Modi hopeful of achieving ₹9 lakh-cr textile exports ahead of 2030 deadline

The Hindu  

Prime Minister Narendra Modi on Sunday said he is optimistic that the textile sector will achieve the Rs 9 lakh crore annual exports target ahead of the 2030 deadline. Speaking at the Bharat Tex 2025, Mr. Modi said, "We are currently ranked as the 6th largest exporter of textiles and apparel in the world, with textile exports valued at approximately …

Winsome Textile Industries Q3 Results 2025 on 15 Feb, 2025: profit rise by 94.68% YOY, profit at ₹5.49 crore and revenue at ₹200.7 crore
1 month ago

Winsome Textile Industries Q3 Results 2025 on 15 Feb, 2025: profit rise by 94.68% YOY, profit at ₹5.49 crore and revenue at ₹200.7 crore

Live Mint  

Winsome Textile Industries Q3 Results 2025:Winsome Textile Industries declared their Q3 results on 12 Feb, 2025, reporting a significant increase in profit by 94.68% year-over-year. Winsome Textile Industries Q3 Results The operating income also reflected a downturn, decreasing by 7.18% Q-O-Q, although it showcased a healthy increase of 24.37% YOY. Currently, Winsome Textile Industries boasts a market capitalization of ₹185.12 …

India’s merchandise exports forecast to reach $124.8 billion in Q4FY25: Exim Bank
1 month ago

India’s merchandise exports forecast to reach $124.8 billion in Q4FY25: Exim Bank

Live Mint  

New Delhi: India’s merchandise exports are projected to reach $124.8 billion in the fiscal fourth quarter, marking a 3.64% year-on-year increase, according to estimates from the Export-Import Bank of India. Meanwhile, India's merchandise trade deficit fell to a three-month low of $21.94 billion in December 2024, as higher exports offset import pressures. The commerce ministry recently revised November's gold import …

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal
1 month, 1 week ago

Aero India 2025: Rajnath Singh Says Defence Exports Will Exceed Rs 30,000 Crore In Current Fiscal

ABP News  

Aero India 2025: Exports of defence items from India is expected to surpass Rs 30,000 crore in the current financial year of 2025-26, from Rs 21,000 crore at present, even as the country has taken steps to develop advanced defence platforms from fighter planes to missiles, according to Defence Minister Rajnath Singh. https://t.co/kVP3Zx2IHp — Rajnath Singh February 9, 2025 OPINION …

Budget 2025: More reforms, private investments must for India to become $30 tn economy
1 month, 2 weeks ago

Budget 2025: More reforms, private investments must for India to become $30 tn economy

Live Mint  

India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. Over the past decade, the government has launched strategic initiatives such as Make in India, production-linked incentives, and large-scale infrastructure expansion to propel the manufacturing ecosystem. Dedicated measures have been announced for sectors such as toys, footwear and leather with high job-creation potential aiming to …

Modi govt's budget boost for textile industry: India aims to increase production and exports amid Bangladesh crisis
1 month, 2 weeks ago

Modi govt's budget boost for textile industry: India aims to increase production and exports amid Bangladesh crisis

Op India  

On Saturday, 1st February, the Union Budget presented by Finance Minister Nirmala Sitharaman gave a big boost to the textile industry announcing a 19% increase in the Budget Estimates for AY 2026-27. How Bangladesh crisis may help India in Textile sector Interestingly, the ongoing political crisis in the neighboring country of Bangladesh is aiding India’s garment industry to flourish by …

Opinion: Union Budget 2025 — 'Modinomics' At Its Best
1 month, 2 weeks ago

Opinion: Union Budget 2025 — 'Modinomics' At Its Best

ABP News  

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, is yet another milestone in India’s economic transformation under Prime Minister Narendra Modi. The focus on renewable energy infrastructure, especially green hydrogen and solar power corridors, reaffirms India’s commitment to sustainable growth. It reflects PM Modi’s governance philosophy — build robust infrastructure, empower the middle class, uplift the …

Textile industry welcomes announcement of Mission on Cotton Productivity
1 month, 2 weeks ago

Textile industry welcomes announcement of Mission on Cotton Productivity

The Hindu  

The textile and apparel sector has welcomed the announcements in the Union budget, especially the announcement of Mission on Cotton Productivity. Vijay Agarwal, chairman of The Cotton Textiles Export Promotion Council, said the proposal to set up an Export Promotion Mission, with sectoral and ministerial targets, will provide the much needed inter-ministerial co-ordination. Sundararaman, chairman of the Southern India Mills’ …

‘Budget 2025 has hit perfect note’: Vedanta chairman Anil Agarwal hails tax reforms, says ‘spirit of tax reform is...’
1 month, 2 weeks ago

‘Budget 2025 has hit perfect note’: Vedanta chairman Anil Agarwal hails tax reforms, says ‘spirit of tax reform is...’

Live Mint  

Lauding the central government's move to reduce tax burden for incomes up to ₹12 lakh, Vedanta Ltd chairman Anil Agarwal, on Saturday said that the Budget 2025 has “hit the perfect note”. Underlining that Budget 2025 has “stimulated the perfect jugalbandi of robust consumption growth and accelerated investment,” Anil Agarwal added that announcements by Finance Minister Nirmala Sitharaman will provide …

Union Budget 2025-26: Prime Minister Narendra Modi comments on the Budget presented by Nirmala Sitharaman on February 1, 2025
1 month, 2 weeks ago

Union Budget 2025-26: Prime Minister Narendra Modi comments on the Budget presented by Nirmala Sitharaman on February 1, 2025

The Hindu  

Prime Minister Narendra Modi, on Saturday, said that “This Budget fulfils dreams of every Indian, reflects aspirations of 140 crore Indians. It is a people’s Budget.” Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Lok Sabha on the second day of the Budget session of Parliament. Union Budget 2025 LIVE updates Mr. Modi said, “Budgets often …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 2 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

Budget 2025: New export promotion mission aims to boost growth and narrow trade deficit
1 month, 2 weeks ago

Budget 2025: New export promotion mission aims to boost growth and narrow trade deficit

Live Mint  

Finance minister Nirmala Sitharaman on Saturday, 1 February, unveiled an Export Promotion Mission, spearheaded by the ministries of commerce, finance, and micro, small, and medium enterprises, to position exports as a key driver of economic growth. Part of the budget announcements for 2025-26, the initiative aims to narrow India’s trade deficit, which hit a record $32.8 billion in November 2024. …

Textile stocks Ambika Cotton Mills, Arvind and others soar up to 10% as FM announces 5-year cotton mission
1 month, 2 weeks ago

Textile stocks Ambika Cotton Mills, Arvind and others soar up to 10% as FM announces 5-year cotton mission

Live Mint  

Union Budget 2025: Indian textile stocks surged in today's trade, February 01, after Union Finance Minister Nirmala Sitharaman in her budget speech announced a 5-year mission to facilitate improvements in productivity and sustainability of cotton farming. Set to propel India’s textile industry forward T Manish, Research Analyst, SAMCO Securities, “The five-year mission for cotton productivity aims to enhance the quality …

Economic survey calls for a focus on textile exports
1 month, 2 weeks ago

Economic survey calls for a focus on textile exports

Hindustan Times  

The 2024-25 Economic Survey has recommended throwing the kitchen sink at the textile export challenge to exploit the economic potential of this sector. The Survey’s discussion on untapped potential of the textile sector builds on an analysis of India’s underperformance in labour intensive sectors including textiles in the same document four years ago. First is “a lack of localisation and …

Textiles sector should address issues related to cost competitiveness: Economic Survey
1 month, 2 weeks ago

Textiles sector should address issues related to cost competitiveness: Economic Survey

The Hindu  

Lack of localisation and complexity of the Indian textile value chain result in higher costs for Indian exporters in the textile sector, relative to global competitors. In contrast, vertically integrated ‘fibre-to-fashion’ firms in competitor nations such as China and Vietnam export low-cost products, maintain consistent quality, and are “nimble enough to adjust to the fast-changing nature of the industry,” said …

Apparel imports surge since September
1 month, 2 weeks ago

Apparel imports surge since September

Deccan Chronicle  

Chennai: While India has seen its apparel exports growing in 2024, apparel imports into the country have recorded a surge - growing in double-digits since September. Indian apparel exports grew 8.39 per cent from $14.4 billion in calendar year 2023 to $15.7 billion in 2024. In September, apparel imports grew by 16.8 per cent and in October it grew by …

Budget 2025 | Textile industry seeks interest subsidy, lower PLI investment floor in budget
1 month, 3 weeks ago

Budget 2025 | Textile industry seeks interest subsidy, lower PLI investment floor in budget

Live Mint  

India's textile industry, a key driver of the economy, employs about 45 million people and contributes significantly to the nation’s exports. The demands include extending the interest equalization scheme for three years to help exporters remain cost-competitive and revising the production linked incentive scheme with lower investment thresholds. Industry is also embracing sustainability, with eco-friendly practices and green technologies becoming …

Budget 2025 preview—Part 3: Skilling and jobs, exports, and middle-class woes
2 months ago

Budget 2025 preview—Part 3: Skilling and jobs, exports, and middle-class woes

Live Mint  

Skilling: From degrees to employability India is in the middle of a demographic dividend—where we have more hands to work than to support—and it's going to last till 2040. That’s one reason India will find it hard to replicate China’s growth story, which revolved around drawing foreign investments in local manufacturing with the aim to export. India is also facing …

Budget 2025 preview—Part 3: Skilling and jobs, exports, and middle-class woes
2 months ago

Budget 2025 preview—Part 3: Skilling and jobs, exports, and middle-class woes

Live Mint  

Skilling: From degrees to employability India is in the middle of a demographic dividend—where we have more hands to work than to support—and it's going to last till 2040. That’s one reason India will find it hard to replicate China’s growth story, which revolved around drawing foreign investments in local manufacturing with the aim to export. India is also facing …

Apparel and textile exports register growth despite challenges
2 months ago

Apparel and textile exports register growth despite challenges

The Hindu  

Apparel exports registered 12.9 % growth in dollar terms in December 2024 compared with the previous year and cumulative exports for April - December of 2024 registered 11.6 % growth as against the same period the previous year. Sudhir Sekhri, chairman of the AEPC said in a statement, “This is the appropriate time when India needs to capitalise this opportunity …

Rising imports worry apparel manufacturers
2 months ago

Rising imports worry apparel manufacturers

The Hindu  

India imported garments worth ₹8,900 crore from April to November, 2024 and the year 2024-2025 is likely to end with almost ₹13,000 crore worth apparel imports, according to the Indian Texpreneurs Federation. “Textile clusters and retailers must collaborate to address factors influencing imports such as pricing, quality, design, and product range. Retail brands in India must partner with domestic manufacturers …

Tiruppur industries look for reduction in turnover limit for PLI eligibility in 2025 Budget to expand technical textiles portfolio
2 months, 1 week ago

Tiruppur industries look for reduction in turnover limit for PLI eligibility in 2025 Budget to expand technical textiles portfolio

The Hindu  

Anticipation seems to be in the air among manufacturers in the Tiruppur textile hub for reduction in turnover limit for deriving utility of Production Linked Incentive scheme of the Central Government for technical textiles in the 2025 Budget The threshold being high, there is, at present, only one company in Tiruppur among 53 in the country that had registered for …

Textiles exports a silver lining as India’s trade deficit widens
2 months, 2 weeks ago

Textiles exports a silver lining as India’s trade deficit widens

Live Mint  

New Delhi: India’s textiles sector has emerged as a beacon of resilience and growth, recording an impressive 36.65% increase over the last four years, although industry stakeholders aren't much enthused by the resurgence. Rising from $17.05 billion in FY21 to $23.30 billion in the last eight months of the current fiscal year, this growth underscores the sector’s ability to adapt …

Trade and service sector leaders meet FM, urge tax cuts, export support
2 months, 3 weeks ago

Trade and service sector leaders meet FM, urge tax cuts, export support

Live Mint  

New Delhi: Trade and service sector representatives met finance minister Nirmala Sitharaman on Thursday for pre-budget consultations, seeking tax cuts for MSMEs, incentives for smaller companies to reduce their carbon footprint and energy costs, increased financial support for exporters, and the continuation of the Interest Equalisation Scheme to maintain export competitiveness. "Allocating specific funds for capacity-building programmes targeting prospective exporters …

Export of special technical textile products on rise, says NTTM official
2 months, 3 weeks ago

Export of special technical textile products on rise, says NTTM official

The Hindu  

“Export of special technical textile products grew 6.2% between April and November compared with the same period last year,” said Ashok Kumar Malhotra, Mission Director of the National Technical Textiles Mission. Mr. Malhotra told The Hindu on Friday that the exports were worth ₹2,915 crore from April to November this year compared to ₹2,345 crore during April - November last …

India confident of better trade ties with US under Donald Trump: Piysuh Goyal
3 months, 2 weeks ago

India confident of better trade ties with US under Donald Trump: Piysuh Goyal

Live Mint  

Union commerce and industry minister Piyush Goyal on Thursday expressed confidence in the resilience of India-US relations as Donald Trump gears up for another term in the White House. India's exports Meanwhile, Goyal said India's total exports, including merchandise and services, are expected to cross $800 billion in 2024-25 despite challenges related to the pandemic and geopolitical crises like the …

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis
3 months, 3 weeks ago

Demand from European markets fuels recovery in India’s textile exports amid Bangladesh crisis

Live Mint  

Indian textile exports are showing signs of recovery in FY25, with demand from European markets playing a crucial role in boosting figures, according to data from the ministry of commerce and industry. However, the numbers still fall short of the $5.84 billion achieved during FY23, the commerce ministry data showed, highlighting recovery challenges despite the growing interest in Indian textiles …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
4 months ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

Merchandise exports surge amid focus on key markets, countries
Trending News
4 months ago

Merchandise exports surge amid focus on key markets, countries

Hindustan Times  

India’s merchandise exports registered 17.25% growth to $39.20 billion in October over the same month last year, with non-petroleum exports aggregating a record $211.34 billion in the first seven months of current financial year despite global headwinds, commerce secretary Sunil Barthwal said, crediting a concerted policy push and Christmas demand for the growth. India’s services exports in October 2024 is …

India will meet its exports target of USD 800 billion this year: Commerce Secretary
4 months ago

India will meet its exports target of USD 800 billion this year: Commerce Secretary

Op India  

India’s exports surged by over 19 per cent in October. Commerce Secretary Sunil Barthwal was upbeat on the trade data and said, “It has been an extremely good month for us, and not only our overall export progress has been extremely good, but if you look at April to October, this has been the highest ever non-petroleum exports from this …

Higher fibre prices worry apparel, home textile makers as demand improves
4 months ago

Higher fibre prices worry apparel, home textile makers as demand improves

Deccan Chronicle  

Chennai: Apparels and home textiles are hopeful about robust demand in the international market, especially the US. Similarly, home textiles segment is set to grow by 6-8 per cent this fiscal, riding on resilient demand from the US and expansion in the domestic market, finds Crisil. Home textiles derive 70-75 per cent of its revenue from exports and the US …

Can India’s garments industry benefit from Bangladesh’s turmoil?
4 months, 1 week ago

Can India’s garments industry benefit from Bangladesh’s turmoil?

Live Mint  

Asia’s rise has been stitched together by the textile industry. Recently a group of exporters based in Tiruppur, a textile hub in southern India, said it had earned fresh orders worth $54m because of the unrest in Bangladesh. The head of sourcing at Gap says the American fashion brand remains “cautiously optimistic” about Bangladesh’s future. Between 2016 and 2023 the …

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide
4 months, 2 weeks ago

Competing in the Global Apparel Arena: How India Can Rise Above the Textile Tide

Hindustan Times  

India's textile and apparel sector holds significant potential to create more and better employment, especially from the labour-intensive apparel segment. However, the sector faces important challenges in adapting to global market demands. It requires both the government and private sector to play their part. The government could help by rationalising domestic taxation and reducing import tariffs along the entire supply …

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain
5 months ago

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain

The Hindu  

Indian apparel exports saw a significant surge in September, with a 17.3% increase compared to the same period last year. This growth is expected to continue in the coming months, with 15%-20% higher exports projected for 2024-2025. This surge is attributed to the increasing popularity of Indian products and the growing focus on sourcing from India by international buyers.

India targets $1 trillion exports by 2030: Coimbatore DGFT
5 months, 2 weeks ago

India targets $1 trillion exports by 2030: Coimbatore DGFT

New Indian Express  

TIRUPPUR: India has an ambitious target of exporting goods worth $1 trillion USD by 2030, said Anand Mohan Mishra, Joint Director General of Foreign Trade of Coimbatore, during a seminar ‘Export Finance and Trade Facilitation for the Apparel Industry’ in Tiruppur on Saturday. Speaking among the exporters in Tiruppur, Mishra said, “ Each and every part of the export community …

India's Defence Production Hits ₹1.27 Lakh Cr
5 months, 3 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

Apparel exports grew 12% in August to more than $1.2 bn
6 months ago

Apparel exports grew 12% in August to more than $1.2 bn

The Hindu  

Apparel exports registered 11.9% growth in August to $1,268.2 million compared with $1,133.5 million last August. In rupee terms, exports were 13.4% higher last month compared with last August and 8.7% more in April-August FY25 compared with the corresponding period in FY24. Mithileshwar Thakur, Secretary General, Apparel Export Promotion Council, said in a press statement that exports to Japan, Korea, …

No significant impact on India Inc from Bangladesh crisis: Study
6 months ago

No significant impact on India Inc from Bangladesh crisis: Study

New Indian Express  

MUMBAI: Prolonged unrest in Bangladesh can affect Indian companies for which the neighbouring country is a demand centre or production hub but the impact is likely to be minor, said a new study on Wednesday. Merchandise exports mainly comprise cotton and cotton yarn, petroleum products, electric energy etc, while imports largely consist of vegetable fat oils, marine products and apparel. …

Goyal asks auto-component sector to achieve $100 billion export target by 2030
6 months, 1 week ago

Goyal asks auto-component sector to achieve $100 billion export target by 2030

The Hindu  

Union Minister for Commerce & Industry, Piyush Goyal on Monday asked the Indian auto component manufacturing sector to achieve an exports target of $100 billion by 2030 so that sector could be one of the largest job creators in the country. Stating that the Indian auto sector would soon become the world leader from currently being the third largest in …

India has made strides to further self-reliance in defence, exporting weapons too: PM
7 months ago

India has made strides to further self-reliance in defence, exporting weapons too: PM

Hindustan Times  

NEW DELHI: In his 98-minute Independence Day speech delivered from the imposing Red Fort on a drizzly morning, Prime Minister Narendra Modi on Thursday captured the strides made by India to further self-reliance in the critical defence manufacturing sector and how the country had gradually transformed itself from being an importer of military hardware to an exporter. India has made …

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi
7 months ago

India was victim of terror attacks but now Armed Forces giving a befitting reply, says PM Modi

New Indian Express  

India is attaining ‘Aatmanirbharta’ in defence and is emerging as a global manufacturing hub due to the steps taken by the Government in the last few years. He lauded the Ministry of Defence and the Armed Forces for taking a series of decisions, including the notification of a number of positive indigenisation lists, wherein there are over 5,600 items that …

Indian garment sector expects short-term gains due to Bangladesh crisis
7 months, 1 week ago

Indian garment sector expects short-term gains due to Bangladesh crisis

The Hindu  

The crisis in Bangladesh is expected to impact the Indian textile and apparel sector in the short term. Siddhartha Rajagopal, the Executive Director of Cotton Textiles Export Promotion Council, said $1.7-billion worth of cotton, cotton yarn and fabrics were exported by India to Bangladesh last fiscal, which is 17% of India’s cotton textile exports. According to the Apparel Export Promotion …

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’
7 months, 3 weeks ago

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Monday hailed the Economic Survey 2023-24 tabled by Union finance minister Nirmala Sitharaman, saying that it highlights the prevailing strength of Indian economy. Prime Minister Narendra Modi said the Economic Survey identifies areas for further growth and progress “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the …

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