The committee emphasised the need for government focus on capacity development in the man-made fibre (MMF) segment of value-added clothing.
Manufacturing News
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The adoption of WFX's advanced cloud-based Enterprise Resource Planning (ERP) system is a pivotal step for Gokaldas Exports, a company renowned for its extensive manufacturing capabilities and established partnerships with major international fashion brands
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Manufacturing
Puducherry Government exploring options to possibly establish textile unit on defunct AFT premises
The Government had asked the South India Textile Research Association to carry out a study because of the Lt. Governor's interest in reviving the textile sector.
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Manufacturing
Kerala witnesses record breaking growth in MSME lending, likely to surpass US $ 12 billion mark
Data released indicates that total loans outstanding to the MSME sector in the state reached approximately US $ 1.11 billion (Rs. 92,175.63 crore) as of 31st December 2024, marking a 38 per cent growth from approximately US $ 805 million (Rs. 66,876 crore) on 31st December 2022.
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Central Goods and Services Tax (CGST) inspectors have investigated over two dozen textile manufacturers for misclassifying processes like bleaching and printing as low-tax washing and dyeing services. Tax experts suggest confusion over GST rates and definitions has led to this misclassification, with calls for clearer legislation to resolve the issue.
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Union Minister Giriraj Singh has criticized the Punjab Government for failing to support Ludhiana’s textile industry, highlighting its refusal to join the PM MITRA scheme, which could have attracted Rs. 1000 crore investment and created 100,000 jobs. The state Government’s stance has drawn a strong response from local industrial leaders.
