Bangladesh’s textile industry is on the brink of a nationwide shutdown as domestic spinning mill owners warn that operations across the country may halt from February 1. The warning comes amid growing anger over duty-free yarn imports, largely sourced from India, which millers say have flooded the local market and…
Tag: #TextileIndustry
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Carbon Market Expanded to 208 Polluting Sectors
New Delhi: The Government of India has expanded the Indian Carbon Market (ICM) by notifying Greenhouse Gas Emission Intensity (GEI) targets for 208 additional carbon-intensive sectors, including Petroleum Refineries, Petrochemicals, Textiles, and Secondary Aluminium. Expanding the Compliance Mechanism Issued on January 13, 2026, this notification brings a total of 490…
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GST Boosts Karnataka: From Coffee Farms to Tech Hubs
Karnataka’s economy-rooted in coffee estates, coastal fisheries and artisanal craft clusters, yet propelled by Bengaluru’s tech ecosystem- stands to gain materially from the recent GST rationalisation. Targeted rate cuts across agriculture, fisheries, textiles, handicrafts, industrial inputs and high-tech goods are expected to lower prices, improve margins and spur jobs across…
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Maharashtra to Gain Big from 2025 GST Reforms
Maharashtra is set to witness significant economic gains following the 2025 GST reforms. With tax cuts across agriculture, manufacturing, services, and strategic industries, millions of farmers, artisans, workers, and consumers are poised to benefit. Key sectors such as sugar, textiles, fisheries, automotive, pharmaceuticals, and insurance are expected to see reduced…
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NIFT Patna, ABFRL Join Hands to Empower Jeevika Women
Patna, September 12, 2025: In a landmark step toward rural women’s empowerment, the National Institute of Fashion Technology (NIFT) Patna signed a Memorandum of Understanding (MoU) with Aditya Birla Fashion and Retail Limited (ABFRL) in the presence of Union Minister of Textiles Shri Giriraj Singh. The collaboration aims to provide…