The Economic Times

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2026-05-13 06:10:10 -

India’s big cotton bet: Can 5,659 cr revive the sector's global leadership?
With the aim of making India self-reliant in the cotton sector and increasing cotton production, the Cabinet on Tuesday approved Rs 5659.22 crore for “Mission for Cotton Productivity” to address bottlenecks, declining growth, and quality concerns that have long plagued the sector from achieving its true potential. According to a PIB release, the mission aligns with the government's...

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2026-05-13 05:26:33 -

PM Modi rolls out Rs 9,400 crore Telangana package, spotlights textile revolution
Prime Minister Narendra Modi on Sunday launched and laid the foundation stone for a series of infrastructure and industrial projects worth nearly Rs 9,400 crore in Telangana, pitching the state as a key driver of India’s manufacturing and connectivity ambitions. The event, held at the Hyderabad International Convention Centre (HICC), was attended by Telangana Governor Shiv Pratap Shukla,...

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2026-05-12 05:12:38 -

NCLAT sets aside CCI's Rs 301.6-cr penalty on Grasim Industries, directs fresh hearing
New Delhi: Appellate tribunal NCLAT on Tuesday set aside a Rs 301.6-crore penalty imposed on the Grasim Industries by CCI, directing the fair trade regulator to hear the Aditya Birla Group firm again over its alleged dominance in the viscose staple fibre (VSF) market. The tribunal observed that the CCI did not provide a chance to Grasim Industries to present their arguments, after it differed...

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2026-05-11 11:47:07 -

Cabinet approves Rs 5,659 crore for five-year mission to increase cotton output
New Delhi: The government on Tuesday announced a five-year mission to increase the productivity of the cotton crop with an outlay of Rs 5,659.22 crore. According to an official statement, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved "Rs 5659.22 crore for Mission for Cotton Productivity (2026-27 to 2030-31) to address bottlenecks, declining growth, and quality concerns in...

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2026-04-13 04:59:23 -

Govt nod to 52 applications in textile PLI
Synopsis The government has approved 52 new textile applications under the PLI Scheme. These companies will invest Rs 6,708 crore. This initiative aims to boost domestic manufacturing and innovation. It will strengthen India's global textile market position. The scheme supports manmade fibre apparel, fabrics, and technical textiles. This move is set to enhance production capabilities across the...

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2026-04-02 08:51:50 -

Trade deal with US decisive boost for India textiles sector - Giriraj Singh
Synopsis A new India-US trade deal promises a significant boost for the country's textiles sector, with lower tariffs expected to enhance export competitiveness and create jobs. The US, India's largest textile export market, will reduce reciprocal tariffs, a move industry leaders believe will strengthen India's position against competitors and revive stalled orders. New Delhi: The India-US...

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2026-04-02 07:15:13 -

Union Budget 2026 measures could unlock Rs 8 1 lakh cr stuck MSME capital - Crisil
A recent report by Crisil Intelligence noted that measures on receivables financing, equity infusion and compliance easing could unlock stalled working capital and improve credit flow to MSMEs. Union Budget 2026 has sharpened its focus on easing liquidity stress and improving access to capital for micro, small and medium enterprises (MSMEs), with a series of measures aimed at unlocking delayed...

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2026-04-02 06:56:17 -

Union Budget 2026 - Gram Swaraj fibre scheme anchor integrated textile push
Synopsis The Union Budget 2026-27 places the textile sector at the core of India's growth and employment plans. New schemes will boost natural and man-made fibres. Support for khadi, handloom, and handicrafts will be enhanced. Modernization of textile clusters and skill development are key. Mega textile parks will attract investment in technical textiles. The Union Budget 2026-27 on Sunday...

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2026-04-02 05:16:34 -

India-EU FTA corrects tariff disadvantage faced by textile exporters against competitors - Govt
The India-EU free trade agreement will correct a tariff disadvantage faced by textile exporters against competitors like Bangladesh, Pakistan and Turkey in the 27-nation bloc by providing zero-duty access to its USD 263.5 billion textiles export market, the government said on Tuesday. India and the European Union (EU) on Tuesday announced the conclusion of negotiations for a free trade...

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2026-04-02 04:57:43 -

EU trade deal will help bring US to negotiating table - Raymond Group Managing Director Gautam Singh
Synopsis Raymond Group Managing Director Gautam Singhania said, "As far as the budget is concerned, the EU trade deal is expected to happen tomorrow. I think that will be a significant step to bring America to the negotiating table if India gets a very good deal with the EU." Mumbai (Maharashtra): Raymond Group Managing Director Gautam Singhania on Monday said that a potential trade agreement...

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2026-04-01 11:03:36 -

India apparel retail market poised to reach Rs 16 lakh crore by FY30 - CareEdge
Synopsis India's apparel market is set for major growth. It is expected to reach Rs 16 lakh crore by 2029-30. Rising incomes and online shopping are key drivers. Value fashion brands are expanding rapidly. E-commerce will also see significant growth. Recent GST changes will boost affordability for many shoppers. India's apparel retail market is set for a significant expansion over the next five...

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2026-04-01 10:25:36 -

Budget 2026 Outpriced India can still weave threads of power
Synopsis Union Budget of India: India's textile sector, a major economic contributor, is facing tough competition. However, global supply chain shifts present a strategic chance for India to grow. Govt initiatives and upcoming budget allocations aim to boost competitiveness. This sector can drive exports, create jobs, and strengthen India's position in global trade. India Budget 2026:...

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