India’s textile industry grapples with rising fabric imports, reflecting dependence on foreign sources. Government initiatives like the PLI scheme hold promise but face challenges, including underutilized factories, inverted GST structures, and fabric influx, even as apparel exports continue to face severe challenges. IBT looks at the key drivers of the...
India’s cotton production and exports are experiencing decline and continued uncertainty, subsequently casting a shadow on the textile industry as well. On June 10, the Cotton Association of India (CAI) raised the country’s cotton output to 311.18 lac for the year 2022-23. The previous estimates of the trade body had...
Hemp-based products in India are creating a buzz in every industry currently. The “medicinal plant” is being used in textiles, cosmetics and even construction materials. Hemp has proven to be a suitable alternative to medicines around the world. The Ministry of AYUSH has recognised hemp and cannabis as Ayurvedic proprietary...
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