The Union Finance Minister, Shri Arun Jaitley announced the Union Budget
for 2018-19 on February 1.
Welcoming the Budget, Shri Ujwal Lahoti, Chairman of The Cotton Textiles
Export Promotion Council (TEXPROCIL) said “, the Budget is pragmatics,
growth oriented and all inclusive”.
The Government had approved a comprehensive textile sector package of
Rs. 6000 crore in 2016 to boost the apparel and made-up segments The Budget
has provided an outlay of Rs. 7148 crore for the textile sector in 2018-19. Shri
Lahoti expressed hope that the increased funds allocated for the textile sector
will cover fabrics also under the ROSL scheme.
During the celebration of second Handloom Day at Varanasi on August 7, 2016, the Union Textiles Minister had announced conducting of 4th nationwide Handloom census. As a follow-up to this, Office of Development Commissioner (Handlooms), MoT invited request for proposal (RFP) for conducting fourth nationwide Census for Handlooms and issue of Photo Identity cards to Handloom weavers. M/s Karvy Data Management Services Limited (KDMSL), Hyderabad – was selected and assigned the task on 4.01.2017. Continue reading Govt. Of India Conducting of 4th Nationwide Handloom Census and Issue of Photo Identity Cards→
Government has been implementing various policy initiatives and schemes for the welfare of textile workers in the country, such as Integrated Skill Development Scheme (ISDS), Schemes for Development of Silk and Sericulture sectors, National Handloom Development Programme (NHDP), Comprehensive Handloom Cluster Development Scheme(CHCDS), Yarn supply Scheme and National Handicrafts Development Programme (NHDP).
Delta Apparel, Inc. today reported earnings per diluted share of $0.57 on net sales of $104.3 million for its fiscal third quarter ended July 1, 2017, compared with earnings of $0.32 per diluted share on net sales of $111.6 million in the prior year third quarter. Sales in the quarter increased $4.0 million, or approximately 4%, year-over-year after excluding sales in the recently-divested Junkfood Clothing Company business during the prior year quarter. The prior year third quarter included $11.3 million of sales in the Junkfood business divested by the Company on March 31, 2017, as well as an $0.18 per share expense related to the Company’s manufacturing realignment, both of which were non-recurring. Excluding the expense related to the manufacturing realignment, prior year third quarter earnings were $0.50 per diluted share. Continue reading Delta Apparel Reports Fiscal 2017 Third Quarter and Nine-Month Results→
HUGO BOSS confirms full-year sales and earnings forecast – substantial progress made in implementing strategic realignment
HUGO BOSS made good progress in the second quarter of 2017. Comp store sales in
its own retail business picked up significantly in all three regions, with online business
likewise growing in the second quarter. Sales in the wholesale business fell short of
the prior year due to delivery shifts as compared to the prior year. The core markets
of Great Britain and China again performed well, while U.S. business expanded for
the first time in two years. Despite increased marketing expenses and spending on
the digital transformation of the business model, operating profit remained at the
prior year’s level. On this basis, HUGO BOSS is confirming its target of stable full-year
sales and earnings in 2017. Continue reading HUGO BOSS makes substantial progress in implementing strategic realignment→
Full text of PM Modi’s speech at the Textile India 2017 event is reproduced below:
Ladies and Gentlemen,
India is today described as a bright spot in the global economy. It has emerged as one of the most attractive global investment destinations. This has been made possible by a series of sustained policy initiatives.
Union Textiles Minister Smt. Smriti Zubin Irani and Minister of State, Textiles, Shri Ajay Tamta witnessed the signing of 65 MoUs in the textiles sector on the 2nd day of the three-day mega textiles trade fair, Textiles India 2017, being held in Gandhinagar, Gujarat. MoUs were signed on July 1, 2017 between various domestic and international organizations from industry and government; three of the MoUs signed are G2G MoUs. The MoUs signed relate to exchange of information and documentation, Research & Development, commercialization of handloom products and silk production, cooperation in Geo textiles, skill development, supply of cotton and trade promotion with overseas partners, etc. Continue reading Textiles India 2017: 65 MoUs signed in the presence of Union Textiles Minister→