![]() India exported $3736.54 million worth of cotton textiles to the US during the year.ĪLSO READ Textile sector exports increase by 41% in April- December 2021 v/s last year Most of India’s T&C exports to the US were dominated by cotton. ![]() US emerged as the top destination for India’s T&C exports. Most of India’s cotton exports were destined for the United States during the year. Compared to 2019, India’s T&C exports grew 16.9 percent.Ĭotton was the most exported commodity during the year with exports growing 67.11 percent to $10,026.99 million in 2021 compared to 2019. India’s textile and clothing (T&C) goods grew 39.6 percent to $41,469.20 million in 2021 over the previous year. The modifications introduced are aimed at enabling businesses in these contact-intensive sectors to get further support through enhanced coverage and collateral-free liquidity on capped interest rates / fees.Īs on, loans sanctioned under ECLGS have crossed ₹ 3.19 lakh crore, and about 95% of the guarantees issued are for loans sanctioned to Micro, Small and Medium Enterprises.ĬREDITS: PBI (The news article has not been edited by DFU Publications staff) RELATED NEWS On the Udyam platform, over 66 lakh MSMEs have registered, with 95% of them being micro companies Keeping this in view, the coverage, scope and extent of benefits under ECLGS 3.0 pertaining to hospitality, travel, tourism, and civil aviation sectors have been expanded. Giving effect to Union Finance & Corporate Affairs Minister Nirmala Sitharaman’s announcement in Union Budget 2022-23, the National Credit Guarantee Trustee Company Limited (NCGTC) today extended the Emergency Credit Line Guarantee Scheme (ECLGS) beyond March 2022, till March 2023.ĪLSO READ Tirupur exporters meet FM, urging to help SMEsįurther, following up on the suggestions received in the post Budget consultations held by the Finance Minister on 25th February 2022 with the Travel, Tourism and Hospitality sector and the Civil Aviation sector delegation led by the Minister of Civil Aviation, NCGTC also issued modifications to the operational guidelines for ECLGS 3.0. The IndAus ECTA, encompassing trade in goods and services, is a balanced and equitable trade agreement, which will further cement the already deep, close and strategic relations between the two countries and will significantly enhance the bilateral trade in goods and services, create new employment opportunities, raise living standards and improve the general welfare of the peoples of the two countries. RELATED NEWS RBI article: To push Indian apparel exports, pursue FTAs Growing India-Australia economic and commercial relations contribute to the stability and strength of a rapidly diversifying and deepening relationship between the two countries. Scott Morrison tomorrow.ĪLSO READ India-Australia look at taking proposed free trade agreement (FTA) to its logical conclusion Narendra Modi and the Hon’ble Prime Minister of Australia, H.E. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia, will sign the India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) in a virtual ceremony, in the presence of Hon’ble Prime Minister of India, H.E. Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Government of India and Mr. Darshana Jardosh in a written reply in the Rajya Sabha today.ĬREDITS: PBI (The news article has not been edited by DFU Publications staff). This information was given by the Minister of state for Textiles Smt. in order to curb sale of fake handloom products. Enforcement Machinery awareness programmes etc. In addition, the “Scheme for Protection of Handlooms” has provisions for capacity building of State Govt. RELATED NEWS Textiles Industry: Handloom Census 2019-20, Working Women Count The Government has promulgated the Handlooms (Reservation of Articles for Production) Act, 1985 to protect handlooms weavers from encroachment of the powerloom and mill sector on their livelihood.ġ1 textiles articles with certain technical specifications are exclusively reserved for production on handlooms.ĪLSO READ The Handloom Project joins with Maati by Neha Kabra on a new sustainable lineĪppropriate action under provisions of the Act is taken in case of violation.Ĭentral and State Government implementing agencies conduct inspection of powerloom units to ensure that items reserved for production on handlooms are not produced on powerlooms.ĭuring the last three years & current year (as on ) implementing agencies have inspected 11,14,667 powerlooms and lodged 218 FIRs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |