Textile Industry Current Affairs - 2020

India to setup its own Cotton Warehouse in Vietnam to boost Exports

The Cotton Corporation of India is holding surplus stocks of cotton. With the next harvest season approaching, the CCI is trying to boost exports. Highlights To export the current stocks, India will sign Memorandum of Understanding with Bangladesh to export 1.5 to 2 million bales of cotton. One bale is 170 kilo grams. Also, the Read More…

‘At One Click’ Initiative launched by Gujarat Government for MSMEs & Other Bigger Industries

For 12,247 Micro, Small, and Medium Enterprises (MSMEs) and bigger industrial units (including the textile industry) in the state, the Gujarat Government on 26th June 2020 has launched an online cash aid initiative. The initiative is named as ‘At One Click’. The initiative was launched by the Chief Minister of Gujarat Vijay Rupani. About the Read More…

GoI: Rebate of State and Central Taxes Scheme in the form of Scrips

On May 1, 2020, the Government of India announced that the Rebate of State and Central Scheme arrears are to be provided in the form of scrips. It is to be provided by the Department of Revenue Communication. Highlights The ROSL scheme was discontinued in March 2019. The scheme was replaced with Rebate of State Read More…

October 7: World Cotton Day; Textile Minister attends the program

The World Cotton Day (WCD) is being organized by the WTO in collaboration with UN, FAO (Food and Agriculture Organization), UNCTD (United Nations Conference on Trade and Development), International Trade Center and International Cotton Advisory Committee. The World Cotton Day is being observed for the first time. The resilience of farmers will be recognized and Read More…

Surging Silk – Accomplishment and Way Forward

The Ministry of Textiles in association with Central Silk Board had organized an event, Surging Silk – Accomplishment and way forward on 9th February 2019 at in New Delhi. The event was presided over by Union Minister of Textiles, Smriti Zubin Irani and Union Minister of External Affairs, Sushma Swaraj was the chief guest for Read More…