India's cabinet approved a proposal to provide production-linked incentives of about 2 trillion rupees ($27 billion) over five years to create jobs and boost manufacturing in the country, the finance minister said.
India’s textile startups have embraced the opportunities from the coronavirus pandemic like few other sectors have, helping evolve the traditions of the humble Gandhian spinning wheel to a new era of robotic automation, nanotech and sustainable innovation.
In this interview with ‘India Global Business’, luxury fashion label Varana’s Creative Director Sujata Keshavan talks us through the brand’s vision of translating the splendour of Indian heritage to more a contemporary aesthetic and what sets them apart from their well-known competitors. Is Indian craftsmanship finding it as rightful place on the global stage? Varana is a serious attempt to shine a light on India’s rich and deep traditions of textiles and craft heritage. This is not just history but [...]
India’s textile sector is undergoing a long overdue restyling, writes India Inc. Founder & CEO Manoj Ladwa. The Indian textiles industry is a $100-billion giant, which employs about 50 million people, making it the country's largest employer in the organised sector. It is also one of the largest contributors to the export trade, accounting for nearly 15 per cent of India’s total exports. This 5,000 year old industry is arguably also the oldest in the world. So, it might appear [...]
India’s Goods and Services Tax (GST) has the potential to make the country’s textile industry more competitive.
A long-awaited taxation reform aimed at “One Nation, One Tax” became a reality in India when the Goods and Service Tax (GST) Act was passed in Parliament on March 29 this year and came into effect from July 1.
Employment intensive sectors such as agriculture, housing, tourism, textiles and retail must flourish and grow, writes a policy expert. Narendra Modi donned an unexpectedly huge challenge on himself and every citizen of India to completely disrupt and totally metamorphose our economy and society. With no Indian untouched by this move and by massively utilising social media platforms, television and radio, the Prime Minister is determined to be connected directly to each one of us in a most unprecedented manner. In [...]