Parliamentary Committee emphasises need for comprehensive National Textile Policy to enhance textile industry

A Parliamentary Committee has emphasised the need for a comprehensive National Textile Policy to enhance the global competitiveness of the Indian textile industry.

The committee presented its report on Estimates 2023-24 on Empowerment Through PM Mega Integrated Textile Region and Apparel PM MITRA Parks Scheme and Revival Efforts For Sick Textile Units/PSUs Pertaining to Ministry of Textiles, highlighting crucial recommendations for the textile sector.


The committee encouraged the Ministry of Textiles to develop a comprehensive strategy, acknowledging the importance of coordinating proactive and industry-focused State Textile Policies/schemes with a National Textile strategy. The National Textile Policy Update should ensure that this strategy integrates industry-focused elements of state textile policies with best worldwide practices to make the Indian textile sector competitive on a global scale

Read the full News to learn more.........click her



Comments

Post a Comment

Popular posts from this blog

Monte Carlo Fashions Ltd. records 25 per cent increase in Q3 profits

Image
Monte Carlo Fashions Limited has recorded a 25 per cent rise in consolidated net profit for the third quarter ending December 2024, reaching US $ 11.15 million (Rs. 97 crore) compared to US $ 8.9 million (Rs. 77 crore) against the third quarter results of previous year. The company’s revenue for the quarter also increased, reaching US $ 63.13 million (Rs. 549 crore) from US $ 57.96 million (Rs. 504 crore) in the corresponding quarter of the previous fiscal year. The company’s revenue for the quarter also increased, reaching US $ 63.13 million (Rs. 549 crore) from US $ 57.96 million (Rs. 504 crore) in the corresponding quarter of the previous fiscal year, as reported in Clothing Retail Business News . Read the full News to learn more......... click here
Read more

Japan Fashion Week Organisation and Pitti Uomo collaborate to boost global influence

Image
Japan Fashion Week Organisation (JFWO) has announced a strategic collaboration with Pitti Immagine, the powerhouse behind the renowned Pitti Uomo menswear brand. The alliance between the popular Japanese fashion industry players aims to elevate Pitti Uomo’s position in the Japanese market and also foster innovative projects in the realms of menswear and lifestyle. This collaboration has been widely covered in Fashion Business News , highlighting its potential impact on the global fashion industry and the new opportunities it may create for both established and emerging brands. Read the full News to learn more……… click here
Read more

California enacts legislation against retail theft providing relief to fashion retailers

Image
In an effort to curb retail theft, California has passed comprehensive laws that may offer Fashion Retailers operating in the state substantial relief. The entire package is the most significant reform of its kind in the state’s recent history, and it went into effect on January 1st. One of the most important clauses addresses a major issue for merchants with several locations: the possibility to combine multiple thefts to meet the 950 dollar felony threshold. Additionally, the law creates “retail theft restraining orders,” which give judges the authority to bar convicted criminals from retail spaces for a maximum of two years. Read the full News to learn more ……… Click here
Read more