Dr. Mohan Yadav’s Post

In a bold move to propel Odisha's economy and unlock job opportunities, the state government has unveiled a vision to attract a staggering ₹10,000 crore investment in the textiles sector over the next five years. Bhupendra Singh Poonia, MD of IPICOL, disclosed that a game-changing 30% reimbursement facility under the revised IPR has set the stage for this transformative journey. This lucrative incentive, disbursed annually at a 6% rate to investors, promises not just financial gains but also significant employment prospects. IPICOL Odisha Read More:- https://lnkd.in/duFRmpXe #TextileMagazine #TextileIndustry #FabricDesign #FashionTextiles #TextileArt #TextileDesign #TextileTrends #TextileInspiration #SustainableTextiles #HandmadeTextiles #TextileInnovation #TextileEducation #TextileHistory #DigitalTextiles #TextileCrafts #TextileCommunity #Textiles #Fabric #TextileDesigns #TextileArt #Weaving #Embroidery #PrintedTextiles #TextileCrafts #SustainableTextiles #HandmadeTextiles #TextileArtist #TextileInspiration #TextileFashion #TextileTrends #TextileLove #TextileObsession

Textile update 09/12/2024 * The Indian textile sector is expected to attract significant investments. * Bihar government plans to transform the state into a textile hub. * CONVERGE'24, an event organized by INVIYA® (INDORAMA), celebrated innovation and collaboration in textiles. * Several textile companies are appointing top professionals as CXOs. * Bharat Tex 2025 aims to strengthen UK-India textile relations. * The Union Minister promised support to the textile sector in Guntur, including subsidies and park revitalization. * Akshar Spintex, a microcap textile company, hit a 52-week low and received a "Strong Sell" rating. * Aditya Birla Fashion and GIZ India launched circularity guidelines for the Indian textile industry. * Odisha state approved investment projects worth $16.08 billion, including in the apparel & textiles sector. For any content writing in articles and magazines content: [email protected] #textile #textileindia #textileindustry #fashion #fashionindustry

Which state spins better growth by reeling the scheme benefits and attracting investments. Textile & Apparel industry is an integral part of India’s growth story. The presence of an entire manufacturing value chain from fibre to apparel and availability of raw material gives distinct advantage for both backward and forward integration. Most of the Indian states have come up with Textile & Apparel policies to give more thrust to this sector. As the Indian textile industry seems to be losing its major share on competitor countries like Bangladesh & Vietnam, these subsidies give a ray of hope to bring in more investments in the sector. We have taken four states which have exclusive Textile & apparel policies: 1)Maharashtra has come up with new policy and covers capital, power & CETP/Zld subsidies etc while Haryana offers full package of subsidies for MSME sector. 2)UP & Bihar have also covered most of the subsidies while Bihar has given more emphasis to weaving, knitting & garmenting units. 3)Haryana has covered 2 more sectors viz. textile machine manufacturing & textile recycling , which requires special thrust from govt. and investor side. It remains to be seen when other states like Gujarat, Rajasthan , Andhra Pradesh , Karnataka etc will come up with new textile policies and which state will be able to attract more investments and would suit investors requirements. #textileindustry #apparelindustry #textilepolicy #statepolicy

𝑰𝒏𝒅𝒊𝒂’𝒔 𝑻𝒆𝒙𝒕𝒊𝒍𝒆 𝑹𝒐𝒂𝒅𝒎𝒂𝒑 𝑻𝒂𝒓𝒈𝒆𝒕 𝒃𝒚 2030 India aims to expand its textile industry to $350 billion currently valued at $164 billion. • Job Creation: The goal is to generate 4.5-6 crore jobs by 2030. • MITRA Parks: Seven PM Mega Integrated Textile Region and Apparel (MITRA) parks, with a total investment of Rs 70,000 crore, will create 21 lakh jobs. • Textile Exports: The government aims to reach $600 billion in textile exports by 2047 (from $44 billion in FY22). • PLI Scheme: Under the Production Linked Incentive (PLI) scheme, 10-12 companies will receive incentives this financial year to promote MMF apparel, fabrics, and technical textiles. • Silk Production Target: India aims to produce 50,000 metric tonnes of silk by 2030, linking silk cultivation to employment generation for farmers. 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝑰𝒏𝒊𝒕𝒊𝒂𝒕𝒊𝒗𝒆𝒔: PLI scheme with Rs 10,683 crore investment to promote man-made fibers (MMF) and technical textiles. Incentives will be disbursed to 10-12 companies under the scheme by the end of this financial year. 𝑴𝒂𝒋𝒐𝒓 𝑷𝒍𝒂𝒚𝒆𝒓𝒔 𝒊𝒏 𝑰𝒏𝒅𝒊𝒂'𝒔 𝑻𝒆𝒙𝒕𝒊𝒍𝒆 𝑺𝒆𝒄𝒕𝒐𝒓 : 1. Arvind Limited 2. Vardhman Textiles 3. Welspun India 4. Alok Industries 5. Aditya Birla Group (Grasim Industries) 6. Raymond Group 7. Reliance Industries (technical textiles and polyester) 8. Trident Group These players contribute significantly to India’s textile production and exports. Rishabh Kale Textile Association of India (Vidarbha)

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic. The decentralised power looms/ hosiery and knitting sector form the largest component of the textiles sector. The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. India’s textiles industry has a capacity to produce a wide variety of products suitable for different market segments, both within India and across the world. In order to attract private equity and employee more people, the government introduced various schemes such as the Scheme for Integrated Textile Parks (SITP), Technology Upgradation Fund Scheme (TUFS) and Mega Integrated Textile Region and Apparel (MITRA) Park scheme. #wovenandknit

Gujarat is not just the ‘Textile State of India’—it’s setting new benchmarks globally! 🌏 Dive into our latest report to explore how #Gujarat leads in cotton, denim, and technical textiles, contributing 28% of India’s cotton and 60% of its cotton fiber exports. This report uncovers the state’s integrated ecosystem and strategic policy incentives that make Gujarat a powerhouse in the textile industry. 🌿💼 From the Mega Textile Park in Navsari to innovative products like Patola sarees and Tangaliya shawls, discover how Gujarat is shaping the future of textiles. Click on the link below to check out the full report  https://lnkd.in/d9tqQp3D Or contact the MARC team to read the full report: 📞9359628675 📧[email protected] Ministry Of Textiles Invest India Make In India Vibrant Gujarat EPCH India TEXPROCIL - The Cotton Textiles Export Promotion Council The Clothing Manufacturers Association Of India (CMAI) #TextileIndustry #GujaratTextiles #MARCInsights #SustainableGrowth #InnovationInTextiles #MARC #Gujrat 

With a staggering ₹95,000 crore expected from the PM MITRA and PLI schemes, the landscape of textiles is transforming rapidly. From mega textile parks in states like Tamil Nadu and Gujarat to the upcoming Bharat Tex 2025 event that promises to connect global investors and local creators, this is an exciting time to be part of the textiles journey. The seven mega textile parks established under the PM MITRA scheme are anticipated to generate about ₹70,000 crore, while the PLI scheme is expected to contribute an additional ₹25,000 crore. It’s evident that the government is seriously invested in elevating the textiles industry, particularly in innovative fields like man-made fabrics and technical textiles. This growth isn’t just a local affair; it’s creating thrilling opportunities for investment and collaboration that extend far beyond India. What possibilities do you think this holds for the global market? Read more: https://lnkd.in/gfGZV8_U #textileindustry #PMMITRA #PLIscheme #investmentopportunities #technicaltextiles #textileparks #MakeInIndia #globaltextilemarket #sustainabletextiles #manmadefabrics #textileinnovation #BharatTex2025 #economicgrowth #Indiatextiles

Revitalising India’s Textile and Apparel Industry: A Comparative look at state policies. Insightful overview of the evolving textile policies across various states! It's inspiring to see how Maharashtra, Haryana, Uttar Pradesh, and Bihar are taking significant strides to boost the industry. These initiatives are crucial for maintaining India's competitive edge in the global market. #textileindustry #investment #statepolicies #economicgrowth #haryana #uttarpradesh #Bihar #maharashtra

Will Gujarat's New Textile Policy Change Textile Players' Preference? ➡ New Incentives: Gujarat's 2024 policy aims to attract ₹30,000 crore in investments with competitive subsidies 💰 ➡ Current Preference: Many Surat textile players operate in Maharashtra due to lower costs and subsidies ⚡ ➡ Potential Shift: Will these new incentives in Gujarat entice traders to relocate? 🤔 ➡ Focus Areas: Emphasizes apparel and technical textiles, targeting 5 lakh jobs creation 🎯 ➡ Industry Impact: Could boost the Man-Made Fabric (MMF) sector and support cotton farmers 🌾 The real question is: will these advantages outweigh the established benefits in Maharashtra? #TextilePolicy #Gujarat #Maharashtra

Odisha government plans to set up a textile plant in Bhadrak district to provide employment opportunities to youngsters, Industries Minister Sampad Chandra Swain told the Assembly on Friday. In reply to a question raised by Congress MLA Sofia Firdous, Swain apprised the Assembly about the state government’s decision to set up a textile park in Bhadrak. READ FULL STORY : https://buff.ly/3MXRu2F ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews