Search Result for : Smriti Irani

The Dollar Business Bureau Textiles Minister Smriti Zubin Irani said on Tuesday that the hike in customs duty on silk and manmade fibre, announced in the Budget, will discourage cheap imports of textile products from China and benefit the local manufacturers. “Increase in customs duty on silk and manmade fibre will discourage cheap Chinese textile products from flooding the market and benefit domestic manufacturers in the power loom sector,” Irani said while addressing media in New Delhi on Budget allocation for the Ministry. On reduction of corporate tax to 25% from 30% announced in the Budget, the Minister said that reclassification of micro, medium and small enterprises (MSMEs) and reduction in tax by 5% of enterprises having turnover up to Rs.250 crore will ...

Aamir H Kaki Textiles Minister Smriti Irani on Thursday inaugurated the 44th edition of Indian Handicrafts and Gift Fair (IHGF) 2017, organised by Exports Promotion Council for Handicrafts (EPCH), at India Expo Centre and Mart in Greater Noida. In her address, she said, “I hope that the delegates who will come to attend the IHGF from over 100 countries would have more and more B2B engagements with the representatives and export houses, which are exhibiting their products at the Fair. Irani congratulated the EPCH for taking initiatives to take care of the education of children of artisans, working with the industry and export houses. “For education, 25% cost would be borne by the export house itself and 75% by the EPCH CSR activities,” ...

Aamir H Kaki Export Promotion Council for Handicrafts (EPCH) said on Wednesday that handicrafts exports from the country were declined during the first six months of current financial year, due to disruptions caused by implementation of GST, exchange rates and some global matters. “The handicrafts exports from India during the first six months of 2017-18 were declined compared to a year ago. The exports during the period were Rs.12520 crore,” said O.P. Prahladka, Chairman, EPCH, while briefing the press on Wednesday on the eve of 44th edition of IHGF-Delhi Fair to be held from October 12-16. “However, the exports of handicrafts were Rs.24,392 crore during the financial year 2016-17, witnessing an increase of 13.15% compared to the previous year,” he added. However, Prahladka said ...

The Dollar Business Bureau Beginning January 29, 2017, a two-day Investors’ summit themed “Exploring Opportunities in North East Region” has been organised by the Minister of Development of North Eastern Region (DoNER) and the Ministry of Textiles in Shillong. The event focusses on the Textile Industry and its associated sectors. On the first day of the summit, Rs.1040 crore was allocated for textile based projects like handicrafts, sericulture, handloom, apparel and garments by the Minister of Textiles, Smriti Irani. North Eastern Textile Industry received Rs.820 crore for sericulture related projects from the Ministry. Speaking to the media, the minister said sericulture related projects in the region would provide employment opportunities to many. The Minister also stated that around four lakh people mostly women would ...

The Dollar Business Bureau  With an ambitious vision to support and strengthen the domestic textile industry, the Government would facilitate Tangaliya weavers on their looms purchases, by extending them an assistance amounting to 90% of the price of looms. Interacting with Tangaliya weavers in Surendranagar district of Gujarat, Textiles Minister Smriti Zubin Irani said the government will continue to favour Tangaliya weavers’ interest and will form a special association of Tangaliya workers to oversee their developmental goals. Appreciating Tangaliya embroidery, Irani said Tangaliya weavers’ exquisite handloom work should be promoted on an international scale, and requested the district administration to make proper arrangements. She also appealed to fashion designers to use and encourage the Tangaliya artwork for their fashionable garments. The Minister also mentioned Pradhan ...

PTI The India International Garment Fair (IIGF), the country's largest garment show in South Asia covering apparel and fashion accessories, begins in Delhi on Wednesday. The three-day fair provides a platform to overseas garment buyers to source products and forge business relationships with Indian players in the apparel and fashion accessories domain. The 58th IIGF caters primarily to Autumn-Winter 2017/18. A total of 312 participants from 14 states are participating in the fair. The sellers would be showcasing womenswear, accessories, kids wear and menswear," Textiles Ministry said. The 58th edition of India International Garment Fair (IIGF) will be held from January 18 - 20, 2017. The 58th IIGF caters primarily to Autumn-Winter 2017/18. Organized by Apparel Export Promotion Council (AEPC) ...

The Dollar Business Bureau During the Vibrant Gujarat Global Summit 2017, memorandum of understandings (MoUs) worth Rs.8,835 crore were signed in textile sector in different areas including textile parks, carpet development, textile processing and machinery. Textiles Minister Smriti Zubin Irani witnessed the signing of MoUs.  “Gujarat produces 29% of India’s total cotton production and this indicates the trust of textile industries in the prospects of the state, said Irani while addressing a seminar on 'Make in Gujarat' at the Summit in Gandhinagar on Thursday.  Irani also gave assurance of support from her Ministry for the development of textile value chain of the state and for exploring opportunities in technical textiles and research. The Textiles Minister further said as a place having one of the largest concentrations ...

The Dollar Business Bureau  Union Minister of Textiles Smriti Zubin Irani launched three initiatives, ‘Jute Smart’, ‘Dashboard for Integrated Skill Development Scheme’ and ‘Bunkar Mitra’ to promote good governance. Jute Smart is an online integrated portal to facilitate purchase of Jute bags from the Jute Industry by the State Procurement Agencies. This portal provides easy access to all the stakeholders to information related to jute bags, facilitates end-to-end transactions related to procurement of ‘B-Twill sacking’. It also provides more transparency and makes business easy in the jute sector. Dashboard for Integrated Skill Development Scheme hosted on the NIC Cloud with access to public the information relating to the progress of ISDS along with State wise details of all live training programmes under the scheme will ...