Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

The <keyword id="21233022" type="General" weightage="20" keywordseo="Indian-textile-industry" source="keywords">Indian textile industry</keyword> is set to experience developments in 2024, driven by improving demand in <keyword id="21017131" type="General" weightage="20" keywordseo="export-markets" source="keywords">export markets</keyword>, resilient consumer spending in key sectors, and favourable geopolitical conditions, according to the B&amp;K Securities report. In the ready-made garments (RMG) sector, the demand offtake in export markets is anticipated to show substantial improvement in 2024. While domestic demand is expected to remain moderate due to lower discretionary spending and overstocking from the previous fiscal year, the recovery in export demand is promising. The domestic market could see a boost in the second half of FY25, supported by an increase in wedding days and festive season, although the rise in realisations is likely to be marginal. The export growth in RMG is expected to be driven by a combination of factors including restocking by Western retailers, increased demand for spring-summer collections, and a general uptick in retail sales. The anticipated interest rate cuts in the US will further stimulate demand. India's RMG exports will also benefit from stable cotton prices and uninterrupted supply, enhancing cost competitiveness on the global stage. The ongoing crisis in Bangladesh, a major player in the global RMG market, presents a temporary tailwind for Indian exporters. However, the benefits for India are expected to be short-lived due to differences in product portfolios and Bangladesh's trade agreements with the European Union. Over the medium to long term, India could see more substantial gains as global buyers continue to diversify their <keyword id="19959553" type="General" weightage="20" keywordseo="supply-chains" source="keywords">supply chains</keyword> away from China and Bangladesh, particularly as Bangladesh faces challenges such as rising wages and the loss of its Least Developed Country (LDC) status by 2029. The <keyword id="21356289" type="General" weightage="20" keywordseo="home-textiles" source="keywords">home textiles</keyword> segment is poised to continue its growth trajectory, primarily driven by robust consumer spending in the United States, which accounts for approximately 60 per cent of India's home <keyword id="21353395" type="General" weightage="100" keywordseo="textile-exports" source="keywords">textile exports</keyword>. The market share of Indian players in the US has been steadily increasing, supported by the China+1 strategy adopted by big box retailers to diversify their supply chains. India's competitive advantage in raw material costs and increased domestic capacity will likely sustain its dominance in the US home textiles market. The Free Trade Agreement (FTA) negotiations with the UK and the European Union offer additional opportunities for growth, potentially leading to higher margins and increased market share for Indian players. While the industry is on a positive trajectory, it faces near-term challenges such as logistical disruptions due to the Red Sea crisis and uncompetitive domestic cotton prices. Moreover, as sustainability becomes a major theme in <keyword id="21977676" type="General" weightage="20" keywordseo="western-markets" source="keywords">Western markets</keyword>, <keyword id="804823" type="General" weightage="20" keywordseo="Indian-textile" source="Orion">Indian textile</keyword> companies will need to invest in compliance with these evolving norms to remain competitive. (ANI)

Indian textile exports to remain strong amid global shifts; FTA negotiations with EU to offer growth opportunities

Despite unfavourable economic conditions in major markets such as the European Union (EU), the US, and West Asian nations, Indian <keyword id="21353395" type="General" weightage="100" keywordseo="textile-exports" source="keywords">textile exports</keyword> grew by 9.59 per cent compared to the previous year in May 2024, the Confederation of <keyword id="22064995" type="General" weightage="20" keywordseo="Indian-textile" source="keywords">Indian Textile</keyword> Industry (CITI) said in a report. Simultaneously, <keyword id="22064997" type="General" weightage="20" keywordseo="Indian-apparel-exports" source="keywords">Indian apparel exports</keyword> saw a growth of 9.84 per cent during the same period. The CITI in its report highlighted that the cumulative exports of textiles and apparel during May 2024 registered a growth of 9.70 per cent over May last year. The country's overall exports for May 2024 surged to USD 68.29 billion. This was a substantial year-on-year increase of 10.2 per cent, according to data released by the Commerce Ministry on June 14. The analysis noted that during Apr -May' 24, Indian textile exports registered a growth of 6.04 per cent over the previous year, while apparel exports registered a growth of 4.46 per cent during the same time period. The cumulative exports of textiles and apparel during April-May 2024 saw a surge of 5.34 per cent as compared to the same period last year. The recently released export data revealed that sectors such as electronic goods, drugs and pharmaceuticals, organic and inorganic chemicals, engineering goods, petroleum products, plastics &amp; linoleum, cotton yarn/fabs made-ups ( textiles manufactured), handloom products, etc., man-made yarn/fabs./made-ups, handloom products etc. performed well in the exports from the country. Other merchandise products, such as meat, dairy and poultry products, mica, coal and other ores, minerals including processed minerals, RMG of all textiles, tea, coffee, rice, tobacco, carpet and handicrafts, oil seeds; and fruits and vegetables, did well too. On Friday, AshwKumar, President of the Federation of Indian Export Organisations (FIEO), highlighted that a positive trajectory was seen in May 2024, driven by robust order bookings. Among the top ten export markets for India were the US, UAE, Netherlands, UK, China, Singapore, Saudi Arabia, Bangladesh, Germany and France. Considerably, in these markets, the exports registered a double-digit growth rate. Breaking down export data released yesterday, the merchandise exports witnessed a 9.1 per cent rise to USD 38.13 billion, while service exports climbed by 11.7 per cent, reaching USD 30.16 billion. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms" target="_blank">Hyundai Motor India files draft papers with SEBI for India’s biggest IPO</a><a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank">Tata Group reportedly looking to acquire a majority stake in Vivo India</a><a href="https://www.businessinsider.in/sports/webstories/kkr-beats-mi-in-terms-of-brand-value-csk-and-rcb-continue-to-lead/slidelist/110963926.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/kkr-beats-mi-in-terms-of-brand-value-csk-and-rcb-continue-to-lead/slidelist/110963926.cms" target="_blank">KKR beats MI in terms of brand value, CSK and RCB continue to lead</a>

Indian textile exports surge by 9.59% in May despite global economic challenges

<ul><li>Most clothing <keyword id="44446" type="General" weightage="20" keywordseo="retailers" source="Orion">retailers</keyword> say that this wedding season saw no growth in sales, while many reported a drop. </li><li>Most of them blame the economic slowdown, while others attribute it to high prices, and fewer auspicious dates. </li><li><keyword id="222658" type="General" weightage="20" keywordseo="retailers-association" source="Orion">Retailers Association</keyword> of India too says that sales across categories has moderated, due to the high base effect in the previous year that saw extraordinary growth. </li></ul>The economic slowdown seems to be taking a toll on one of India’s most vibrant spending seasons — that of the big fat Indian weddings. This year, 83% of respondents of a survey by Clothing Manufacturers Association of India (CMAI) said there has been absolutely ‘no growth’ as compared to the wedding season of 2022. Also, 40% of them said that there has been a drop in sales to the tune of 10-25% over the previous year. The wedding season generally runs from April to June. Indian brides seem to be going austere as a large majority of clothing retailers said that the economically priced products fared better than the more expensive varieties. “Lighter embroideries and pastel colours were more in demand as per the survey results,” says CMAI. “Currently the market is seeing a fairly significant slowdown, which has been caused by the overall inflationary conditions in the market. The first quarter of the current financial year is likely to be disappointing for the industry, and the impact is being felt by both the value as well as the upper segments of consumers,” said Rajesh Masand, president of CMAI. More than 60% of the respondents attributed the weak performance to the general economic slowdown. While 14% of them attributed it to high prices, 13% believe that the fewer number of auspicious dates as compared to the previous season contributed to the drop. The high base effect A survey by Retailers Association of India (RAI) said that retailers across categories saw a modest growth of 7% in the month of May compared with last year. Jewellery and apparel showed moderate growth at 9%. “As consumers are now getting into their normal business routines, we are witnessing moderate growth over previous year. However, we are also aware that April and May months in 2022 witnessed extraordinary growth at 23% and 24%, respectively, compared to pre-pandemic periods (April 2019 and May 2019),” said Kumar Rajagopalan, chief executive officer, RAI. The apparel industry has been growing at a fairly consistent rate of 8-10% per annum, said CMAI. The industry saw a revival in 2022 as consumers went back to the physical stores and markets – and 2022-23 is estimated to have seen growth of 15-20%. “However, with the costs of raw materials as well as overall cost of production having gone up substantially, this growth has been entirely price-led, and the volumes would still be below the previous year by 3-5%,” said CMAI. Women go West, men go Indian The apparel sector is also seeing a shift in trends due to higher urbanisation of India. “Exposure to western culture with accessibility to content over social media platforms is influencing the dressing patterns and fashion sense amongst the youth, which is causing a gradual shift from traditional clothing to western clothing, especially in the women’s wear segment,” Rahul Mehta, chief mentor at CMAI. Mehta, however, added that the men’s wear segment is seeing some sort of a ‘return to tradition’ — as more men are seeking to go traditional during festivals and weddings. The share price of companies in the sector — Go Fashion, Raymond and Vedant Fashions, which owns the Manyavar brand – have come off their monthly highs. Vedant fell 6% as compared to last week. Shares of Go Fashion – which is into premium leggings and such apparel — remained flat this week, as did the shares of premium clothing brand Raymond. SEE ALSO <a href="https://www.businessinsider.in/business/news/over-a-100-mn-indians-have-tried-products-pushed-by-influencers-and-its-growing/articleshow/101331878.cms">Over a 100 mn Indians have tried products pushed by influencers and its growing</a> <a href="https://www.businessinsider.in/india/news/a-million-streams-every-3-minutes-but-only-5-of-ott-audio-users-pay-for-it/articleshow/101313692.cms">A million streams every 3 minutes, but only 5% of OTT audio users pay for it</a>

Indian brides go austere with lower priced, light-embroidery trousseaus this season

<keyword id="6356662" type="General" weightage="20" keywordseo="Singapore" source="Orion">Singapore</keyword>, a vibrant and modern city-state, offers a blend of cultural heritage, modern attractions, and natural beauty. It's a popular destination for travelers from India, thanks to its proximity, cultural similarities, and an array of exciting attractions. Here’s a guide to some of the <keyword id="21879861" type="General" weightage="100" keywordseo="Best-places-to-visit-in-Singapore" source="Orion">best places to visit in Singapore</keyword> that will captivate <keyword id="20102333" type="General" weightage="20" keywordseo="Indian-tourists" source="keywords">Indian tourists</keyword>. <cmsannotation type="cmsannotation" annotationid="1. Marina Bay Sands" comment="subhead" text="1. Marina Bay Sands">1. <keyword id="21172707" type="General" weightage="20" keywordseo="Marina-Bay-Sands" source="keywords" meta.keywordsubtype="org" meta.entityname="Marina Bay Sands" meta.hostid="261" meta.entityid="Marina Bay Sands">Marina Bay Sands</keyword></cmsannotation> <div type="image" title="1" msid="110582127" hostid="261" sizebytes="1337875" caption="&amp;lt;p&amp;gt;Iconic Marina Bay Sands with its stunning rooftop infinity pool.&amp;lt;/p&amp;gt;"></div>Marina Bay Sands is one of Singapore’s most iconic landmarks. This luxurious resort complex includes a hotel, a shopping mall, a museum, two large theatres, and a world-class casino. The highlight is the SkyPark, a rooftop infinity pool that offers stunning views of the Singapore skyline. Though access to the pool is reserved for hotel guests, visitors can still enjoy the panoramic view from the observation deck. <cmsannotation type="cmsannotation" annotationid="2. Gardens by the Bay" comment="subhead" text="2. Gardens by the Bay">2. Gardens by the Bay</cmsannotation> <div type="image" title="2" msid="110582147" hostid="261" sizebytes="2496276" caption="&amp;lt;p&amp;gt;The futuristic Supertree Grove at Gardens by the Bay.&amp;lt;/p&amp;gt;"></div>Located next to Marina Bay Sands, Gardens by the Bay is a futuristic park spanning 101 hectares. It features the famous Supertree Grove, Cloud Forest, and Flower Dome. The Supertrees, with their towering vertical gardens, come alive at night with a spectacular light and sound show. The Flower Dome showcases plants from around the world, while the Cloud Forest houses a stunning indoor waterfall. <cmsannotation type="cmsannotation" annotationid="3. Sentosa Island" comment="subhead" text="3. Sentosa Island">3. Sentosa Island</cmsannotation> <div type="image" title="3" msid="110582166" hostid="261" sizebytes="1946087" caption="&amp;lt;p&amp;gt;Enjoy thrilling rides at Universal Studios Singapore on Sentosa Island.&amp;lt;/p&amp;gt;"></div>Sentosa Island is a resort destination that offers a variety of attractions. Universal Studios Singapore, an exciting theme park with rides and shows, is a major draw for families. The island also features beautiful beaches, the S.E.A. Aquarium, Adventure Cove Waterpark, and the Sentosa Merlion. Visitors can reach Sentosa via a scenic cable car ride from Mount Faber. <cmsannotation type="cmsannotation" annotationid="4. Little India" comment="subhead" text="4. Little India">4. <keyword id="21879864" type="General" weightage="20" keywordseo="Little-India" source="keywords">Little India</keyword></cmsannotation> <div type="image" title="4" msid="110582180" hostid="261" sizebytes="1933820" caption="&amp;lt;p&amp;gt;Colorful shops and vibrant streets of Little India.&amp;lt;/p&amp;gt;"></div>Little India is a vibrant neighbourhood that feels like a home away from home for Indian tourists. The area is filled with colourful shops, traditional Indian restaurants, and cultural landmarks like the Sri Veeramakaliamman Temple. The bustling Mustafa Centre, a 24-hour shopping complex, offers everything from electronics to groceries. <cmsannotation type="cmsannotation" annotationid="5. Chinatown" comment="subhead" text="5. Chinatown">5. Chinatown</cmsannotation> <div type="image" title="5" msid="110582223" hostid="261" sizebytes="1831455" caption="&amp;lt;p&amp;gt;Explore cultural heritage at the Buddha Tooth Relic Temple in Chinatown.&amp;lt;br&amp;gt;&amp;lt;/p&amp;gt;"></div>Chinatown is a cultural enclave that showcases Singapore’s rich Chinese heritage. Visitors can explore the Chinatown Heritage Centre, visit the beautiful Buddha Tooth Relic Temple, and enjoy delicious street food at Chinatown Food Street. The area is also known for its traditional shops and markets selling souvenirs, textiles, and antiques. <cmsannotation type="cmsannotation" annotationid="6. Orchard Road" comment="subhead" text="6. Orchard Road">6. Orchard Road</cmsannotation> <div type="image" title="6" msid="110582243" hostid="261" sizebytes="2265189" caption="&amp;lt;p&amp;gt;Shop till you drop at the luxurious malls on Orchard Road.&amp;lt;/p&amp;gt;"></div>Orchard Road is Singapore’s premier shopping destination. This bustling boulevard is lined with luxury boutiques, department stores, and shopping malls. Popular malls include ION Orchard, Ngee Ann City, and Paragon. Besides shopping, Orchard Road offers a variety of dining options, from high-end restaurants to casual eateries. <cmsannotation type="cmsannotation" annotationid="7. Singapore Zoo and Night Safari" comment="subhead" text="7. Singapore Zoo and Night Safari">7. Singapore Zoo and Night Safari</cmsannotation> <div type="image" title="7" msid="110582255" hostid="261" sizebytes="2702872" caption="&amp;lt;p&amp;gt;Experience wildlife up close at the Singapore Zoo.&amp;lt;/p&amp;gt;"></div>The Singapore Zoo is renowned for its open-concept exhibits that allow animals to roam in naturalistic habitats. Highlights include the Fragile Forest, the Great Rift Valley of Ethiopia, and the Orangutan Island. Adjacent to the zoo is the Night Safari, the world’s first nocturnal zoo, offering a unique opportunity to observe nocturnal animals in their natural habitat. <cmsannotation type="cmsannotation" annotationid="8. Clarke Quay" comment="subhead" text="8. Clarke Quay">8. Clarke Quay</cmsannotation> <div type="image" title="8" msid="110582269" hostid="261" sizebytes="1373695" caption="&amp;lt;p&amp;gt;Clarke Quay&amp;#39;s lively riverside nightlife.&amp;lt;/p&amp;gt;"></div>Clarke Quay is a riverside quay that comes alive at night with a vibrant nightlife. The area is filled with restaurants, bars, and clubs, making it a popular spot for evening entertainment. Visitors can also enjoy a scenic river cruise to see Singapore’s skyline and iconic landmarks illuminated at night. <cmsannotation type="cmsannotation" annotationid="9. Singapore Flyer" comment="subhead" text="9. Singapore Flyer">9. Singapore Flyer</cmsannotation> <div type="image" title="9" msid="110582293" hostid="261" sizebytes="1554420" caption="&amp;lt;p&amp;gt;Panoramic city views from the Singapore Flyer.&amp;lt;/p&amp;gt;"></div>The Singapore Flyer is a giant observation wheel that offers breathtaking views of the city. Standing at 165 meters, it is one of the world’s tallest Ferris wheels. The 30-minute ride provides panoramic views of landmarks like Marina Bay, the Singapore River, and even parts of Malaysia and Indonesia on a clear day. <cmsannotation type="cmsannotation" annotationid="10. Haw Par Villa" comment="subhead" text="10. Haw Par Villa">10. Haw Par Villa</cmsannotation> <div type="image" title="10" msid="110582307" hostid="261" sizebytes="2497550" caption="&amp;lt;p&amp;gt;Discover Chinese mythology at the unique Haw Par Villa.&amp;lt;/p&amp;gt;"></div>Haw Par Villa is a unique theme park that showcases Chinese mythology and folklore. It features over 1,000 statues and dioramas depicting scenes from Chinese legends and history. The park is best known for its Ten Courts of Hell, a series of gruesome displays illustrating the Buddhist concept of hell. <cmsannotation type="cmsannotation" annotationid="Tips for Indian Travellers" comment="subhead" text="Tips for Indian Travellers">Tips for Indian Travellers</cmsannotation> Food: Singapore is a food lover’s paradise with a variety of Indian vegetarian and non-vegetarian options. Visit hawker centres for affordable and delicious local food. Weather: Singapore has a tropical climate. Carry light, comfortable clothing and stay hydrated. Transport: The MRT (Mass Rapid Transit) system is efficient and convenient for getting around the city. Language: English is widely spoken, making it easy for Indian tourists to communicate. Singapore’s mix of cultural experiences, modern attractions, and natural beauty makes it a wonderful destination for Indian travellers. Whether you’re exploring futuristic gardens, indulging in world-class shopping, or enjoying vibrant nightlife, Singapore has something for everyone. <cmsannotation type="cmsannotation" annotationid="Frequently asked questions" comment="subhead" text="Frequently asked questions">Frequently asked questions</cmsannotation> 1. Do I need a visa to travel to Singapore? Yes, Indian passport holders need a visa to enter Singapore. You can apply for a Singapore visa online or through authorised travel agents. The visa process is straightforward and typically takes about 3-5 working days. 2. What is the best time to visit Singapore? Singapore has a tropical climate with consistent temperatures year-round. However, the best time to visit is between February and April when the weather is relatively dry and pleasant. Avoid visiting during the monsoon seasons (November to January and June to September) when heavy rains can disrupt outdoor activities. 3. What is the local currency and how can I exchange money? The local currency is the Singapore Dollar (SGD). Money can be exchanged at banks, currency exchange counters at the airport, and authorised money changers throughout the city. ATMs are widely available, and credit cards are accepted at most establishments. 4. Is Singapore safe for tourists? Yes, Singapore is one of the safest countries in the world for tourists. It has low crime rates and a very efficient public safety system. However, it’s always advisable to take common precautions, such as safeguarding your belongings and being aware of your surroundings. 5. What is the best way to get around Singapore? Singapore has an excellent public transportation system, including the MRT (Mass Rapid Transit) and buses, which are efficient, clean, and affordable. Taxis and ride-hailing services like Grab are also widely available. The EZ-Link card or Singapore Tourist Pass are convenient options for unlimited travel on public transport. SEE ALSO: <a href="https://www.businessinsider.in/travel/international/webstories/top-10-activities-to-do-in-singapore-for-an-unforgettable-visit-in-2024/slidelist/110551251.cms" data-type="tilCustomLink" target="_blank">10 best things to do in Singapore for an unforgettable visit</a>

Best places to visit in Singapore for Indians

A sixth-grade social science textbook that I read described India as a piece of fabric, with countless threads coloured in a myriad of majestic shades, woven together. This metaphor holds exceptionally well when put into the context of our <keyword id="22706215" type="General" weightage="20" keywordseo="handloom-industry" source="keywords">handloom industry</keyword>. India has a rich history of handlooms and weaving cultures. The culture of handlooms is so intricately woven into Indian culture, that there are whole towns dedicated to the same: <keyword id="248532" type="General" weightage="20" keywordseo="Chanderi" source="Orion">Chanderi</keyword> in Madhya Pradesh to Pochampally in Telangana and a dozen more! Unfortunately, the handloom industry in India is dying. The struggle is multi-faceted, ranging from a declining workforce to fierce competition from <keyword id="20496028" type="General" weightage="20" keywordseo="power-looms" source="keywords">power looms</keyword>. Hence, five years ago, August 7 was proclaimed <keyword id="22677698" type="General" weightage="20" keywordseo="National-Handloom-Day" source="keywords">National Handloom Day</keyword> in response to this crisis and to heighten public awareness. This date holds special historical significance, commemorating the initiation of the Swadeshi Movement in 1905—a pivotal act of defiance against British colonial rule. <h2>When did this industry come into existence?</h2>According to archaeological findings, the origins of handloom in the Indian subcontinent may be traced back to the Indus Valley Civilization. The Mughal Empire was known to support and patronise <keyword id="20258864" type="General" weightage="20" keywordseo="weavers" source="keywords">weavers</keyword>. The support from the royal patrons resulted in the invention of new textiles such as ‘Mulmul’ and ‘Banarasi Brocade’ among others. This era witnessed a heightened worldwide demand for Indian textiles. In the 17th century, India produced 25% of the world’s textiles, with Bengal accounting for more than 50% of textiles and 80% of silks imported by the Dutch from Asia. <h2>What led to the decline of the <keyword id="19934660" type="General" weightage="100" keywordseo="Indian-handloom" source="keywords">Indian handloom</keyword>?</h2>The East India Company's entry fuelled the industry's initial decline, which started in the 1830s. The weavers were obliged to sell only to the British, and that too at exceedingly cheap prices, virtually putting them out of business. On the other hand, Indian cloth was taxed excessively to promote machine-made British clothing. The Industrial Revolution in Britain strengthened their indigenous textile industry, giving rise to new markets for cheaper textiles. In India, the collapse of the Mughal aristocracies meant no access to royal patronage. As a result, textiles like Khadi and muslin had little demand in the market. Circling back to the present, the industry is facing both similar and new challenges. Fabrics made on power looms are cheaper and faster to produce, in comparison to handloom fabrics. The industry is largely unorganised, and the wages are shockingly low. 67% of <keyword id="22706216" type="General" weightage="20" keywordseo="handloom-workers" source="keywords">handloom workers</keyword> are earning less than the minimum wage every month. Faced with economic challenges, the older artisans are thus forced to encourage the newer generation to choose an alternative career path. This migration of the workforce from a traditional sector is evident from the fall in the number of weavers less than 35 years of age- from 26.13 lakh in 2009-10 to 16.07 lakh in 2019-20. The majority of weavers do not have access to banking facilities, let alone institutional credit. Furthermore, if one manages to accumulate credit, there is a mismatch between the supply and demand forces due to the lack of awareness about handwoven textiles in the current generation. <h2>Initiatives for revival</h2>The cultural significance of the Indian handloom isn’t just limited to its beauty and extravagance, but it extends to our independence struggle as well. The Swadeshi movement immortalised the charkha and advocated for the use of indigenous goods. Following independence, the Indian government took many measures to revive the handloom industry. In 1953, India’s Parliament approved the Khadi and Other Handloom Industries Development Act. In 1955, the All India Handloom Fabrics Marketing Cooperative Society was formed to promote the sale of fabrics produced by handloom cooperatives across India. The National Handloom Development Programme (NHDP) aimed to provide financial assistance for marketing and production. The Handloom Weavers’ Comprehensive Welfare Scheme offers health and life insurance to weavers, to ensure social security. The organisation commenced a fortnight-long exhibition, “VIRAASAT” dedicated to celebrating the 10th National Handloom Day began at Handloom Haat in Janpath, New Delhi on Saturday, 3rd August 2024, and will conclude on 16th August 2024. The Handloom Mark scheme was introduced to authenticate handloom products, thus enabling weavers to gain better market access and ensuring that consumers get genuine products. Moreover, the India Trade Portal also mentions that the GOI plans to provide financial assistance of Rs. 30 crore to at least 10,000 handlooms. Various state governments also regularly conduct handloom expos and fairs, providing platforms for weavers to showcase and sell their products directly to consumers. <h2>Contemporary Brands and their love for Indian handloom</h2>Modern, popular designers such as <keyword id="8264" type="General" weightage="20" keywordseo="Sabyasachi" source="Orion">Sabyasachi</keyword> and <keyword id="21493890" type="General" weightage="20" keywordseo="ritu-kumar" source="keywords">Ritu Kumar</keyword> are known to work closely with weavers and have been doing their part by bringing worldwide attention to the handloom industries. Recently, <keyword id="1472101" type="General" weightage="20" keywordseo="Ajrakh" source="Orion">Ajrakh</keyword> was brought into the limelight when Alia Bhatt wore a custom Abu Jani Sandeep Khosla Ajrakh saree to Joy Awards in Riyadh. However, it’s not just the fashion moguls who are working towards the revival of this industry. Contemporary indie brands are partnering with local weavers, and creating awareness about their work. The emergence of such indie brands and their association with local artisans is beneficial for both entities. For instance, Joskai Studio derives its name from ‘Joskai’, a woven piece of cloth worn as a part of the traditional costume of the Tiwa community of Assam. They work with artisans in northeast India, specifically from the weaving village of Saualkuchi in Assam. Rouka by Sreejith Jeevan is a Kerala-based brand that works strictly with weavers from Kerala, specifically Chendamangalam and Kuthampally. <h2>Employment and Exports</h2>According to the Indian Trade Portal, the Indian handloom sector is the country’s second-largest employer after agriculture in rural areas. The Handloom Census 2019-20 mentions that the industry employs about 35,22,512 workers across the country, with women forming 77.29% of the workforce. India is the second largest exporter of handloom products in the world, with exports valued at $ 353.9 million in 2017- 18, as per EXIM bank's working papers. The major handloom export centres are Karur, Panipat, Varanasi and Kannur where handloom products like bed linen, table linen, toilet linen, floor coverings, and embroidered textile materials and curtains etc. are produced for export markets. During April 2021-February 2022, India exported handloom products worth 1693 crore, as per Indian Trade Portal. Indian silk scarves also form a sizable chunk of total handloom exports, in addition to home textiles like carpets, rugs and mats, which constitute over 13.6% of India’s total handloom exports. <h2>The Path Forward</h2>The mere existence of organisations and allocation of funds isn’t enough to sustain the legacy of India’s rich handloom industry. Big corporations working with local weavers ensure employment but don't protect them from exploitation and meagre wages, leaving them vulnerable. The people in power ought to come up with strategies that ensure the trickle-down effect of the schemes and funds. The new generation of buyers has a greater purchasing power than the one before them. Marketing focused on bringing Indian handloom practices into the limelight can do wonders in this case.

Fabric of a nation: Sustaining India's handloom legacy in modern times

Welcome to Turkey, a land where the East meets the West, where ancient history intertwines with modern charm, and where every corner tells a story. As an Indian traveller, you're in for a treat as you explore this beautiful country. From the bustling streets of Istanbul to the surreal landscapes of Cappadocia, Turkey offers a diverse range of experiences that will leave you mesmerised. In this travel guide, we'll take you through everything you need to know to make the most of your trip to <keyword id="21880343" type="General" weightage="20" keywordseo="Turkey-in-2024" source="Orion">Turkey in 2024</keyword>. <cmsannotation type="cmsannotation" annotationid="Visa Requirements" comment="subhead" text="Visa Requirements">Visa Requirements</cmsannotation> Before you go on your journey to Turkey, make sure to check the visa requirements. Indian citizens need to apply for an e-visa online before arriving in Turkey. The process is straightforward and can be done through the official website of the Turkish government. Make sure to apply for your visa well in advance to avoid any last-minute hassles. <cmsannotation type="cmsannotation" annotationid="Best Time to Visit Turkey" comment="subhead" text="Best Time to Visit Turkey"><keyword id="21880344" type="General" weightage="20" keywordseo="Best-time-to-visit" source="keywords">Best Time to Visit</keyword> Turkey</cmsannotation> Turkey experiences a variety of climates due to its diverse geography. The best time to visit depends on the regions you plan to explore. For coastal areas like Istanbul, Antalya, and Bodrum, the best time to visit is during the spring (April to June) and autumn (September to November) when the weather is pleasant and the crowds are fewer. If you're planning to visit inland destinations like Cappadocia, the summer months (June to August) are ideal, although it can get quite hot. Winter (December to February) is the best time for skiing enthusiasts to visit the mountains in regions like Uludağ and Erciyes. <cmsannotation type="cmsannotation" annotationid="Must-Visit destinations in Turkey" comment="subhead" text="Must-Visit destinations in Turkey"><keyword id="20803892" type="General" weightage="20" keywordseo="Must-visit-destinations" source="keywords">Must-Visit destinations</keyword> in Turkey</cmsannotation> <cmsannotation type="cmsannotation" annotationid="Istanbul" comment="subhead" text="Istanbul">Istanbul</cmsannotation> Istanbul, Turkey's largest city, straddles the Bosphorus Strait, blending two continents, Europe and Asia. This vibrant metropolis is a treasure trove of history, culture, and stunning architecture. Start your journey at the Hagia Sophia, a monumental structure that has served as a cathedral, mosque, and now a museum. Its massive dome and intricate mosaics are awe-inspiring. Nearby, the Blue Mosque, with its six minarets and exquisite blue tiles, is a must-visit. Wander through the bustling Grand Bazaar, one of the world's oldest and largest covered markets, where you can shop for spices, textiles, and souvenirs. Don't miss a leisurely Bosphorus cruise to enjoy breathtaking views of the city's skyline, palaces, and fortresses. Istanbul's rich history, vibrant street life, and culinary delights make it an unforgettable destination. <cmsannotation type="cmsannotation" annotationid="Cappadocia" comment="subhead" text="Cappadocia">Cappadocia</cmsannotation> Cappadocia, located in central Turkey, is famous for its unique landscapes that look like they've been plucked from a fairy tale. The region is characterised by its "fairy chimneys," tall, cone-shaped rock formations that are best viewed from a hot air balloon at sunrise. This surreal experience offers panoramic views of the valleys and villages below. Explore the ancient underground cities of Kaymaklı and Derinkuyu, which provided refuge to early Christians. These subterranean networks are fascinating, with their tunnels, living quarters, and churches. Another highlight is the Göreme Open-Air Museum, a UNESCO World Heritage site, featuring rock-cut churches adorned with beautiful frescoes. Cappadocia's unique geology and historical significance make it a magical place to explore. <cmsannotation type="cmsannotation" annotationid="Pamukkale" comment="subhead" text="Pamukkale">Pamukkale</cmsannotation> Pamukkale, meaning "Cotton Castle" in Turkish, is a natural wonder in southwestern Turkey. It is renowned for its stunning white terraces formed by mineral-rich thermal waters. Visitors can walk barefoot on these terraces, soaking in the warm waters while enjoying panoramic views of the surrounding countryside. At the top of the terraces lies the ancient city of Hierapolis, a UNESCO World Heritage site. Explore the ruins of this Greco-Roman city, including a well-preserved theatre, ancient baths, and the Necropolis, the largest ancient cemetery in Turkey. Don't miss the Cleopatra Pool, a thermal pool where you can swim among submerged columns and ruins. Pamukkale's combination of natural beauty and ancient history offers a unique and relaxing experience. <cmsannotation type="cmsannotation" annotationid="Ephesus" comment="subhead" text="Ephesus">Ephesus</cmsannotation> Ephesus, located near the modern town of Selçuk, is one of the best-preserved ancient cities in the Mediterranean. This archaeological wonder provides a glimpse into life during the Roman Empire. Walk along Marble Street to the grand Library of Celsus, which once held thousands of scrolls and is a magnificent example of Roman architecture. The Great Theatre, with a seating capacity of 25,000, is another highlight and is still used for performances today. Visit the Temple of Artemis, one of the Seven Wonders of the Ancient World, though only a single column remains. The House of the Virgin Mary believed to be the final resting place of Mary, the mother of Jesus, is a pilgrimage site located nearby. Ephesus's historical significance and impressive ruins make it a must-see destination. <cmsannotation type="cmsannotation" annotationid="Antalya" comment="subhead" text="Antalya">Antalya</cmsannotation> Antalya, often referred to as the "Turkish Riviera," is a beautiful coastal city on the Mediterranean. It offers a perfect blend of natural beauty, historical sites, and modern amenities. Relax on the pristine beaches with crystal-clear waters, such as Lara Beach and Konyaaltı Beach. Explore the old town of Kaleiçi, with its narrow cobblestone streets, historic Ottoman houses, and vibrant bazaars. Visit the Antalya Museum, which houses an extensive collection of artefacts from the region's rich history. Nearby, the ancient ruins of Perge and Termessos offer fascinating insights into the area's past. Perge is known for its impressive stadium and Roman baths, while Termessos, located in the Taurus Mountains, provides stunning views and a sense of ancient isolation. Antalya's scenic beauty, combined with its historical treasures, make it a captivating destination for any traveller. <cmsannotation type="cmsannotation" annotationid="Cultural Etiquette" comment="subhead" text="Cultural Etiquette">Cultural Etiquette</cmsannotation> Turks are known for their hospitality, so don't be surprised if you're invited for tea or coffee by locals. When visiting mosques, dress modestly and remove your shoes before entering. It's customary to greet people with a handshake and a smile. Remember to use your right hand for eating and greeting, as the left hand is considered unclean in Turkish culture. <cmsannotation type="cmsannotation" annotationid="Food and Cuisine" comment="subhead" text="Food and Cuisine">Food and Cuisine</cmsannotation> <keyword id="21880345" type="General" weightage="20" keywordseo="Turkish-cuisine" source="keywords">Turkish cuisine</keyword> is a delightful fusion of flavours influenced by various cultures throughout history. Don't miss out on trying these delicious dishes: Kebabs: Whether it's Adana kebab, doner kebab, or shish kebab, you're in for a treat. Mezes: A variety of appetisers like hummus, baba ghanoush, and dolma. Baklava: Indulge in this sweet pastry made of layers of filo filled with nuts and sweetened with syrup. Turkish Tea and Coffee: Enjoy a cup of strong Turkish coffee or fragrant tea served in traditional tulip-shaped glasses. <cmsannotation type="cmsannotation" annotationid="Safety Tips" comment="subhead" text="Safety Tips">Safety Tips</cmsannotation> Turkey is generally a safe destination for tourists, but it's always wise to exercise caution, especially in crowded areas. Keep an eye on your belongings and be wary of pickpockets, especially in touristy areas. Respect local customs and traditions to avoid any misunderstandings. With its rich history, stunning landscapes, delicious cuisine, and warm hospitality, Turkey offers an unforgettable experience for Indian travellers. Whether you're exploring ancient ruins, relaxing on pristine beaches, or wandering through vibrant bazaars, Turkey has something for everyone. So pack your bags, embark on this adventure, and create memories that will last a lifetime in the enchanting land of Turkey.

Your ultimate travel guide to Turkey for Indian travellers in 2024

Despite geopolitical tensions in <keyword id="19897269" type="General" weightage="20" keywordseo="europe" source="keywords">Europe</keyword> and the <keyword id="19904316" type="General" weightage="20" keywordseo="middle-east" source="keywords">Middle East</keyword>, <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s <keyword id="20631272" type="General" weightage="20" keywordseo="merchandise-exports" source="keywords">merchandise exports</keyword> grew by 5.8% to $109.96 billion compared to $103.9 billion in the same period last year, according to a CRISIL report. The report states that the deceleration in the growth momentum of exports in June compared to May was largely due to an 18.2% contraction in oil exports. The growth momentum slowed down in June, with merchandise exports increasing by only 2.6% year-on-year, down from 9.1% in May. Non-oil exports continued to maintain steady growth, rising by 7.7% in June, almost in line with the 7.8% growth recorded in May. Services exports exhibited a strong performance in June, contributing positively to the overall trade scenario. The positive aspect is that merchandise imports grew at a slower pace of 5% year-on-year in June, down from 7.7% in May. However, core imports, excluding oil and gold, surged by 7.1%, increasing from the 0.8% growth in the previous month. This spike in core imports was partially driven by a low base effect from the previous year. Despite the positive growth in exports, the <keyword id="20201391" type="General" weightage="20" keywordseo="trade-deficit" source="keywords">trade deficit</keyword> widened to $21 billion in June from $19.2 billion in the same month last year. For the first quarter, cumulative imports rose by 7.7% to $172.4 billion from $160 billion, resulting in a trade deficit of $62.44 billion, up from $56.1 billion. This widening deficit was mainly due to a higher oil trade deficit, while the non-oil trade deficit narrowed. Services exports were a bright spot, increasing by 10.2% year-on-year to $29.76 billion in May. On the other hand, service import growth moderated to 5.4%, down from 19.1% in the previous month. Consequently, the services trade surplus expanded to $13.02 billion, up from $11.1 billion in May last year. Oil exports fell by 18.3% year-on-year and 18.5% month-on-month in June, despite stable international prices. This suggests a reduction in export volumes, with exports falling to $5.5 billion from $6.8 billion in June last year and the previous month. Oil imports increased by 19.6% in June compared to 28% in May, driven by domestic demand and local refineries operating above capacity. Sectors such as drugs and pharmaceuticals, engineering goods, organic and inorganic chemicals, and ready-made garments showed positive growth. However, pharmaceuticals (9.9% vs. 10.5%) and ready-made garments (3.7% vs. 9.8%) saw slower growth compared to May. Gems and jewellery exports continued to decline, marking the seventh consecutive month of negative growth at -1.4% year-on-year. Growth in carpets, handloom products, man-made products, plastics, and linoleum was positive but slower than the previous month. Handmade carpets (-16.6% vs. 20.6%), jute manufacturing (-11.1% vs. -5.2%), and leather products (-2.2% vs -2.1%) recorded contractions. Cashew exports have been declining since 2018, with only sporadic months of positive growth. In June, cashew exports fell by 7.3%, an improvement from the 25.8% decline in May. Coffee (70% vs. 64.2%), fruits and vegetables (7% vs. 20.8%), rice (1% vs. 2.8%), spices (9.8%vs. 20.3%), tea (3.2% vs. 19.6%), and tobacco (37.7% vs. 58.4%) saw slower growth compared to May. Marine products (-7.7% vs. -3.9%) and meat, dairy, and poultry products (-13.9% vs. 22.9%) also experienced a decline. Increases were noted in electronic goods (15.9% vs. 6.7%), fruits and vegetables (22.6% vs. 3%), non-ferrous metals (47.6% vs. 1.1%), project goods (31.4% vs. -44.3%), textiles and yarn fabric made-up articles (23.8% vs. -1.1%), and wood products (16.2% vs. -7.2%). The fiscal year has started positively with steady merchandise export growth in the first quarter. Encouragingly, multilateral organisations have forecasted better year-on-year trade growth. The Indian government's focus on foreign trade agreements (FTAs) is expected to further boost trade. However, the persistent growth in imports surpassing exports is a concern, widening the trade deficit. The recent US tariff hikes on Chinese imports could lead to potential dumping by China in the Asian market, including India, which requires close monitoring. Despite these challenges, the expected moderation in domestic growth may help contain import growth and the trade deficit. The service trade surplus and robust remittance flows are positive indicators that the current account will remain stable.

Indian exports show resilience amid global challenges in first quarter, says CRISIL report

A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s <keyword id="23820" type="General" weightage="20" keywordseo="footwear" source="Orion">footwear</keyword> and leather products export trade vulnerable, said <keyword id="183985" type="General" weightage="50" keywordseo="crisil-ratings" source="Orion">Crisil Ratings</keyword>. "Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies," it said in a report titled 'The Slowdown Shadow'. It said since these regions being two of India's largest export destinations, a slowdown in their economies would lower demand for Indian <keyword id="35090" type="General" weightage="20" keywordseo="exports" source="Orion">exports</keyword>. Many economists and global institutions earlier projected to a global slowdown in 2023, as the impact of continued monetary policy tightening across major economies manifests. Raising interest rates typically cools demand in the economy and thus helps in managing inflation, but it also has the potential to trigger a slowdown in overall economic activities. "Advanced economies are expected to bear the brunt as they aggressively pursued monetary tightening in 2022," <keyword id="6359483" type="General" weightage="100" keywordseo="crisil" source="Orion">Crisil</keyword> said. The forecast of a global slowdown, Crisil said, is worrisome because India's growth cycles have become highly synchronised with those of advanced economies over the years. "The most important and direct impact of this will be reduced demand for Indian goods abroad. The US and European Union (EU) are two of the largest destinations, accounting for 18 per cent and 15.4 per cent, respectively, of India's merchandise exports in fiscal 2022," it added. It also raised concerns about India's textile exports. "It is noteworthy that labour-intensive categories such as leather articles, footwear, and textiles have the highest export dependence on these advanced economies," the report added.

India's footwear, textile exports vulnerable to global slowdown: Crisil

New Delhi [India], November 13 (ANI): <keyword id="178886" type="General" weightage="20" keywordseo="indian-manufacturing" source="Orion">Indian manufacturing</keyword> has accelerated through the second quarter of 2023-24 and is likely to continue for the subsequent quarters of the financial year 2023-24, notwithstanding the slowdown in developed nations, industry body <keyword id="19481819" type="General" weightage="20" keywordseo="ficcis-latest-quarterly" source="Orion">FICCI's latest quarterly</keyword> survey revealed. The industry body's latest quarterly survey assessed the performance and sentiments of manufacturers for the July-September 2023-24 quarter for ten major sectors -- automotive and auto components, capital goods and construction equipment, cement, chemicals fertilizers and pharmaceuticals, electronics and white goods, machine tools, metal and metal products, textiles, apparels and technical textiles, paper, and miscellaneous. It sought responses from over 380 manufacturing units from both the large and SME segments with a combined annual turnover of over Rs 4.88 lakh crores. The existing average capacity utilization in the Indian manufacturing sector is around 74 per cent, slightly higher than the 73 per cent recorded during the previous quarters. The future <keyword id="628648" type="General" weightage="20" keywordseo="investment-outlook" source="Orion">investment outlook</keyword> has also improved as compared to the previous quarter as over 57 per cent of respondents reported plans for investments and expansions in the coming six months. This is also a slight improvement over the previous survey. In terms of major constraints, demand is a limiting factor to realise the true potential of the manufacturing sector in India, with over 40 per cent of respondents highlighting this as a significant constraint. "Whether it is domestic demand or exports, this remains a major limiting factor. Some other constraints, though not major ones are high raw material prices, increased cost of finance, logistics, and other supply chain disruptions are some of the major constraints which are affecting expansion plans of the respondents," finds the FICCI survey. The table below gives the average capacity utilization for various sub-sectors of manufacturing: On the export front, performance seems to be better than in previous quarters as over 48 per cent of the respondents reported higher exports in July-September 2023-24 as compared to 33 per cent in Q1 2023-24. "However, further improvement in export demand is required in the light of the country's growth aspiration," FICCI said. Further, the hiring outlook, according to the survey, looks stable with around 38 per cent of the respondents looking at hiring additional workforce in the next three months. "Most sectors have sufficient labour force engaged in their operations and are not facing a shortage of labour at factories. While 82 per cent of our respondents mentioned that they do not have any issues with workforce availability, the remaining 18 per cent feel that there is still a lack of skilled workforce available in their sector," FICCI noted. (ANI)

Indian manufacturing sector growth expected to continue: FICCI survey

<ul><li>The Indian government today announced the <keyword id="12255350" type="General" weightage="20" keywordseo="pm-mitra-yojana" source="Orion">PM Mitra Yojana</keyword> to support the <keyword id="110104" type="General" weightage="20" keywordseo="textile-industry" source="Orion">textile industry</keyword>. </li><li>Under the scheme, seven mega integrated <keyword id="711772" type="General" weightage="20" keywordseo="textile-parks" source="Orion">textile parks</keyword> will be set up across the country. </li><li>An outlay of ₹4,445 crore has been estimated for the scheme. </li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/">Business Insider</a>. </li></ul>In a bid to give a boost to India's textile sector, the government today announced the PM Mitra Yojana (Plan), inviting states across the country to bid for setting up seven mega integrated textile regions and apparel parks. Addressing a press conference, union ministers Piyush Goyal and Anurag Thakur announced that the PM Mitra Yojana has a total outlay of ₹4,445 crore ($593 million), hoping that it will provide direct employment to 7 lakh people and indirect employment to 14 lakh people. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Scheme </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Outlay </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Details </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Development capital support </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,345 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to ₹500 crore per greenfield park, ₹200 crore per brownfield park </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Competitive incentive support </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,100 crore </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to ₹300 crore per park, ₹10 crore per unit per year for 3 years </td></tr></tbody></table> The new plan has come within a month after the government <a href="https://www.businessinsider.in/policy/news/union-cabinet-approves-pli-scheme-worth-10683-crore-for-textiles/articleshow/86035041.cms">announced</a> a production-linked incentive (PLI) scheme worth ₹10,683 crore for the textile industry in September, 2021. These are the highlights of the PM Mitra Yojana, as revealed in the cabinet briefing on Oct 6: According to Goyal, the scheme is divided into two parts – development capital support and competitive incentive support. Under the development capital support option, the government will offer to pour in 30% of the total project cost, which is estimated to be around ₹1,700 crore per park. This brings the government’s contribution to ₹500 crore per park. Goyal further clarified that greenfield parks will get ₹500 crore support, while brownfield parks will get ₹200 crore only. Greenfield parks refer to those which will be built up from scratch. The term brownfield refers to the expansion or improvement of existing projects. The second option is competitive incentive support, which aims to provide support to those firms which are the first-movers in these textile parks. This scheme is first-come first-serve for the firms which want to reap the benefits will have to approach the government or the textile park. Each unit will have to employ a minimum of 100 people to be eligible. Eligible units will get an incentive of ₹10 crore per annum for the first three years. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/triton-model-h-electric-suv-india-live-pictures-leaked/articleshow/86805977.cms">Exclusive: First live pics of Triton Model H electric SUV leaked ahead of next week’s launch</a> <a href="https://www.businessinsider.in/india/news/heres-why-indias-coal-shortage-may-not-immediately-push-up-electricity-bills-but-household-expenses-will-still-rise/articleshow/86806149.cms">Here’s why India’s coal shortage may not immediately push up electricity bills but household expenses will still rise</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-network-down-in-india-no-internet-no-calls/articleshow/86802857.cms">#JioDown: Reliance Jio network goes down in certain circles, users report they cannot use internet or make calls</a>

India’s plan for new textile parks includes a ₹10 crore incentive each year for units with 100 employees

Textiles, cigarette makers and other stocks that have rallied since the budget

When you visit <keyword id="56022" type="General" weightage="20" keywordseo="Mauritius" source="Orion">Mauritius</keyword>, you can enjoy a lively shopping experience at its bustling markets, which are popular among both locals and tourists. These markets are full of colorful stalls with various scents and sights. You can find hidden gems waiting to be discovered. Let's explore the vibrant world of Mauritius' markets and immerse ourselves in the island's rich culture. <h3>Port Louis Central Market</h3>Located in the heart of the capital city, Port Louis Central Market is a bustling market offering a wide range of goods. From fresh fruits, vegetables, and spices to handicrafts, textiles, and souvenirs, this market is a treasure trove for any shopper. Bargaining is common here, so you can try your skills to get the best deals. <h3>Quatre-Bornes Market</h3>Known as the "Textile Capital" of Mauritius, Quatre-Bornes Market is a paradise for fabric enthusiasts and bargain hunters. Here, you can find a vast selection of textiles, clothing, and accessories at affordable prices. The market also offers handicrafts and other souvenirs for you to take back home. <h3>Flacq Market</h3>Flacq Market, the largest open-air market in Mauritius, is an authentic experience not to be missed. Held every Sunday, the market offers an array of products, including local produce, clothing, accessories, and home goods. It's an excellent place to immerse yourself in the Mauritian culture and find unique souvenirs. <h3>Grand Baie Bazaar</h3>Located in the popular tourist destination of Grand Baie, this bazaar is perfect for tourists looking for a shopping spree. It features an array of stalls selling clothing, beachwear, handicrafts, and souvenirs. The market's lively atmosphere adds to the excitement of shopping here. <h3>Mahebourg Market</h3>Situated in the charming coastal town of Mahebourg, this market offers a glimpse into the local way of life. You can find a variety of items, from clothing and accessories to local snacks and souvenirs. Don't miss the chance to sample some delicious street food while you're here. <h3>Curepipe Market</h3>Curepipe Market is a great place to shop for high-quality textiles, including shirts, sarees, and linens. It's also an excellent spot to pick up locally made handicrafts and home décor items. The market is known for its reasonable prices and friendly vendors. <h3>Goodlands Market</h3>Goodlands Market is another gem for budget-friendly shopping. The market is particularly famous for its selection of clothing and accessories. You can find trendy pieces at affordable prices, making it an ideal place for the fashion-conscious traveler. <h3>Flic en Flac Open-Air Market</h3>If you're staying in the Flic en Flac area, make sure to visit this open-air market. It offers an extensive range of souvenirs, beachwear, and locally crafted items that capture the essence of Mauritius. <h3>Rose-Hill Market</h3>Rose-Hill Market is a local market frequented by residents of Mauritius. It's an excellent place to experience the authentic local shopping scene and purchase everyday items at reasonable prices. <h3>Cascavelle Shopping Village</h3>While not a traditional market, Cascavelle Shopping Village is a shopping complex that provides a mix of local and international brands. It's a great place to find branded items at competitive prices.

You Searched For "Indian textile" and got 12 results

Indian textile exports to remain strong amid global shifts; FTA negotiations with EU to offer growth opportunities

ANI

Indian textile exports surge by 9.59% in May despite global economic challenges

ANI

Indian brides go austere with lower priced, light-embroidery trousseaus this season

Katya Naidu

Best places to visit in Singapore for Indians

Ayush Mehrotra

Fabric of a nation: Sustaining India's handloom legacy in modern times

Prerna Tyagi

Your ultimate travel guide to Turkey for Indian travellers in 2024

Ayush Mehrotra

Indian exports show resilience amid global challenges in first quarter, says CRISIL report

ANI

India's footwear, textile exports vulnerable to global slowdown: Crisil

ANI

Indian manufacturing sector growth expected to continue: FICCI survey

ANI

India’s plan for new textile parks includes a ₹10 crore incentive each year for units with 100 employees

Rounak Jain

Textiles, cigarette makers and other stocks that have rallied since the budget

Bhakti Makwana

10 best markets in Mauritius that Indian travellers should explore

Ayush

Shagun

Popular Keywords

Buying Guides