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India's technical textile exports are set to surpass the $10 billion target by 2030, according to textiles minister Giriraj Singh. The country will soon produce niche carbon fibre, currently imported from various countries. Efforts under the National Technical Textiles Mission and the PLI scheme are driving this growth.

The Economic Times

India to soon produce carbon fibre: Giriraj Singh

India's technical textile exports are set to surpass the $10 billion target by 2030, according to textiles minister Giriraj Singh. The country will soon produce niche carbon fibre, currently imported from various countries. Efforts under the National Technical Textiles Mission and the PLI scheme are driving this growth.

Decoratives

Textiles

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Fri, Sep 6, 2024

India is set to introduce INDIAsize, a new clothing sizing system tailored to Indian body types, replacing UK and US-based sizes. This initiative, led by textiles minister Giriraj Singh, aims to address fitting issues and will be launched soon. Additionally, the VisioNxt Fashion Forecasting Initiative will combine AI and EI to predict fashion trends specific to India.

The Economic Times

India’s own body size chart for clothes soon: Giriraj Singh

India is set to introduce INDIAsize, a new clothing sizing system tailored to Indian body types, replacing UK and US-based sizes. This initiative, led by textiles minister Giriraj Singh, aims to address fitting issues and will be launched soon. Additionally, the VisioNxt Fashion Forecasting Initiative will combine AI and EI to predict fashion trends specific to India.

Textiles

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Thu, Sep 5, 2024

India's textile industry is projected to grow to $350 billion by 2030, creating 3.5 crore jobs, according to textiles minister Giriraj Singh. The Bharat Tex 2025 event aims to boost India's global sourcing and investment appeal, featuring over 5,000 exhibitors and attracting international buyers and speakers.

The Economic Times

India’s textile industry to grow to $350 bn by 2030, add 3.5 cr jobs

India's textile industry is projected to grow to $350 billion by 2030, creating 3.5 crore jobs, according to textiles minister Giriraj Singh. The Bharat Tex 2025 event aims to boost India's global sourcing and investment appeal, featuring over 5,000 exhibitors and attracting international buyers and speakers.

Textiles

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Wed, Sep 4, 2024

Textiles Minister Giriraj Singh announced that the government has sanctioned a production-linked incentive (PLI) scheme exceeding Rs 10,000 crore for the textiles industry, with plans under consideration to extend it to the garments sector. Additionally, he highlighted that the ministry is developing a strategy to surpass China in the textile sector.

The Economic Times

PLI worth Rs 10,000 crore approved for textiles: Minister Giriraj Singh

Textiles Minister Giriraj Singh announced that the government has sanctioned a production-linked incentive (PLI) scheme exceeding Rs 10,000 crore for the textiles industry, with plans under consideration to extend it to the garments sector. Additionally, he highlighted that the ministry is developing a strategy to surpass China in the textile sector.

Textiles

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Tue, Jun 25, 2024

In 2021, the government approved the PLI scheme for textiles with an approved outlay of Rs 10,683 crore over a five year period to promote production of MMF (man-made fibre) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive.

The Economic Times

Considering PLI scheme for garments sector: Textiles Minister Giriraj Singh

In 2021, the government approved the PLI scheme for textiles with an approved outlay of Rs 10,683 crore over a five year period to promote production of MMF (man-made fibre) Apparel, MMF Fabrics and Products of Technical Textiles in the country to enable textiles industry to achieve size and scale and to become competitive.

Decoratives

Retail

Textiles

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Tue, Jun 25, 2024

Stocks News

VCs happy with returns as early backers offload 10% stake in Honasa Consumer: Varun Alagh

According to the bulk deal data available on the National Stock Exchange (NSE), Peak XV Partners sold a 3.81% stake in Honasa Consumer and Fireside Ventures offloaded a 2.03% stake in the company.

HONASA

Gainers & Losers: NTPC, Aavas Financiers among 6 stocks in action on Thursday

Indian headline indices reached record highs on Thursday, with the Nifty surpassing 25,000 and closing at 83,184.80, while the Sensex ended at 25,415.80, driven by HDFC Bank.

Stock market update: FMCG stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

BSE

Motisons Jewellers board OKs 1:10 stock split proposal

Motisons Jewellers said that its board had approved a proposal to split one equity share of the company having face value of Rs 10 each into ten equity shares with a face value of Re 1 each.

MOTISONS

Bharti Airtel becomes 4th Indian company to achieve ₹10 lakh crore in market capitalisation

The stock of Bharti Airtel rallied more than 3% in Thursday’s trade, taking the year-to-date gains to 62%. In comparison, the benchmark Nifty has gained 17% during the same period.

BHARTIARTL

Top Gainers and Losers today on 19 September, 2024: NTPC, Kotak Mahindra Bank, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 236.57 points, or 0.29, to settle at 82948.23, while the Nifty gained 38.25 points, or 0.15, to close at 25377.55.

Siemens Ltd receives nod for energy business demerger; stock trades flat

Siemens Ltd to transfer demerged energy business to wholly-owned subsidiary

SIEMENS

ICICI Bank, Bharti Airtel, NTPC—Over 240 shares jump to 1-year peaks; Sensex, Nifty 50 hit record highs

Stocks at record high: As many as 241 stocks, including ICICI Bank, Bharti Airtel, NTPC and Britannia Industries, hit their fresh 52-week highs in intraday trade on BSE on Thursday, September 19.

Unique Picks: Stocks held by only one MF scheme in August, rally upto 280% in CY24

ETMarkets' latest mutual fund analysis explores stocks held by just one scheme. As of August 2024, we identified 157 of these stocks. To refine our focus, we concentrated on those with a mutual fund market value exceeding ₹20 crore and a share price increase of over 20% in calendar year 2024 to date.

FOCUS

Lokesh Machines to make heavy machine guns; stock plummets

Lokesh Machines secures manufacturing licence for 12.7-30 mm calibre guns

LOKESHMACH

Stock Split: Motisons Jewellers, after a 50% surge in a month, will divide its shares

Record date for the stock split has been fixed as Saturday, November 9, 2024.

MOTISONS

Veeram Securities Ltd leads losers in 'B' group

P N Gadgil Jewellers Ltd, Ecos (India) Mobility & Hospitality Ltd, Kriti Industries (India) Ltd and PTC India Ltd are among the other losers in the BSE's 'B' group today, 19 September 2024.

‘Most enduring gift to humankind’: Anand Mahindra excited about Elon Musk-owned Neuralink's ‘Blindsight’ device

Indian business tycoon Anand Mahindra has expressed his excitement about Elon Musk's Neuralink company and its potential to revolutionise vision restoration.

M&M

NTPC Green Energy files DRHP for proposed IPO of Rs 10,000 cr

NTPC Green Energy (NGEL), a subsidiary of NTPC, has filed a draft red herring prospectus (DRHP) dated 18 September, 2024, with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in respect of its proposed initial public offer (IPO) of equity shares, subject to receipt of requisite approvals, market conditions and other considerations.

NTPC

BSE

Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains

If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.

IDEA

SPECTRUM

REC shares drop 4.81% as Sensex rises

A total of 494,040 shares changed hands on the counter till 01:59PM (IST)