| India : Textile ministry allocated Rs 661cr in XI Five Year Plan (January 29, 11)|
The textile ministry has been allocated Rs 661 crore in the XI Five Year Plan, said Panabaka Lakshmi, Union minister of state for textiles.
| India : Textile Min to seek budgetary allocation of up to Rs 8K cr (January 29, 11)|
The Textiles Ministry today said it will seek an enhanced budgetary allocation of up to Rs 8,000 crore for 2011-12 to realise the targets fixed for the growth of the sector.
| India : Exports to fall short of targeted $25 bn (January 29, 11)|
The Textiles Ministry today said that exports are likely to fall short of the targeted about $25 billion for 2010-11, as it has reached only $11 billion till September, 2010.
| India : HC orders closure of Tirupur dyeing units (January 29, 11)|
The Madras High Court has ordered the closure of all dyeing and bleaching units in Tirupur, which generates a fifth of India's textile exports. The move will affect around 720 units, employing 40,000-50,000 workers, and cause an estimated loss of Rs 50 crore a day.
| India : IPCCI concerned over delay of Indian cotton shipments (January 28, 11)|
India Pakistan Chamber of Commerce and Industry (IPCCI) expressed concerns to Federation India Chambers of Commerce and Industry (FICCI) over delay of cotton shipments from India.
| India : Export incentives unlikely this financial year (January 28, 11)|
The government is unlikely to extend any more incentives to exporters this financial year, with the export growth rate at an impressive 36.3 per cent in December, even as they complain of a high interest rate eating away competitiveness.