India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Murshidabad (West Bengal) [India], March 31 (ANI): The silk weavers in West Bengal have been facing shrink of traditional family businesses as wages have remained very low in recent years despite the growing sales of silk garments, discouraging the youth from taking up the job opportunities in the production. Dwarka Tantipara Khadi Sanstha member Abhinash Ganai flagged his concerns, saying, 'Sales (of silk garments) have improved significantly compared to the past. The current government offers a great deal of support and various facilities. However, the new generation is not interested in this profession because the wages are very low. Whoever forms the government after the elections, they should do something for silk weavers and spinners, because they get low wages, because of which they don't want to work.' Speaking to ANI, Anindya Choudhury, a retailer of silk garments, said that due to the low wages, the young generation is moving elsewhere for work. He urged that the government which will be formed after the Assembly elections must pay close attention towards the upliftment of the silk industry with adequate budget allocation and resources, essentially in the production stages. 'The price of silk has increased significantly compared to the past. Therefore, regardless of which government comes to power following this election, our primary expectation is that, moving forward, they should pay closer attention to the silk industry, specifically concerning the younger generation. The youth are currently not showing much engagement in the traditional craft of hand-weaving and silk production; instead, an increasing number of them are migrating elsewhere to seek employment. This situation poses certain difficulties for us as well. For skilled workers, wage rates have risen somewhat, as have the overall costs of raw materials, specifically the yarn used in production... We hope that the government will pay closer attention to the silk industry in Murshidabad, specifically in the various pockets where production takes place. If the government were to focus its efforts and allocate appropriate budgetary resources to this sector, this industry could thrive once again,' he said. The polling for the 294-member Assembly in West Bengal will take place in two phases on April 23 and April 29, while counting of votes is scheduled for May 4. (ANI)
New Delhi: Prime Minister Narendra Modi on Sunday hailed the transformative role of women across India who are leading change through Self-Help Groups (SHGs), preserving heritage and shaping a new future for the nation. Speaking during the 123rd episode of his monthly radio programme Mann Ki Baat, Modi underlined how initiatives led by women are giving new strength to the 'Women-Led Development' movement. "Just as our India is known for its regional, linguistic and cultural diversity, the diversity of arts, crafts and skills is also a great quality of our country," the PM said. "Whichever ar ...Read More >
Shimla: Heavy rains lashed Himachal Pradesh on Sunday, triggering landslides and flash floods and blocking more than 100 roads, even as the weather department issued a red alert.A landslide at Chakki Mod near Parwanoo blocked the Chandigarh-Shimla highway for hours, resulting in a massive traffic jam Sunday morning. The local administration had to divert traffic through the Jangeshu link road until the landslide debris was cleared at Chakki Mod.The traffic was first restored one-way and later two-way, but the traffic jam continued on both sides of the highway throughout the day due to slow veh ...Read More >
The country's attraction towards Khadi has increased significantly in the last 11 years, said PM Modi. New Delhi: Prime Minister Narendra Modi, addressing the 126th episode of 'Mann Ki Baat' on Sunday, called on the countrymen to adopt 'Swadeshi' this Gandhi Jayanti and express pride in it. "October 2 is Gandhi Jayanti. Gandhiji always emphasised the adoption of Swadeshi, and Khadi was the most prominent among them. Unfortunately, after Independence, the charm of Khadi was fading away, but dur ...Read More >
Telangana Chief Minister A. Revanth Reddy on Friday (April 3, 2026) wooed textile industry to invest in the State by assuring best infrastructure, land, power, water, incentives and government support aimed at fastest execution of the projects. "I have policies that can match the best globally. Most importantly, we have the best human resources. If you have a vision, we are your perfect partner for global success," he said at the 13th Asian Textile Conference (ATEXCON 2026) in Hyderabad. Assert ...Read More >
Lucknow: In a hall packed with audiences, mostly Gen-Z, Khadi walked on the ramp in its modern avatar at Re-Spin: The Khadi Edit, organised as part of UPITS 2025. Models showcased the diversity of Khadi in haute couture style, and each one of them won hearts and several rounds of applause. Some popular ones included chikankari and silk textures in modern dresses, capes, and even office wear. The show conveyed a clear message: Khadi is not just a heritage of the past, but also a strong foundation for the fashion of the future.MSME, khadi and village industries, silk production, textiles, and ha ...Read More >
Mumbai : Tesla's long awaited India debut finally took place with chief minister Devendra Fadnavis inaugurating its showroom in Mumbai on Tuesday. The Elon Musk-led car maker unveiled its Model Y compact all-electric SUV at its 'Experience Centre' in Bandra-Kurla Complex with the CM describing it as the "right city and the right state" for the launch."Mumbai stands for innovation and sustainability. In 2015, when I went to the US, I had my first ride in a Tesla, and then I thought we need such a vehicle for mobility in India. But it took 10 years for it to come to India. But we are very happy ...Read More >
VIJAYAWADA: To ensure the financial stability of weavers, the State government will implement the free electricity scheme to provide 200 units of power at a free of cost to handlooms and up to 500 units to powerlooms from Wednesday. Around 93,000 families holding handlooms and another 11,488 families with powerlooms will get benefits under the scheme. The government will spend around Rs 150 crore per year for the implementation of the scheme. Each handloom family is expected to save up to Rs 8,640 per year, while power loom units could benefit by up to Rs 21,600 annually. The government has ...Read More >
SHILLONG, June 29: Eri Silk, the pride of Meghalaya's textile tradition, went global on Sunday as Prime Minister Narendra Modi spotlighted it in his latest 'Mann Ki Baat' broadcast, calling it not just a unique product but a living heritage. The recognition follows the recent conferment of Geographical Indication (GI) tag to Meghalaya's Eri Silk. Describing Eri as a "heritage for Meghalaya," the PM, in his 123rd Mann Ki Baat address, lauded the deep-rooted craftsmanship of the state's tribal communities, particularly the Khasis, who have nurtured the art of Eri weaving across generations. Un ...Read More >
Vijayawada: In a major relief to the handloom sector, the state government led by Chief Minister N Chandrababu Naidu has decided to implement a free electricity scheme for weavers across the state from Wednesday. The initiative, aimed at ensuring financial stability for lakhs of weaving families, will provide up to 200 units of free power per month for handlooms and 500 units for power looms. The scheme is expected to significantly ease the burden of rising electricity costs, a major expense in weaving activities such as loom operation, dyeing, and processing. As many as 1,04,488 weaver fami ...Read More >
Some office-bearers claimed that the industry was currently facing losses of around Rs 100 crore every day Gujarat's textile hub in Surat has started feeling the pinch of rising input costs due to the ongoing West Asia conflict, with several units either curtailing their daily working hours or bringing down their active production days. Some office-bearers claimed that the industry was currently facing losses of around Rs 100 crore every day. Surat city is among India's largest centres for man ...Read More >
* Delhi government to host Vastra Katha event on August 6 for National Handloom Day * Event promotes GI-tagged handlooms and natural fabrics over fast fashion * 24 stalls will showcase rare textiles from over 20 states and union territories Did our AI summary help? Let us know. Delhi: Aiming to promote climate-conscious fashion and India's textile heritage, the Delhi government will organise a large-scale public event on August 6 to mark the National Handloom Day. The event, Vastra Katha, ...Read More >
New Delhi, June 29 (SocialNews.XYZ) Prime Minister Narendra Modi on Sunday hailed the transformative role of women across India who are leading change through Self-Help Groups (SHGs), preserving heritage and shaping a new future for the nation. Speaking during the 123rd episode of his monthly radio programme Mann Ki Baat, PM Modi underlined how initiatives led by women are giving new strength to the 'Women-Led Development' movement. "Just as our India is known for its regional, linguistic and cultural diversity, the diversity of arts, crafts and skills is also a great quality of our country, ...Read More >
New Delhi, Sep 23 (SocialNews.XYZ) The GST 2.0 rate cuts will benefit Tamil Nadu across multiple sectors -- from traditional handlooms, handicrafts, coir and fisheries to modern industries like automobiles, electronics, renewable energy and defence, an official document said on Tuesday. With lower GST rates, consumer goods will become cheaper, MSMEs will gain better margins, exporters will be more competitive and large industries will find it easier to expand. The impact will be widespread, from the knitwear workers of Tiruppur to the weavers of Kanchipuram, the coir artisans of Pollachi, the ...Read More >
Bhopal, March 30 (SocialNews.XYZ) Chief Minister Mohan Yadav will attend the 'Madhya Pradesh-Uttar Pradesh Cooperation Conference' in Varanasi, Uttar Pradesh, on Tuesday. The conference, aimed at strengthening partnerships in trade, investment, and skills between the two neighbouring states, will also witness the signing of agreements between the Madhya Pradesh and Uttar Pradesh governments across several sectors, including trade, industrial investment, skill development, handicrafts promotion, and tourism. The conference will include the exchange of innovations and best practices from Uttar ...Read More >
Bhubaneswar: People across Odisha enthusiastically celebrated "Ama Poshak Ama Parichaya" (Our Attire, Our Identity) Day by donning traditional handloom attire as part of the ongoing Odia Pakhya celebrations. Odia Pakhya is being observed across the state from April 1 to 14 under the aegis of the Odia Language, Literature and Culture Department. On the second day of the festivities, citizens from rural areas to the capital city of Bhubaneswar participated in large numbers, showcasing their cultural pride by wearing traditional garments. Handloom, regarded as a symbol of Odisha's rich heritage ...Read More >
Shillong: PM Modi's 'Mann Ki Baat' broadcast on Sunday celebrated Meghalaya's unique Eri silk, which has recently received the prestigious Geographical Indication (GI) Tag."Eri silk is not just a fabric; it is a heritage of Meghalaya, lovingly preserved and enriched over generations, especially by the Khasi community," said the PM. He noted its distinct production process, which is entirely non-violent, earning it the name 'Ahimsa Silk', as the silkworms are not harmed in its extraction. This method involves allowing the silkworms to naturally emerge from their cocoons before the silk is harve ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade barriers. "Over a period of a year or so, when the USA imposed high tariffs, the first industry which ...Read More >
Bhopal, Sep 16 (SocialNews.XYZ) The PM Mitra Textile Park, Dhar, is expected to generate 1 lakh direct jobs upon completion, with an additional 2 lakh indirect employment opportunities once fully operational, Chief Minister Mohan Yadav said here on Tuesday. Addressing a gathering at the mela, CM Yadav emphasised the historical significance of cotton farming in the state. "More than 6 lakh families in Madhya Pradesh are engaged in cotton cultivation, a tradition that dates back to the British colonial era," he said. The park is coming up in Dhar's Bhainsola village. He criticised the previo ...Read More >
Greater Noida: Khadi's magic reigned supreme at the Uttar Pradesh International Trade Show 2025, where it stood out as both a symbol of India's cultural heritage and a rising force in global fashion. In a spectacular fashion show, models showcased Khadi garments that fused traditional craftsmanship with modern design, sending a strong message that Khadi has moved from "tradition to trend" and is now part of the global fashion narrative. Chief Minister Yogi Adityanath has consistently urged people to embrace Swadeshi, highlighting Khadi as central to indigenous clothing. Under Prime Minister ...Read More >
Hyderabad (Telangana) [India], April 3 (ANI): Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Speaking to the media at the 13th Asian Textile Conference (ATEXCON 2026), the minister highlighted that the textile sector was among the first to be affected by rising trade barriers. Also Read | 'The Pitt' Season 3 Casting Update: Ayesha Harris Promoted to Series Regular As ...Read More >
Telangana Industries Minister D. Sridhar Babu said global issues like US tariffs and West Asia conflict are impacting the textile industry. He urged a focus on India's large domestic market to sustain growth, leveraging local skills and technology. Telangana Industries Minister D. Sridhar Babu on Thursday said that global developments such as US tariff measures and the ongoing West Asia conflict are impacting the textile industry, and stressed the need for India to focus on its large domestic market to sustain growth. Add Asianet Newsable as a Preferred Source Speaking to the media at the 1 ...Read More >
Lucknow, April 9 (SocialNews.XYZ) Uttar Pradesh Chief Minister, Yogi Adityanath, on Thursday said that ensuring the income, dignity and long-term sustainability of weavers remains a top priority for the state government, underlining the need for a comprehensive and coordinated approach to address challenges faced by the sector. Chairing a review meeting of the Handloom Department, Chief Minister Adityanath said, "Weavers are not just carriers of tradition but also a strong pillar of the state's economy. Therefore, ensuring their income, dignity, and livelihood stability is among the governmen ...Read More >
Guwahati: Prime Minister Narendra Modi recently shone a spotlight on Meghalaya's exquisite Eri Silk, hailing it as more than just a fabric but a "symbol of sustainable heritage and indigenous craftsmanship." During the 123rd episode of his widely heard 'Mann Ki Baat' radio program, PM Modi cited the fabric's significance, particularly following its recent Geographical Indication (GI) tag award. Ready for a challenge? Click here to take our quiz and show off your knowledge! Modi congratulated the people of Meghalaya, especially the Khasi community, for preserving this unique textile across g ...Read More >
Srinagar- In order to secure the indigenous process of hand-spinning of world-famous Pashmina wool, the Department of Handicrafts and Handloom, Kashmir, has replaced traditional charkhas with 213 Modern Charkhas in all its 16 Pashmina Spinning Training Centres with an intake capacity of 20 trainees in each centre. These training centres are functional in Srinagar, Pulwama, Shopian, Kulgam, Baramulla, Ganderbal, Anantnag and Bandipora districts. Sharing details in a press statement issued here today, a spokesman of the Department stated that the modern spinning charkhas designed by SKUAST Kas ...Read More >
Chennai: The Tamil Nadu government has announced an extension for the distribution of Pongal gift hampers to eligible ration card holders, allowing them to collect their hampers until January 25, 2025. This decision comes as many families as possible, including those in Sri Lankan refugee camps, have yet to receive their hampers. Out of the 2.2 crore eligible ration card holders, around 1.87 crore beneficiaries have already collected their hampers. To ensure the remaining families can participate, the government has mobilized 50,000 ration shop employees across the state to streamline the p ...Read More >
Chennai (Tamil Nadu) [India], October 20 (ANI): On the occasion of Diwali, Chennai's iconic Marina Beach turned into a festive hub as thousands of families gathered to celebrate the festival of lights in a joyful and relaxed atmosphere on Monday. From evening, the beach witnessed a steady influx of people dressed in colorful traditional attire. Many families came to enjoy the sea breeze, turning the scenic coastline into a lively celebration ground. Children were seen playing with crackers and balloons. Also Read | Ranchi Horror: Restaurant Owner Shot Dead for Serving Non-Veg Biryani to Vege ...Read More >
New Delhi: Delhi govt has planned to revive Delhi Khadi and Village Industries Board by giving more exposure to the local handloom industry. This initiative will begin with a fashion show, Vastra Katha, in the city.Industries minister Manjinder Singh Sirsa said the govt had formed a comprehensive plan to revive the board, which was currently in bad shape. It is CM Rekha Gupta's vision to revive the board, he added. "To start with, Delhi will host a first-of-its-kind handloom day event for climate and culture," Sirsa said. The mega event will be organised on National Handloom Day on Aug 6 under ...Read More >
Union Minister of Coal and Mines G. Kishan Reddy, here on Sunday, said Telangana is fast developing into a handloom hub with the proposed Kakatiya Mega Textile Park in Warangal sanctioned by the Centre expected to attract investments worth ₹10,000 crore providing employment to an estimated two lakh persons. The Modi government had also distributed 100 electronic jacquard weaving machines here and helped establish 31 handloom producer companies. Efforts are also on to revive the Himroo fabrics, ...Read More >