India’s apparel exports are likely to rise about 20 per cent this financial year, following a number of measures taken by the government to encourage investment and raise foreign shipments. According to trade sources, the ministry of textiles has set a target of $20 billion (Rs 1.35 lakh crore) for the current financial year as against exports of $17 billion (Rs 1.14 lakh crore) in financial year 2015-16 (FY16). Given the sentiments in foreign markets, the target looked ambitious as major imp

Textile machinery manufacturers' body, India International Textile Machinery Exhibitions (ITME) Society, does not see any immediate threat from Brexit, its Chairman Sanjiv Lathia has said. "England is not a big buyer of textile machinery. Textile manufacturing moved away from England long ago to China. So we don't see much impact on Indian textile machinery manufacturing," Lathia said here.