Globally, the size of the textile trading industry is estimated at $800 billion. India's textile industry aims to reach $100 billion in exports by 2030, with a 19% CAGR over six years, driven by catalysts like PLI and FTA with the EU/UK, and the 'China plus one' theme, which could generate 3 million direct jobs and investments of Rs 200,000 crore.
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The Odisha state cabinet has amended the Industrial Policy Resolution 2015, allowing industries to claim government incentives within two years of project commissioning, up from one year, with the option to apply for delay condonation; a one-time relaxation is also offered for investors who missed the deadline but apply before June 2023.
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Consecutive Investments & Trading Co Ltd informed that the board approved the stock split/sub-division of each Rs 10 equity share into 10 shares that have a face value of Re 1 equity shares and a bonus issue of equity shares in a 1:1 ratio was authorized, meaning shareholders will receive 1 equity share for every 1 equity share they hold.
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