Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Opening a textile unit firm means supply different types of fabrics for the fashion and apparel industry. There are two methods of working in this case – either opening a factory that produces textiles or fabrics or a shop that sells textile products. In both cases it is important that.
Both the options require a good amount of investment. In the latter case taking the franchise of a reputed brand may cost a little less, but proper accounting is a necessity in both the types of business entities mentioned above.
The textile industry is currently contributing 2% to India’s GDP and 15% to the export earnings of the country. The Indian textile industry is one of the largest in the world with the largest area of land marked for cotton cultivation. Some facts about India:-
There are reasons why the textile business has good prospects in India:-
Whether starting a manufacturing unit or a retail shop, the following registrations are mandatory to start any type of business:-
For Company Registration the Ministry of Corporate Affairs has introduced the Spice Form wherein checking and registering the Name, applying for the Director Identification Number and Incorporation Certificate can be clubbed into one simple process.
In case of starting a textile manufacturing unit, the following additional licenses are required:-
In case of starting a textile unit retail shop:-
Did you or anybody in your family invest in Axis Bank Limited shares during the 1990s or early...
The Pharmaceutical industry is India's top gross domestic product (GDP) contributor. The market...
In the evolving international trade space, ensuring supply chain security and compliance with t...
Investment in shares of big public sector companies such as Coal India Limited (CIL) provides l...
The Securities and Exchange Board of India (SEBI) issued a circular on May 2, 2025, simplifying...
Are you human?: 8 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
In the era of globalisation and digitisation, businesses are offered a lot of variety to run operations across the...
12 Jul, 2023
Switzerland has a business-friendly economy. It has one of the most stable financial positions and it promotes fore...
24 Mar, 2023