Indian apparel exports decline by 14pc in Jan 2018

News Tags: 16 percent year-on-year, 8 percent in dollar terms, AEPC, apparel by about 14 percent year-on-year, by 7 percent year-on-year, CITI, Indian apparel export, January this year, man-made textiles, ROSL, sharp fall in the exports of cotton textile, witnessed decline by 14 percent in rupee

Mumbai
Indian apparel exports decline by 14pc in Jan 2018
Summary: 
Indian apparel export in January this year witnessed decline by 14 percent in rupee and 8 percent in dollar terms compared with the year earlier month, as per latest official data. The sharp fall in the exports of cotton textile by 16 percent year-on-year, apparel by about 14 percent year-on-year and man-made textiles by 7 per cent year-on-year contributed to the sub-optimum performance.

Indian apparel export in January this year witnessed decline by 14 percent in rupee and 8 percent in dollar terms compared with the year earlier month, as per latest official data. The sharp fall in the exports of cotton textile by 16 percent year-on-year, apparel by about 14 percent year-on-year and man-made textiles by 7 per cent year-on-year contributed to the sub-optimum performance.

http://www.thehindu.com/todays-paper/tp-business/apparel-exports-continuing-to-decline-says-aepc/article22787483.ece
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Textile body urge to raise imports duty on MMF yarn, cotton fabric

News Tags: 15 percent, CITI, Confederation of Indian Textile Industry, cotton fabric, fabric and garment producers, FTA nations such as Bangladesh and Sri Lanka, gone up dramatically post GST from July, MMF fabrics, raise import duty on man-made fibre yarn, ring-fence local yarn, threats of cheaper import, urged commerce and textile ministries

New Delhi
Textile body urge to raise imports duty on MMF yarn, cotton fabric
Summary: 
The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.

The Confederation of Indian Textile Industry (CITI) has urged commerce and textile ministries to raise import duty on man-made fibre (MMF) yarn, cotton fabric and MMF fabrics by 15 percent to ring-fence local yarn, fabric and garment producers from the threats of cheaper import, especially from FTA nations such as Bangladesh and Sri Lanka.

According to data shared by CITI, imports of cotton yarn, man-made yarn and fabric have gone up dramatically post GST from July.

http://www.news18.com/news/business/sharp-rise-in-imports-of-mmf-yarn-cotton-fabric-post-gst-says-textile-body-1594893.html
0

Hike in custom duty by 10% on imported polyester fabric

News Tags: After implementation of GST, cheaper imports, CITI, effective from October 27, from 10 percent to 20 percent, from countries like China, Global Textile Hub, Government of India, imported polyester fabrics, increased basic Customs duty, significant drop in import duty, SIMA, threatened domestic manufacturing industry

New Delhi
Summary: 
After implementation of the GST, there was a significant drop in the import duty that threatened the survival of the domestic manufacturing industry due to cheaper imports from countries like China. The government of India has increased the basic Customs duty on imported polyester fabrics from 10 percent to 20 percent with effect from October 27, 2017.

After implementation of the GST, there was a significant drop in the import duty that threatened the survival of the domestic manufacturing industry due to cheaper imports from countries like China. The government of India has increased the basic Customs duty on imported polyester fabrics from 10 percent to 20 percent with effect from October 27, 2017.

http://www.business-standard.com/article/pti-stories/sima-hails-hike-in-customs-duty-on-imported-polyester-fabric-117102900454_1.html
0

Domestic textiles market expected to grow 7-8% in FY17

News Tags: CITI, Confederation of IndianTextile Industry, domestic textile market may grow, Government initiatives, India second fully integrated textile value chain, next only to China, onset of good monsoon, strengthen textile value chain, textile industry is poised to turn Make in India into a reality, towards verticalization of the industry

New Delhi
Domestic textiles market expected to grow 7-8% in FY17
Summary: 
The onset of good monsoon and Government initiatives, the domestic textile market may grow by 7-8 percent, which was estimated at USD 60 billion in FY17, said Confederation of IndianTextile Industry (CITI) Chairman Naishadh Parikh.

The onset of good monsoon and Government initiatives, the domestic textile market may grow by 7-8 percent, which was estimated at USD 60 billion in FY17, said Confederation of IndianTextile Industry (CITI) Chairman Naishadh Parikh.

While, the textiles exports, estimated at USD 40 billion, is likely to expand by 5-8 percent this fiscal.

http://www.financialexpress.com/article/economy/textiles-domestic-textiles-market-likely-to-grow-7-8-in-fy17-citi/311026/
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CITI expects more initiatives to follow to strengthen textile value chain

News Tags: Bangladesh heavily investing to strengthen textile value chain, CITI, Confederation of Indian Textile Industry, maintain growth for garment export, Make in India initiative, more initiatives are expected to strengthen, provide comfort to buying houses, support textile value chain, welcomed initiative for job creation in garment industry

Ahmedabad
CITI expects more initiatives to follow to strengthen textile value chain
Summary: 
Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative.

http://timesofindia.indiatimes.com/city/ahmedabad/CITI-hails-government-initiative-for-job-creation-in-garment-sector/articleshow/52873846.cms
0

Diverse reactions on budget 2016 by textile sector

News Tags: basic customs duty, brings diverse reaction from textile sector, certian fabrics for export of garment, CITI, duty free import, excise duty, Indian Texpreneurs Federation, manufacture of garments for exports, SIMA, TEA, Technology Upgradation Fund Scheme, Texprocil, Union budget for textile industry

Coimbatore
Diverse reactions on budget 2016 by textile sector
Summary: 
The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought cheer to textile manufacturers in the State as funds have been allocated for Technology Upgradation Fund Scheme and basic customs duty has been exempted for import of specified fabrics (for manufacture of garments for exports) of value equivalent to one percent of FOB value of exports in the preceding financial year, which will give a boost to garment manufacturers in the State.

The Union budget 2016 for the textile industry brings diverse reaction from the textile sector. According to Tirupur Exporters’ Association, president A. Sakthivel, the budget have brought cheer to textile manufacturers in the State as funds have been allocated for Technology Upgradation Fund Scheme and basic customs duty has been exempted for import of specified fabrics (for manufacture of garments for exports) of value equivalent to one percent of FOB value of exports in the preceding financial year, which will give a boost to garment manufacturers in the State.

http://www.thehindu.com/news/cities/Coimbatore/budget-evokes-mixed-response-from-textile-sector/article8302145.ece
0

Textile industry pitches lowering excise duty and change in labour laws in Budget

News Tags: better market access to major markets, budget for next financial year, change in labour laws, CITI, Indian textile industry, lowering excise duty on MMF and filament, pitches for incentives, realize untapped potential, reduce the tax burden on MMF, second largest employer, via trade pacts

New Delhi
Textile industry pitches lowering excise duty and change in labour laws in Budge
Summary: 
The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives such as lowering excise duty on man-made fibre and filament by half and changes in labour laws in the budget for next financial year.

The textile industry, which is the country's second largest employer after agriculture, contributes nearly 14 per cent to industrial production and 4 per cent to the GDP has pitched for incentives such as lowering excise duty on man-made fibre and filament by half and changes in labour laws in the budget for next financial year.

The textiles industry has demanded better market access to major markets like the US and EU via trade pacts to help realize its untapped potential.

http://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/textile-industry-demands-incentives-in-budget/51132014
0

Govt starts process of settling dues related to blackout and leftout cases

News Tags: ATUFS, big relief for textile sector, CITI, dues related to some blackout and leftout cases, Indian governement, initiated process of settlement, invested in those 10 months, RRTUFS

New Delhi
Govt starts  process of settling dues related to blackout and leftout cases
Summary: 
The Indian government initiated the process of settlement of Rs 3,000 crore dues related to some 'blackout and left-out' cases which found no mention in the Amended Technology Upgradation Fund Scheme (ATUFS) which has come as a big relief for textile sector.

The Indian government initiated the process of settlement of Rs 3,000 crore dues related to some 'blackout and left-out' cases which found no mention in the Amended Technology Upgradation Fund Scheme (ATUFS) which has come as a big relief for textile sector.

Confederation of Indian Textile Industry (CITI) Secretary General Binoy Job said that the quantum of liabilities under the blackout and left-out period cases was around Rs 3,000 crore.

http://retail.economictimes.indiatimes.com/news/industry/textiles-sector-to-get-relief-as-government-begins-settling-dues/50662853
INDA
0

Govt to resolve issues arising out of blackout and leftout under TUFS

News Tags: amended scheme to boost Make in India initiatives, Amended Technology Upgradation Fund Scheme, CITI, during blackout and leftout period, effective for seven years, executed and monitored online, government to resolve issue of settlement, not mention committed liabilities, Textile Industry, under iTUFS

New Delhi
Govt to resolve issues arising out of blackout and leftout under TUFS
Summary: 
The government last week notified the Amended Technology Upgradation Fund Scheme (A-TUFS) for textile sector but did not mention about the committed liabilities during 'blackout and leftout' period in 2010-11. Union Minister Santosh Gangwar said that the government is making efforts towards resolving the issue of settlement of committed liabilities of around Rs 3,000 crore arising out of 'blackout and leftout' period cases under technology upgrade scheme for textile industry.

The government last week notified the Amended Technology Upgradation Fund Scheme (A-TUFS) for textile sector but did not mention about the committed liabilities during 'blackout and leftout' period in 2010-11. Union Minister Santosh Gangwar said that the government is making efforts towards resolving the issue of settlement of committed liabilities of around Rs 3,000 crore arising out of 'blackout and leftout' period cases under technology upgrade scheme for textile industry.

http://www.business-standard.com/article/pti-stories/govt-to-resolve-committed-liabilities-of-rs-3k-cr-under-tufs-116011700133_1.html
0

Indian textile manufacturers encouraged to use PET bottles to spin yarn at TTF

News Tags: CITI, encourage textile manufacturer, made into staple fibres for spinning, or into filament yarns for weaving, organized by Taiwan Textile Federation, promote green environment, ready for end-product applications, supported by TEA, Taiwan Eco Textiles, Taiwan Textile Fair, TTF, use PET bottle to spin yarn

Bengaluru
Indian textile manufacturers encouraged to use PET bottles to spin yarn at TTF
Summary: 
At the two-day Taiwan Textile Fair (TTF) organized by Taiwan Textile Federation, supported by the Tirupur Exporters Association (TEA), and the Confederation of Indian Textile Industry (CITI) held from Dec 1 to 2 in India-Bengaluru , the Taiwan Eco Textiles to promote green environment encouraged textile manufacturers to make use of Polyethylene terephthalate (PET) bottles to spin yarn.

At the two-day Taiwan Textile Fair (TTF) organized by Taiwan Textile Federation, supported by the Tirupur Exporters Association (TEA), and the Confederation of Indian Textile Industry (CITI) held from Dec 1 to 2 in India-Bengaluru , the Taiwan Eco Textiles to promote green environment encouraged textile manufacturers to make use of Polyethylene terephthalate (PET) bottles to spin yarn .

http://www.deccanherald.com/content/515102/taiwan-spins-yarn-pet-bottles.html
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