Indian textile industry market size likely to touch $250 bn in 2 yrs

Related Keywords: decor, domestic market is currently estimated at USD one hundred ten billion, exports at USD forty billion, garment, Indian textile industry, Made ups, market size expected to touch USD two hundred fift billion, next two years, sixth edition of HGH India, Textile Commissioner Kavita Gupta, trade show for home textile, tremendous growth potential

Mumbai
Indian textile industry market size likely to touch $250 bn in 2 yrs
Summary: 
The Indian textile industry see tremendous growth potential and it’s market size is expected to touch USD 250 billion in the next two years from USD 150 billion now. The domestic market is currently estimated at USD 110 billion and exports at USD 40 billion, said Textile Commissioner Kavita Gupta speaking after inaugurating the 6th edition of 'HGH India 2017', the annual trade show for home textiles and home décor held in Mumbai

The Indian textile industry see tremendous growth potential and it’s market size is expected to touch USD 250 billion in the next two years from USD 150 billion now. The domestic market is currently estimated at USD 110 billion and exports at USD 40 billion, said Textile Commissioner Kavita Gupta speaking after inaugurating the 6th edition of 'HGH India 2017', the annual trade show for home textiles and home décor held in Mumbai

http://www.business-standard.com/article/economy-policy/india-s-textile-industry-size-to-touch-250-bn-in-2-years-official-117070400994_1.html
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Textile industry seek for a uniform duty of 5pc under GST

Related Keywords: definitely impact Indian textile industry, different segments of textile industry, five percent under GST, focus on GST, Government already announced special packages, looking for a uniform duty, Made ups, new tax regime, rolled out from July this year, without exemptions for any segment of the value chain

New Delhi
Textile industry seek for a uniform duty of  5pc under GST
Summary: 
The government has already announced special packages for different segments of the textile industry in June last year and for made ups (an article manufactured and/or stitched from any type of cloth, other than a garment) in December. But now the focus is on GST which is a new tax regime and it will definitely impact the Indian textile industry.

The government has already announced special packages for different segments of the textile industry in June last year and for made ups (an article manufactured and/or stitched from any type of cloth, other than a garment) in December. But now the focus is on GST which is a new tax regime and it will definitely impact the Indian textile industry.

The industry was expecting a special package for powerloom sector to be announced shortly but they do not expect any major announcement in the budget, a spokesperson for the industry said.

http://www.thehindu.com/business/Textile-industry-seeks-5-duty-under-GST/article17062245.ece
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Garment retailers shift to fixed price to lower duty payment burden

Related Keywords: AEPC, central value added tax, CMAI, existing stocks continue with MRP tag, garment retail shops, Garment retailers in India, Made ups, new stocks come only with fixed price tag, retail price over thousand rupees, shifting from maximum retail price regime, to fixed price regime, two percent levy of excise duty on garments

Mumbai
Garment retailers shift to fixed price to lower duty payment  burden
Summary: 
Garment retailers in India have started gradually shifting from the maximum retail price regime (MRP) to fixed price regime after Union Finance Minister Arun Jaitley, while announcing the Union Budget 2016-17, announced a 2% levy of excise duty on garments and made ups with retail price of over Rs 1,000.

Garment retailers in India have started gradually shifting from the maximum retail price regime (MRP) to fixed price regime after Union Finance Minister Arun Jaitley, while announcing the Union Budget 2016-17, announced a 2% levy of excise duty on garments and made ups with retail price of over Rs 1,000.

http://www.business-standard.com/article/current-affairs/excise-duty-impact-garment-retailers-shift-to-fixed-price-regime-from-mrp-116080200212_1.html
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Gujarat textile policy to attract 20,000 cr investment by 2017

Related Keywords: apparel park coming up in Surat, approval for interest subsidy and value-added tax power rate subsidy, attract twenty thousand crore investment, by next year, generate jobs, ginning and technical textiles, Gujarat textile policy, house forty two manufacturing units, Made ups, new jobs, processing, spinning, textile units got approval in weaving

Surat
Gujarat textile policy to attract 20,000 cr investment by 2017
Summary: 
Gujarat's textile policy 2012 plan to attract around Rs 20,000 crore investment and 2.5 million new jobs by 2017, so far under the policy, 549 textile units have got approval and attracted investment worth Rs 9,208 crore through varied units such as weaving, made-ups, processing, spinning, ginning and technical textiles.

Gujarat's textile policy 2012 plan to attract around Rs 20,000 crore investment and 2.5 million new jobs by 2017, so far under the policy, 549 textile units have got approval and attracted investment worth Rs 9,208 crore through varied units such as weaving, made-ups, processing, spinning, ginning and technical textiles.

The latest nod is for a textile and apparel park coming up on 62 acres in Surat and will house 42 manufacturing units and generate 1,900 jobs. So far, 12 such parks have received in-principle nod.

http://www.business-standard.com/article/markets/gujarat-textile-policy-sees-rs-9-200-cr-investment-116042700399_1.html
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Buyer-Seller Meet of Handicraft Power-loom sector begins in Nagpur

Related Keywords: attended by large number of traders, bed sheets, Buyer Seller Meet Fabric, consumers, dhothis, dress materials, exhibition cum sale, Garments, handicraft powerloom sector, latest range of textile products on display, Made ups, napkins, retailers, saris, shirting, suiting, towels

Nagpur
Buyer-Seller Meet of Handicraft Power-loom sector begins in Nagpur
Summary: 
A Buyer Seller Meet Fabric, Garments & Made Ups (Exhibition Cum Sale) organized by Govt. of India, Ministry of Textiles, Regional Office of the Textile Commissioner, Navi Mumbai in association with Powerloom Service Centre, Nagpur was inaugurated on 16 October.

A Buyer Seller Meet Fabric, Garments & Made Ups (Exhibition Cum Sale) organized by Govt. of India, Ministry of Textiles, Regional Office of the Textile Commissioner, Navi Mumbai in association with Powerloom Service Centre, Nagpur was inaugurated on 16 October.

The meet will provide an opportunity to Powerloom Industry in the decentralised sector to market their fabric/products at regional and cluster level.

http://www.nagpurtoday.in/buyer-seller-meet-of-handicraft-power-loom-sector-inaugurated/10161707
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Performance of Indian garment exports likely to better than textiles

Related Keywords: carpet, Currency devaluation, cut production, excessive dependence on China, fabrics, garment expor market, Indian garment export, jutes, Made ups, perform better than textile, spinning mills, textile products include raw cotton, wider geographical spread, yarn

New Delhi
Performance of Indian garment exports likely to better than textiles
Summary: 
Indian garments export likely to continue performing better than those of textiles for some more time due to wider geographical spread of its export markets. While textile exports is affected due to an excessive dependence on China, reports Banikinkar Pattanayak in New Delhi. Textile exports include a range of products such as raw cotton, yarn, fabrics, made-ups, carpets, jutes, etc.

Indian garments export likely to continue performing better than those of textiles for some more time due to wider geographical spread of its export markets. While textile exports is affected due to an excessive dependence on China, reports Banikinkar Pattanayak in New Delhi. Textile exports include a range of products such as raw cotton, yarn, fabrics, made-ups, carpets, jutes, etc.

http://www.financialexpress.com/article/economy/textiles-apparel-not-cut-from-same-cloth/140992/
0

Texprocil urge to include exports of value added products to African countries in new FT Policy

Related Keywords: affect shipments of value added products, benefits on exports, conclude FTA, cotton dyed, Cotton Textile Export Promotion Council, free on board, gain market acces, granted duty credit scrips, Made ups, new foreign trade policy, printed fabrics, put exporters into a huge dilemma, remove trade barriers, Texprocil, to African countires removed

Mumbai
Texprocil urge to include exports of value added products to  African countries
Summary: 
In the new Foreign Trade Policy 2015-20 all benefits on exports to African countries has been removed. According to the Cotton Textiles Export Promotion Council (TEXPROCIL) a textile industry body, removal of benefits on exports to African countries will affect shipments of value added products like cotton dyed and printed fabrics and made-ups to African countries.

In the new Foreign Trade Policy 2015-20 all benefits on exports to African countries has been removed. According to the Cotton Textiles Export Promotion Council (TEXPROCIL) a textile industry body, removal of benefits on exports to African countries will affect shipments of value added products like cotton dyed and printed fabrics and made-ups to African countries.

http://money.livemint.com/news/market/economy/market-pulse/removal-of-benefits-to-african-countries-to-impact-exports-texprocil-379761.aspx
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Apparel sector skill council has been affiliated with ATDC

Related Keywords: AEPC, affiliated with ATDC, apparel, apparel training and design centre, Apparel value chain, home furnishing, Made ups, Ministry of Textiles, NSDC, skill council

New Delhi
Apparel sector skill council has been affiliated with ATDC
Summary: 
Apparel, Made-Ups & Home Furnishing Sector Skill Council has got affiliated with the biggest institute of Apparel Trainings i.e. the Apparel Training and Design Centre, which has more than 170 centers across India and churns out more than 50000 students a year.

Apparel, Made-Ups & Home Furnishing Sector Skill Council has got affiliated with the biggest institute of Apparel Trainings i.e. the Apparel Training and Design Centre, which has more than 170 centers across India and churns out more than 50000 students a year.

The mandate given to the Council includes creation of National Occupational Standards, Affiliating Training Providers in Apparel Trainings and assessing and certifying the trainees of such Institutes/Training Providers.

http://www.smetimes.in/smetimes/news/industry/2015/Jan/06/apparel-sector-skill-council-affiliates-to-atdc.html
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