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2018-07-25 11:59:00
FICCI welcomes measures taken by the government to address the issues of the textile industry
Mr. Jaipuria expressed that garment and carpet industry was under immense pressure after implementation of GST. After GST, substantial drop in import duty was observed which has encouraged cheaper
2018-03-14 11:00:00
Study on MMF sector launched to identify gaps and measures
At the mega event ‘Textile in Karnataka’ on Monday, the ministry of textile and the textile commissioner’s office launched a study to promote growth of man-made fibre (MMF)
2017-10-13 14:00:00
Textile sector to get some relief with reduced GST on yarn
The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge
2017-07-03 17:00:00
India has huge potential to capture market space in MMF sector
India has a huge potential to capture the market space by focusing on man-made fibre (MMF) that is vacated by China in the international textile market due to declining China’s textile
2017-06-21 16:00:00
Powerloom units likely to get hit by higher GST on MMF
Powerloom accounts for more than 86 percent of the total MMF production in India while the rest comes from other segments like handlooms, hosiery and mills. Incidentally, the GST on cotton textile
2017-02-16 11:00:00
First-ever expo of Incredible Indian Textiles coming up in Dubai
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) of India, an apex body of manufacturers and exporters of Man-Made Fibre (MMF) textiles, is organizing the first ever exhibition of
2016-08-04 12:00:00
Disparity in excise duty rates of cotton and MMF likely to be erased
At present, man-made fibres attract a 12% excise duty while cotton fibres attract none. This duty disparity has distorted the domestic consumption pattern in favour of the cotton fibre, divergent to
2016-02-27 12:00:00
Costly textile raw materials hinder growth
The basic raw materials, MMF and filaments, were costlier by 23 to 30 percent due to 5 per cent import duty, four percent special additional duty, 12.5 percent central excise duty and anti-dumping
2015-12-18 16:00:00
Dwindling demand, rise in yarn prices add to woes of textile sector in Surat
Surat’s textile sector is going through a tough phase due to dwindling demand and rising prices of yarn. The sector that accounts for 40% of the MMF fabric demand in the country and the city's
2015-10-29 17:00:00
Textile sector calls for investment in MMF units
The Man made fiber (MMF) based textile sector that presently has meager 2.2 percent share in the market needs more investment to help government's ambitious plans to grow the size of the segment from
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