Textile sector to get some relief with reduced GST on yarn

Related Keywords: blockage of working capital, condition of no refund ITC, created a huge accumulation of nonrefundable ITC, entire downward value chain, fabric stage, fabrics slotted under 5 per GST slab, manmade fibres, powerloom sector, slotted under 18 percent GST rate, spinning and power loom sector, SRTEPC, Textile Industry, with weavers, yarns

Surat
Textile sector to get some relief with reduced GST on yarn
Summary: 
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 accumulation of nonrefundable ITC with the weavers and blockage of working capital.

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 accumulation of nonrefundable ITC with the weavers and blockage of working capital.

https://retail.economictimes.indiatimes.com/news/industry/reduced-gst-on-yarn-to-help-textile-sector-exporter-body/61052612
0

Powerloom sector demand reduction in products reserved for handlooms

Related Keywords: demand further reduction of products, handloom textile items reduced from twenty one to eleven, PDEXCIL, Powerloom Development and Export Promotion Council, powerloom sector, require intricate skills, reserved for handloom textile item, saris with extra warp and extra weft designs, saris with solid coloured woven boarder, tie and dye saris

Tamil Nadu
Powerloom sector demand reduction in products reserved for handlooms
Summary: 
Power loom Development and Export Promotion Council (PDEXCIL), Chairman Duraisamy is of the view that the number of products reserved for handloom textile item has already been reduced from 21 items to 11. But for the products that require intricate skills, the restriction must be lifted for other items for which the handloom sector is unable to meet the demand.

Power loom Development and Export Promotion Council (PDEXCIL), Chairman Duraisamy is of the view that the number of products reserved for handloom textile item has already been reduced from 21 items to 11. But for the products that require intricate skills, the restriction must be lifted for other items for which the handloom sector is unable to meet the demand.

The power loom sector in the region has voiced its demand for further reduction in the number of products reserved for handloom textile items.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/power-loom-sector-seeks-reduction-of-items-reserved-for-handlooms/article8722897.ece
0

Govt aims for modernization in powerloom sector allocates Rs 11,952 cr

Related Keywords: 12th plan period, allocate funds, capital subsidy, interest reimbursement, margin money subsidy, Modernization, powerloom sector, RR_TUFS, Textile Park

New Delhi
Govt aims for modernization in powerloom sector allocates Rs 11,952 cr
Summary: 
Under the Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to be implemented during the 12th Plan period, government has decided to allocate funds worth Rs.11,952 crore to bring modernization in the powerloom sector.

Under the Revised Restructured Technology Upgradation Fund Scheme (RR-TUFS) to be implemented during the 12th Plan period, government has decided to allocate funds worth Rs.11,952 crore to bring modernization in the powerloom sector.
 

http://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/government-allocates-rs-11952-crore-for-powerloom-sector/articleshow/39352532.cms
0

Two mega handloom cluster to come up in Andhra Pradesh

Related Keywords: Andhra Pradesh handloom industry, handloom weaver, powerloom sector, texile industry, two mega handloom clusters

Hyderabad
Two mega handloom cluster to come up in Andhra Pradesh
Summary: 
Andhra Pradesh is one of the important states for the handloom industry to set up two mega handloom clusters each at Mangalagiri and Chirala in the state of Andhra Pradesh with an investment of Rs.1 billion to promote handloom sector and thereby help improve the livelihood of 2,00, 310 handloom weavers in cooperative fold and 1,58,902 other weavers, who have been constantly facing many problems.

Andhra Pradesh is one of the important states for the handloom industry to set up two mega handloom clusters each at Mangalagiri and Chirala in the state of Andhra Pradesh with an investment of Rs.1 billion to promote handloom sector and thereby help improve the livelihood of 2,00, 310 handloom weavers in cooperative fold and 1,58,902 other weavers, who have been constantly facing many problems.
 

http://www.timesofoman.com/News/36617/Article-Rs1-billion-fund-planned-for-handloom-hubs
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
Egypt wants to be a textile hub  
  19 Sep , 2019 Read full story  
Advance textiles recycling in Finland  
  19 Sep , 2019 Read full story  
Schoeller introduces ProEarth biodegradable polyester  
  19 Sep , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button