Demand for reduction of GST rate on MMF and yarn

News Tags: accumulation of excess credit, affect independent weaving, become a blocked credit, eighteen percent rate on yarn, increase fabric cost, MMF, reduction of GST rate on manmade fiber, refund to be permitted for fabric manuafacturers, spinning units, Textile mills, to twelve percent, yarn

Coimbatore
Demand for reduction of GST rate on MMF and yarn
Summary: 
Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers.

Textile mills demand reduction of GST rate on manmade fiber (MMF) and yarn to 12 percent from 18 percent and refund should be permitted for fabric manuafacturers.

According to Prabhu Dhamodharan, secretary of Indian Texpreneurs Federation, about 430 mills have recently sent their appeal to the Prime Minister’s Office in this regard.

While the rate for fabric is 5 percent that for yarn and fibre is 18 percent. Fabric manufacturers do not have the provision of refund and hence, this would become a “blocked credit”.

http://www.thehindu.com/news/cities/Coimbatore/textile-mills-seek-reduction-of-duty-for-mmf/article19098103.ece
0

Marzoli steps towards Spinning mill 4.0

News Tags: Camozzi Group, European textile leader, Fiber processing, Marzoli, spinning mills, spinning technology, textile factories, textile innovation, textile machineries, textile machines, textile manufacturing, Textile mills, textile plants, textile production management software, textile software, textile technologies

Mumbai
Summary: 
The constant predisposition towards innovation and the synergies shared with Camozzi Group on IoT and the most recent technologies (Cloud Computing, Smart Sensors, Industrial Ethernet, Machine Learning, …) have enabled Marzoli, the European leader of spinning

The constant predisposition towards innovation and the synergies shared with Camozzi Group on IoT and the most recent technologies (Cloud Computing, Smart Sensors, Industrial Ethernet, Machine Learning, …) have enabled Marzoli, the European leader of spinning technology, to interpret the paradigms of Industry 4.0 and exploit them in order to further enhance performances and flexibility of its plants. Marzoli has developed two innovative software platforms that allow an easy and quick management of yarn production and a substantial optimization of the entire spinning process.

0

Pakistan cotton production reaches 10.72mln bales by mid March

News Tags: cotton bales until mid March, cottonseed, ginning process, increased nine point ninety nine percen, over the same period last year, Pakistan Cotton Ginners Association, Pakistan cotton production, phutti, Textile mills

Multan
Pakistan cotton production reaches 10.72mln bales by mid March
Summary: 
Pakistan’s cotton production has increased 9.99 percent reached 10.722 million bales until March 15, 2017, over the same period last year. According to report from Pakistan Cotton Ginners Association (PCGA), out of the total arrivals, cottonseed (Phutti) to the tune of 10,722,328 bales has undergone the ginning process.

Pakistan’s cotton production has increased 9.99 percent reached 10.722 million bales until March 15, 2017, over the same period last year. According to report from Pakistan Cotton Ginners Association (PCGA), out of the total arrivals, cottonseed (Phutti) to the tune of 10,722,328 bales has undergone the ginning process.

Arrivals in Punjab ginneries were recorded at 6.9 million or 6,935,370 bales, growing by 15.92 percent compared to the corresponding period last year.

https://www.thenews.com.pk/print/193122-Cotton-production-up-999pc-to-1072mln-bales
0

Textile mills hopes to see boost in fourth quarter results

News Tags: allow mills to pay only ten percent, banking on textile ministry's move, boost fourth quarter results, ensure cotton fibre security, focusing more on exports, in the last quarter of the fiscal for textile mills, industry hopes orders for summer season, move could ease production cost, procurement money, stability in cotton prices, Textile mills

Ahmedabad
Textile mills hopes to see boost in fourth quarter results
Summary: 
Textile mills are banking on the textile ministry's move to allow mills to pay only 10 percent of procurement money that has come as a breather. The move could ease production cost in the last quarter of the fiscal for textile mills. The industry hopes orders for summer season of 2017 could also boost the fourth quarter results.

Textile mills are banking on the textile ministry's move to allow mills to pay only 10 percent of procurement money that has come as a breather. The move could ease production cost in the last quarter of the fiscal for textile mills. The industry hopes orders for summer season of 2017 could also boost the fourth quarter results.

http://www.business-standard.com/article/economy-policy/textile-mills-pin-hopes-on-fourth-quarter-117010501028_1.html
0

Elgi Electric YCS wins a strategic order from Jyotirmaye Textiles

News Tags: cotton mercerised yarn, Elgi Electric, high twist yarns, Jyotirmaye Textiles, polyester yarn, rayon yarn, Textile engineering solutions, Textile Industry, textile innovations, textile machineries, Textile mills, viscose rich blends, Yarn Conditioning System (YCS), yarn quality, yarn selling price, yarn spinners

Mumbai
Summary: 
M/s Jyotirmaye Textiles, during ITME INDIA 2016, finalized its requirement of 1800kg YCS with Elgi Electric and released the order and advance along with Elgi Electric’s selling partner

M/s Jyotirmaye Textiles, during ITME INDIA 2016, finalized its requirement of 1800kg YCS with Elgi Electric and released the order and advance along with Elgi Electric’s selling partner M/s Voltas Limited.

Yarn Conditioning System (YCS) is the need of every spinner to improve the yarn quality like hairiness, strength, elongation as well increase in moisture gain to reap the full benefits and attain highest yarn selling price.

0

ITF signs agreement with NSDC to train 50,000 workers

News Tags: fifteen job roles, first Indian Institute of Skills, IIS at Kanpur. skills development initiatives, Indian Texpreneurs Federation, National Skill Development Corporation, PM Modi inaugurated, Pradhan Mantri Kaushal Kendras, signed an agreement, Skill Capital of the World, Textile mills, To make India, train fifty thousand workers

Kanpur
ITF signs agreement with NSDC to train 50,000 workers
Summary: 
To make India the Skill Capital of the World, PM Modi inaugurated the country’s first Indian Institute of Skills (IIS) at Kanpur. PM Modi also launched few other skills development initiatives such as ‘Pradhan Mantri Kaushal Kendras (PMKKs)’. At the event the Indian Texpreneurs Federation signed an agreement with the National Skill Development Corporation (NSDC) to train 50,000 workers between January and December next year in 15 job roles in textile mills.

To make India the Skill Capital of the World, PM Modi inaugurated the country’s first Indian Institute of Skills (IIS) at Kanpur. PM Modi also launched few other skills development initiatives such as ‘Pradhan Mantri Kaushal Kendras (PMKKs)’. At the event the Indian Texpreneurs Federation signed an agreement with the National Skill Development Corporation (NSDC) to train 50,000 workers between January and December next year in 15 job roles in textile mills.

http://www.thehindu.com/news/cities/Coimbatore/Textile-mills-to-train-50000-workers/article16917288.ece
0

Indonesia look to enhance trade relations with India for textile machinery

News Tags: Chinese textile machinery, credit facilities, India ITME, Indonesian Textile Association (API), Indonesian textile exports, spinning and dyeing machinery, textile and textile products of Indonesia, textile exports of India, textile imports of Indonesia, textile machinery makers in India, textile machinery manufacturers in India, textile makers in Indonesia, Textile mills, textile trading partners

Mumbai
Summary: 
In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their

In order to maintain the competitiveness of the country’s textile and textile products (TPT) in the global market, the Indonesian Textile Association (API) has requested the local players in the industry to regularly upgrade their production facilities.

Most of the textile makers in the country presently are relied on old textile machineries and were getting more reluctant to invest more in the backdrop of weakening global demand, said API chairman, Ade Sudrajat.

0

Textile Industries gearing up for GST, new tax system

News Tags: CII Coimbatore Zone, Coimbatore, Experts throw light on tax structure, Good and Service Tax, GST, Indian Chamber of Commerce and Industry, industries gearing up for change, know in details about GST impact, major tax reform, on business, plans series of programmes, SIMA, Textile mills, working capital requirement likely to go up

Tamil Nadu
Textile Industries gearing up for GST, new tax system
Summary: 
The Indian Chamber of Commerce and Industry, Coimbatore, plans to have a series of programmes on Good and Service Tax (GST) so that entrepreneurs in each sector will know in details about its impact on their business with the Lok Sabha and the Rajya Sabha passing the GST Bill and the country at the cusp of a major tax reform, industries are gearing up for the change.

The Indian Chamber of Commerce and Industry, Coimbatore, plans to have a series of programmes on Good and Service Tax (GST) so that entrepreneurs in each sector will know in details about its impact on their business with the Lok Sabha and the Rajya Sabha passing the GST Bill and the country at the cusp of a major tax reform, industries are gearing up for the change.

Textile Industrial associations are inviting experts to speak to their members on the impact of GST on the respective sectors.

http://www.thehindu.com/todays-paper/tp-national/tp-tamilnadu/industries-gear-up-for-gst/article9052617.ece
0

CCI to start e-sale of cotton stocks directly to MSMS textile mills

News Tags: cotton corporation of India, cotton prices shooting up, cotton stocks, e sale of cotton stock, minimum support price, msms textile mills, SIMA, Textile mills, Textile Ministry

New Delhi
CCI to start e-sale of cotton stocks directly to MSMS textile mills
Summary: 
With cotton prices shooting up, the Textile Ministry to keep prices under check has directed the Cotton Corporation of India to sell cotton purchased by it. CCI will start e-sale of cotton stock with it to to micro, small and medium-scale (MSMS) textile mills in a couple of days directly at minimum support price, according to the official.

With cotton prices shooting up, the Textile Ministry to keep prices under check has directed the Cotton Corporation of India to sell cotton purchased by it. CCI will start e-sale of cotton stock with it to to micro, small and medium-scale (MSMS) textile mills in a couple of days directly at minimum support price, according to the official.

http://www.thehindu.com/business/Industry/cotton-corporation-to-sell-stocks-directly-to-small-mills/article8860231.ece
0

B2B textile buyer-seller meet opens in Coimbatore

News Tags: aprons, bed spreads, business-to-business meeting, display products, dress materials for men and women, organized three day textile buyer-seller event, Powerloom Development and Export Promotion Council, Regional Office of the Textile Commissioner, shirts, Textile mills, towels, weaving units from different parts of State

Coimbatore
B2B textile buyer-seller meet opens in Coimbatore
Summary: 
Powerloom Development and Export Promotion Council and the Regional Office of the Textile Commissioner have organized a three day textile buyer-seller event in Coimbatore where textile mills and weaving units from different parts of the State have displayed their products. The event was inaugurated on Friday by G. Bakthavathsalam, chairman of KG Hospital.

Powerloom Development and Export Promotion Council and the Regional Office of the Textile Commissioner have organized a three day textile buyer-seller event in Coimbatore where textile mills and weaving units from different parts of the State have displayed their products. The event was inaugurated on Friday by G. Bakthavathsalam, chairman of KG Hospital.

http://www.thehindu.com/news/cities/Coimbatore/threeday-textile-buyerseller-meet-in-coimbatore/article8771217.ece
0
 
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