Incentives for raw cotton and yarn exports that were withdrawn in September have been restored back. The Directorate General of Foreign Trade (DGFT), a unit of the trade ministry, gave no reason for restoring export benefits for yarn, a value-added product used by textile mills.
India, the world’s second-biggest raw cotton export, has restored an incentive scheme for cotton yarn exports, an official order said on Thursday.
Traders has projected that India will ship around 8-9 million bales of raw cotton in the crop year to September, down from 10.1 million bales in 2012/13.
D. K. Nair, secretary general of the Confederation of Indian Textile Industry said yarn exports could rise 10 percent in 2013/14 due to increased demand from China as it plans to end a raw cotton stockpiling programme to support domestic growers
He further added that those who will export more than last year will be eligible for a 2 percent incremental export benefit.
Monforts has introduced a new digital platform designed to help textile manufacturers access the company’s finishing technologies and technical knowledge.
Bioforcetech (BFT), a Bay Area-based company focused on waste conversion and carbon-negative materials, has announced a new partnership with RDD…
Polygiene has announced the launch of Polygiene OdorCrunch 2.0, a new odor capture technology created to reduce unpleasant smells in…
Lidl has introduced a carbon running shoe under its private label Crivit, drawing attention for its relatively low price compared…
Kickers has partnered with fashion label A-Cold-Wall to introduce a limited-edition collaboration on Kick Hi Boot, reflecting a shared identity…
KelTex, a venture founded by Laetus Buberwa and Emeliana Said, has been selected among the Top 20 global finalists for…