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Related Keywords: able to introduce smart fabric, company under research and development, conduct electricity and transfer data, expand companys footprint, government and civilian market segment, launch a new product line, new revolutionary technology, revealed a filament thread coated with silver, textile market segment, Umbra Applied Technologies Group

Umbra Applied Technologies Group (UATG) to launch a new product line that will expand the company’s footprint into the textile market segment. The company under its research and development for more than four years has been able to introduce smart fabric.

The Chairman and Chief Executive Officer of Umbra Applied Technologies Group (UATG), said that the company is preparing to launch it shortly, surprising many shareholders and industry peers.

Related Keywords: branded as revival sarees, Koorainadu sarees, new initiative, number of weavers, produce sarees with modern contemporary designs, producing quality goods, reviving traditional methods of weaving, safe guard livelihood, Sungudi cotton sarees, Tamil Nadu state government, traditional handloom weavers, visited seven day national handloom expo

Tamil Nadu state government has taken up with a new initiative to safe guard livelihood of their traditional handloom weavers by reviving the traditional methods of weaving, producing quality goods. Tamil Nadu has 2.56 lakh weavers and 1156 cooperative societies. A number of these weavers have visited the seven-day national handloom expo that began in the city on Tuesday.

Related Keywords: ample relieve and support, announced transitional rates, claim for period of three months, exporters of garment, garments & made-ups, inistry of Textile, rates prior to introduction of GST, Remission of State Levies, ROSL, temporarily retained, transitional arrangement, under new GST regime

The Ministry of Textile on Tuesday in New Delhi announced transitional rates for Remission of State Levies (RoSL) of garments & made-ups, exporters of garment & made- up will get ample relieve and support.

The Government has announced that as a transitional arrangement for the period 1st July 2017 to 30th September 2017, the exporter may claim Remission of State Levies (RoSL) at the rates prior to introduction of GST.

Related Keywords: capital investment of EGP one billion, considering to produce garments, Egyptian market, Indian Classic Fashion, Minister of Industry and Trade, next year, plan to start working on the project, start actual production by the end of next year, Tarek Kabil, working in ready-made clothes sector

Indian Classic Fashion working in the ready-made clothes sector, is considering to produce garments with a capital investment of EGP 1bn in the Egyptian market. The plan is to start working on the project in January 2018 and start actual production by the end of 2018, according to Tarek Kabil, the Minister of Industry and Trade.

This came during Kabil’s meeting with a delegation from Jordan, headed by Sanal Kumar, the chairperson of the company. During the meeting, the projects of the company’s activity in Jordan and the United Arab Emirates (UAE) were demonstrated.

Related Keywords: account for a mere three percent, EU market, in the first six months this year attracted foreign direct investment, more than USD Seven hundred fifty million, reduced number of FDI projects. US withdrawal from the TPP, Vietnam Textile and Apparel Association, Vietnamese textile and apparel industry, Vietnamese textile and apparel products

The Vietnamese textile and apparel industry in the first six months of 2017 attracted foreign direct investment (FDI) of more than $750 million, despite a reduced number of FDI projects in recent years and the US withdrawal from the Trans-Pacific Partnership (TPP) last January. At the moment, Vietnamese textile and apparel products account for a mere 3 percent of the EU market.

Except for the notable $220 million Chinese investment in a polyester synthetic fibre plant in the southern province of Tay Ninh, capital flows comprise mostly capital expansion investments in existing projects.

Related Keywords: amid increase in demand, cotton bales, Ex-Karachi rateso remained firm, ginning factories, Karachi cotton exchange, local market remain steady, new crop, nine transactions recorded, spot rate remained firm, witnessed active trading

Karachi Cotton Exchange on Monday witnessed active trading, while spot rate remained firm at Rs6,350/maund (37.324 kg) and Rs6,802/40-kg. Ex-Karachi rates also remained firm Rs6,485/maund and Rs6,950/40-kg after an addition of Rs135 and Rs145 as upcountry expenses, respectively.

Karachi Cotton Market recorded nine transactions of around 6,000 bales of the new crop at a price of Rs6,350 to Rs6,700 a maund.

According to an analyst, there was more demand after rains stopped in Sindh. Around 65 ginning factories have started operation in Sindh and 10 in Punjab.

Related Keywords: brief introduction of Punjab, chance to collaborate, chance to collaborate in textile, fields of textile, Indonesian Ambassador Iwan Suyudhie Amri, PBIT CEO Jahanzeb Burana, Three-member high level delegation from Indonesia, value added products, value-added products., visit at the Punjab Board of Investment and Trade

The three-member high level delegation from Indonesia including Indonesian Ambassador Iwan Suyudhie Amri during their visit at the Punjab Board of Investment and Trade (PBIT) on Monday was given a brief introduction of Punjab by PBIT CEO Jahanzeb Burana.

Burana showed documentaries regarding investment opportunities in Punjab in various sectors and highlighted ways for exploiting the investment potential in the country. They see a possible chance to collaborate in the fields of textile and value-added products.

Related Keywords: aims to digitally map all apparel factories in Bangladesh, Bangladesh RMG sector., based in Dhaka, BRAC University, Centre for Entrepreneurship Development, DRFM-B initiative, implement Digital RMG Factory Mapping, new initiative launched, signally shift towards greater transparency

BRAC University’s Centre for Entrepreneurship Development, based in Dhaka, Bangladesh, to implement Digital RMG Factory Mapping (DRFM-B) initiative in Bangladesh. The new initiative launched aims to digitally map all apparel factories in Bangladesh signally a shift towards greater transparency in the Bangladesh RMG sector.

They will collect factory data and disclose it on a publicly available online map. The map will provide an industry-wide database of factories, including names, locations, numbers of workers, product type, export country, certifications, brand customers, etc.

Related Keywords: attract five percent GST, CBEC, Central Board of Excise and Customs, character and use, no new item emerges having a distinct name, remains so even after embroidery, same rate which fabric is taxed, sarees treated as fabric, value added

Clearing the air over whether sarees will be treated as garments or fabric, the Central Board of Excise and Customs (CBEC) said that sarees are treated as fabric and it remains so even after embroidery etc as no new item emerges having a distinct name, character and use.

Hence, all designer, embroidered sarees or otherwise value added will attract a 5% goods and services tax. Infact, sarees, embroidered or not, would be taxed at the same rate at which the fabric is taxed, the CBEC explained.

Related Keywords: comprising of representatives of twenty nine states, GST Council, headed by Finance Minister Arun Jaitley, highest bracket, intermediate goods are taxed, job works for making garments, likely to consider lowering of tax rates, removing anomaly in taxation, tax on final output, to five percent from eighteen percent

The GST Council headed by Finance Minister Arun Jaitley and comprising of representatives of all the 29 states, this week is likely to consider lowering of tax rates for job works for making garments to 5 percent from 18 percent and will be also considering removing anomaly in taxation in cases where the intermediate goods are taxed at the highest bracket than the tax on final output, the source said.

It will be the first full fledged meeting of the GST Council, chaired by Jaitley and comprising state counterparts, after the roll out of the new indirect tax reform on July 1.