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Related Keywords: attract FDIs and private investors, boost the textile industry, Chief minister Yogi Adityanath, draft for UP Textile, exempted from stamp duty, get approval for development, Handicrafts and Sericulture Policy, investor given tax and other sops, investors seeking to buy fifty and above acres of land, private textile parks, Uttar Pradesh state

Uttar Pradesh state gets approval for the development of private textile parks also the draft for the UP Textile, Handicrafts and Sericulture Policy 2017 has been approved by the state government led by chief minister Yogi Adityanath.

Their aim is to attract FDIs and private investors to boost the textile industry in Uttar Pradesh. Those who are willing to invest in this sector will be given tax and other sops.

The government has already made provisions for the same in its draft policy, said chief minister,

Related Keywords: boost to the ailing handloom, decided to gift saris, Hindu women on the occasion of Bathukamma festival this year, powerloom clusters, procure raw material out of borrowed capital, products sold on credit, pushed to crisis like situation, Telangana Chief Minister K Chandrasekhar Rao, textiles sector, weavers fully employed, work distributed

Telangana Chief Minister K. Chandrasekhar Rao (KCR) ever since Telangana was formed three years ago, has been giving away clothes and saris to around 25 lakh Muslim men and women on the occasion of Ramzan and 20 lakh Christian men and women on Christmas every year. This year, KCR has decided to gift saris to around 97 lakh Hindu women on the occasion of Bathukamma festival which is on 28 September. Bathukamma is a unique floral festival celebrated by Hindu women in Telangana.

Related Keywords: Chinese built Hawassa Industrial Park, designed and constructed, environment friendly principles, Ethiopia blue print, Green Economic Zones, model for other similar industrial park projects, ninety percent of its water usage, park applies latest cutting edge technology, the first Sustainable Textile and Apparel industrial, treat and recycle

Chinese built Hawassa Industrial Park to be Ethiopia’s blue print for Green Economic Zones as it is designed and constructed in an environment-friendly principles, the park applies the latest cutting edge technology to treat and recycle about 90 percent of its water usage, it will be model for other similar industrial park projects throughout the country.

The east African country further hoped that the Hawassa Industrial park, once fully operation which is expected as of next week would help its aspiration and commitment to build green economy.

Related Keywords: 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

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”.

Related Keywords: capital investment, expert committee headed by P. Nandakumar, Kerala state government, modernization strategy, recommended one time fund infusion, revive seventeen mills, sustainable development, working capital

Kerala state government’s expert committee headed by P. Nandakumar, comprising, among others, M.P. Sukumaran Nair, chairman, Public Sector Restructuring and Internal Audit Board, has recommended one time fund infusion of Rs. 494.81 crore, Rs. 317.89 crore for capital investment, and Rs. 176.93 crore as working capital for revival of 17 mills in the State with a sustainable development and modernization strategy.

Related Keywords: ancient Silk Road, around the world including India, collaborating with renowned cultural institutions, courtly fashion of Versailles, dating as early as three thousand years ago, Google project, Indian Saree, intricate thread work, people explore history of clothes, to Victorian ballgowns, ‘We Wear Culture

Google’s project ‘We Wear Culture’ is collaborating with 183 renowned cultural institutions from all around the world including India and its objective is to let people explore history of clothes dating as early as 3,000 years ago, from the ancient Silk Road to the unmatched elegance of the Indian Saree, from the courtly fashion of Versailles, to the Victorian ballgowns with intricate thread work.

Related Keywords: attend the GST meeting, Centre can impose tax on specially designed fabrics, currently twelve percent tax, GST Council, hand woven textiles should be exempted, imposed on textiles, Meghalaya taxation Minister, Meghalaya with support of other northeastern states, scheduled to be held in Delhi on Sunday, seek exemption, Zenith Sangma

Meghalaya taxation Minister Zenith Sangma, who will attend the GST meeting of the GST council scheduled to be held in Delhi on Sunday said that currently 12 percent tax is imposed on textiles and Meghalaya, with the support of other northeastern states, will seek exemption.

Sangma said that the Centre can impose tax on specially designed fabrics, but the hand-woven textiles should be exempted from the purview of GST as a large number of people in the North East depend on textiles for their livelihood.

Related Keywords: being held today at Hotel BNR Chanakya, in partnership with Confederation of Indian Industry, Jharcraft, Ranchi, Road Show on Textiles India, The road show is organized by Ministry of Textile

Road Show on Textiles India -2017 is being held on 16 June today at Hotel BNR Chanakya, Ranchi from 1500 – 1630 hrs followed by the press briefing. The road show is organized by Ministry of Textile, Govt of India in partnership with Confederation of Indian Industry (CII).

Related Keywords: attracting investments in Goa, central government, go all out to revive and support Kunbi saree, identified to be languishing, International textile conference, revival of related skills and crafts, set up technical textile production units, Smriti Irani, technical textile materials, Union Minister of Textiles, who is in Goa

Union Minister of Textiles, Smriti Irani, who is in Goa to commemorate the completion of three years of the Narendra Modi-led Union government, addressing a press conference stated that the central government would go all out to revive and support the Kunbi saree, and such a support would come for the revival of related skills and crafts, which have been identified to be languishing.

In China, offers for 32s polyester yarn in Shengze were down US cent 1 a kg in the last week of May. In Zhejiang, 32s weaving yarn edged down US cents 1-2 a kg on the week.

Polyester spun yarn markets in China were under correction that week. Transactions were moderate and some specs saw better sales. However, downstream mills did not intent to stock up yarn in view of weakening sentiment and they mainly bought goods to meet rigid demand.

Related Keywords: Polyester prices, polyester yarn prices, psf prices, spun yarn prices, yarn prices in china, yarn prices in India, yarn prices in Pakistan