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Related Keywords: benefit of made up exports, competitive in world markets, cut and sew products, garment exports, GST subsuming all other taxes and benefits, Indian made ups, post GST, ROSL, Textile industry fears Rebate of State Levies scheme, urged government to continue with ROSL, withdrawn prematurely

The textile industry fears that the Rebate of State Levies (ROSL) scheme will be withdrawn prematurely, with Goods and Service Tax (GST) subsuming all other taxes and benefits and hence urged the government to continue with the ROSL scheme post GST for the benefit of made up exports.

ROSL scheme was introduced in March 2017 initially for three years. Under ROSL, exporters of made ups get incentives of 3.9 percent of the value of exported goods.

Related Keywords: cooperative sector at Dinod village, five units of knitting, Gujarats first state of the art cotton yarn spinning plant, plant has around thirty thousand spindles, plant will be inaugurated on June first, set up by Surat Vankar Sahkari Sangh Limited, ten unit of weaving, three units of garmenting, tribal dominated Mangrol taluka

Gujarat's first state-of-the-art cotton yarn spinning plant has been set up by the Surat Vankar Sahkari Sangh Limited in the cooperative sector at Dinod village in the tribal-dominated Mangrol taluka. The plant will be inaugurated by the minister of state for cooperative Ishwarsinh Patel on June 1.

The cotton spinning plant is set up on the 17 acre land in the tribal-dominated Mangrol taluka at the cost of Rs 140 crore, supported by the Gujarat government.

Related Keywords: better grade lint, cotton bales from US, Cotton market, Ginners, Karachi Cotton Association, KCA, KCE, prices of all grades of cotton stood firm, raw lint, spinning mills, spot rate remained intact, trading session

At the cotton market, the prices of all grades of cotton stood firm during the trading session, according to traders. Around 9,600 bales changed hands.
The Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,850 per maund with better lint in focus, fibre traders reported.

Floor brokers said that leading buyers in Sindh and Punjab stations bought better grade lint on premium prices offered by ginners during the trading session.

Related Keywords: accessories, Bangaldesh Finance Minister AMA Muhith, BGMEA urge withdrawal of tax at source, cloth, fiscal year, gradual drop in export growth, including RMG, proposed tax at source on all products, RMG products, taxes are paid on yarn, washing and end products

Bangaldesh Finance Minister AMA Muhith had proposed 1.5 percent tax at source on all products, including RMG, for 2016-17 fiscal year, but later cut it to 0.7 percent following demand by businesses.

However, BGMEA has demanded that the readymade garments sector be kept out of the purview of tax at source for next two fiscals since the industry experienced a gradual drop in export growth in past few years.

Related Keywords: a Total Quality Assurance provider, Alkylphenol Ethoxylates, AP, APEOs, commonly used in manufacturing, dyeing and wet finishing processes, help textiles and leather goods brands, identify harmful Alkylphenols, industries worldwide, Intertek, launch of AP and APEOs Quick Test service, manufacturers, retailers, Smart Screening for the textiles

Intertek, a Total Quality Assurance provider to industries worldwide, to help textiles and leather goods brands, retailers and manufacturers identify harmful Alkylphenols (AP) and Alkylphenol Ethoxylates (APEOs) commonly used in manufacturing to announce the launch of its AP/APEOs Quick Test service.

Related Keywords: Ajay Tamta, Central Government will extend all possible help, entire north eastern state, higher production of silk, largest producer of silk, located at Mantripukhri, process of producing new breed, promoting silk production in Manipur, RTSR, sericulture, Union Minsiter of State for Textiles, visit to Regional Oak Tasar Research Station

Union Minsiter of State for Textiles Ajay Tamta during his visit to Regional Oak Tasar Research Station (RTSR) located at Mantripukhri said that the Central Government will extend all possible help in promoting silk production in Manipur.

Manipur is the largest producer of silk in the entire north eastern state and there are varieties of silk available in the state and Scientist of the Station need to look into the process of producing new breed for higher production of silk.

Asian MEG prices surged US$94 a ton CFR China and CFR South East Asia in the third week of May. In China, offers for nearby-month cargoes climbed US$80 a ton on the week.

Mono ethylene glycol prices in Asian markets declined on weaker futures and traders taking profits early in the week, with both yuan-denominated swaps and US$-denominated spot cargoes trading sharply lower, especially midweek.

In Europe, MEG spot prices moved sideways as suppliers were unwilling to lower prices although demand remained tepid.

Related Keywords: MEG price in China, MEG price in Europe, meg price in US, MEG prices, mono ethylene glycol prices, Polyester prices

Asian paraxylene prices surged US$32.334 a ton CFR Taiwan/China and FOB Korea in the third week of May. Isomer-grade mixed xylene prices gained US$15.50 a ton FOB Korea on the week.

Paraxylene prices in Asian markets rose on the week following PTA futures and higher crude weekend amid quiet market due to an industry conference. Upstream, mixed xylene prices gained on positive market sentiment while inventories were stable in China.

Related Keywords: paraxylene price, paraxylene prices in Asia, paraxylene prices in Europe, paraxylene prices in US, PX price

In China, FDY70D/24F SD prices sobered US cents 4 a kg in the third week of May, while FDY40D fell US cent 1 a kg on the week. DTY 70D/24F prices were flat and 30D/10F were stable on the week. Monofilament 30D prices were steady while nylon staple fiber 1.5D prices rolled over on the week.

Related Keywords: caprolactum price, nylon chips prices, nylon filament yarn prices, Nylon prices, nylon prices in China

Asian caprolactum markers were flat in the third week of May. In China, spot liquid and solid good offers were stable during the week.

Caprolactum prices stopped falling given the rebound in benzene prices, with downstream market welcoming the recovery following buying activities at current low price levels. In China, offers for liquid and solid goods in spot market were range bound. Prices of East European goods were soft amid slow liquidity.

Related Keywords: benzene prices, caprolactum price, caprolactum price in China, Nylon prices