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Related Keywords: all kinds of yarn, except polyester filament, finally announces reduction in VAT rate, liablity of the refund will decrease, new rates would be applicable from Friday, notice issued by excise and taxation department, prove very helpful for hosiery trade, Punjab Government, Punjab Spinners Association, relief for ailing spinning mills

The Punjab Government has finally announced reduction in VAT rate on all kinds of yarn except polyester filament, from 6.5pc to 3.63pc. In this regard, the excise and taxation department issued a notification today.

Additional chief secretary (taxation) DP Reddy, who issued the notification on Thursday evening, said new rates would be applicable from Friday.

This will prove very helpful for the hosiery trade and with this, the liablity of the refund will also decrease. Rate of tax on polyester yarn, polyester chips, staple fibre and its waste acrylic fibre will be 6.05 per cent.

Related Keywords: Clothing industry of Myanmar, FDI in garment industry, free trade or preferential trade status to clothing industry, garment export could rise, growing at impressive pace, improve quality, million jobs in garment industry, produce a greater volume of knitted products, set to grow significantly, strategy for the textile and garment industry

Myanmar’s clothing industry is set to grow significantly in the coming years, it is predicted that that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, and that garment exports could rise from US$1.5 million in 2014 to as much as US$12 billion in 2020, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.

Related Keywords: developing cutting-edge fabrics, functional fiber and yarn technologies, Futuristic Textile manufacturing center, incredibly lightweight and flame-resistant, open at MIT Cambridge, range of unusual properties, strong or containing electronic sensors, traditional textile production, yield new products by design

The first-in-the-nation Revolutionary Fiber and Textile Manufacturing Innovation Institute will be opened at the Massachusetts Institute of Technology in Cambridge. U.S. Defense Secretary Ash Carter joined Gov. Charlie Baker and other state leaders on Friday to announce the $317 million Futuristic Textile manufacturing center.

Massachusetts has been chosen to host textiles manufacturing center with a goal of developing cutting-edge fabrics with a range of unusual properties, from being incredibly lightweight and flame-resistant to exceptionally strong or containing electronic sensors.

Related Keywords: CDS, designers used the platform of Lakme Fashion Week, give artisans respect and recognition, Indian designers from fashion industry, involve big fashion houses, local and international market, make it a global brand, promote hand crafted textile, provide space to craftmen, through show titled walking hand in hand

Some prominent Indian designers from the fashion industry have taken the responsibility to promote hand crafted textile of the country after realizing that they have ignored the powerful legacy craftsmanship in a race to make their mark in the global market.

Delhi-based designer Rajesh Pratap Singh, Pero by Aneeth Arora, Anupama Bose from Jaipur, Hemang Agarwal and Asif Shaikh used the platform of Lakme Fashion Week, to give these artisans the much needed respect and recognition, by collaborating with them for a show titled "Walking Hand in Hand".

Related Keywords: An Phuoc to build a silk plant, capacity to produce twelve million items of clothing or linen annually, getting ready for TPP, overseas player keen to invest to set up subsidiary in Vietnam, Vietnamese textile businesses, Vinatex plan to invest in building second plant, with thirty two production lines

Vietnamese textile businesses are getting ready for the Trans-Pacific Partnership, hoping the free trade agreement will usher in an era of unprecedented growth. The Vietnam National Textile and Garment Group (Vinatex), the country's largest textile company, plans to invest $91 million to build a second plant on a 3.7-hectare site in the southern province of Kien Giang which is scheduled to open by next spring.

The new plant will have 32 production lines and the capacity to produce 12 million items of clothing or linen annually. It is expected to boost sales by $37 million.

Related Keywords: ACIMIT, at Techtextil North American edition, ICE Italian Trade Agency, IFAI, innovative solution, Italian machinery manufacturers, organized meeting point, production of machines, Technical Textiles, US market for specialty fabrics and technical textiles

ACIMIT, the Association of Italian Textile Machinery Manufacturers, and ICE-Italian Trade Agency have organized a Meeting Point at the 2016 edition of Techtextil North America where 10 Italian machinery manufacturers involved in the production of machines for technical textiles will show their innovative solutions.

Among these companies ACIMIT members are: Dell’Orco & Villani, Fadis, PMT Ribbons, Ramina, Rollmac, Saspe, Siltex, Tecnorama, Ugolini.

Related Keywords: alternative textiles to cotton, develop clean way to turn birch and pine tree, global output of pulp for textile, grow by thirty percent, into clothes or sofa cover, meet demand from both fashion and furniture firms, Nordic mills export dissolving pulp, Scandinavian pulp makers, Scandinavian textile industry, turned into textile fibre

With global output of pulp for textiles is expected to grow 30 percent by 2020 from 4.4 million tonnes in 2015, according to Oliver Lansdell at forest products industry consultancy Hawkins Wright. Scandinavian pulp makers are developing clean ways to turn birch and pine trees into clothes or sofa covers.

Related Keywords: carpet manufacture, Cavendish sports clothing manufacturer, dying, from knitting, grant aims at creating, grant can accessed by businesses, help expand business, Italian textile machinery manufacturers, producers of personalized garment for team sports, safeguarding jobs in textile sector, secured grant, Technical Textiles, Textile growth programme

Cavendish sports clothing manufacturer from Trafford that produces personalized garments for team sports from its premises in Higher Road, Urmston for last 30 years, secured a grant of more than £12,000 from the Textile Growth Programme.

The grant will help the Cavendish owner, Stan Smith, expand his business and take on more staff. They work hard to understand their customers’ needs, and to give them exactly what they want. That’s not just about the products they sell, it’s about the advice and support that goes with it.

Related Keywords: biggest country group, booking over sixty five percent of total space, Chinese exhibitors, CITME exhibition, energy efficient machinery and processes, ITMA Asia, leading marketing platform for textile machinery manufacturers, showcase advance, sold over ninety percent of exhibition space, spinning machinery

ITMA ASIA + CITME exhibition, a leading marketing platform for textile machinery manufacturers to be held in Shanghai, China has sold over 90 percent of the 180,000 square metres of exhibition space. The enthusiastic response for the fifth combined exhibition proves that the Chinese marketplace, with its vast hinterland, still presents great business opportunities.

Chinese exhibitors make up the biggest country group, booking over 65 per cent of the total exhibition space. The other top participating economies are Germany, Italy, Japan, Switzerland and Taiwan.

Related Keywords: access to seaport networks, competitiveness in global textile market, established supply chain, materials domestically sourced, ranks fourth globally in terms of size, rapid expansion stands chance to become worlds leading production hub, relatively large domestic market, Vietnam National Textile and Garment Group, Vietnamese textile industry

The Vietnamese textile industry currently ranks fourth globally in terms of size, behind textile giants China, India, and Bangladesh. With rapid expansion of textile industry, it stands a chance to become the world’s leading textile producer in the near future, said Le Tien Truong, general director of the Vietnam National Textile and Garment Group.