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2018-06-06 11:33:00
This is major relief for the textile industry, says Ujwal Lahoti
Ujwal Lahoti, chairman, Cotton Textile Export Promotion Council said that, “Some policy measures like refund of embedded taxes (also recognised by the Economic Survey for 2017-18), extending
2018-05-28 12:44:00
Over 90% of the textile and clothing industry in the MSME sector causing delays and affecting the financial capability of the units
The industry had seen reduction in downside and ROSL by over 5 % of FOB since the pre-GST period. Also, Indian textile and clothing exporters did not have better access in countries markets such as
2018-05-07 11:57:00
Outdated labour laws within the textile sector hampers India from becoming labour competitive
The report said that, "Low per day wage rate despite the hard work of hand weaving is making this sector financially unviable to the younger generation," suggesting to ensure adequate wages by
2018-04-23 11:15:00
Textile and clothing exports slid 0.4%
There is positive feedback from the government on increasing the drawback rates. But this is yet to happen.A garment exporter who used to get ₹7 or ₹8 a piece from drawback is getting
2018-04-06 10:49:00
Achieving goals turns unsuccessful for Textile policy 2014-19
The salient features of textile policy are establishment of world textile centre and model cotton trading houses, garment cities and capacity building of the Ministry and related organisations,
2018-04-02 12:04:00
$45bn target for FY18 to be might be missed by textile exports
The largest market for cotton yarn China, has imposed around 3.5 per cent import duty on yarn from India under Asia pacific Trade Agreement (APTA), while duty free access is given to Vietnam.This has
2018-02-19 12:00:00
Indian apparel exports decline by 14pc in Jan 2018
Indian apparel export in January this year witnessed decline by 14 percent in rupee and 8 percent in dollar terms compared with the year earlier month, as per latest official data. The sharp fall in
2018-02-14 15:00:00
Rise in ROSL funds to boost textile export
The Budget allocation for remission of state levies (ROSL) scheme has been raised to Rs 2,163.85 crore from Rs 1,555 crore in 2017-18, initiatives like 39 percent increase would help boost textile
2018-01-30 10:00:00
India's textile industry getting hammered with imports flooding the market
Representatives of textile industry have come forward to register their "disappointment" with the government for ignoring the calls of an industry which has been "one of the most impacted by GST".
2018-01-24 15:00:00
Sales tax, duty on cotton imports withdrawn
The Federal Board of Revenue (FBR’s) notification states that textile sector will avail the benefits on imports of raw and ginned cotton having withdrawn sales tax and customs duty on cotton
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