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2017-06-30 14:00:00
Textile business not going to be adversely affected with GST roll out
The Goods and Services Tax (GST) is not going to adversely affect the textile business. As presently, there is an embedded tax of central excise duties of 3.38% and 2.8% of VAT on cotton yarn,
2017-06-23 15:00:00
Boost to Rivatex as India grants Sh3 bn for machine upgradation
Modernisation of Eldoret, Kenya based Rift Valley Textile Mills ( Rivatex EA) is expected to revive the textile and cotton industry and generate employment, for which the Indian government has
2017-06-23 10:00:00
India Australia to boost tie ups in textile fashion clothing sectors
The Union Cabinet chaired by Prime Minister Narendra Modi approved the pact that will intensify cooperation in the field of textile, clothing, handloom and fashion between the two nations India and
2017-06-21 12:00:00
AP Textile Federation plans to stage Chalo Delhi protest against GST
Andhra Pradesh Textile Federation (APTF) has decided to stage ‘Chalo Delhi’ protest from June 22. Also the Federation threatened to launch an indefinite strike from June 24 if the
2017-06-14 12:00:00
Cut in import duty on blankets to affect domestic manufacturing units
The Central government’s decision to cut the levy of import duty and GST from 29 percent to 16 percent on all imported blankets and fabrics will leave over four crore workers engaged in the
2017-06-12 10:00:00
Assam govt to enact textile policy to market handloom products globally
Government of Assam will soon formulate a textile policy for giving a major fillip to handloom and textile sector in the state. The proposed policy will focus on integrating production and marketing
2017-06-01 15:50:00
Recycled PSF producers seek continuation of tax advantage vis-à-vis virgin PSF in GST regime
The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers in India, has requested the Union Finance Ministry to maintain the
2017-06-01 12:00:00
PSF recycling units seek concessional rate under GST
The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyester staple fibre (PSF) producers mostly small and medium-scale in the country, have sought
2017-05-23 10:00:00
Textile and garment exports target set to $45 bn for FY18
The country’s textile and clothing export target is set to $45 billion for the current fiscal, lower than the initial target of $48.5 billion set for the previous fiscal which was missed by
2017-05-23 10:00:00
Textile and garment exports target set to $45 bn for FY18
The country’s textile and clothing export target is set to $45 billion for the current fiscal, lower than the initial target of $48.5 billion set for the previous fiscal which was missed by
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