India News

Pakistan: PTEA demands immediate release of DDT claims

The Pakistan Textile Exporters Association (PTEA) has de manded immediate release of outstanding duty drawback of taxes (DDT) claims to enhance exports. PTEA chairman Khurram Mukhtar said the cash crunch had squeezed the financial stream, ma...

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China: More duty-free spending power for e-com consumers

Chinese consumers will soon be able to spend 30 per cent more on tariff-free goods from outside the mainland as from January 1, Beijing will raise the annual quota on cross-border e-commerce purchases for individual buyers to 26,000 yuan ($3,75...

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Ludhiana garment Inc seeks government help

Citing the rising cost of production and stiff competition, city -based garment exporters have demanded intervention from the state government to bail them out of the situation.
A delegation of Knitwear and Apparel Exporters Organization me...

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Govt increases duty drawback rates for textile items

The Indian government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items. The announcement made through mini...

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Hitesh Sharma becomes IFKT president

Hitesh Kumar Sharma is the new president of the International Federation of Knitting Technologists. He has been with the organisation since 1999 and has more than 25 years of working experience in the knitting industry. He and has worked in a s...

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Tirupur hopes for FTA with Russia

Knitwear industrialists in Tirupur feel a free trade agreement (FTA) with Russia will help them. Russia imported knitwear garments worth Rs 241 crores and woven garments worth Rs 295 crores from India in 2017-18. Russia has a similar treaty wit...

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Cotton dominates Indian textiles

Cotton plays an important role in the Indian economy as the country’s textile industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn. Cotton yarn and fabric exports accounts for about...

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Weaves to generate Rs 800 cr revenue

To facilitate the partnership between Indian and foreign buyers with manufacturers and traders, a four-day premier textile fair ‘Weaves’, with the theme: Global Connect for Weaving was inaugurated at Texvalle, Coimbatore. Organised jointly ...

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Growing demand for rayon products in India

World rayon capacity concentrates in China, India, Indonesia and Turkey. Besides China that has attracted much attention, rayon demand in India also increases.
VSF export of India has been gradually falling since 2017 and the volume is even...

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ColorJet displaying digital textile printer VASTRAJET

ColorJet India Ltd, India’s largest manufacturer and exporter of digital textile printing technologies will be launching and showcasing live demonstrations of its best selling direct to fabric printer, VASTRAJET at DTG-Dhaka which runs from J...

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Gujarat govt signs MoUs with apparel bodies

The Gujarat government has signed memorandum of understandings (MoUs) with two apparel bodies—the Clothing Manufacturers Association of India (CMAI) and the Intimate Apparel Association of India (IAAI) to promote garment sector in the state. ...

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Snapdeal ‘Brand Shield’ to help brands fight counterfeits

Snapdeal has launched ‘Brand Shield’, an online anti-counterfeiting programme to help brands report any instance of counterfeit items being sold on its platform. The programme has been designed basis inputs received from brand owners, aimed...

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Export of polyester fabrics hit by recession, GST12/21/2018

Export of polyester fabrics hit by recession, GST

Recession and tax issues faced by India’s man-made fabric (MMF) industry in Surat resulted in fall in export of polyester fabric by 13 per cent to $945 million in April-September compared to $1 billion in the same period last fiscal. Polyeste...

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Dr. KV Srinivasan elected chairman of TEXPROCIL12/21/2018

Dr. KV Srinivasan elected chairman of TEXPROCIL


Dr. KV Srinivasan, managing director of Sree Narasimha Textiles Pvt Ltd, Premier Mills Pvt Ltd and Premier Fine Linens Pvt Ltd, has been elected as chairman of The CottonTextile Export Promotion Council (TEXPROCIL) for the years ...

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US to investigate polyester yarn from China, India

The US International Trade Commission (USITC) has determined that there is a reasonable indication that the US industry is materially injured by reason of imports of polyester textured yarn from China and India that are allegedly subsidised and...

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Garment sector seeks settlement of rebate

The Tirupur Exporters’ Association (TEA), the largest knitwear/readymade garment cluster of India, has appealed to Union textiles minister Smriti Zubin Irani and sought an early settlement of Rebate on State Levies (ROSL) claims, which have b...

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Cotton Textile Export Grows by 26 Percent During April to September 2018

Ms. Smriti Zubin Irani, Union Textile Minister, stated that India held a special place in Global Textile Trade as the 2nd largest textile exporter in the world. Today, cotton yarn & fabric exports account for over 23% of India’s total tex...

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RBI hikes interest subsidy for MSMEs exporters to 5%

To boost MSME sector exports, the Reserve Bank said the interest subsidy on post and pre-shipment export credit has been increased to 5% from 3%. The increased subsidy is applicable from 2 November.
Exporters get the subsidy under the ‘Int...

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Arvind rolls out garment manufacturing hub in Gujarat

As part of its expansion strategy, Arvind Ltd, the $1.7 billion textile-to-retail conglomerate, announced the launch of its largest garment hub in Gujarat with two manufacturing facilities commencing operations at Bavla near Ahmedabad. A third...

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China rejects Indian proposal for trade in local currency

China has rejected India’s proposal for bilateral trade in local currencies, an idea aimed at bridging the widening trade deficit with the former, a news agency reported. The issue was discussed in October in an inter-ministerial meeting, whe...

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Pratibha Textile gets Dare to Dream Award by FMPCCI

Indore-based textile firm Pratibha Syntex recently received the ‘Dare to Dream Award’ for emerging company of the year in the textile sector by the Federation of Madhya Pradesh Chamber of Commerce and Industries (FMPCCI). Satish Sachdeva, t...

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Textile industry demands 50% cut in power tariffs

The textile industry leaders will be making a strong representation to Gujarat’s energy minister Saurabh Patel to give 50% concession on the electricity tariff, which they claim will provide a level-playing field with the textile sector in Ma...

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KVIC to run ‘Khadi Express’ train to boost sales

State-run Khadi and Village Industries Commission (KVIC) has said the sale of Khadi products rose over three-fold in the last three fiscals and ‘Khadi Express’ train will be run to create awareness about the segment. According to KVIC, the ...

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Government okays Rs 91,149 crore GST refunds to exporters

The Central Board of Indirect Tax & Customs (CBIC) and state authorities have disposed off GST refunds worth Rs 91,149 crore to exporters, out of total claims of Rs 97,202 crore received so far.
A disposal rate of 93.8% has been achieve...

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Simplified GST return forms to be rolled out from April 1

The new simplified GST return forms will be rolled out from April 1, 2019, Revenue Secretary Ajay Bhushan Pandey said.
He exuded confidence that the government will achieve the budgeted target for Goods and Services Tax (GST) collection and ...

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