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Tuesday, 24 October 2017

DuPont highlights new additions to digital ink at SGIA

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Courtesy: Dupont DuPont Advanced Printing, a business unit of DowDuPont Specialty Products Division, highlighted new additions to its innovative digital ink offerings at the recently concluded SGIA show in New Orleans,Louisiana.The company showcased its newly launched DuPont Artistri Xite S2..

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Tuesday, 24 October 2017

Total pesticide use in cotton has fallen since 1980s

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Courtesy: Pesticide Action Network UK Total pesticide use incottonhas fallen since the 1980s, suggest findings of Pesticide Action Network UK (PAN UK). In particular, insecticide use has declined, as has herbicide, although neither are as significant as some have claimed, and both are on..

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Monday, 23 October 2017

Shima Seiki to host private expo in Romania

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SDS One Apex 3 real time 3D view; Courtesy: Shima Seiki Shima Seiki Italia S.p.A, an Italian subsidiary of leading Japanese computerised knittingmachinemanufacturer, in conjunction with its Romanian sales agent, KNIT-TEX ROM, is set to hold a private expo in Arad, Romania, from October 25 to..

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Monday, 23 October 2017

Pakistan govt notifies 50% duty drawback on exports

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The Pakistan government has notified the ‘Duty Drawback of Taxes Order 2017-18’, effective immediately. The announcement is in pursuance of the Prime Minister’s Package of Incentives for Exporters approved by Economic Coordination Committee (ECC) of the Cabinet to provide duty ..

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Saturday, 21 October 2017

LCF selects Lectra's fashion pattern-making solutions

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Lectra, a leader in integrated technology solutions (software, automated cutting equipment, and associated services) designed for industries using fabrics, leather, technical textiles, and composite materials, has announced that the London College of Fashion (LCF), University of the Arts London,..

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Saturday, 21 October 2017

Indian Home Furnishing Exporters Have a Lukewarm First Half of ‘17

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The first half of 2017 has gone by and Indian home furnishing industry is giving mixed response about the business so far. To bring out the real picture, Apparel Online met several exporters across the country. As usual, few exporters expressed happiness about their business in 2017 while for so..

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Friday, 20 October 2017

Sutlej Textiles adds American Silk Mills to its portfolio

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Courtesy: American Silk Mills Sutlej Textiles and Industries Ltd (STIL) has announced the acquisition of design, sales and distribution business and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania. The acquisition of American boutique designer and distributor of resident..

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Tuesday, 17 October 2017

WPI inflation for textiles rises 0.6% in Sept 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined to 2.60 per cent for the month of September 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.6 per cent to 113.4, while the index for ‘Manu..

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Tuesday, 17 October 2017

India's garment exports up 24.93% in September 2017

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The exports of readymade garments from India in September 2017 was recorded at Rs 10,707 crore, up 24.93 per cent over exports of Rs 8,570 crore in the same month of previous year, according to thetradedata compiled by Indian Texpreneurs Federation (ITF). The rise in exports is a boost to the do..

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Tuesday, 17 October 2017

NITRA to intensify R&D for textile & clothing industry

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NITRA chairman Sanjay Kumar Jain speaking at the convocation; Courtesy: NITRA To provide better support service to thetextileand clothing industry, Ghaziabad based Northern India Textile Research Association (NITRA) will intensify its core activity of research and development. This was state..

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Monday, 16 October 2017

Indian minister urges exporters for upliftment of artisans

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Courtesy: PIB Union textiles minister Smriti Irani has urged thetextileexporters to contribute towards artisans' welfare and development. The design and product development in the textiles industry has a crucial role in value realisation which helps in the growth of the artisans and prod..

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Saturday, 14 October 2017

Textile industry expects growth with GST rate revision

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The Indiantextileindustry is hopeful of growth with revision in the GST rate announced at the 22ndmeeting of the GST Council. The change in GST rate will strengthen the entire textile value chain and make textile industry globally more competitive while boosting electronic payment of taxes, acco..

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Saturday, 14 October 2017

Maharashtra to start online cotton registration soon

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Maharashtra cooperation, marketing and textiles minister Subhash Deshmukh has directed the Agriculture Produce Market Committees to commence online registration of farmers for the purchase ofcottonfrom October 18 for the 2017-18 season. Cotton prices, however, are yet to reach minimum support pr..

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Friday, 13 October 2017

GST Council raises threshold for composition to Rs 1cr

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Indian finance minister Arun Jaitley (left) chairing the 22nd GST Council meeting. MoS for finance Shiv Pratap Shukla is also seen. Courtesy: PIB The Goods and Services Tax (GST) Council met today in New Delhi and took stock of the implementation of GST in the three months since it has been ..

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Friday, 13 October 2017

RIL forays into co-branded apparel; launches R|Elan

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Courtesy: Reliance Industries Limited Reliance Industries Ltd (RIL) has forayed into co-branded apparel business with the launch of R|Elan high-performance fabrics brand in Bengaluru today. RIL has created R|Elan following extensive R&D, and using its expertise in fibre re-engineering. T..

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Friday, 13 October 2017

India's MMF sector can soon expect 'good news': minister

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Indian textiles minister Smriti Irani during a discussion at the India Economic Summit. Courtesy: World Economic Forum India’s man-made fibre (MMF) sector can soon look forward to ‘good news’ as a inter-ministerial group (IMG) has been formed to suggest measures to maximise..

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Friday, 6 October 2017

Raymond launches 'Khadi Wool' with Woolmark

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(L-R) Arti Gudal, Woolmark; Raymond CMD Gautam Singhania; Raymond CEO Sanjay Behl;Courtesy: Raymond Raymond in association with The Woolmark Company has launched 'KhadiWool'. The first of its kind collection is the exquisite range of pure wool and wool blended fabric from Raymond, of..

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Friday, 6 October 2017

GST to increase working capital needs of manufacturers

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Courtesy: India Ratings & Research The Goods and Services Tax (GST) would result in higher working capital requirements for most of the companies in the manufacturing sector, includingtextileproduction, according to India Ratings and Research (Ind-Ra). The increase in capital requirement..

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Thursday, 5 October 2017

RBI keeps policy repo rate unchanged at 6%

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RBi governor Urjit Patel addressing a press conference in Mumbai post release of bi-monthly statement; Courtesy: DoorDarshan On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) of the Reserve Bank of Indi..

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Thursday, 5 October 2017

ASSOCHAM seeks extraordinary steps to revive economy

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The Indian industry is looking up to the government to take a few extraordinary steps, such as relaxing the fiscal deficit targets and increasing public spending to boost investment -led growth, which would lead to more jobs and revival in consumer demand, the Associated Chambers of Commerce and..

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Tuesday, 3 October 2017

CII offers suggestions to Indian govt on GST rules

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Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two f..

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Friday, 29 September 2017

TEA urges govt to resolve exports related issues

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TEA representative with Union commerce minister Suresh Prabhu (right); Courtesy: TEA The Tiruppur Exporters' Association (TEA) has requested the central government to address exports related issues including GST implications. In a memorandum submitted to the union minister of commerce, S..

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Thursday, 28 September 2017

Placement rate in textiles sector is 70%: Indian minister

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Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair 'VASTRA 2017', in Jaipur. Courtesy: PIB The recent high growth of foreign direct investment (FDI) in the Indian textiles sector has boosted the confidence leve..

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Wednesday, 27 September 2017

Shoppers Stop to sell 5 per cent equity stake to Amazon

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Courtesy: Shoppers Stop Mumbai-based Shoppers Stop Limited is all set to sell its 5 per cent equity stake to e-commerce giant Amazon. The stake will be sold to Amazon at Rs 179.25 crore after an approval from its shareholders at an EGM scheduled to be held on October 18. The step by the reta..

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Monday, 25 September 2017

Handicrafts trade facilitation centre opens in Varanasi

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Prime Minister Narendra Modi dedicating the Deendayal Hastkala Sankul to the nation, in Varanasi, Uttar Pradesh on September 22, 2017. Courtesy: PIB Prime Minister Narendra Modi dedicated the Deendayal Hastkala Sankul, atradefacilitation centre for handicrafts at Varanasi, to the nation last..

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Tuesday, 12 September 2017

Zenitex CEO Desai bags Giants International honour

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Viral Desai (3rd from left) receiving the Giants International award Viral Desai, Gujarat’stextileecopreneur and CEO of the Surat based Zenitex, has been honoured with Giants International award for his tremendous contribution towards environment protection and his social initiative &l..

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Monday, 11 September 2017

India's GDP growth momentum stays strong: Morgan Stanley

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Though disruptions related to the goods and services tax (GST) resulted in economic activity in India losing its steam, the growth momentum remains strong and thecountrymay still witness a 6.7 per cent GDP growth in the current fiscal, according to a recent Morgan Stanleyreport. In April-June, e..

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Saturday, 9 September 2017

Civil disobedience by handloom manufacturers against GST

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Indian handloom and handicraft manufacturers have joined together to oppose goods and services tax (GST) on khadi items and those made from coir, grass and jute. Workers led by Graama Seva Sangha (GSS) launched a ‘tax denial satyagraha’ in Bengaluru on September 8, urging traders not..

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Friday, 8 September 2017

Telangana seeks more CCI cotton purchase centres

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A group of MPs from Telangana, led by the state’s irrigation minister T Harish Rao, recently asked Union minister Smriti Irani to instruct theCottonCorporation of India to open more purchase centres in the state as bumper harvest is expected this year. Irani has decided to send the textile..

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Tuesday, 5 September 2017

Telangana to woo investors at Techtextil India 2017

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Courtesy: Messe Frankfurt With the aim to attract investors to the megatextilepark in Telangana, the department of handlooms and textiles, Government of Telangana has signed up for the InternationalTradeFair for Technical Textiles and Nonwovens - Techtextil India 2017. The government aims to..

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Monday, 4 September 2017

Indian cotton yarn exports fall between April to July

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Indiancottonyarn exports witnessed a fall of 9.79 per cent in the first four months of fiscal 2017-18, according to data compiled by the Cotton Textiles Export Promotion Council (TEXPROCIL). Exporters cite slow pick up by China and Bangladesh, the two big target markets comprising around half of..

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Friday, 1 September 2017

Vijay Textiles Q1 FY18 net profit jumps 245%

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The net profit of Vijay Textiles Limited jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017. The company's total revenue rose 66.54 per cent amounting to Rs 40.94 crore in the first quarter of fiscal 2018 comp..

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Thursday, 31 August 2017

TUV Rheinland India to work with EPCH

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TUV Rheinland India, a subsidiary of Germany’s TUV Rheinland Group, a worldwide leader in testing, training, inspection, consulting and certification, has signed an MoU with Export Promotion Council for Handicrafts (EPCH), engaged in promotion of exports of handicrafts from India, to work ..

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Thursday, 31 August 2017

India begins investigation on NFY import from EU, Vietnam

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Directorate General of Anti Dumping & Allied Duties, ministry of commerce and industry, Government of India, has initiated anti-dumping investigation concerning imports of “NylonFilamentYarn (Multi Filament)” originating in or exported from EU and Vietnam. The product under c..

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Monday, 28 August 2017

SDC organising training courses on colour management

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With Fibre2Fashion as its marketing partner, Society of Dyers and Colourists (SDC) is organising training courses to impart sound understanding of colouration, colour management, and colour fastness. The courses, providing in-depth knowledge and a firm grounding in fabric colourat..

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Saturday, 26 August 2017

India urges Uzbekistan to cut tariff on fabrics, madeups

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The Government of India has requested Uzbekistan to consider reduction of import tariff imposed by Uzbekistan, especially on fabrics and madeups. India’s commerce and industries minister Nirmala Sitharaman also urged the visiting Uzbek ministers to reduce duty on readymade garments and..

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Wednesday, 23 August 2017

Korean team happy with Kakatiya textiles park location

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A visiting Korea Federation ofTextileIndustries (KFTI) delegation has expressed satisfaction over the location and infrastructure of the proposed Kakatiya Mega Textiles Park in Telangana’s Warangal Rural district. Delegation chairman and Youngone Corporation chief Kihak Sung offered a few ..

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Thursday, 10 August 2017

Cut in textile job work GST a huge relief: Texprocil

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The reduction in Goods and Services Tax (GST) rate for job work for the entire value chain of textiles sector to 5 per cent is a huge relief for the sector, TheCottonTextiles Export Promotion Council (Texprocil) has said. Prior to GST Council’s recent decision, job works related to man-mad..

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Monday, 7 August 2017

GST Council finalises e-way Bill

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The Goods and Services Tax (GST) Council, headed by Union finance minister Arun Jaitley and comprising finance ministers of all states, has finalised the e-way Bill. The Bill mandates pre-registration of all goods worth over Rs 50,000 before they are transported for sale. However, pre-registrati..

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Saturday, 5 August 2017

India's textile exports show 3.2% CAGR rise in 3 years

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India’s export of textiles and garments showed a CAGR increase of 3.2 per cent in the last three years from Rs 2,47,546 crore in fiscal 2014-15 to Rs 2,63,494 crore in 2016-17. The foreign direct investment (FDI) equity inflow in the sector rose by 169 per cent from $230.13 million in 2015..

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Tuesday, 1 August 2017

CBEC issues clarifications on GST for textiles sector

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The Central Board of Excise and Customs (CBEC) and Commercial Taxes Departments of States/Union Territories have jointly issued clarifications on various aspects related to the Goods and Services Tax (GST). This comes in the wake of protests against various clauses and rules under the GST regime..

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Thursday, 27 July 2017

198 exhibitors took part in Heimtextil, Ambiente India

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Courtesy: Heimtextil India Around 198 exhibitors and 7,457 visitors attended India’s leading home fashiontradefair duo Heimtextil India and Ambiente India, held during June 20-22, 2017 in New Delhi. The shows marked the start of the pre-festive retail season in India. One-on-one buyer-..

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Monday, 24 July 2017

TEXTILE SECTOR HIT, EXEMPT IT FROM GST: OPPOSITION

The Opposition in Rajya Sabha raised Thursday the issue of protests by textile manufacturers and traders against GST, saying the new tax would adversely affect the industry, especially the handloom segment. Several Opposition members raised the matter during zero hour, with some demanding that t..

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Saturday, 22 July 2017

No shortage of cotton & yarn in country: Minister

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There is no shortage ofcottonand yarn in thecountry, and the Central Government reviews the cotton availability position from time to time, minister of state for textiles Ajay Tamta has said. Adequate availability of cotton is ensured through domestic production andtextilemills are able to sourc..

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Friday, 21 July 2017

Textile traders end strike following Centre's assurance

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Textilemarkets in Surat, Ahmedabad, Rajkot and other places have opened after textile traders called off their strike against the imposition of five per cent Goods and Services Tax (GST) on fabrics. The strike was called off after Union finance minister assured Surat and Ahmedabad textile market..

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Wednesday, 19 July 2017

Improvement expected in textiles production: FICCI survey

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For the April-June 2017-18 quarter, a little over two-fifths of participants expect their production level to be similar to that of same quarter last year, while a third expect it to be higher as compared to the same over the same period, says the latest FICCI quarterly survey on Indian manufact..

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Tuesday, 18 July 2017

EXPORTS GROWTH SLOWS IN JUNE, TRADE GAP WIDENS

New Delhi: India’s exports growth slowed to a four-month low in June while heavy buying of gold lifted imports, causing a spike in trade deficit from a year earlier, though the gap narrowed from the previous month. Exports grew 4.39% to $23.5 billion, while imports rose fast..

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Monday, 17 July 2017

INDIA'S EXPORTS UP 4.39% IN JUNE, TRADE DEFICIT WIDENS ON IMPORTS OF GOLD AND OIL

India's export grew by 4.39 per cent to $23.56 billion in June as shipments of chemicals, engineering and marine products improved, according to the official data released today. Import too rose by 19 per cent to $36.52 billion in June from $30.68 billion in the year-ago month due to ri..

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Friday, 14 July 2017

Indian govt carrying out 4th census of handloom weavers

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The government is carrying out the fourth national census of handloom weavers and allied workers to get a realistic picture of their presence and tailor policies for their welfare. It has already started collating data for this purpose. The exercise is expected to get completed by December 2017 ..

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Thursday, 13 July 2017

GOVT PROCUREMENT THROUGH GEM HELPS 20-30% CUT IN PRICES: SITHARAMAN

Procurement through the Government e-Market (GeM) platform has led to a 20-30 per cent reduction in prices compared to before, Commerce & Industry Minister Nirmala Sitharaman has said. The Central and State governments procure goods and services worth overRs.5 lakh crore annually, and th..

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Wednesday, 12 July 2017

GARMENT EXPORTS LIKELY TO REGISTER 15-18 PC GROWTH IN FY 18

Mumbai: India's garment exports are expected to register a 15-18 per cent growth in FY 18 as against USD 17 billion registered last year, a senior government official said here."We have clocked 18 per cent growth in garment exports since January 2017 and we hope that similar trend may c..

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Tuesday, 11 July 2017

INDIAN TEXTILE SECTOR TO TOUCH $250 BILLION BY 2019'

The Indian textile industry will grow in size to be a $250 billion market in the next two years from $150 billion now as the sector has tremendous growth potential, according to textile commissioner Kavita Gupta. Currently the domestic market of the country is estimated to be a $110 billion mark..

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Saturday, 8 July 2017

'Indian textile sector to touch $250 billion by 2019'

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The Indiantextileindustry will grow in size to be a $250 billion market in the next two years from $150 billion now as the sector has tremendous growth potential, according to textile commissioner Kavita Gupta. Currently the domestic market of thecountryis estimated to be a $110 billion market, ..

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Thursday, 6 July 2017

INDIA, RUSSIA TEXTILE TRADE LIKELY TO REACH MORE THAN $1BN

The textile trade between India and Russia currently stands at $161 million, but has the potential to reach more than $1 billion with a huge market of winter wears in Russia, said J K Dadu, additional secretary, Union ministry of textiles while speaking at a country session on the second day of ..

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Thursday, 6 July 2017

INDIA INVITES FIRMS FROM ASEAN COUNTRIES TO INVEST

Keen on fast-tracking the negotiations on the Regional Comprehensive Economic Partnership (RCEP), India on Tuesday invited companies from Asean countries to invest in numerous sectors here. Talking at the 9th edition of the Delhi Dialogue, a conference in which policymakers converge to discuss a..

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Wednesday, 5 July 2017

TEXTILES INDIA 2017: INDUSTRY LEADERS RAISE CONCERNS OVER IMPACT OF GST ON EXPORTS

Rakesh Mohan Joshi, faculty at Indian Institute of Foreign Trade, said that GST implementation remained a concern for the industry at large. A day after the goods and services tax (GST) roll-out, concerns regarding its implementation were shared by various industry leaders who took part in confe..

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Tuesday, 27 June 2017

INDIA-AUSTRALIA TO BOOST COLLABORATION IN CLOTHING, FASHION

India and Australia will intensify cooperation in the field of textiles, clothing, handloom and fashion, with the government approving an agreement between the two nations in this regard. The Memorandum of Understanding between the Ministry of Textiles and the Department of Foreign Affairs and T..

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