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Indian textile sector needs a new policy push

Indian textile sector needs a new policy push

"India’s textile sector has the second-largest employment after agriculture, employing 32 million workers. It has the potential to double employment in the next seven years as per the vision document (for 2024-25). India has a rich mix of synthetic and natural fibres and yarns but still remains a cotton-focused. ... Read more

GST for textile sector, in line with the prevailing rates – ICRA

GST for textile sector, in line with the prevailing rates – ICRA

"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more

Vietnam signs deals worth $8 billion with US

Vietnam signs deals worth $8 billion with US

"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more

Is China losing its textile touch?

Is China losing its textile touch?

"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more

Proposed changes in NAFTA to adversely impact LA apparel units

Proposed changes in NAFTA to adversely impact LA apparel units

"The proposed changes in the North American Free Trade Agreement (NAFTA), has resulted in companies planning to shift their manufacturing base away from Los Angeles. As Mateo Juarez, GM, United Jeans says, in Los Angeles County, the minimum wage for businesses with more than 26 employees rises to $12 an hour from July ... Read more

Higher GST on man-made fibre to have negative implications on the indu…

Higher GST on man-made fibre to have negative implications on the industry

"Man-made fibre and synthetic yarn would be levied 18 per cent tax under GST regime while the fabric only 5 per cent. Industry experts feel that keeping the rates of key inputs at a higher level will negatively the competitiveness of small and medium synthetic textile manufacturers. Stating the same as concern of inver... Read more

Synthetic ind questions GST slab, raises issue of Cenvat credit

Synthetic ind questions GST slab, raises issue of Cenvat credit

It is surprising to know that the govt still thinks polyester is a fibre for high class and cotton is for poor class, that is the reason growth is restricted. Soon a day will come when govt will have to think independently, if it wants to grow at bigger pace like Bangladesh/Vietnam etc, says R K Vij, Ad... Read more

Pakistan textile industry disappointed with the budget

Pakistan textile industry disappointed with the budget

"All Pakistan Textile Mills Association (APTMA) has deeply disapproved the proposed Federal Budget 2017-18. It says, the government is not serious about implementing the Rs 180 billion Prime Minister's export led growth package as till now only Rs 1 billion has been released by the State Bank of Pakistan. The governmen... Read more

Real Picture: One year later, textile booster package yet to reach gro…

Real Picture: One year later, textile booster package yet to reach ground level

It’s almost a year since the Central government had announced a special package for the textile industry. But the impact doesn’t seem to be showing, not just yet. Despite the government announcing to would bear the entire 12 per cent employer’s contribution to the employees’ provident fund (EPF)... Read more

India needs comprehensive policy to promote artisans globally

India needs comprehensive policy to promote artisans globally

"If export promotion councils start promoting Indian artisans on the global map with a strong push, then their growth can get a big boost. Delhi, Jaipur, or Lucknow’s local cloth and garment markets are always teeming with Europeans in search of unique Indian designs. Many are entrepreneurs bulk-buying cloth and ... Read more

More policy backing needed to push up India’s apparel export capabilit…

More policy backing needed to push up India’s apparel export capabilities

"While the government is pushing hard to make India a preferred global destination for investment, exports is an area which still needs to grab the attention of the powers that be. Till August 2016, India’s exports had declined continuously for 18 months. There seems to be relief post August with exports starting... Read more

Despite policy initiatives, Pakistani textile industry facing tough ti…

Despite policy initiatives, Pakistani textile industry facing tough times

"Almost half of the 46 textile factories at the Khurrianwala industrial estate outside Faisalabad have gone out of business over the last several years —owing mostly to severe energy shortages in Punjab, suggest media reports. Others are operating at far below full capacity. There needs to be a paradigm shift in ... Read more

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Cotton - Daily Price - Commodity Prices - Price Charts, Data, and News - FashionatingWorld
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AEPC wants GST modified

The Apparel Export Promotion Council (AEPC) wants the Rebate of State Levies scheme to be conti... Read more

US cotton farmers want farm bill

Cotton farmers in the United States say they are in trouble and want a farm bill. They want the... Read more

Surat textile trader ends indefinite hunger strike against GST

Hitesh Sanklecha, a textile trader who was fighting for the removal of GST on MMF fabrics, brok... Read more

GST Affect: Goods move faster, apparel industry to reap benefits

GST has started showing results. It has resulted in the removal of check posts across 22 states... Read more

Bangladesh: Govt reduces source tax on RMG exports

The government is set to reduce tax at source on export of readymade garment following demands ... Read more

EU, Japan conclude agreement

The EU and Japan have entered into a trade agreement. The EU-Japan Economic Partnership Agreeme... Read more

Turkish duties imposed unfair, says India

Turkey has imposed customs duties on textiles and garments from India and some other countries.... Read more

GMAC to bring up tax issues at stakeholders meet

The Garment Manufacturers Association of Cambodia plans to raise a number of tax issues with th... Read more

Tirupur upset over GST

Tamil Nadu’s textile cluster is upset over the GST rates imposed on textile manufacturers... Read more

US firms levy dumping charges

Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple ... Read more

GST a historic step, says SIMA

The Southern India Mills Association (SIMA) has welcomed the GST era for the textile industry. ... Read more

Partial relief in GST for manmade fibers

In a partial relief for manmade textile units, GST on texurising, twisting, weaving and yarn dy... Read more

US make luggage imports duty-free

The United States will extend duty-free treatment to imports of all statutorily-eligible travel... Read more

Arvind disruption minimal, says Credit Suisse

Credit Suisse has maintained an outperform rating on Arvind, with a target price of Rs 450. It ... Read more

Surat cloth traders protest against GST

The roughly 70,000 textile traders in Goodluck Textile Market have refused to register for GST,... Read more

FOGWWA wants a uniform fiber policy in textile sector

For the benefit of Indian textile sector under the new GST regime the Federation of Gujarat Wea... Read more

Agra’s footwear industry says GST too high

Agra’s footwear industry which Agra’s dates back to the Mughal era feels GST rates ... Read more

USTR announces AGOA review for Rwanda, Tanzania, Uganda

The United States Trade Representative (USTR), in consultation with the Trade Policy Staff Comm... Read more

Gujarat Weavers Welfare Association wants fiber policy implementation

For the larger benefit of the Indian textile sector under the new GST regimethe Federation of G... Read more

Euratex warns against hard Brexit

The European Apparel and Textile Confederation, Euratex, has warned against a hard Brexit, sugg... Read more

President, American Fiber Manufacturers Association dead

Paul T. O’Day, president, American Fiber Manufacturers Association, is dead. He was appoi... Read more

Industry insists for revised GST rates

The textile industry wants the proposed 18 per cent GST rate on manmade fibers and yarns to be ... Read more

Embroidery units protest GST

The textile embroidery hub in Surat has decided to agitate against GST from June 24. Embroidery... Read more

Remediation of Bangladesh small RMG factories pending

A large number of small garment factories those are out of the ongoing inspection network, make... Read more

Gujarat fabric traders oppose GST

Textile traders from Surat, Gujarat want fabric and job work to be exempt from Goods and Servic... Read more

US reviews AGOA benefits

The US is reviewing trade benefits to Rwanda, Tanzania and Uganda under the African Growth and ... Read more

India’s garment exports grow eight per cent

India’s readymade garment exports registered a positive growth of just 8.06 per cent in M... Read more

Three-month wait for GST revision upsets industry

The GST council’s decision of considering any rate revision only after three months has c... Read more

Mills want GST revisions to avoid misrepresentations

The Southern India Mills’ Association (SIMA) says there will be huge accumulation of exce... Read more

APTMA to keep mills shut mills in protest

All Pakistan Textile Mills Association (APTMA) has decided to keep all the mills shut next week... Read more

GST may hit small yarn buyers, boost fabric imports

India’s small, non-integrated manmade fabric manufacturers feel threatened by GST. Under ... Read more

EU warns Bdesh again, not to exploit workers to sustain GSP

European Union once again warns Bangladesh on not to exploit RMG workers for sustaining GSP. Th... Read more

EDB seminar on renewed opportunities to enter EU market

The EDB organized a seminar on May 29 in association with the export product associations on 'R... Read more

Anti Dumping reduces exports of Bangladesh jute

India has imposed anti-dumping duties on jute products from Bangladesh. This has affected Bangl... Read more

US wants more from Africa

The US has urged African countries to fulfil their obligations under the terms of Agoa, a prefe... Read more

CMAI facilitates software for GST

Clothing Manufacturers Association of India (CMAI), the premier apparel body, in association wi... Read more

India should aim for FTA with EU

If a FTA between India and the EU comes about, the EU will gain by 0.14 per cent and India will... Read more

Telangana promotes textile sector

A budget of Rs 1,200 crores has been allocated by Telangana for the textile sector for the year... Read more

GST: Promise and pitfalls

The conference which was held on June 11 of the GST Council, addressed a lot of rate issues whe... Read more

GST may make imports cheaper

Synthetic fabric manufacturers feel that with the new GST rates, the cost of imported fabric wi... Read more

Exporters fear ROSL may go

With the goods and service tax expected to roll out next month the rebate on the state levies (... Read more

Textile policy in three months

India will have a textile policy in three months. The draft has been finalized after consultati... Read more

EU insists on labor reforms

The EU will suspend trading terms for Bangladesh and disqualify it for trade privileges if it f... Read more

Assam prepares textile policy

Assam will soon formulate a textile policy to boost the handloom and textile sector. The propos... Read more

Rebates help Indian export growth of 31 per cent

The Rebate of State Levies scheme helped India achieve an export growth of 31.7 per cent in Apr... Read more

GST: Challenges in input tax credit

GST will enable a seamless flow of credit to happen. However there are certain challenges which... Read more

GST cut to 5%: Relief for textiles, apparel job workers

The government has revised and announced a major relief by sharply allowing to cut down GST rat... Read more

Uniform rate may benefit value chain

There are some possible consequences of GST on various raw materials, fabrics and garments. The... Read more

EAC agrees on tax waiver

The East African Community (EAC) has agreed to a three-year tax waiver of duties and value adde... Read more

Pakistan, Turkey move toward FTA

Pakistan and Turkey are in discussions for a FTA. This will enable both countries to improve th... Read more

India and Eurasia aim for FTA

India and the Eurasian Economic Union (EEU) will shortly begin negotiations for a free trade ag... Read more