Cotton imports by Southeast Asian nation of Vietnam have surged by around 50 per cent in January 2018, compared to the same month of the previous year, according to data from the country?s ministry of industry and trade. The US, followed by India, Australia, Brazil and Ivory Coast were the major suppliers of white fibre to Vietnam during the month.
Month: February 2018
Tamil Nadu textile industry has reacted positively to the increase in budgetary allocation to the sector at Rs 7,140 crore but insists that concerns over pending funds under various schemes and erosion of pre-GST incentives still hurt the industry.
Top Value Fabrics (TVF) introduces its new line of High-Definition Textiles by Georg+Otto Friedrich, engineered specifically for brilliant graphics displays.
Uster Technologies, a high-technology instrument developer of products for quality measurement and certification of textiles, has announced plans for a phased evolution in key senior management positions.
Finance Minister Arun Jaitley proposed doubling of customs duty on silk fabrics to 20 per cent to provide adequate protection to domestic industry. According to the Budget 2018-19, customs duty on silk fabrics has been raised from 10 per cent to 20 per cent. Silk exporters, however, said the move would hit shipments of silk garments from India.
Dow Packaging and Specialty Plastics (P&SP), has opened its Pack Studio at Mumbai innovation center. Marking the company’s eighth Pack Studios locationâ€â€and the third in Asia Pacificâ€â€Dow P&SP’s global network of studios brings together technical experts, laboratories and testing capabilities to foster innovation and collaboration, and accelerate the development of new packaging products.
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.