P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
Year: 2018
P Nataraj, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Ministry of Shipping and Ministry of Textiles for considering the long pending demand and relaxing the cabotage rule for cotton transport.
Aditya Birla Group firm Grasim Industries will invest over Rs 13,000 crore in its textile and cement businesses over the next 24-36 months, as the company looks to increase capacity and modernise production.
The Union Government has assured the textile and clothing industry that it will identify Central and State embedded taxes and work out a reimbursement scheme soon.
Electronics For Imaging Inc (EFI) continues to revolutionise the future of printing by introducing new technologies at this year’s FESPA Global Expo in Berlin.
Union Minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward.
The two historical reforms viz., demonetisation and GST, brought by the Government within a span of eight months, though had a big impact on the performance of the textile manufacturing sectors especially the garment exports,etc.