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Industrialists Oppose GST Hike on Cotton Fabrics
Industrialists and traders, especially those dealing with textile industry, have expressed shock over the government’s decision to hike GST on cotton fabrics from 5 per cent to 12 per cent from January 1, 2022.
Odisha to attract investments in several sectors
The Odisha government has decided to go beyond mineral-based industries and attract investments in industries such as automobile manufacturing, textiles & apparels, green energy and electronics & telecommunication equipment manufacturing.
Bread fungus used to develop textile alternative
Food waste and pollution from fashion consumption has led researchers led by a team based in Sweden to develop a textile alternative with “leather-like” properties from fungus (mould) grown on bread waste.
Rise in demand for sewing machines
The size of the market for sewing machines in India has been expanding in recent years, with order books full and the government pumping in investments to the tune of $1 billion in the last 5 years.
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