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GST Council to reduce taxes on Indian apparel industry
The Apparel Export Promotion Council (AEPC) said that the GST Council’s decision to correct inverted duty structure on textiles from January 1, 2022 will lessen the tax burden on manmade fibre (MMF) fabrics and garments.
Kitex Group to invest Rs 24 bn in Telangana
Kitex group of companies has increased its investment in Telangana to Rs 24 billion, up from an initial investment of Rs 10 billion, announced in July, according to the company's managing director Sabu M Jacob.
Primary textile production affected by gas shortage
Textile mills owners in Bangladesh said that production in the primary textile sector had declined to almost 50% due to acute shortage of gas and demanded uninterrupted supply of liquefied natural gas.
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