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Garment makers want GST to be cut to 5% from 12%
The Clothing Manufacturers Association (CMAI) of India has urged the Centre to reduce GST on all readymade garments to 5 per cent from 12 per cent and retain the same on all types of cotton yarn, synthetic yarn, fabrics and made-ups.
Textile giant Raymond plans to raise 40 crore
Indian textile and apparel giant Raymond recently announced the approval from its committee of directors to raise Rs 40 crore through private placement of non-convertible debentures.
Exports light up the market
In October 2020, the US issued a Withhold Release Order on cotton and apparel imports from specific producers in the Xinjiang Uygur Autonomous Region of China, escalating the already tense trade war between the two large economies.
Ricoh next-gen tech offers productivity breakthrough
The Ricoh Ri 2000 prints 1200 x 1200 dpi resolution on a wide range of garments, from traditional t-shirts or tote bags to an extended application range of canvas shoes, baseball caps or long sleeve shirts.
ITM 2021 to accelerate textile sector
The ITM 2021 exhibition, which is postponed to June 22-26, 2021 due to the coronavirus pandemic outbreak, will direct the world and Turkish textile industry, which will demonstrate a vigorous comeback in the post-pandemic period.
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