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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.
BSL Ltd is aiming for Rs 700 crore in the next 3-4 years
BSL Ltd is a heritage brand in the domain of textiles and suiting. Though the company started as a suiting brand, it has today established itself as one of the leading manufacturers and exporters of furnishing fabrics and suiting fabrics. As part of its growth strategy, the company plans to expand suiting and furnishing businesses and foray into cotton spinning by setting up a new plant. In this exclusive interview with Rakesh Rao, Nivedan Churiwal, Managing Director, BSL Ltd, shares more details about the company’s growth strategy and expansion plans.
GHCL to set up yarn and knitted fabric units in TN
As part of its Rs 500 crore investment plan, GHCL will set up a synthetic & synthetic blended yarn production unit in Manaparai (Tiruchirappalli, Tamil Nadu) and a cotton yarn & knitted fabrics unit in Paravai, Madurai district.
Digital printing helps textile firms meet green goals
Textile companies are under pressure to adopting sustainable practices across the value chain. Traditional printing technologies such as table printing, flat bed printing or rotary printing are expected to give way to digital printing as the latter has an interesting sustainability profile, says Rakesh Rao.
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