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GST Hike on Textiles, Footwear May Hit MSMEs
The recent increase in the goods and services tax (GST) on finished products such as apparel, textiles and footwear will have financial implications for the Micro, Small and Medium Enterprises (MSMEs) which have a significant footprint in that space, said tax experts.
Textile industry unhappy over higher GST rates
The Centre's notification of higher GST rates for several textile and apparel items from January 2022, has come as a blow to micro, small and medium-scale textile and clothing units.
EU proposal may affect Bangladesh garment exports
A proposal by the European Union may affect Bangladesh's apparel shipment to the bloc even if the country is awarded the Generalised System of Preferences (GSP) Plus status after becoming a developing nation.
Ready to scale new heights
With 7 medals in Tokyo Olympics, India registered its highest medal tally in any Olympics.
Page Industries bags award for green supply chain
Page Industries, India’s leading apparel manufacturer and the exclusive licensee of Jockey and Speedo in India, has been conferred with the leadership award for Green Supply Chain at ESG India Leadership Awards.
Govt approves 7 MITRA parks with Rs 4,445 cr outlay
MITRA parks will offer an opportunity to create an integrated textiles value chain right from spinning, weaving, processing/dyeing and printing to garment manufacturing at one location
Need to invest more in textile machinery manufacturing
India is only second after China when it comes to manufacturing and export of textile globally. The country now needs to work towards self-reliance by building indigenous textile machinery and technology, says Vibhav Jain.
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