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Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
COVID-19 hurts textile exporters
Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events
End GST disparity to gain global share
India’s textile exports have plateaued during the past five to seven years. The domestic textile and apparel industry, including handicrafts, stood at $140 billion in 2018, of which $40 billion was exported to the world market.
SIMA hails marginal increase in duty drawback rates
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Duty Drawback Committee and the Government for considering the inputs given by the textiles and clothing industry and enhancing the rates marginally across the value chain.
Industry should focus on long-term goals
Incorporated in 2005, Palod Himson Machines is engaged in manufacturing, supplying, trading and exporting yarn and fabric processing machines.
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