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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.
G K Gupta, ex-Chairman, SRTEPC, is no more
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) is saddened by the sudden demise of Ganesh Kumar Gupta, one of the doyens of the textiles sector, who passed away very recently
ITAMMA’s legacy of 75 years continue with next generation
The Indian Textile Accessories and Machinery Manufacturers’ Association (ITAMMA) proudly declared its milestone of successfully completing 75 years of providing service to the Indian textile industry in one of its historic event on January 31, 2018.
COTTON USA team interacts with Indian mills
Aseven-member COTTON USA Executive Delegation travelled with Cotton Council International (CCI) to Mumbai, Coimbatore and New Delhi to participate in conferences emphasising U.S. cotton’s quality to Indian textile mill leadership and conduct meetings with key mill partners.
Textile industry to reach $2.1 trillion by 2025: ITAMMA President
The Indian Textile Accessories and Machinery Manufacturers Association (ITAMMA), which participated at the recently-concluded Texfair 2017 in Coimbatore, talked about working towards its vision “to make India the hub of textile accessories and machinery by 2020,” and accordingly under mission plan ITAMMA is taking efforts to innovate and improve the technological capability of its member companies through various schemes and initiatives.
Texfair 2017 in Coimbatore ended on an optimistic note with the textile industry looking forward to a happier 2018.
With more than 50,000 small, medium and large-scale industries and textile mills in an around Coimbatore and Tirupur, an event as big as Texfair, which focuses on textile machinery, accessories and spares, is a must for the Southern market of India. In its 11th edition, Texfair 2017, organised by the Southern India Mills’ Association (SIMA), provided a platform for the stakeholder to zero in their investments and expenses prudently, showcase their inventions and cost effective items and other products, enable the technocrats and shopfloor technicians to update their knowledge on the latest technology and create an awareness on cost cutting, to encourage micro, small and medium entrepreneurs also to showcase their products and get exposure to the market. Texfair 2017 was held from November 17-20, 2017 at Codissia Trade Fair Complex, Coimbatore.
Exporters WALKING a tightrope!
India’s textile exporters are finding their competitive edge getting blunt and profit margin thinner, thanks to a weak dollar, demonetisation after-effect and stiff competition from new textile nations. An Exclusive ITJ Report.