Search Result For
Result(s) found: 9
Woolmark unveils Wool Lab Spring/Summer 2020
The Woolmark Company unveiled the Spring/Summer 2020 edition of The Wool Lab at Pitti Uomo in a new format which reflects the evolution of the inspirational sourcing guide.
Donear Group acquires OCM Woolen Mills
As a part of the strategy to consolidate their top position in Indian textiles industry, the promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to Indian consumers for all weather conditions and for all occasions. In a win-win deal, OCM gets access to the management expertise of the promoters of Donear Group to expand its product range and distribution footprint within India as well as in the overseas markets.
GST: FAQs for textile industry
Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
Kashmir wool market hit
India saw a decline in exports of woolen yarn, fabric and made-ups by 48 per cent and woolen garments by nine per cent in the first quarter of the current financial year.
India seeks new export markets for wool
India’s wool exports to the US and Europe on the decline, with the result the wool industry is shifting focus to markets such as Kazakhstan, Germany, China and Australia. Exports dropped three per cent in 2015-16 and 17 per cent from April to June 2016. Exports of wool and woolen products stood at Rs 3,012 crore in 2015-16 compared to Rs 3,112 crore a year ago. The decline is 9.4 per cent in dollar terms for the period.
ITMA returning to Milan after a gap of 20 years has kindled the high hopes of the Italian textile machinery industry. Already, the first quarters of 2015 has brought in new hopes for the industry with the order book showing a moderate growth of 8 per cent.
Groz-Beckert & Bekaert sign pact
Groz-Beckert and Bekaert signed an agreement regarding the acquisition of Bekaert´s Carding Solutions activities by Groz-Beckert. The division has around 350 employees. Owing to the acquisition Groz-Beckert expands his existing service programme for card clothing by a corresponding product portfolio.
Advertise Here [300 W x 250 H pixels]