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Synthetic fibre prices to go up due to new GST rate
October 2021
The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.
SIMA wants 5% GST across textile sector
October 2021
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.
GST Council to reduce taxes on Indian apparel industry
September 2021
The Apparel Export Promotion Council (AEPC) said that the GST Council’s decision to correct inverted duty structure on textiles from January 1, 2022 will lessen the tax burden on manmade fibre (MMF) fabrics and garments.
The Indian market for low-voltage drives is forecast to grow at approximate CAGR of 3 per cent
February 2021
Founded in 1915, Yaskawa is one of world’s largest manufacturers of motion control products for industrial automation and OEMs. Yaskawa’s journey in India began with the business of PLC in1980 and AC drives in 1990 and steadily expanded to accommodate growing customer needs. Yaskawa India addresses innovation in drives and motion control and robotics automation. Arjun Gopal, Senior Manager, Key Account Development – HVAC, Water & Textile Business, Yaskawa India discusses the requirement of textile industry with respect to drives and motors and the latest innovations in this field.
Garment makers want GST to be cut to 5% from 12%
January 2021
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.
Garment makers want GST to be cut to 5% from 12%
December 2020
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.
Weaving Success
October 2020
While European textiles and clothing companies have been crucial in providing short-term relief in the crisis, such as converting their production or an increased production of PPE, now long-term goals need to be tackled that involve a renewal process of the sector and its value chain and a more competitive and greener future.
Crisis in Bhiwandi powerloom sector
August 2020
Bhiwandi has approximately 6.5 lakh power looms, which is 33 per cent of country’s total power looms. Out of 6.5 lakh, about 15-20,000 looms are automatic and mostly China made rapier, writes B Basu.
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