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SIMA: New GST rate for textile goods to solve inverted duty issue
December 2021
The new GST rate of 12% on textile goods (applicable from January 1, 2022) will addresses Indian textile industry’s inverted duty structure issue, said The Southern India Mills' Association (SIMA) while welcoming the move.
NITMA demands anti-dumping duty on imported polyester spun yarn
December 2021
Northern India Textile Mills' Association (NITMA) has urged the Union Textile Ministry to provide a level playing field for the domestic Polyester Spun Yarn (PYS) manufacturers as the PSY imports is at zero duty under ASEAN FTA from Indonesia & Vietnam, whereas polyester staple fibre is not included in the FTA which is cleared at full duty rate of 5%.
GHCL to set up yarn and knitted fabric units in TN
December 2021
As part of its Rs 500 crore investment plan, GHCL will set up a synthetic & synthetic blended yarn production unit in Manaparai (Tiruchirappalli, Tamil Nadu) and a cotton yarn & knitted fabrics unit in Paravai, Madurai district.
The doyen of silk testing
November 2021
Pioneer of a little-known aspect of Uster Technologies
Cotton yarn price rise due to demand from garment sector
November 2021
Cotton yarn prices have increased over 20 per cent in the past three months in tandem with the rise in cotton prices, which have skyrocketed to record highs in the country.
US ban on Chinese cotton affects Tamil Nadu industries
November 2021
Small-time garment factory owners and their employees held a protest in the city condemning the skyrocketing cotton yarn prices and the indifference of the union government to contain the situation.
NITMA demands ADD on imported polyester spun yarn
November 2021
NITMA demands level playing field for the domestic Polyester Spun Yarn (PYS) makers as the PSY imports is at zero duty under ASEAN FTA from Indonesia & Vietnam, whereas polyester staple fibre is not included in the FTA which is cleared at full duty rate of 5%.
Cotton production vis-a-vis price
November 2021
Demand, speculation and consumer awareness on natural fibers are all driving the cotton price, while new crop situation is healthy, says Dr Seshadri Ramkumar, Professor, Texas Tech University, USA
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