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Incentives for handlooms
The labour intensive sectors which are mostly micro, small and medium enterprises (MSMEs) like handloom, handicraft, leather, sports goods etc have been provided with duty free entitlements with effect from July 1, 2017.
India leads GOTS certification in 2015
The number of facilities certified to the Global Organic Textile Standard (GOTS) kept on growing last year, from 3,663 facilities in 2014 to 3,814 facilities in 2015. GOTS is recognised worldwide as the leading processing standard for textiles made with organic fibres. GOTS certified facilities are now located in 68 (63 in 2014) countries around the world.
MMF: Daring to fly higher!
For the man-made fibre industry (MMF) in India, its disgruntlement is turning into unceasing aggression. The reasons are many: China exports 65 per cent of manmade textiles out of its exports of $650 billion while India´s share of manmade textiles is hardly 20 per cent out of its exports of $40 billion.
Knitted fabrics excluded from MEIS benefits!
The government has announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS).The fresh list issued by the DGFT included exports of cotton fabrics to Bangladesh and Sri Lanka for 2% credit benefits, but excluded value-added items like knitted fabrics under MEIS scheme.
Organic textile drive picks up steam
Does going organic make better business sense in textiles? This is one of the major questions that pop up today in every meeting bordering on sustainability in textiles. The humanity has to draw a line somewhere and say such & such textile products are harmless to the skin, environment and to life itself.
The cotton shake-up
Cotton was the first fibre for mankind. Its history is replete with controversies.
Samuel Joseph attempts to delve into some of the recent contentious issues that have blurred the white gold´s image.
Simpler process needed to avail duty sops: Texprocil
The Cotton Textiles Export Promotion Council (Texprocil) has urged the Centre to reduce the level of value-addition and simplify the process to get duty concessions under the Advance Licensing Scheme.
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