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Budget 2020 FOCUS ON GROWTH!
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
CMAI hails clarification to e-commerce policy
The Clothing Manufacturers Association of India (CMA) has thanked the Government, especially PMO, Commerce and Textiles Ministry for implementing this much-awaited Policy, which will bring level players for all domestic retailers.
Designed For Gains
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.
Boost for textiles exports
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
CMAI Apparel Index shows positive outlook
A Report on CMAI’s Apparel Index for the First Quarter (April-June FY 2017-18) shows a positive outlook for the next quarter with a growth at 2.77 points.
Texprocess Pavilion adds value to Techtextil India
India’s technical textile market is estimated to reach Rs 1,16,217 crore by 2017-18, and the important feature at this year’s Techtextil India, to be held from September 13 to 15, 2017 at the Bombay Convention.
GST Plus Outweighs Minus!
The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.
CMAI inks MoU with China’s Chamber
CMAI has signed an MoU with CCCT to explore new business opportunities in apparels and exchange trade and data for mutual benefit.