Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond. ?We have filed for 26 patents globally and would launch smart textile products using this technology over the next three years,? said Subrata Pal, Business Head – Domestic and Supply Chain Global at Welspun Global Brands Ltd.
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The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 21/2015-20 dated March 23, 2016 reconstituting the Board of Trade as per the provisions given in the Para 300 of Foreign Trade Policy Statement 2015-2020. The objective is to have continuous discussion and consultation with trade and industry.
Indo Count Retail Ventures P Ltd (ICRVL)-a subsidiary of Indo Count Industries (ICIL)-has forayed into Rs 13,000-crore domestic bed linen market with the launch of ?Boutique Living?, a range of bed linen products. The range of ?Boutique Living? products will be available across the country by the month-end.
The Central Board of Excise and Customs (CBEC) through the Circular No.10/2016-Customs dated March 15, 2016 has announced the implementation of the ‘Indian Customs Single Window Project’ to facilitate trade. The Department of Revenue (CBEC), Ministry of Finance, has written, vide its letter dated March 31, 2016 addressed to all Principal Commissioners/Commissioners of Customs & Excise, Customs (Preventive) with regard to implementation of the single window “Integrated Declaration†with effect from April 1, 2016
The DGFT has notified vide Public Notice No. 67/2015-2020 dated March 30, 2016 that ?Textiles Committee? would also be one of the competent agencies to issue Certificate of Origin (COO) under certain Free Trade Agreements (FTAs)/Preferential Trade Agreement(PTAs) along with the other Authorised Agencies.
The Central Board of Excise and Customs (CBEC) has issued Notification No. 28/2016-Cus dated March 31, 2016 amending the earlier Notification No.69/2011-Customs, dated the July 29, 2011. As per the current Notification, the Government has provided deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. April 1, 2016 vide.
Huntsman Textile Effects has streamlined its India Commercial organisation to strengthen sales and aftersales functions, analysis of industry and product trends, expand the business and further improve customer satisfaction. With dedicated Sales teams covering North, Central and South India and Sri Lanka regions compared to North and South regions previously, the teams are now more geographically aligned with Huntsman Textile Effects’ customer base in India.