The Tiruppur Exporters’ Association (TEA) is dismayed on the reduction of duty drawback rates on apparel items. In this revised list, the government has reduced rates for value-added ready-made garments while improving rates for raw materials like cotton, yarn and fabrics.
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Welcoming the new duty drawback rates, the Cotton Textiles Export Promotion Council (TEXPROCIL) said the revision will boost the exports of cotton textiles.
Hohenstein, a testing service provider and research partner in the textile industry, has opened a new textile testing laboratory in Gurugram.
Messe Frankfurt’s Texcare brand is now rounded off by Clean Show USA. Elgar Straub, Managing Director of VDMA Textile Care, Fabric and Leather Technologies, comments on the extension of Texcare trade fairs to include the American Clean Show:
Pratibha Syntex was honoured with Dare to Dream Award in an event recently organised in Bhopal by the Federation of Madhya Pradesh Chamber of Commerce and Industries (FMPCCI).
The Indian Government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
Global yarn production increased by 5 per cent between Q1/18 and Q2/18 whereas global fabric production decreased from Q1/18 to Q2/18, according to the ITMF (International Textile Manufacturers Federation) State of Trade Report 2018.