Reduction in excise duty on man-made staple fibres of Chapter 55 and filament yarns of Chapter 54.
Interest rates to be capped at 7% for exporters. Expansion of interest subvention scheme to the entire MMF textiles sector. Best FTA treatment to SEZ units. Special Additional Duty (SAD) on MMF. 4% SAD on all man-made fibres should be abolished.
Browsing: Industry Update
The SRTEPC has played a transforming role over the years in promoting exports of Indian Man-made fibre textiles. Exports of these items which were negligible in the 1960s, have grown substantially to touch Rs. 34,518 crores (US$5.75 billion) during 2013-14.
The existing exemption in OEKO-TEX® Standard 100 for a few selected products for solvent residues has been extended for 1-methyl-2-pyrrolidone (NMP).
M&S announced that it would open 100 stores in India by 2016 instead of 86 as planned last year.
The competitiveness of the Chinese clothing industry is set to weaken over the next few years as costs rise. As a result, export growth could falter.
A double-digit growth in consumption is making Aditya Birla Group?s fibre division, Birla Cellulose to focus on the domestic market.
James Heal continues to impress testing experts throughout the world with their latest Martindale Abrasion and Pilling Tester. This masterpiece of precision engineering demonstrates James Heals commitment to simplify and accelerate routine laboratory testing.