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Will GST rate at 12% hit textile industry?
August 2016
ICRA, an Indian independent and professional investment information and credit rating agency, opines that a 12 per cent (lower rate) recommended by the Dr Arvind Subramanian Committee will have a negative impact on the textile sector, especially the cotton value chain, which is currently attracting zero central excise duty (under optional route); unlike the man-made fibre sector, where the fibre attracts excise duty at the manufacturing stage (unlike cotton).
A.T.E.: Energising future with eco concerns
August 2015
A.T.E. was founded as a part of India´s freedom movement. The idea ´ to sell high quality German textile machinery in India to challenge the prevailing British monopoly in the field. A.T.E. encompasses three essential elements of life ´ Air, Water, and Energy.
Organic textile drive picks up steam
July 2015
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.
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