The GST Council, has decided to impose 12% GST on all textile products except cotton to correct inverted duty structure in the sector. The new rates will be effective from January 1, 2022.

The garment industry has witnessed a remarkable rebound in exports since the wake of covid-19, but there are bigger challenges staring the sector in the form of supply chain constraints.

PM MITRA scheme is expected to bring fresh capital investment of $ 5.5-6.0 billion and in turn create export opportunities of around $ 4.5-5.0 billion p.a. for textile products once the scheme is fully implemented, according to a CARE Ratings report.

The company will deploy CertainT platform – Applied DNA’s traceability system – to secure recycled polyester supply chain.

The coal crisis in the country has hit the textile processing units very badly in Surat. Nearly 400 units, employing close to 500,000 people, plan to cut down production from next month because of rising coal prices.

Bast Fibre Technologies (BFT), a manufacturer of specialty natural fibres for the global nonwoven industry, announces the acquisition of Faser Veredlung Tönisvorst (FVT).

Page Industries, India’s leading apparel manufacturer and the exclusive licensee of Jockey and Speedo in India, has been conferred with the leadership award for Green Supply Chain at ESG India Leadership Awards.

A new kind of fibre developed by researchers at MIT and Sweden can be made into clothing that senses stretching or compression, and provides immediate tactile feedback through pressure, lateral stretch, or vibration

The coal crisis in the country has hit the textile processing units very badly in Surat. Nearly 400 units, employing close to 500,000 people, plan to cut down production from next month because of rising coal prices.