MARKET & ECONOMY​

The All India Textiles Directory (AITD)—a renewed attempt by the Indian Textile Journal—was unveiled by Ajit Chavan, Secretary, Textile Committee, Ministry of Textiles, during the 3rd IPF Excellence Awards 2018, which was held at National Stock Exchange on December 13, 2018.

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.

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.

Allcargo Logistics has signed a Memorandum of Understanding (MoU) with JNPT and CIDCO wherein Allcargo will set up the operations, maintenance and management of a Skill Development Centre in Bokadveera, Uran near JNPT.

Archroma, a global leader in colour and speciality chemicals towards sustainable solutions, has announced that Thailand-based Absolute Denim will be the first denim manufacturer to switch 100 per cent of its production to aniline-free indigo dyeing.