MARKET & ECONOMY
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The Union Ministry of Textiles has notified the rebate of State levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The Chhattisgarh Government is planning to develop a ?green? textile park with world-class eco system, for which the Chhattisgarh State Industrial Development Corporation (CSIDC) has identified a 30-hectare land at Village Khapri, in Raipur district.
ColorJet Group, one of the largest manufacturers of digital printers in India, displayed a live demonstration of direct to fabric digital textile printer VASTRAJET at Gartex 2016, which was held in New Delhi from August 27-29.
The Central Board of Excise and Customs (CBEC) has recently revised the Authorised Economic Operator (AEO) programme to push up for speedy clearance of cargo from ports, and reduce time and cost in cross-border trade.
India’s cotton import has soared above 20 lakh bales thanks to skyrocketing cotton prices. While Cotton Advisory Board (CAB) had projected imports of around 15 lakh bales during 2015-16, trade and industry officials opine that imports have already crossed 20 lakh bales.
Malaysia’s textile and apparel exports rose 10 per cent to RM 6.99 billion in the first half of this year compared to RM 6.33 billion recorded a year ago.
Garware-Wall Ropes Ltd (GWRL), a leading manufacturer of technical textiles for the Indian and global markets has achieved a sales revenue of Rs 225.06 crore in Q1FY17 as compared to Rs 239.32 crore in Q1FY16.
Pest attacks, monsoon delay and switch-over to pulses and oilseeds by farmers are expected to pull down India?s cotton planting its lowest level in seven years.