MARKET & ECONOMY​

Surat polyester fabrics, saris and dress materials will be on the shelves of Bangladesh consumers if the SGCCI’s plan to set up an extension office at Dhaka with the assistance of FBCCI brings good results.

The Central Board of Excise and Customs (CBEC) through the Circular No.10/2016-Customs dated March 15, 2016 has announced the implementation of the ‘Indian Customs Single Window Project’ to facilitate trade. The Department of Revenue (CBEC), Ministry of Finance, has written, vide its letter dated March 31, 2016 addressed to all Principal Commissioners/Commissioners of Customs & Excise, Customs (Preventive) with regard to implementation of the single window “Integrated Declaration” with effect from April 1, 2016

Welspun plans to launch a series of smart textiles with patented technology, the company said while formally announcing the patented HygroCotton technology by its premium brand Spaces Home & Beyond.

The DGFT has notified vide Public Notice No. 67/2015-2020 dated March 30, 2016 that ?Textiles Committee? would also be one of the competent agencies to issue Certificate of Origin (COO) under certain Free Trade Agreements (FTAs)/Preferential Trade Agreement(PTAs) along with the other Authorised Agencies.

Indian cotton crop for the next season beginning in October will remain at the same level as the current year. Mumbai-based Cotton Association of India (CAI) released the first estimate for the next year’s cotton crop beginning on October 1.

Indo Count Retail Ventures P Ltd (ICRVL)?a subsidiary of Indo Count Industries Limited (ICIL)?has forayed its entry into Rs 13,000 crore domestic bed linen market with the launch of ?Boutique Living?, a range of bed linen products.

The Central Board of Excise and Customs (CBEC) has issued Notification No. 28/2016-Cus dated March 31, 2016 amending the earlier Notification No.69/2011-Customs, dated the July 29, 2011. As per the current Notification, the Government has provided deeper tariff concessions in respect of specified goods imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA), w.e.f. April 1, 2016 vide.

Huntsman Textile Effects has streamlined its India Commercial organisation to strengthen sales and aftersales functions, analysis of industry and product trends, expand the business and further improve customer satisfaction. With dedicated Sales teams covering North, Central and South India and Sri Lanka regions compared to North and South regions previously, the teams are now more geographically aligned with Huntsman Textile Effects’ customer base in India.