The textile industry has welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

Export of man-made fibre (MMF) yarns from India shot up by 35.9 per cent year-on-year basis by scaling a new peak at $20.76 million in June this year.

Bangladesh’s total readymade garment (RMG) shipment touched $28.09 billion in the last fiscal, of which trousers topped the list of apparel exports item accounting for more than 22 per cent.

According to a TechSci Research report, (www.techsciresearch.com) textile chemicals market in India is projected to cross $ 2.5 billion by 2021.

Decks are being cleared, including transfer of land to SIPCOT to construct a textile park at Irur village on the Tiruchi-Perambalur National Highway in Tamil Nadu.

Microban International, a provider of textile odour control and prevention technology, will relaunch its textiles division globally this month.

Textile industry in the region today welcomed the passage of GST bill by Rajya Sabha, terming it as one of the biggest and transformational reforms in the economic history of the country and said it would pave the way for growth of exports.

The 2016 Autumn Edition of Intertextile Shanghai Apparel Fabrics to be held from October 11 to 13, 2016 in Shanghai, China, will have nearly 5,000 exhibitors from more than 25 countries of which India

The World Trade Organisation (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide ‘real-time’ information on trends in global trade. The WTOI was unveiled in Shanghai, China recently, ahead of a meeting of G20 trade ministers. Combining a variety of trade-related indices, WTOI is designed to give an early signal of the current direction of world trade and where it is likely to go in the near future.