MARKET & ECONOMY​

Reduction in excise duty on man-made staple fibres of Chapter 55 and filament yarns of Chapter 54.
Interest rates to be capped at 7% for exporters. Expansion of interest subvention scheme to the entire MMF textiles sector. Best FTA treatment to SEZ units. Special Additional Duty (SAD) on MMF. 4% SAD on all man-made fibres should be abolished.

Three big challenges were highlighted by Dr Bryan Haynes, Director, Global Enterprise Research and Engineering, Global Nonwovens, Kimberly-Clark for effective utilisation of nonwovens in the medical and consumer product sectors.

Arvind Limited, one of the largest integrated textile and branded apparel players, has recorded strong growth in the consolidate revenue by 34 per cent at Rs 1,879 crore for the quarter ended 31st March 2014, as against Rs 1,406 crore in the corresponding quarter of the previous year.