Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
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The technical textiles and nonwovens projects were at quite low level in the last couple of years. Not much of investment has happened in this area, the major reasons have been that investors are unsure.
In a major boost to the textiles and apparels sector, the Telangana government has announced a Textile and Apparel Incentive Scheme 2017, providing a slew of capital and operational incentives for textiles and apparels industries
India’s technical textile market is estimated to reach Rs 1,16,217 crore by 2017-18, and the important feature at this year’s Techtextil India, to be held from September 13 to 15, 2017 at the Bombay Convention.
In Mayer & Cie’s case, the best brand image has been achieved especially by means of the company’s high degree of innovation and its technology leadership.
HGH India 2017, 6th annual edition of the trade show for home textiles, home décor, houseware, and gifting received an overwhelming response from the trade visitors and the industry.
Bharat Bijlee, which has set records in motors manufacturing in the last 70 years, laid the foundation stone for producing drives, servos & automation products in 2007, but the commercial production began only in 2012. ?It all began when in 2007 we entered into a tie-up with Karl E Brinkmann gmbh (now KEB Automation KG) of Germany for distribution of AC Servo drives. We used to buy and sell drives to many industries including textiles.