CMAI and its family of over 3500 manufacturers and 45000 retailers spanning from Shillong to Srinagar and Surat to Salem heartily welcomes the announcement of the Size India Project by the Minister of Textiles, Smriti Zubin Irani.
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Kitex Garments Limited is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.
Kochi-based Kitex Garments Limited, currently the third largest infant apparel manufacturer in the world, is on track to raise production capacity by over 3.5 times to produce 22 lakh pieces per day by 2025 from the current six lakh pieces of finished garments per day for new-born and babies up to two years.
In the year 2018, textile industry has seen some improvements from the setbacks faced due to demonetisation and GST. Now each and every textile manufacturer, trader and entire value chain have accepted and understood that GST is now a part of the system, and they have to move forward with GST as applicable for their sector.
In FY18, the domestic MMF industry in volume terms stood at 2,506 million kg. Domestic MMF demand witnessed an uptick of about 3.6% in FY18 on account of release of pent-up demand post the demonetisation and GST implementation.
The Tiruppur Exporters’ Association (TEA) is dismayed on the reduction of duty drawback rates on apparel items. In this revised list, the government has reduced rates for value-added ready-made garments while improving rates for raw materials like cotton, yarn and fabrics.
The Indian Government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.