The calendar year 2018 had been one of the most challenging years for the textile industry due to the impact of GST on the MSME sector (especially on the textile hubs like Surat, Bhiwandi, Ludhiana, Erode and many others), higher raw material prices, severe liquidity crisis post Punjab National Bank scam and subdued fabric demand.
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Over the last four decades, the company’s brand, SELCO has achieved a valued position in customer’s minds across various industries
India ITME Society has hit the right chord with the needs of the textile industry through GTTES 2019, an exclusive show to capture the world’s attention on strengths and opportunities of global textile industry, with special focus on industry segments.
The Indian Government’s decision to raise the duty drawback rates will boost textile and apparel exports, experts said
The All India Textiles Directory (AITD)â€â€a renewed attempt by the Indian Textile Journalâ€â€was unveiled by Ajit Chavan, Secretary, Textile Committee, Ministry of Textiles, during the 3rd IPF Excellence Awards 2018, which was held at National Stock Exchange on December 13, 2018.
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.