A.T.E. has a formidable presence in textile engineering, both in conventional and technical textiles. The company provides a wide range of textile machinery and accessories across the textile value chain along with a comprehensive range of utilities.
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To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
To boost exports, government has announced a scheme namely “Scheme for Remission of Duties and Taxes on Exported Products†(RoDTEP) to all export goods, including textiles and garments with effect from 1st January, 2021.
The National Textile Policy is expected to target investments worth Rs 10,000 crore and exports of $100 billion. Sivaramakrishnan Ganapathi, MD, Gokaldas Exports and P Sundararajan, CMD, SP Apparels giving insights to the policy said it is set to boost the Indian textile industry.
The export of apparels from Myanmar have declined by 50 per cent in two months because of drop in demand from the European market the ministry of commerce stated in a news report.
In October 2020, the US issued a Withhold Release Order on cotton and apparel imports from specific producers in the Xinjiang Uygur Autonomous Region of China, escalating the already tense trade war between the two large economies.
As economy is slowly and steadily opening up despite the COVID-19 pandemic scare, export companies need to start evaluating the whole scenario so that their products and services overseas grow faster and do better, says Leo Shastri, Director – Operations & Strategy, Usha Exim.