The industry has been pleading the government to remove anti-dumping duty of USD 0.103 to 0. 512 per kg imposed on the VSF during the last several years, which is under active consideration
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The National Committee on Textiles & Clothing (NCTC) convened a meeting of all the stakeholders across the textile value chain on 12th March 2021 and launched a Helpline Portal – http://citiindia.org/yarn-form/form/form.php, at Confederation of Indian Textile Industry (CITI).
Picanol Group has today acquired a minority stake in Rieter Holding AG , amounting to a total of 467,236 shares for a price of 45.4 million EUR.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
India Ratings and Research (Ind-Ra) has revised the textile sector outlook to improving for FY22 from negative, reflecting the likelihood of higher revenues and operating margins, post business disruptions led by COVID-19 in FY21.
Being a large manufacturer and exporter, the Indian textile industry has consistently been looked forward to – in terms of product, manufacturing processes and channels of sale.
The pandemic has brought about major changes across the globe. This health crisis has affected all across, manufacturing and textiles included. Volatility has become a synonym for market. However, there is a bright side to every challenge.