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.
Browsing: Apparel Export Promotion Council
Seamless clothing plays an important role with its advance technology that quickens the production process and gives comfort for the wearer without a seam. Dr S Kauvery Bai and Pallavi BS elaborate on how to design and develop seamless handloom garments using double cloth tubular weaving technique.
Apparel Export Promotion Council (AEPC) has signed an MoU with the Tehran Garment Union (TGU), an influential manufacturers and retailers association with legislative power in terms of garment commercial affairs in Iran. The MoU signed during the recently-concluded 57th India International Garment Fair (IIGF) in New Delhi by Ashok G Rajani, Chairman, AEPC, and Mohamad Javad Sedghamiz, VP, TGU, will fuel efforts to promote bilateral trade and industrial cooperation in the textile and fashion sectors among Indian and Iranian partners.
Britain’s decision to exit from the European Union is likely to heighten the uncertainty in garments and other sectors in India. Karthik Muthuveeran analyses its impact on textiles. The Brexit impact is not only limited to Britain, but also European countries. London has always acted as a financial hub, which gives access to capital markets of the world to Europe. But with Brexit, European Union will end up having a limited access to capital markets. In all likelihood, access to this market will form a key part of trade negotiations. There are as many pros as cons in Britain exiting the Europe.
The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.
India’s Apparel Export Promotion Council (AEPC) has embarked on an exploratory visit to Iran to understand the market after removal of sanctions. A delegation under the stewardship of Ashok G Rajani, Chairman-AEPC and four executive committee members of the council visited Tehran recently.
“Haryana is the upcoming destination for investment in apparel industry and is turning into an apparel hub,†says PK Das, Additional Chief Secretary, Government of Haryana, while talking at the discussion held with respect to upcoming‘Happening Haryana: Global Investors Summit†in Gurgaon.