Saurabh Patel, Finance Minister, has announced in Budget 2015-16 that the Government of Gujarat will impose five per cent tax on technical textiles. The proposal to impose tax on technical textiles will bring additional tax revenue of approximately Rs 80 crore, Patel said.
Browsing: technical textiles
In 2015, India would witness a bigger and wider participation from Taiwan with 18 companies producing high-end and innovative technical textiles, composite Textiles (FRP, fibreglass and carbon fibre), raw materials, accessories and non-woven machinery showcasing their products.
The government has launched four schemes, including a technology mission, for promotion and growth of technical textiles. Technical textiles are materials manufactured primarily for their technical performance and functional properties rather than aesthetic and decorative purpose.
Founded in 1905, Mayer & Cie is one of the world´s leading manufacturers of single and double jersey knitting machines. The Germany-based company has a strong reputation for innovation and high quality in the world of circular knitting.
Global Textile Technology & Engineering Show (GTTES), the maiden show, which the organisers, India-ITME Society says is a business event with a difference, is slated to to be held from January 20-22, 2015 at the Bombay Exhibition Centre (BEC), Goregaon Mumbai.
FICCI TAG 2014 conference took place on November 18, 2014 in Mumbai, which was focused on driving growth through innovation in the textile and apparel industry. A white paper on ?Driving Growth through Innovation?, prepared by FICCI and Wazir, was also released during the conference.
The range of uses for synthetic fibres continues to grow: for instance, man-made fibres are used for the production of functional clothing or technical textiles.