Browsing: Textile Industry

The GST council has reduced the tax rate on job work on all textile-related items to five per cent from 18 per cent to ensure that the labour-intensive sector is not adversely impacted under the new tax regime.

Islamabad Chamber of Small Traders (IST) has lauded the decision of the Pakistan Government to provide Rs15 billion to the textile sector under the PM’s package.

The VDMA Textile Machinery Association has just published demanding and comprehensive programs of its B2B Forums & Conferences, which will be held in Charlotte (NC) and Mexico City in November.

Nonwoven and technical textiles have important roles to play towards the growth of the Indian textiles sector. India wants its textile sector to reach $250 billion by 2020. There needs to be growth in natural fibre, synthetic fibre, conventional and technical textiles sectors to achieve this economic figure.

The Maharashtra Government will develop an integrated textile park on the sprawling 345 hectare of land in Malegaon. The Government took a decision to hand over the land to the Maharashtra Industrial Development Corporation (MIDC).