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Pakistan: Currency depreciation, energy costs hurt textile industry

Pakistan: Currency depreciation, energy costs hurt textile industry

"Pakistan's textile exports was worth $12.45 billion with imports worth $3.35 billion in 2016-17. The country exported raw cotton amounting to $42.85 million, cotton yarn $1.24 billion, cotton cloth $2.12 billion, cotton carded $235000, yarn other than cotton yarn $24.351 million, knitwear $2.362 billion, bed wear $2.1... Read more

Indian textile sector needs a new policy push

Indian textile sector needs a new policy push

"India’s textile sector has the second-largest employment after agriculture, employing 32 million workers. It has the potential to double employment in the next seven years as per the vision document (for 2024-25). India has a rich mix of synthetic and natural fibres and yarns but still remains a cotton-focused. ... Read more

GST for textile sector, in line with the prevailing rates – ICRA

GST for textile sector, in line with the prevailing rates – ICRA

"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more

Vietnam signs deals worth $8 billion with US

Vietnam signs deals worth $8 billion with US

"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more

Is China losing its textile touch?

Is China losing its textile touch?

"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more

Proposed changes in NAFTA to adversely impact LA apparel units

Proposed changes in NAFTA to adversely impact LA apparel units

"The proposed changes in the North American Free Trade Agreement (NAFTA), has resulted in companies planning to shift their manufacturing base away from Los Angeles. As Mateo Juarez, GM, United Jeans says, in Los Angeles County, the minimum wage for businesses with more than 26 employees rises to $12 an hour from July ... Read more

Higher GST on man-made fibre to have negative implications on the indu…

Higher GST on man-made fibre to have negative implications on the industry

"Man-made fibre and synthetic yarn would be levied 18 per cent tax under GST regime while the fabric only 5 per cent. Industry experts feel that keeping the rates of key inputs at a higher level will negatively the competitiveness of small and medium synthetic textile manufacturers. Stating the same as concern of inver... Read more

Synthetic ind questions GST slab, raises issue of Cenvat credit

Synthetic ind questions GST slab, raises issue of Cenvat credit

It is surprising to know that the govt still thinks polyester is a fibre for high class and cotton is for poor class, that is the reason growth is restricted. Soon a day will come when govt will have to think independently, if it wants to grow at bigger pace like Bangladesh/Vietnam etc, says R K Vij, Ad... Read more

Pakistan textile industry disappointed with the budget

Pakistan textile industry disappointed with the budget

"All Pakistan Textile Mills Association (APTMA) has deeply disapproved the proposed Federal Budget 2017-18. It says, the government is not serious about implementing the Rs 180 billion Prime Minister's export led growth package as till now only Rs 1 billion has been released by the State Bank of Pakistan. The governmen... Read more

Real Picture: One year later, textile booster package yet to reach gro…

Real Picture: One year later, textile booster package yet to reach ground level

It’s almost a year since the Central government had announced a special package for the textile industry. But the impact doesn’t seem to be showing, not just yet. Despite the government announcing to would bear the entire 12 per cent employer’s contribution to the employees’ provident fund (EPF)... Read more

India needs comprehensive policy to promote artisans globally

India needs comprehensive policy to promote artisans globally

"If export promotion councils start promoting Indian artisans on the global map with a strong push, then their growth can get a big boost. Delhi, Jaipur, or Lucknow’s local cloth and garment markets are always teeming with Europeans in search of unique Indian designs. Many are entrepreneurs bulk-buying cloth and ... Read more

More policy backing needed to push up India’s apparel export capabilit…

More policy backing needed to push up India’s apparel export capabilities

"While the government is pushing hard to make India a preferred global destination for investment, exports is an area which still needs to grab the attention of the powers that be. Till August 2016, India’s exports had declined continuously for 18 months. There seems to be relief post August with exports starting... Read more

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AEPC seeks government intervention

With increasing competition from Bangladesh and Vietnam, textile and garment companies, which a... Read more

Indian textile/garment exporters seek budgetary support to stay competitive

Worried about the recent drop in exports of textiles and garments and rise in imports from coun... Read more

PRGMEA demands abolition of duties on cotton yarn

Ijaz A Khokhar, Chief Coordinator of Pakistan Readymade Garments Manufacturers and Exporters As... Read more

Tirupur exporters seek IGST exemption on accessories import

India’s largest knitwear and readymade garment exporters organisation, The Tirupur Export... Read more

CCEA approves .2 bn for SCBTS to skill 1mn workers

The Cabinet Committee on Economic Affairs (CCEA) has approved a new skill development scheme to... Read more

Pakistan apparel makers demand relaxation in import duty

The Pakistan Ready - made Garments Manufacturers and Exporters Association (PRGMEA) has asked f... Read more

India hikes duty on manmade fabric imports

Basic customs duty on manmade fabrics has been increased from ten per cent to 25 per cent. Im... Read more

Cotton traders in Warangal oppose RCM under GST

Cotton traders at Enumamula Market yard in Warangal on Friday protested against the reverse cha... Read more

Government increases MEIS by 2 per cent, manmade fibre industry disappointe…

Cotton textile exporters have welcomed the government’s decision to raise the Merchandise... Read more

CMAI hails positive measures in the mid-term review of FTP

The Clothing Manufacturers' Association of India (CMAI) has hailed the mid-term review of the F... Read more

SIMA welcomes government move to enhance MEIS benefit

The government has increased the Merchandise Export from India Scheme (MEIS) from 2 per cent to... Read more

MOF to incentives GST-compliant MSMEs

The Ministry of Finance (MOF) is mulling the prospect of providing more incentives for The Micr... Read more

Customs duty on fabric imports hiked

Customs duty on imports of synthetic woven fabrics of various qualities, other woven fabrics, s... Read more

Revised drawback may hit apparel exports

India has new duty drawback rates on garment exports from October 1, 2017. Duty drawback can be... Read more

Government launches schemes to upgrade power looms

A scheme has been devised for Indian power loom units. Energy Efficiency Services (EESL) will p... Read more

India cuts and Pakistan raises duty drawback on garments

India has cut duty drawback rates for apparel exporters. The cut back would likely lead exporte... Read more

AEPC wants embedded taxes refunded

AEPC hopes the embedded taxes arising out of the inverted structure will be refunded to exporte... Read more

Textile value chain will benefit from GST rate cut, says CITI

The Confederation of Indian Textile Industry (CITI) has welcomed the reduction of GST rates for... Read more

Synthetic weavers feel GST is a boon

While spinning and weaving segments of the synthetic textile industry have welcomed GST, trader... Read more

GST refund delays affect exporters

Three months after GST was implemented, exporters in Gujarat are facing working capital issues ... Read more

Duty drawback rate cut upsets exporters

India has slashed duty drawback rates from October 1. Drawback is the refund of certain duties,... Read more

NAFTA should retain flexibility

Canadian, Mexican, and US negotiators should update NAFTA in a way that will continue the curre... Read more

SIMA urges centre to re-look on duty drawback rates

Indian textiles and clothing exports has been struggling during the last three years due to the... Read more

Chinese firms concerned about Pak’s poor infrastructure before relocation

The China-Pakistan Economic Corridor (CPEC) may have brought the two countries closer, but the ... Read more

AEPC submits inputs on Gujarat policy

The Apparel Export Promotion Council (AEPC) has welcomed the extension of Gujarat's textile pol... Read more

Tamil Nadu working on a textile policy

Tamil Nadu is in the process of drafting a new textile policy. Textile units want improved infr... Read more

US objects to dumping

Korea and Taiwan are accused of dumping low melt polyester staple fiber in the US.The allegatio... Read more

US assures Africa of AGOA

The United States has assured sub-Sahara African countries that the African Growth and Opportun... Read more

African tariffs may hurt US firms

East Africa wants a ban on imports of secondhand clothing from the US.It’s expected that ... Read more

GST reduction in textiles job work a relief

Textile exporters feel with GST the country's exports will become uncompetitive in global marke... Read more

FOSTTA calls meet to discuss GST demands

Unhappy with the GST Council not taking any decision on the demands put forth by textile trader... Read more

Bangladesh cuts tax on export earnings

Bangladesh has reduced income tax at source on export earnings to 0.70 per cent from the existi... Read more

Weavers service centre to serve as one stop centre for handloom weavers

On the eve of third National Handloom Day textiles minister Smriti Irani, inaugurated a camp fo... Read more

Pass on repo rate cut urge Tirupur Knitwear Exporters

The president of the Tirupur Exporters' Association (TEA) Raja M Shanmugham has appealed to ban... Read more

Export subsidies to be phased out by 2018

As per World Trade Organisation (WTO) rules the Centre has decided to phase out direct subsidie... Read more

Haryana formulates new textiles policy says state industry minister

Haryana’s industries and commerce minister Vipul Goel says the government has formulated ... Read more

SGCCI wants heavy import duty imposed on Chinese fabrics

Southern Gujarat Chamber of Commerce and Industry (SGCCI) and Pandesara Weavers jointly submitt... Read more

AEPC wants GST modified

The Apparel Export Promotion Council (AEPC) wants the Rebate of State Levies scheme to be conti... Read more

US cotton farmers want farm bill

Cotton farmers in the United States say they are in trouble and want a farm bill. They want the... Read more

Surat textile trader ends indefinite hunger strike against GST

Hitesh Sanklecha, a textile trader who was fighting for the removal of GST on MMF fabrics, brok... Read more

GST Affect: Goods move faster, apparel industry to reap benefits

GST has started showing results. It has resulted in the removal of check posts across 22 states... Read more

Bangladesh: Govt reduces source tax on RMG exports

The government is set to reduce tax at source on export of readymade garment following demands ... Read more

EU, Japan conclude agreement

The EU and Japan have entered into a trade agreement. The EU-Japan Economic Partnership Agreeme... Read more

Turkish duties imposed unfair, says India

Turkey has imposed customs duties on textiles and garments from India and some other countries.... Read more

GMAC to bring up tax issues at stakeholders meet

The Garment Manufacturers Association of Cambodia plans to raise a number of tax issues with th... Read more

Tirupur upset over GST

Tamil Nadu’s textile cluster is upset over the GST rates imposed on textile manufacturers... Read more

US firms levy dumping charges

Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple ... Read more

GST a historic step, says SIMA

The Southern India Mills Association (SIMA) has welcomed the GST era for the textile industry. ... Read more

Partial relief in GST for manmade fibers

In a partial relief for manmade textile units, GST on texurising, twisting, weaving and yarn dy... Read more

US make luggage imports duty-free

The United States will extend duty-free treatment to imports of all statutorily-eligible travel... Read more

Arvind disruption minimal, says Credit Suisse

Credit Suisse has maintained an outperform rating on Arvind, with a target price of Rs 450. It ... Read more