As India expects its textile and apparel exports to touch USD 50 billion mark this fiscal from USD 38 billion in 2015-16. The Union Cabinet recently approved a Rs 6,000-crore package for the textiles sector with an aim to create one crore new jobs in three years and attract investments of USD 11 billion.
To further boost apparel exports, government has announced a ‘Special Advance Authorization’ scheme allowing duty-free import of fabric which will come into effect from September 1.
The Directorate General of Foreign Trade in a notification said that the duty free import of fabric under the Special Advance Authorization Scheme for export of articles of apparel and clothing accessories shall be allowed in certain type of products.
Under the scheme, exporters are entitled for an authorization for fabrics including inter-lining on pre-import basis, and All Industry Rate of Duty Drawback for non-fabric inputs on the exports.
The authorization shall be issued for the import of relevant fabrics including inter lining only as input.
Zhejiang Yanpai Filter Technology has placed a new order with Andritz for two additional high-performance needlepunch production lines.
Sunrise has started building a textile factory in Morocco through its newly formed subsidiary, Euwen Textiles. Construction has begun in…
Tendam, in partnership with the University of Design, Innovation and Technology, has released a new study examining the carbon footprint…
Researchers from Latvia have identified mycelium-based insulation as the most promising reuse option for fast-fashion textile waste.
A breakthrough has revealed a new way to convert PET from plastic bottles and synthetic textiles into key components used…
The proposed India–New Zealand Free Trade Agreement (FTA) is expected to significantly strengthen Indian exports.