The newly-introduced Merchandise Exports from India Scheme has allowed duty credit scrip of two percent, three percent and five percent to exports of notified products to specific countries but does not include export of products such as the dyed and printed cotton fabric and made ups to African countries.
According to R.K. Dalmia, chairman of the Cotton Textiles Export Promotion Council, export of value-added cotton textile products such as dyed and printed fabrics and made-ups to African countries will be affected as the new foreign trade policy has removed the benefits extended so far on these exports.
The early foreign trade policy granted duty credit scrips at four percent of the FOB value of exports in general for export of cotton fabrics and made ups to many African countries.
The share of textile exports to African region is less than five percent now and the potential is huge. The products usually exported to the African countries are the materials that are used in the traditional dresses and are manufactured by small and medium-scale units here. These units need support to tap the potential in the African market.
Best Awning Company, a Denver-based provider of shade solutions, has announced the launch of eco-friendly fabric options for its retractable…
Everbloom has created a materials science–based artificial intelligence system called Braid.AI, making it possible to develop fibers with different features.
Carbonova, which produces carbon nanofibres (CNFs) from greenhouse gas emissions, has closed an oversubscribed C$5.1 million equity financing round.
Armedangels has signed a non-binding Letter of Intent with Finnish company Spinnova to secure potential access to its fibre for…
Intrinsic Advanced Materials, the company behind CiCLO technology, will debut a new generation of responsible-performance luxury home textiles at Heimtextil…
Serge Ferrari Group, a developer of composite fabrics, has announced the expansion of its Batyline Eden collection with the addition…