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Related Keywords: expenses incurred on branding, GST levied on MRP, Indian textile industry, keep employment intensive industry, lowest slab of GST, multiple ill effects on entire sector, not on MRP, recommends levy of GST on exfactory price, room for periodic discount offers, transportation

The Indian textile industry has recommended the government to levy goods and services tax (GST) on ex-factory price, which is always much lower than the maximum retail price (MRP) as it would leave some leg room for periodic discount offers. It has also warned the government that if the GST is levied on MRP then it would have multiple ill effects on the entire sector.

Related Keywords: abolition of Hank yarn Obligation, cotton spinning, eight garment units, emerging markets, FTA with European Union, garment and textile exports, Indian textile industry, ITF, Make in India textile industry, MMF, operational in north eastern state, rationalize duty on Man Made Fibre, Santosh Gangwar, Strategy for growth, Union Textile Minister

Union Textile Minister Santosh Kumar Gangwar addressing the 'Make in India-Textile Industry- Strategy for Growth' function, organized by Indian Texpreneurs Federation ((ITF) yesterday said that Prime Minister Narendra Modi will be dedicating eight garment units in the north eastern state in a month. Each of which will be set up at a cost of Rs18.18 crore, work for the units is going in full swing and will become operational in another one months time.

Related Keywords: appeal for rationalization of dury structure, bring transformational change, efficient manufacturing with sustainable best practices, have capacities and raw material availability, higher growth rate, Indian textile industry, Member textile mills of Indian Texpreneurs Federation, on Man made Fabric, yearly mega textile and clothing fair

Member textile mills of Indian Texpreneurs Federation (ITF) feel two things that can bring transformational change to Indian textile industry is rationalization of duty structure on Man Made Fibre (MMF) and yearly Mega Textile and Clothing Fair.

An appeal was made by 320 members of ITF in individual letters to Prime Minister Narendra Modi as part of wishlist for the coming Budget to rationalize duty structure on Man Made Fibre (MMF), which they claimed can transform the textile industry towards higher growth rate.

Related Keywords: global textile machinery, Indian textile industry, ITMA 2015, knitting machine, nonwovens machine, spinning machine, Textile Association (India), weaving machine

The Textile Association (India), Mumbai Unit takes pleasure in announcing a Conference on “Innovations @ ITMA 2015, Milan” on 12th February 2016 at Hotel The Lalit Mumbai, Sahar Airport Road, Andheri(E), Mumbai – 400 059, India.

Related Keywords: changed fundamentally, domestic fiber manufacturers, domestic textile producers, flooded with Chinese textile, Indian textile industry, instead of fabrics from India, largest textile bazaars in Asia, Mulji Jetha market, old textile market in South Mumbai, SRTEPC, traditional textile hubs

Mulji Jetha market, a 136 year old textile market in South Mumbai and the largest textile bazaars in Asia with hundreds of wholesale stories and some retailers too. The market which is still crowded and customers stream in endlessly but it has changed fundamentally. Instead of fabrics from the country’s traditional textile hubs, it is flooded with Chinese textiles.

Related Keywords: delay in conclusion of FTAs, due to glut in the global market, exports declines, facing severe recession, grab emerging global opportunities, Indian textile industry, industry not given enough weightage, market access related issues, structural change, supportive policy measures, undue delay in disbursement of TUF subsidies, world trade

Textile industry that is going through recession is looking for various supportive policy measures from the government to grab the emerging global opportunities. While the Centre looks to address macro issues particularly towards controlling inflation, improving general economic conditions, infrastructure and measures aimed at ease of doing business, the weightage given to the textile industry is not enough.

Related Keywords: Assocham, European Union countries and US, Indian textile industry, industry body, offset negative impact from TPP accord, sign FTAs, textile exports

Indian textile industry to touch its potential of $500 billion by 2025 from the current level of $110 billion, Assocham, industry body advocated signing of FTAs with European Union countries (EU) and entering agreement with the US to offset the negative impact from theTrans-Pacific Partnership (TPP) accord on textile exports.

The chamber has stated that the estimated $500 billion potential consists of domestic sales of $315 billion and exports of $185 billion.
India’s garment exports to the US accounts for 20-35 percent.

Related Keywords: competing nations, getting larger benefits, Indian textile industry, interest subvention for all textile products, open window market access, reduce the central excise duty, remove central excise duty on shuttleless looms, remove duty on Indian cotton yarn, remove import duties, SIMA, to enhance exports, want low tariffs or duty free access

The Indian textile industry has started facing problem as competing nations like Pakistan, Vietnam, Cambodia, South Korea, Bangladesh started getting larger benefits and open window market access. Textile industry to enhance its exports wants low tariffs or duty free access.

C K Narayanasaami, Chairman, SIMA Cotton Development & Research Association and K Selvaraju, Secretary General, Southern India Mills' Association (SIMA) met the Commerce minister Nirmala Sitharaman during her visit to Coimbatore and handed over a 10 point memorandum with the industry's demands.

Related Keywords: apparel import in india, Birla Cellulose, cheap dumping, dumping from china, dumping in India, dumping trade in india, garment export, garment import, Indian textile industry, Kaytee Corporation, textile inspection, textile leaders, vsf import in india

The leading textile players are seeking protection for the textile industry from cheap Chinese dumping in India. About 60 per cent of dumping in India is claimed to be done from China, and unofficial estimate of this trade size ranges from 20-40 per cent of the USD 105 billion domestic textile industry.

Related Keywords: changing Chinese import policy, Confederation of Indian Textile Industry, create conducive environment, end of this financial year, free trade agreement with Eurozone, Increase in exports of garments, Indian textile industry, made-ups and apparels, revival of demand in Europe and US market, South Indian Mills Association, surplus stocks

The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is not adequately prepared to grab the opportunity.