Related Keywords: fabric, fibres, manufacturing, nonwoven, oil, sustainable, Textile, thermoplastic
What are the key attractions of the composites industry for manufacturers of technical textiles?
Post petroleum shoe has come into the market
Related Keywords: accessories, Brazil, France, oil, organic cotton, plastic, Recycle, shoes, Veja
Veja, a French company known for its sustainable shoes and accessories, has developed a running shoe that’s 53% bio-sourced. This is Veja’s first foray into the running market and the shoe, called the ‘Condor,’ is being referred to as the “post-petrol” running shoe.
Reliance Industries plans to acquire foreign retailers
Related Keywords: brand, fitness, India, Mukesh Ambani, oil, partner, Reliance, sports, Textile
India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia's richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to try to tap into Indians' rising disposable incomes.
Zimbabwean govt put efforts to rebound cotton production
Related Keywords: decline in international cotton prices, efforts to sustain the textile sector, fifth of agricultural exports, major source of income, offering greater rewards, oil, reviving cotton farming, spinning and weave as well as textiles., substitutes as synthetic fibres, white gold declined, will extract wool, Zimbabwean cotton production
Zimbabwean cotton production 'white gold' at its peak period produced 353 000 metric tonnes in 2000-2001 was the major source of income and livelihood for rural communities around the Gokwe, Sanyati, Rushinga and Checheche areas and accounted for close to a fifth of agricultural exports but output declined to 102 000 tonnes this year.
VAT dept raids eight textile mills over fake invoices
Related Keywords: chemicals and dyes, claiming input tax credit, eight textile dyeing and printing mills, fabrics, fake tax invoice, ITC, oil, purchasing raw materials like lignite, reducing liability to pay VAT, Sachin and Pandesara GIDC, VAT department raids
Eight textile dyeing and printing mills in the city's Sachin and Pandesara GIDC were held for claiming input tax credit (ITC) on fake tax invoices and thereby reducing their liability to pay VAT by the VAT department of state government on Friday.
Under the VAT system, bogus dealers (dealers who take registration on wrong credentials and then disappear) issue fake tax invoices on the strength of which genuine dealers claim input tax credit and reduce their VAT liability. Now, the VAT department has tightened the noose on such mill owners. A huge ITC racket is likely to be unearthed.
