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Related Keywords: duty cut, Indian textile ministry, investment, job creation, Texprocil, Textile Industry, textile machinery, TUFS

Cotton Textiles Export Promotion Council of India (Texprocil), a government constituted body has put forward their proposal to reinstate the benefit as investments made during the 18 month gap are eligible investments before and after extension of the TUFS with the Indian Textile Ministry They have assured that if the government accepts the sector’s demands in the forthcoming Budget and should the Rs 1,000 crore of TUFS money surrendered is given back to the textile industry, the textile industry would invest up to Rs 4,000 crore and set in motion the process of capacity creation 50

Related Keywords: CITME, fabric, Italian technology, ITMA Asia, production process, quality yarn, Textile Industry, textile machinery

Italian technology is showcasing the high level of innovation at the ITMA Asia + CITME 2014 that is now taking place in Shanghai. The textile industry needs machinery that allow for the production of creative, quality yarns and fabrics, while reducing the environmental impact of its production processes.

ACIMIT, the Association of Textile Machinery Manufacturers had launched four years ago Sustainable technologies project which has achieved success with 40 Italian manufacturers adhering to the project and 530 green labels issued since 2011.

Related Keywords: fabric, garment, Pakistan textile industry, Sales tax, textile machinery, Textile Ministry, textile policy, yarn, zero-rated custom duty

As the textile policy (2009-14) formulated by the previous government will end on June 30, 2014. The Pakistan government is contemplating to impose 17 percent sales tax on import of textile machinery on expiry of the current facility ending in June, which is covered under the zero-rated custom duty and sales tax regime. Also the 2 percent sales tax on yarn, 3 percent of fabric and 5 percent on garments would be raised to 17 percent in next two year.