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Related Keywords: a remission scheme, announced by Textile Ministry, for exporters, import additional duty drawback scheme, offset state levies, readjust duty drawbacks in the new GST regime, Rebate of State Levies on Export of Garments scheme, ROSL, seeking industry feedback, Union government

The Union government to readjust the duty drawbacks in the new Goods and Services Tax regime is seeking industry feedback on it. The ROSL (Rebate of State Levies on Export of Garments) scheme is a remission scheme to offset state levies is an import additional duty drawback scheme announced by the Textile Ministry for exporters in late 2016.

Exporters remained wary about the duty drawbacks in the GST era as clarity over continuation or in which form remained a grey area till now. But they are continuing to book orders presuming it will continue.

Related Keywords: cleared project to set up a common engineering facility centre, demand for yarn will pick up, drive investment, focusing on development of machinery, major global spinning machinery manufacturers, public-private partnership mode, supported loom development projects, Union government, weaving and garmenting do well, weaving and processing sector

The Union Government has been focusing on development of machinery for weaving and processing sector. It has supported loom development projects on public-private partnership mode and also cleared a project to set up a common engineering facility centre. If segments such as weaving and garmenting do well, demand for yarn will also pick up and this will drive investment.

Related Keywords: development of textile park, entrepreneurs, modernization of dyeing units, modernized powerlooms, need for yarn bank, part of modernization existing powerloom, powerloom weavers, produce value-added fabric, Sircilla town, train powerloom weavers, Union government, utilize Central Government schemes

Union government as part of the modernization of the existing powerloom has modernized 5,500 powerlooms and still another 30,000 looms have to be modernized in the Sircilla town.

Union government as part of the modernization of the existing powerloom has modernized 5,500 powerlooms and still another 30,000 looms have to be modernized in the Sircilla town.

Related Keywords: associated in making of textiles, committed towards promoting hand weaving craft, eight different types of industries, given approval for setting up a textile park, part of proposed park, project funding for infrastructure development, provide suitable land for the park, state government, Union government, welfare of weavers in Himachal

The Union Government committed towards promoting hand weaving craft and also for the welfare of weavers in Himachal has given its approval for setting up a textile park in the state. This was stated by Ajay Tamta, Union Minister of State for Textiles corresponding between the Centre and the state government on the issue of setting up the textile park was on.

Related Keywords: cotton corporation of India, fluctuations in cotton and yarn prices, hike in the cost of yarn, Hosiery manufacturers, hosiery manufacturers increase products price by ten percent, impose restrictions of cotton and yarn exports, mechanism needs to be developed, stop releasing any stock of cotton to traders, supply cotton, Union government

Hosiery manufacturers in the aftermath of frequent fluctuations in cotton and yarn prices want the Cotton Corporation of India to not only stop releasing any stock of cotton to traders but they are also looking forward to the Union Government for imposing restrictions on the export of cotton and yarn.

Due to the hike in the cost of yarn supplied to them, the hosiery manufacturers had to increase the price of the products by 10 percent.

Related Keywords: industrialist associated with Panipat, knowledge and technology, manufacturing textile products and textile machinery, MSME Development Institute, nod to set up common facility centre, training, Union government, upgrade skills with advanced technologies

Union government has given its nod to set up a common facility centre in Panipat known for manufacturing textile products and textile machinery for industrialists associated with this sector to give boost.

It would be a common place for industrialists to get training, knowledge and technology about the manufacturing of textile machinery. It would help them upgrade their skills with advanced technologies, said Vijay Kumar, director, MSME Development Institute (Ministry of Micro, Small and Medium Enterprises), Karnal.

Related Keywords: capital subsidy, long term policy, Ministry of textile, new textile policy, states share in central taxes increased, to reintroduce Tufs, Union government, with some tweaks

The Union government is looking to re-introduce the Technology Upgradation Fund Scheme (Tufs) with some tweaks; states might be asked to fund it. They are also looking for a long term policy perhaps for at least 10 years, in the new textile policy, scheduled to be out by month-end, said Sanjay Kumar Panda, Secretary, ministry of textile on Thursday.

In the revised policy, the onus of funding the sector is likely to be put on the states where factories exist. As, the states’ share in central taxes has been increased to 42 percent from 32 per cent earlier.

Related Keywords: announce national textile policy, draft textile policy, fine tune, garment sector, Mahatma Gandhi National Rural Employment Guarantee Scheme, Santosh Kumar Gangwar, Textile ministers of all states, Textile Ministry, Textile Park, Tirupur Exporters Association, Union government

A meeting of textile ministers of all states would be convened in September end to fine tune the draft textile policy, so that the Union government can soon come out with a national textile policy, Minister of State for Textiles Santosh Kumar Gangwar said at the inauguration of the silver jubilee celebrations of Tirupur Exporters’ Association (TEA) in Tirupur.

A textile venture capital fund would be set up with an initial capital of Rs. 35 crore, which would be scaled up further, the MoS said.

Related Keywords: anti dumping duty, polyester chip, polyester filament yarn, polyester manufacturer, PTA import, PTA Useres Association, Union government

The PTA Users Association, which represents manufacturers of polyester chips, polyester films and polyester filament yarn, has appealed to the Union Government to withdraw its recommendation for imposition of the duty on PTA imports.