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2016-01-02 15:00:00
TN power loom units demand reduction of VAT on cotton yarn
The Central Sales Tax on the yarn is two percent, while in Tamil Nadu; the Value Added Tax (VAT) is five percent on cotton yarn. Further, fabric is exempted from VAT here. With the high VAT rate on
2016-01-02 12:00:00
Ludhiana textile industry calls new ATUFS anti-small sector and confusing
The Union government's decision to make amendments in a major scheme related to subsidies forwarded on textile machinery, according to Ludhiana’s textile industry bodies, the move is one that
2016-01-02 11:00:00
Pakistan, Sri Lanka likely to ink two MoUs for deepening trade and investment
Pakistan Prime Minister Nawaz Sharif along with a delegation will be visiting Sri Lanka next week where the two countries, Pakistan and Sri Lanka are expected to ink two MoUs for deepening trade
2016-01-01 12:00:00
Textiles Ministry urges to review the proposed effluent norms
The Textiles Ministry has urged the Ministry of Environment and Forests to review its proposal to mandate virtually to textile units to reduce their effluent discharge to zero, as most of the
2015-12-31 06:37:07
Acrylonitrile prices surge amid tight supply in Asia
Asian acrylonitrile marker the CFR Far East Asia further surged US$20 a ton in the third week of December. In China, offers for offshore cargoes were at unchanged at US$1,150-1,200 a ton.
2015-12-30 06:50:37
Paraxylene price slips across all regions
Asian paraxylene prices fell US$21 a ton CFR Taiwan/China and FOB Korea in the last week of April. Isomer-grade mixed xylene prices dropped US$6.50 a ton FOB Korea on the week. Paraxylene prices
2015-12-29 14:48:00
Indian textile company to pay a penalty of $100000 for using pirated software
Pratibha Syntex Ltd, an Indian textile company, has agreed to pay a penalty of US$100,000 (or Rs 66 lakhs) to settle charges of using pirated software that gave it competitive advantages over
2015-12-29 14:00:00
AP Govt approves Rs70cr to setup mega cluster for handloom development
The textiles and handlooms minister Kollu Ravindra at the inauguration of the National Handlooms Expo along with irrigation minister Devineni Umamaheswara Rao on Sunday assured that government will
2015-12-28 14:00:00
Egypt impose export fee on scrap fabrics to support domestic textile industry
Egypt has witnessed growth in the export of waste fabrics over the past three years, from 43 tons in 2013 to 294 tons in 2015, according to the Trade and Industry Minister Tareq Qabil. Trade and
2015-12-27 16:00:00
Saudi winter expo for textiles light industries opens
The 6th Winter International Trade Exhibition for Textiles and Light Industries which has become a major annual meeting for all commercial sectors in the Middle East-Gulf region opens on Sunday
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