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Textile stalwarts meet textile minister to discuss industry ailments
On 20 March 2015, the textile industry stalwarts O P Lohia, Chairman and Managing Director of Indo Rama Synthetics (India) Ltd. and Madhu Sudhan Bhageria – Vice Chairman & Managing Director of
Hey Tekstil contracts eight factories for production of textile and ready wear clothing for global brands
Hey Tekstil’s factory in the southeastern Anatolian city of Batman well known for its quality among the company’s European customers has contracts in eight factories located in
Government to enhance competitiveness of textile exports
India’s textiles exports competitiveness is on downward trend even countries like Sri Lanka and Turkey are more competitive in the sector. The Commerce Ministry is considering bringing out its
Polyester pricing moderates across the value chain
In the week ended 20 March, prices of polyester chain moderated a bit after generally rising earlier on cost support. While crude oil prices were up as US$ weakened on US interest hike uncertainty,
Swedish retailers in partnership with Indian textile to go for cleaner production
Swedish retail brands Indiska, KappAhl and Lindex in partnership with more than 40 Indian textile and garment suppliers have decided to reduce the environmental impact and improved capacity of supply
Indian textile exports likely to fail in achieving official target $45-bn this fiscal
India‘s overall textile and garment exports, which also include those of jute, coir and handicrafts, likely to increase by 4-5 percent reaching $41 billion this fiscal compared with $39.3
TN textile mills start using shipping route for transporting cotton
Textile mills in the State of Tamil Nadu to reduce the cost of transportation for importing cotton from Gujarat have started to use the shipping route, instead of road. The volume this year increased
Pakistan govt propose imposition of standard ST on cotton in 2015-16 budget
The government of Pakistan in the upcoming budget 2015-16 has proposed imposition of standard sales tax on cotton with a view to generating about Rs 50 billion revenue. Currently, sales tax
Gandhi Shilp Bazar 2015 begins at Imphal
Gandhi Shilp Bazar 2015, a handicraft exhibition cum sale organized by the the Manipur Apex Handloom Weavers and Handicrafts Artisans' CS Ltd under the sponsorship of Office of Development
Textile firms setup over denial of third party exports benefits under EPCG
Textile entrepreneurs are setup over the denial of permission for ‘third party exports’ for satisfying the export obligations under Export Promotion Capital Goods (EPCG) Scheme in
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