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Thursday, 7 December 2017

Mid-term review of FTP 2015-20 is progressive: TEXPROCIL

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TheCottonTextiles Export Promotion Council (TEXPROCIL) has termed the mid-term review of ForeignTradePolicy (FTP) 2015-20 as progressive and growth oriented. The revised FTP has increased MEIS rates across the board by 2 per cent for labour intensive sectors. Earlier the MEIS rates for garments ..

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Thursday, 7 December 2017

Splash launches Sustainable Garments with N9 Pure Silver

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Courtesy: Resil Chemicals Splash Fashions, a global leader for fast-fashion retail will launch anti-bacterial garments, marketed under the brand N9 Pure Silver, a revolutionary silver based anti-bacterial technology by ResilChemicals. Splash Fashions will inject the technology that fights od..

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Thursday, 7 December 2017

RBI keeps policy repo rate unchanged at 6%

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RBi governor Urjit Patel addressing a press conference post release of bi-monthly statement; Courtesy: Youtube In its fifth bi-monthly monetary policy statement, 2017-18, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has kept the policy repo rate under the liquidity ..

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Thursday, 7 December 2017

Sops worth Rs 8000 cr in mid-term review of India's FTP

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Incentives worth Rs 8,000 crore, focus on micro, small and medium enterprises (MSMEs), labour-intensive segments and the agriculture sector, and a self-certification scheme for duty-free imports are some of the highlights of the mid-term review document of India’s foreign trade policy (FTP..

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Thursday, 7 December 2017

Colorjet to show digital printer Vastrajet at ITMACH

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Courtesy: Colorjet India ColorJet India Ltd, India’s leading manufacturer and marketer of wide format inkjet digitaltextileprinters, will give live demonstration of Vastrajet, its best-selling printer, at ITMACH 2017. This will give visitors an opportunity to take a close look at digit..

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Monday, 4 December 2017

Kashmir seeks Rs 50 cr under PMDP from textiles ministry

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Jammu and Kashmir state has sought Rs 50 crore under Prime Minister’s Development Package (PMDP) from the Indian textiles ministry. In a meeting last week with textiles minister Smriti Irani in New Delhi, state minister for industries and commerce Chander P Ganga briefed her about the proj..

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Monday, 4 December 2017

India may move to 2-tier GST, 28% on luxury goods: Jaitley

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The 12 and 18 per cent rates under the goods and services tax (GST) may be merged once revenue collections pick up and the top 28 per cent slab would be for a “very thin" list of luxury and sin goods, Indian finance minister Arun Jaitley hinted recently. That would result in two rates..

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Monday, 4 December 2017

NSDC with Arvind Limited to train 20,000 youth

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PMKVY induction kits being distributed to the candidates. Committed to empower youth by providing opportunities for skill development, the National Skill Development Corporation (NSDC) with Arvind Limited, will train 20,000 youth till 2020 under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY..

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Monday, 4 December 2017

Amazon India boosts women entrepreneurs with 'Saheli'

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In an attempt to boost women empowerment in India, Amazon India has launched 'Saheli'. In association with non-government organisations including Self-Employed Women Association (SEWA) and Impulse Social Enterprise, Amazon Saheli will provide equal opportunities for women to hone their e..

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Tuesday, 28 November 2017

NSDC trains 1,000 textile workers in Tamil Nadu

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(L-R) Prakash Vasudevan, Sitra; Srihari Balakrishnan, ITF; Prabhu Dhamodharan,ITF; Archana Singh, NSDC; Raja ShanmugaM, TEA; Sudharani, Textile Commissioner Office; Elango, ITF; Ganeshbabu, ITF Skill The National Skill Development Council (NSDC) has trained 1,000 workers from across various ..

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Tuesday, 28 November 2017

Indian textile sector's cautious optimism on govt decision

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The Indiantextileindustry has expressed cautious optimism on the government decision to raise the incentive under the Merchandise Exports from India Scheme (MEIS) for readymade garments and made-ups and notify post-goods and services tax (GST) rates on their exports under the scheme for remissio..

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Tuesday, 28 November 2017

Indian FM supports ease of GST procedure in Surat meeting

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Indian finance minister Arun Jaitley is satisfied with the wholehearted support extended by Surat’s industry community, particularlytextiletraders, to the goods and services tax (GST) initiative. After meeting textile traders there on November 26, he said some genuine industry grievances a..

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Tuesday, 28 November 2017

Gujarat, TN powerlooms take maximum benefit of schemes

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Dr Kavita Gupta inaugurating Buyer Seller Meet (B2B) and Powerloom Textile Exhibition The powerloom entrepreneurs of Gujarat and Tamil Nadu have taken the maximum advantage of the promotional schemes, saidtextilecommissioner Dr Kavita Gupta adding that there is very low awareness about the g..

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Tuesday, 28 November 2017

Indian govt notifies post-GST rates under RoSL

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In order to support exports of readymade garments and madeups, the Indian government has notified post-GST rates under the scheme for Remission of State Levies (RoSL) on exports of readymade garments, madeups and under AA-RoSL for garments. This announcement follows the decision to double the in..

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Tuesday, 28 November 2017

Indian govt doubles MEIS incentive for garments, madeups

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Amid a sharp fall in exports, especially in October 2017, the Indian government has increased the incentive under the Merchandise Exports from India Scheme (MEIS) for readymade garments and madeups. The incentive has been increased from two per cent to four percent of value of exports made durin..

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Tuesday, 28 November 2017

IKEA India opens first 'Hej HOME' in Hyderabad

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Swedish home furnishing major IKEA recently launched its first experiential centre 'IKEA Hej HOME'in Hyderabad ahead of opening its first store there in spring 2018. For six months, the centre will familiarise customers with IKEA home furnishing solutions and acquaint them with the IKEA ..

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Friday, 24 November 2017

Vietnamese footwear exporters need to prepare for EV-FTA

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Vietnamese leather and footwear exporters must comply with the European Union (EU)-Vietnam freetradeagreement’s (EV-FTA) rules of origin and be prepared to deal with EU barriers and anti-dumping measures when it takes effect in 2019, exporters were told at a recent seminar in Ho Chi Minh C..

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Friday, 24 November 2017

Chinese e-commerce firm JD.com invests $44 mn in Tiki.vn

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Chinese e-commerce firmJD.comhas invested $44 million in Tiki.vn, a Vietnamese e-commerce company founded in 2010, to serve the latter’s expansion plans, which includes training human resources, optimising transport to and from its warehouses and to conduct a study on promoting the Tikinow..

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Friday, 24 November 2017

Successful cotton year 2016-17 for ITF Cotton Team

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L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD, Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills at an ITF meeting. Demonstrating collaborative growth in Tamil Nadu’stextilesector, the Coimbatore based ..

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Friday, 24 November 2017

NIFT to train 10000 Madhya Pradesh youth in textile sector

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India’s Madhya Pradesh State Skill Development Mission recently signed an agreement offering exclusive rights to the National Institute of Fashion Technology (NIFT) in Bhopal to train people in thetextilesector under the Mukhya Mantri Kaushalya Yojana. Candidates will receive the month-lon..

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Thursday, 23 November 2017

Guess Q3 2018 revenue up 3%

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The net revenue of American clothing brand and retailer Guess for the third quarter of 2018 increased 3.3 per cent to$554.1 million, compared to$536.3 millionin the prior-year quarter. In constant currency, net revenue increased by 0.6 per cent.Total net revenue for the first nine months of fisc..

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Thursday, 23 November 2017

Japanese stores witness dip in apparel sales in October

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Sales of apparel, both in department stores and in retail chain stores, across Japan decreased in the month of October 2017. The typhoons that hit thecountryfor a fortnight during the month was the main

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Thursday, 23 November 2017

Sri Lanka to set up 150 mini apparel units

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A mini apparel factory was opened recently at Sri Lanka’s Menik Farm village, a refugee camp earlier, as part of a new $1.8-million national apparel initiative at village levels that aims at setting up 150 such factories across thecountryin support of the government’s employment init..

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Thursday, 23 November 2017

GOTS conference on social compliance agrees on 3 points

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GOTS pre-conference to the 19thOrganic World Congress of International Federation of Organic Agriculture Movements, is the first of its kind to focus on social compliance issues in organictextilesupply chain. The conference discussed social impacts of organic textile processing globally and in I..

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Tuesday, 21 November 2017

UKFT turns sector skills body for UK fashion, textile sector

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The UK Fashion &TextileAssociation (UKFT) recently announced at a reception at the Houses of Parliament that it has become the sector skills body for the fashion and textiles sector after taking over the management of current apprenticeship frameworks with the responsibility of registration ..

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Tuesday, 21 November 2017

Egypt's textile exports increase 3% in 10 months: TEC

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Exports by Egypt’sTextileExport Council (TEC) between January and October stood at $673 million, a 3 per cent rise over $651 million in the same period in 2016. Turkey topped the nations importing Egyptian textile with a share of $230.27 million of the exports, followed by Italy ($132.98 m..

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Tuesday, 21 November 2017

East India can draw Rs 30,000 cr in petrochem by 2030

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East India has the potential to attract Rs 30,000 crore investments in the petrochemicals sector by 2030 generating nearly 2.2 million jobs, according to a white paper titled 'Petrochemical: The Sunrise Industry of the East' prepared by consulting firm Deloitte. The paper was released in..

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Tuesday, 21 November 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

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In its first estimate of thecottoncrop for the 2017-18 season beginning from October 1, 2017, the Cotton Association of India (CAI) has projected 375 lakh bales of 170 kg each. The CAI has retained its estimate for the previous crop year ended September 30, 2017, at 337.25 lakh bales. So, curren..

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Monday, 20 November 2017

Angolan factory sends 2nd cotton yarn shipment to Portugal

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Angolantextilefactory Alassola will send a second shipment ofcottonyarn weighing 100 tonnes from the port of Lobito to Portugal, to be used by some top Portuguese textile firms, according to company chairman Tambwe Mukaz. The first such shipment of 156 tonnes to Portugal was dispatched in Octobe..

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Monday, 20 November 2017

NTGM opens garment export facility in Yangon

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Nordic Technology Group Myanmar Ltd. (NGTM) recently initiated operations at a new container freight station in Dagon Seikkan in Yangon that packs garments and footwear for export to Europe and the United States, according to the logistics and warehousing company. NTGM plans new such sites in Ma..

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Monday, 20 November 2017

NRF welcomes US Senate committee approval on tax reform

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The National Retail Federation (NRF) has welcomed the approval of tax reform legislation by the US Senate finance committee and urged the Senate to approve the bill. As tax reform is the key to increased prosperity that all businesses and middle-class workers desire, senators should set aside th..

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Monday, 20 November 2017

Promoters of Donear Group acquire OCM Woolen Mills

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The promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woolen Mills. The acquisition of OCM, which manufactures a premium range of high-quality all-wool and wool-blended worsted suiting fabrics, will enable the Donear Group to expand its range of products to the Indian ..

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Monday, 20 November 2017

IOCL to set up plastics, textile parks in Odisha

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The Indian Oil Corporation Ltd (IOCL) recently signed two agreements at thePetrochemicalInvestors Conclave in Bhubaneswar. The first was with the Industrial Development Corporation of Odisha (IDCO) to set up a plastic manufacturing park in Paradip and the second with purified terephthalic acid m..

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Saturday, 18 November 2017

ASEAN, Hong Kong sign free trade agreement

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The Association of Southeast Asian Nations (ASEAN) and Hong Kong recently signed the ASEAN-Hong Kong-China FreeTradeAgreement (AHKFTA) and the ASEAN-Hong Kong Investment Agreement (AHKIA) at the 31st ASEAN-Hong Kong summit in Manila to strengthen economic cooperation and stimulate development in..

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Friday, 17 November 2017

Pakistani apparel sector hit by sharp hike in yarn rates

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The 20 per cent rise incottonyarn prices due to cartelization by local manufacturers, who are holding stock to create artificial shortage, has hit the export-oriented Pakistani apparel sector hard, says the Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA), which has ur..

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Friday, 17 November 2017

Vlisco discusses investment plans with Nigerian minister

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Dutchtextilecompany Vlisco Group recently discussed with Nigerian finance minister Kemi Adeosun its proposed investment in thecountry’scottontextile industry. The investment would boost growth and jobs in Nigeria across the entire value-chain from cotton to fashion, according to company CE..

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Friday, 17 November 2017

India's retail market to be $1.1 trillion by 2020: Study

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The retail market in India is projected to reach $1.1 trillion by 2020 from the current level of $680 billion, according to a joint study byMRSSIndia.comand the Associated Chambers of Commerce and Industry of India (ASSOCHAM), which foresees the fast moving consumer goods (FMCG) market reaching ..

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Friday, 17 November 2017

Q2 FY17 Bata India net profit grows 24% to Rs 42.9 crore

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For the second quarter of 2017, net profit of European footwear giant and India’s most preferred footwear brand, Bata, was recorded at Rs 42.9 crore, up 24 per cent in continuation to 20 per cent growth in the quarter that ended on June 30, 2017. The rise was a result of continued focus on..

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Wednesday, 15 November 2017

India's apparel exports fall 40% in October 2017

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There is a huge drop in India’s apparel exports, which fell by 40.75 per cent in October 2017 to Rs 5,398.08 crore compared to exports of Rs 9,110.75 crore in same month of the previous year. This includes garments of all textiles, according to the quick estimates of India’s foreignt..

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Wednesday, 15 November 2017

GST in India led to 'temporary slowdown': ASSOCHAM-EY study

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The Indian industry witnessed a temporary slowdown following implementation of the goods and services tax (GST) in July this year despite government efforts to mitigate the problems and improve business conduciveness, according to a recent joint study by the Associated Chambers of Commerce and I..

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Wednesday, 15 November 2017

IOCL conclave to highlight investment opportunities

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To highlight the emerging investment opportunities in the petrochemicals sector in eastern India, Indian Oil Corporation Limited (IOCL) is going to organise a conclave in Bhubaneswar on November 16. The conclave also aims to catalyse investment in downstream textile parks and textile parks propo..

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Wednesday, 15 November 2017

Grasim's net revenue up 63% in Q2 FY18

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Grasim, a part of Aditya Birla Group, has posted consolidated net revenue of Rs 13,646 crore for the quarter ended September 30, 2017. This is an increase of 63 per cent over Rs 8,386 crore revenue in second quarter of previous fiscal, which did not include the erstwhile Aditya Birla Nuvo Limite..

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Wednesday, 15 November 2017

WPI inflation for textiles declines 0.2% in Oct 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.59 per cent for the month of October 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group declined by 0.2 per cent to 113.2, while the index for ‘Manuf..

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Tuesday, 14 November 2017

Stahl & Igualada Leather Cluster work for sustainability

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Stahl, a leading firm in processchemicalsfor leather products, performance coatings, and polymers, joined hands with Igualada Leather Cluster Barcelona for water management. About 100 people joined the event in Barcelona which gave presentations providing practical insights in optimising water u..

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Tuesday, 14 November 2017

New spinning mill to come up in Turkmenistan

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A newcottonspinning mill is set to come up in Saparmyrat Turkmenbasy district, located in Trukmenistan’s Dashoguz region, one of the four inner-most regions of thecountrywhere cotton is mainly grown. When operational, the mill will have capacity to produce 6,000 tons of cotton yarn annuall..

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Tuesday, 14 November 2017

Decision to reduce burden of tax compliance welcome: CITI

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The Confederation of IndianTextileIndustry (CITI) has welcomed the recent decision of the GST Council to reduce the burden of tax compliance on manufacturing and service sectors. CITI chairman Sanjay K Jain applauded finance minister Arun Jaitley and the GST Council for bringing in number of ref..

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Monday, 13 November 2017

India's textile market likely to touch $250 bn in 2 years

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India’stextilesector accounts for 10 per cent of thecountry’s manufacturing production, 5 per cent of its GDP, and 13 per cent of its export earnings, said a study released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The size of the textile market is expe..

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Monday, 13 November 2017

GST rates cut on some goods; changes in Composition Scheme

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The GST Council chaired by Indian finance minister Arun Jaitley, at its 23rdmeeting, has recommended major relief in GST rates on certain goods and services, spread across many sectors and across commodities. The Council has also recommended changes in the Composition Scheme, including a uniform..

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Monday, 13 November 2017

GST return filing process further simplified

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Indian finance minister Arun Jaitley (centre) addressing a press conference after the 23rd GST Council meeting in Guwahati. Courtesy: PIB The GST Council, in its 23rdmeeting held at Guwahati on November 10, 2017, has recommended further simplification of the return filing process. Taxpay..

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Saturday, 11 November 2017

Over 500 to exhibit at Shanghai Hosiery Purchasing Expo

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Courtesy: CHPE More than 500 exhibitors will participate in the 13thShanghai International Hosiery Purchasing Expo (CHPE) 2018. Exhibitors from various countries including Turkey, Pakistan, Korea and Japan will bring in various hosiery brands to the expo and present latest global fashion of ..

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Saturday, 11 November 2017

Indorama Ventures Q3 FY17 net profit rises 68%

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Courtesy: Indorama Ventures The net profit of Indorama Ventures Public Company Limited (IVL), a global chemical producer, for the third quarter of 2017, rose 68 per cent to $137 million. The growth was mainly by higher operating rate, higher volume from its EOEG facility post turnaround in Q..

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Friday, 10 November 2017

Indorama Ventures to acquire Artlant PTA in Portugal

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Courtesy: Artlant PTA Continuing to build on its successfulfeedstockintegration strategy, Thailand headquarterd Indorama Ventures Public Company Limited (IVL), will acquire the assets of Artlant PTA, S.A (Artlant), including all equipment, surface rights and employment contracts. IVL will al..

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Friday, 10 November 2017

Brazilian textile firms to assess raw materials in Egypt

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Backed by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in Sao Paulo, three Brazilian companies —textilemaker Fiama, yarn maker Círculo and elastic band manufacturer Damenny — have been invited by the Egyptian Government to the November 11-12 textile indust..

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Friday, 10 November 2017

FESPA Asia returns to Bangkok in February 2018

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Courtesy: FESPA Asia Aiming to build on the success of the 2017 event, FESPA Asia is returning to Thailand’s capital Bangkok from February 22-24 next year. More than 100 companies, including M&R, Siser, d.gen, Multicam, JK Group, Caldera, Fimor, Sensient and Hexis, will exhibit at ..

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Thursday, 9 November 2017

Tiruppur trains people in manufacturing jute products

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Tamil Nadu’s garment production hub Tiruppur has now turned to jute products fromcotton. Using a 49-day training offered by the National Jute Board (NJB) in collaboration with National Institute of Fashion Technology-Tirupur Exporters Association (NIFT-TEA) College of Knitwear Fashion, the..

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Thursday, 9 November 2017

Birla Cellulose tops global sustainability list: Report

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Birla Cellulose of the Aditya Birla Group has been ranked first for its commitment to sustainable forestry management, at an international level, according to a latestreport. A recent audit at the company has confirmed that the risk of sourcing wood from ancient and endangered forests or any suc..

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Thursday, 9 November 2017

Arvind Q2 FY18 revenue soars 13% to Rs 2,628 crore

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Courtesy: Arvind Arvind Limited, one of the largest integratedtextileand branded apparel players, has recorded consolidated revenue of Rs 2,628 crore for the second quarter of 2018. The company has registered growth of 13 per cent over the corresponding quarter of previous year despite a cha..

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Wednesday, 8 November 2017

Chinese textile giant to open cotton yarn unit in Arkansas

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The Shandong Ruyi Technology Group (Ruyi) of China recently announced plans to open its first North American factory in Forrest City, Arkansas. The new unit will create 800 jobs, and Ruyi will invest $410 million to renovate a former Sanyo manufacturing centre in the city. It plans to spin more ..

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Wednesday, 8 November 2017

Clerici Tessuto to show EVO yarn-made textiles at PV expo

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Clerici Tessuto, a leadingtextilemanufacturer working for the luxury sector, is set to present its first eco-sustainable textile collection featuring beautiful organic silk andwoolfabrics, made with Italian firm Fulgar’s EVO yarn at the Premiere Vision Paris expo. The global event for fash..

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Tuesday, 7 November 2017

VF Corporation to acquire Icebreaker Holdings

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VF Corporation, a leader in branded lifestyle apparel, footwear and accessories, and Auckland-based Icebreaker Holdings have signed a definitive purchase agreement. The transaction is likely to be completed early in 2018 leading to acquisition of Icebreaker by VF. On a trailing 12-month basis, I..

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Tuesday, 7 November 2017

NRF Urges US Congress to extend support to tax bill

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The National Retail Federation, the world’s largest retailtradeassociation, representing departmental and specialty stores, main street merchants, grocers, wholesalers, chain restaurants and internet retailers from the United States and more than 45 countries, has welcomed the tax reform l..

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Tuesday, 7 November 2017

Chinese consumers prefer online shopping: report

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E-commerce has been identified as the preferred shopping channel for Chinese consumers, according to a recentreport. Mobile e-commerce is driving the growth of online shopping, as customers can easily access shopping platforms anywhere and at any time. Further, it is seen that the Chinese consum..

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Tuesday, 7 November 2017

Birla Cellulose to open design studio in New York

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LAPF Studio in Noida; Courtesy: Birla Cellulose Indian firm Birla Cellulose will open a design studio in New York’s garment district this month to network with global fashion brands and plans to open studios in other cities like London and Hong Kong, according to the company’s pr..

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Tuesday, 7 November 2017

TEA, SIMA hail efforts for Coimbatore airport expansion

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The Tiruppur Exporters’ Association (TEA) and the Southern India Mills’ Association (SIMA) have thanked the Tamil Nadu government and the Airports Authority of India (AAI) for initiating steps for expansion of the Coimbatore airport. The expansion with international flight connectivi..

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Monday, 6 November 2017

Q3 FY17 VF Corp revenue climbs 5% to $3.5 billion

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Courtesy: VF Corporation For the third quarter of fiscal 2017, revenue of VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has been recorded at $3.5 billion, up 5 per cent. This increase was driven by broad-based strength across VF’s international..

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Monday, 6 November 2017

Bangladesh's BJMC plans jute industrial villages

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The Bangladesh jute and textiles ministry recently gave the go-ahead to the Bangladesh Jute Mills Corporation (BJMC) to develop jute industrial villages on its unused lands for the diversification of products made from the natural fibre. The corporation runs 25 state-run mills. The ministry&rsqu..

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Monday, 6 November 2017

Ascend to step up production capacity for intermediates

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Courtesy: Ascend Performance Materials Ascend Performance Materials, the largest fully integrated producer ofnylon6,6 resin, plans to step up production capacity across its intermediatechemicalsand polymers portfolio by 10 to 15 per cent to support the continued growth of its customers. It w..

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Saturday, 4 November 2017

Baring Private Equity Partners exits Vardhman Textiles

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Courtesy: Vardhman Barring Private Equity Partners India has exited its portfolio company Vardhman Textiles at a time when private equity participation has continued to touch new highs in India. The domestic private equity firm had exited listed non-banking financial company Muthoot Finance,..

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Saturday, 4 November 2017

Indian textiles minister unveils handloom brand 'Navibhu'

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The Union textiles minister Smriti Irani launches handloom brand 'Navibhu' with a view to tap the niche but expanding customer interest in the Indian handloom industry. Navibhu is the handloom brand of Myntra, India'sleading platform for fashion and lifestyle. The initiative will boo..

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Friday, 3 November 2017

US fashion industry to talk about trade policy

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Executives working in compliance, logistics, sourcing, supply chain management, government relations, and social responsibility will discusstradeand transportation policy at the 29th Apparel Importers Trade & Transportation Conference in New York City on November 15, 2017. The event marks th..

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Friday, 3 November 2017

GST slows India's manufacturing growth in October

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The rollout of goods and services tax (GST) has affected the Indian manufacturing sector badly, according to areport. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) reading stood at 50.3 in October, down from 51.2 in September. The reduction indicated a broad stagnation in..

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Thursday, 2 November 2017

Myanmar's largest garment firm opens new factory

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Myanmar SUMEC Win Win Garments Co. Ltd, Myanmar’s largest garments exporter and a subsidiary of SUMECTextileand Light Industry Co. in China, recently opened a new factory in Shwe Pyi Thar industrial zone in Yangon. More Chinese firms are now investing in Myanmar with its economy opening up..

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Thursday, 2 November 2017

India to raise silk production in North East to beat China

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The Indian Government has invested Rs 690 crore in projects in 24 districts under the North East RegionTextilePromotion Scheme (NERTPS) to counter China’s growing silk production, Central Silk Board (CSB) chairman KM Hanumantharayappa has said. Six such projects are in Assam, one in Sikkim..

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Wednesday, 1 November 2017

Khadi turns tool for transformation: Indian PM

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Khadi has turned a transformation tool with the sale of khadi items recording a 90 per cent rise during this Diwali festive season, Prime Minister Narendra Modi said recently on his monthly ‘Mann ki Baat’ address to citizens on state-run All India Radio. Khadi is emerging as a powerf..

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Wednesday, 1 November 2017

Maharashtra wants pest-resistant Bt cotton de-notified

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The Maharashtra state government has requested the Indian Government to de-notify the Btcottonseed strain Bollgard II (BG II) as it has lost its efficacy against the pink bollworm pest. The request follows pesticide-related deaths of farm workers in Vidarbha. This is the second such letter the s..

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Wednesday, 1 November 2017

Govt extends deadline to file GSTR-2, GSTR-3 by a month

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The government of India has announced the extension of the last date of filing of goods and services tax returns (GSTR)-2 for July, 2017 to 30 November, 2017 and GSTR-3 for the month of July, 2017 to 11 December, 2017. Recently, the government also declared the extension of filing GSTR-1 form to..

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Tuesday, 31 October 2017

Egypt plans to make Minia governorate textile hub

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Dr Sahar Nasr with members of the Egyptian Textile Industries Council; Courtesy: MIIC The Egyptian ministry of investment and international cooperation (MIIC) recently held a meeting with members of the EgyptianTextileIndustries Council (ETIC) to discuss the private sector’s possible p..

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Tuesday, 31 October 2017

Invista to sell advanced textile business to Shandong Ruy

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Courtesy: Invista Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding to sell its apparel and advanced textiles (A&AT) business, one of Invista’s four major business units. Completion of the agreement, which includes Lycra brand, is subject to cust..

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Monday, 30 October 2017

Indian govt raises duty by 10% on polyester fabric imports

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The Government of India has increased basic customs duty on polyester fabric from 10 per cent to 20 per cent with effect from October 27, 2017. After implementation of the GST, there was a significant drop in the import duty that threatened the survival of the domestic manufacturing industry due..

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Monday, 30 October 2017

Govt extends deadline to claim GST TRAN-1 credit to Nov 30

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The government has announced its decision to extend the time limit to claim the credit of the transitional stock in the GST regime to November 30, stated a notification from Central Board of Excise and Customs. Previously, at the 21stmeeting of the GST Council, the deadline for filing the TRAN-1..

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Monday, 30 October 2017

Sutlej Textiles' total income up 12.75% in H1 FY18

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Courtesy: Sutlej Textiles Sutlej Textiles and Industries Limited, a leading manufacturer and exporter of value added dyed yarns with presence in home textiles, has reported total income of Rs 1,272.75 crore in the first six months of current financial year. This is an increase of 12.75 per c..

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Friday, 27 October 2017

Reverse Resources points out at market for leftovers

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A study carried out by Reverse Resources has pointed out that garment manufacturers producing textiles and clothes for many of the world’s major fashion brands spill an average of 25 per cent of resources through fabric and garment production. In some cases, the volume was as high as 47 pe..

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Friday, 27 October 2017

Hebei becomes 10th ICA-Bremen certified laboratory

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TheCottonTesting Laboratory at the Technical Center of Hebei Entry-Exit Inspection & Quarantine Bureau (Hebei) is the latest laboratory to be certified under the ICA Bremen ‘International Laboratory Certification Scheme’. Hebei has become the tenth organisation to be certified as..

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Thursday, 26 October 2017

Birla Century bags LEED & MIG certifications

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Courtesy: Birla Century Birla Century, a unit of Century Textiles & Industries Ltd., has become the first manufacturing plant in India to bag LEED & MIG certifications for sustainabletextileproduction. Keeping in view clean manufacturing and sustainable drive among world leaders of t..

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Thursday, 26 October 2017

Textiles & Power ministries join hands for SAATHI

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The ministries of textiles and power have joined hands for SAATHI (Sustainable & Accelerated Adoption of efficientTextiletechnologies to Help small Industries). Under the initiative, Energy Efficiency Services Ltd (EESL) will procure energy efficient powerlooms, motors and rapier kits and gi..

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Wednesday, 25 October 2017

FM Arun Jaitley's press conference: Highlights

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Courtesy: Youtube India has remained one of the fastest growing economies in the world for the past few years, and there are strong macroeconomic fundamentals, Union finance minister Arun Jaitley said at a press conference today. India’s foreign reserves have crossed $400 billion in 20..

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Wednesday, 25 October 2017

Orange O Tec sells over 100 MS DTP machines in India

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MS JP7 digital textile printer; Courtesy: Orange O Tec Surat based Orange O Tec Pvt Ltd has already sold more than 100 digitaltextileprinting (DTP) machines of MS Printing Solutions Srl (MS), Italy, in the Indian textile market. Orange O Tec is the sole distributor of MS Italy, a global lead..

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Tuesday, 24 October 2017

DuPont highlights new additions to digital ink at SGIA

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Courtesy: Dupont DuPont Advanced Printing, a business unit of DowDuPont Specialty Products Division, highlighted new additions to its innovative digital ink offerings at the recently concluded SGIA show in New Orleans,Louisiana.The company showcased its newly launched DuPont Artistri Xite S2..

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Tuesday, 24 October 2017

Total pesticide use in cotton has fallen since 1980s

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Courtesy: Pesticide Action Network UK Total pesticide use incottonhas fallen since the 1980s, suggest findings of Pesticide Action Network UK (PAN UK). In particular, insecticide use has declined, as has herbicide, although neither are as significant as some have claimed, and both are on..

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Monday, 23 October 2017

Shima Seiki to host private expo in Romania

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SDS One Apex 3 real time 3D view; Courtesy: Shima Seiki Shima Seiki Italia S.p.A, an Italian subsidiary of leading Japanese computerised knittingmachinemanufacturer, in conjunction with its Romanian sales agent, KNIT-TEX ROM, is set to hold a private expo in Arad, Romania, from October 25 to..

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Monday, 23 October 2017

Pakistan govt notifies 50% duty drawback on exports

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The Pakistan government has notified the ‘Duty Drawback of Taxes Order 2017-18’, effective immediately. The announcement is in pursuance of the Prime Minister’s Package of Incentives for Exporters approved by Economic Coordination Committee (ECC) of the Cabinet to provide duty ..

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Saturday, 21 October 2017

LCF selects Lectra's fashion pattern-making solutions

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Lectra, a leader in integrated technology solutions (software, automated cutting equipment, and associated services) designed for industries using fabrics, leather, technical textiles, and composite materials, has announced that the London College of Fashion (LCF), University of the Arts London,..

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Saturday, 21 October 2017

Indian Home Furnishing Exporters Have a Lukewarm First Half of ‘17

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The first half of 2017 has gone by and Indian home furnishing industry is giving mixed response about the business so far. To bring out the real picture, Apparel Online met several exporters across the country. As usual, few exporters expressed happiness about their business in 2017 while for so..

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Friday, 20 October 2017

Sutlej Textiles adds American Silk Mills to its portfolio

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Courtesy: American Silk Mills Sutlej Textiles and Industries Ltd (STIL) has announced the acquisition of design, sales and distribution business and brand of American Silk Mills (ASM) LLC based at Plains, Pennsylvania. The acquisition of American boutique designer and distributor of resident..

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Tuesday, 17 October 2017

WPI inflation for textiles rises 0.6% in Sept 2017

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India’s annual rate of inflation, based on monthly wholesale price index (WPI), declined to 2.60 per cent for the month of September 2017 over same month of last year. The index for ‘Manufacturing of Textiles’ group rose by 0.6 per cent to 113.4, while the index for ‘Manu..

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Tuesday, 17 October 2017

India's garment exports up 24.93% in September 2017

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The exports of readymade garments from India in September 2017 was recorded at Rs 10,707 crore, up 24.93 per cent over exports of Rs 8,570 crore in the same month of previous year, according to thetradedata compiled by Indian Texpreneurs Federation (ITF). The rise in exports is a boost to the do..

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Tuesday, 17 October 2017

NITRA to intensify R&D for textile & clothing industry

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NITRA chairman Sanjay Kumar Jain speaking at the convocation; Courtesy: NITRA To provide better support service to thetextileand clothing industry, Ghaziabad based Northern India Textile Research Association (NITRA) will intensify its core activity of research and development. This was state..

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Monday, 16 October 2017

Indian minister urges exporters for upliftment of artisans

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Courtesy: PIB Union textiles minister Smriti Irani has urged thetextileexporters to contribute towards artisans' welfare and development. The design and product development in the textiles industry has a crucial role in value realisation which helps in the growth of the artisans and prod..

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Saturday, 14 October 2017

Textile industry expects growth with GST rate revision

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The Indiantextileindustry is hopeful of growth with revision in the GST rate announced at the 22ndmeeting of the GST Council. The change in GST rate will strengthen the entire textile value chain and make textile industry globally more competitive while boosting electronic payment of taxes, acco..

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Saturday, 14 October 2017

Maharashtra to start online cotton registration soon

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Maharashtra cooperation, marketing and textiles minister Subhash Deshmukh has directed the Agriculture Produce Market Committees to commence online registration of farmers for the purchase ofcottonfrom October 18 for the 2017-18 season. Cotton prices, however, are yet to reach minimum support pr..

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Friday, 13 October 2017

GST Council raises threshold for composition to Rs 1cr

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Indian finance minister Arun Jaitley (left) chairing the 22nd GST Council meeting. MoS for finance Shiv Pratap Shukla is also seen. Courtesy: PIB The Goods and Services Tax (GST) Council met today in New Delhi and took stock of the implementation of GST in the three months since it has been ..

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Friday, 13 October 2017

RIL forays into co-branded apparel; launches R|Elan

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Courtesy: Reliance Industries Limited Reliance Industries Ltd (RIL) has forayed into co-branded apparel business with the launch of R|Elan high-performance fabrics brand in Bengaluru today. RIL has created R|Elan following extensive R&D, and using its expertise in fibre re-engineering. T..

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Friday, 13 October 2017

India's MMF sector can soon expect 'good news': minister

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Indian textiles minister Smriti Irani during a discussion at the India Economic Summit. Courtesy: World Economic Forum India’s man-made fibre (MMF) sector can soon look forward to ‘good news’ as a inter-ministerial group (IMG) has been formed to suggest measures to maximise..

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Friday, 6 October 2017

Raymond launches 'Khadi Wool' with Woolmark

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(L-R) Arti Gudal, Woolmark; Raymond CMD Gautam Singhania; Raymond CEO Sanjay Behl;Courtesy: Raymond Raymond in association with The Woolmark Company has launched 'KhadiWool'. The first of its kind collection is the exquisite range of pure wool and wool blended fabric from Raymond, of..

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Friday, 6 October 2017

GST to increase working capital needs of manufacturers

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Courtesy: India Ratings & Research The Goods and Services Tax (GST) would result in higher working capital requirements for most of the companies in the manufacturing sector, includingtextileproduction, according to India Ratings and Research (Ind-Ra). The increase in capital requirement..

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Thursday, 5 October 2017

RBI keeps policy repo rate unchanged at 6%

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RBi governor Urjit Patel addressing a press conference in Mumbai post release of bi-monthly statement; Courtesy: DoorDarshan On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) of the Reserve Bank of Indi..

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Thursday, 5 October 2017

ASSOCHAM seeks extraordinary steps to revive economy

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The Indian industry is looking up to the government to take a few extraordinary steps, such as relaxing the fiscal deficit targets and increasing public spending to boost investment -led growth, which would lead to more jobs and revival in consumer demand, the Associated Chambers of Commerce and..

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Tuesday, 3 October 2017

CII offers suggestions to Indian govt on GST rules

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Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two f..

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Friday, 29 September 2017

TEA urges govt to resolve exports related issues

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TEA representative with Union commerce minister Suresh Prabhu (right); Courtesy: TEA The Tiruppur Exporters' Association (TEA) has requested the central government to address exports related issues including GST implications. In a memorandum submitted to the union minister of commerce, S..

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Thursday, 28 September 2017

Placement rate in textiles sector is 70%: Indian minister

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Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair 'VASTRA 2017', in Jaipur. Courtesy: PIB The recent high growth of foreign direct investment (FDI) in the Indian textiles sector has boosted the confidence leve..

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Wednesday, 27 September 2017

Shoppers Stop to sell 5 per cent equity stake to Amazon

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Courtesy: Shoppers Stop Mumbai-based Shoppers Stop Limited is all set to sell its 5 per cent equity stake to e-commerce giant Amazon. The stake will be sold to Amazon at Rs 179.25 crore after an approval from its shareholders at an EGM scheduled to be held on October 18. The step by the reta..

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Monday, 25 September 2017

Handicrafts trade facilitation centre opens in Varanasi

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Prime Minister Narendra Modi dedicating the Deendayal Hastkala Sankul to the nation, in Varanasi, Uttar Pradesh on September 22, 2017. Courtesy: PIB Prime Minister Narendra Modi dedicated the Deendayal Hastkala Sankul, atradefacilitation centre for handicrafts at Varanasi, to the nation last..

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Tuesday, 12 September 2017

Zenitex CEO Desai bags Giants International honour

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Viral Desai (3rd from left) receiving the Giants International award Viral Desai, Gujarat’stextileecopreneur and CEO of the Surat based Zenitex, has been honoured with Giants International award for his tremendous contribution towards environment protection and his social initiative &l..

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Monday, 11 September 2017

India's GDP growth momentum stays strong: Morgan Stanley

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Though disruptions related to the goods and services tax (GST) resulted in economic activity in India losing its steam, the growth momentum remains strong and thecountrymay still witness a 6.7 per cent GDP growth in the current fiscal, according to a recent Morgan Stanleyreport. In April-June, e..

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Saturday, 9 September 2017

Civil disobedience by handloom manufacturers against GST

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Indian handloom and handicraft manufacturers have joined together to oppose goods and services tax (GST) on khadi items and those made from coir, grass and jute. Workers led by Graama Seva Sangha (GSS) launched a ‘tax denial satyagraha’ in Bengaluru on September 8, urging traders not..

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Friday, 8 September 2017

Telangana seeks more CCI cotton purchase centres

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A group of MPs from Telangana, led by the state’s irrigation minister T Harish Rao, recently asked Union minister Smriti Irani to instruct theCottonCorporation of India to open more purchase centres in the state as bumper harvest is expected this year. Irani has decided to send the textile..

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Tuesday, 5 September 2017

Telangana to woo investors at Techtextil India 2017

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Courtesy: Messe Frankfurt With the aim to attract investors to the megatextilepark in Telangana, the department of handlooms and textiles, Government of Telangana has signed up for the InternationalTradeFair for Technical Textiles and Nonwovens - Techtextil India 2017. The government aims to..

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Monday, 4 September 2017

Indian cotton yarn exports fall between April to July

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Indiancottonyarn exports witnessed a fall of 9.79 per cent in the first four months of fiscal 2017-18, according to data compiled by the Cotton Textiles Export Promotion Council (TEXPROCIL). Exporters cite slow pick up by China and Bangladesh, the two big target markets comprising around half of..

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Friday, 1 September 2017

Vijay Textiles Q1 FY18 net profit jumps 245%

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The net profit of Vijay Textiles Limited jumped 245 per cent to Rs 1.72 crore in the first quarter of fiscal 2018 as against Rs 0.49 crore in the first quarter of fiscal 2017. The company's total revenue rose 66.54 per cent amounting to Rs 40.94 crore in the first quarter of fiscal 2018 comp..

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Thursday, 31 August 2017

TUV Rheinland India to work with EPCH

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TUV Rheinland India, a subsidiary of Germany’s TUV Rheinland Group, a worldwide leader in testing, training, inspection, consulting and certification, has signed an MoU with Export Promotion Council for Handicrafts (EPCH), engaged in promotion of exports of handicrafts from India, to work ..

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Thursday, 31 August 2017

India begins investigation on NFY import from EU, Vietnam

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Directorate General of Anti Dumping & Allied Duties, ministry of commerce and industry, Government of India, has initiated anti-dumping investigation concerning imports of “NylonFilamentYarn (Multi Filament)” originating in or exported from EU and Vietnam. The product under c..

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Monday, 28 August 2017

SDC organising training courses on colour management

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With Fibre2Fashion as its marketing partner, Society of Dyers and Colourists (SDC) is organising training courses to impart sound understanding of colouration, colour management, and colour fastness. The courses, providing in-depth knowledge and a firm grounding in fabric colourat..

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Saturday, 26 August 2017

India urges Uzbekistan to cut tariff on fabrics, madeups

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The Government of India has requested Uzbekistan to consider reduction of import tariff imposed by Uzbekistan, especially on fabrics and madeups. India’s commerce and industries minister Nirmala Sitharaman also urged the visiting Uzbek ministers to reduce duty on readymade garments and..

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Wednesday, 23 August 2017

Korean team happy with Kakatiya textiles park location

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A visiting Korea Federation ofTextileIndustries (KFTI) delegation has expressed satisfaction over the location and infrastructure of the proposed Kakatiya Mega Textiles Park in Telangana’s Warangal Rural district. Delegation chairman and Youngone Corporation chief Kihak Sung offered a few ..

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