The future for the Indian textile industry looks promising, buoyed by both strong domestic consumption as well as export demand as China is drifting away from textile manufacturing activities. With consumerism and disposable income on the rise, the retail sector has experienced a rapid growth in the past decade with the entry of several international players like Marks & Spencer, Guess and Next into the Indian market.
The government’s decision to raise the duty drawback rates will boost textile and apparel exports, experts said. Despite several incentives offered by the government to…+ More
Apparel exporters in Tirupur have sought increase in duty drawback rates and Rebate of State Levies (ROSL) rates as the Government recently reduced the drawback…+ More
The open end spinning mills in Tamil Nadu, numbering over 400, will soon have a common research and training facility in Coimbatore. G. Arulmozhi, secretary…+ More
The three pacts resulted in rising imports and a progressive slowdown of exports India’s three free trade agreements with the ASEAN, Japan and South Korea…+ More
Global yarn production increased by 5 per cent between Q1/18 and Q2/18 whereas global fabric production decreased from Q1/18 to Q2/18, according to the ITMF…+ More
India?s new simplified return forms for goods and services tax (GST) will be rolled out from April 1 next year, revenue secretary Ajay Bhushan Pandey…+ More