Tags

The Confederation of All India Traders (CAIT) has urged Union finance minister Arun Jaitley to categorise fabrics of all kinds under the 5 per cent tax slab of the Goods and Services Tax (GST). Being a new entrant to the taxation club and given that cloth is an item of mass consumption, 5 per cent should be the appropriate rate of taxation, added CAIT.

The 4th edition of Heimtextil India & Ambiente India, India's finest home fashion business platforms, will be inaugurated by Union textiles minister Smriti Irani on June 20 in New Delhi. Over 180 leading companies from India, Bangladesh, China, Korea, Nepal, and Thailand will present their dining, living and home furnishing collections at the 3-day fair.

The All India Recycled Fibre & Yarn Manufacturers Association, which represents 35 recycled polyster staple fibre (PSF) producers, has requested the Union finance ministry to maintain the current excise duty cost advantage of recycled PSF vis-à-vis virgin PSF, while finalising the GST rates. GST Council is scheduled to discuss this at its meeting on June 3.

          ThreadSol, the pioneer in enterprise material management for sewn products' industry, gathered top garment manufacturers, technocrats and top technology providers to imagine the future of the garment manufacturing business in Bangladesh during the recent edition of 'Apparel Tech-up' organised in Dhaka. The sit-down included two panel discussions.

          After a slowdown in Q3 post-demonetisation business, Clothing Manufacturers Association of India’s (CMAl’s) Apparel lndex for January-March 2016-17 reveals that the Indian apparel industry is slowly and surely making a recovery. The Q4 Index shows overall growth has improved mildly with overall lndex Value moving up to 2.25, compared to 1.4 points in Q3.

The Northern Indian Textile Mills' Association (NITMA) has urged the chief minister of Punjab, Captain Amarinder Singh to hold back Punjab State Electricity Regulatory Commission's (PSERC) decision of increasing power tariff for the peak load hours for industrial category consumers. This order would make power costlier by 78 paise, said NITMA.