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At the next month’s ITM exhibition to take place in Istanbul, Stäubli, a leading high-speed textile machinery manufacturer who constantly analyses customers’ most important needs and integrates solutions in the development of its new products to demonstrate its latest automation solutions for the hosiery sector.

The government in Maharashtra’s new textile policy to help restore it’s place as a prime hub eroded over recent years. The state government has decided to offer a primary capital subsidy of 25-40 percent across the value chain.

Arvind Ltd, the flagship company of the Lalbhai Group, India’s largest denim manufacturer and the world’s fourth largest producer and exporter of denim has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to set up an integrated apparel and textile park in Chittoor.

NEW DELHI: Describing recent speculation on GST collection targets for the current and next fiscals as being "overtly aggressive", state-run State Bank of India on Monday estimated that the Goods and Services Tax collection for 2018-19 would grow at a rate of 14-16 per cent, bringing it closer to the decadal growth rate in indirect taxes of just under 14 per cent. 

SINGAPORE: It is a matter of record that "there were never any plans" by the Government to immediately raise the Goods and Services Tax (GST), Senior Minister of State for Finance and Law Indranee Rajah said on Monday (Mar 5).

The implementation of Goods and Services Tax (GST) is absolutely necessary for the country as it has the potential to double the GDP, according to Suresh Krishna, chairman and managing director, Sundram Fasteners Ltd. (SFL).

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