The global trade value of the artificial staple fibres has shown a sharp growth in the recent years. Total trade has moved up by 8.85 per cent in 2018 over the previous year, according to the data from TexPro.
The AIC-NIFT TEA Incubation Centre for Textiles and Apparels is ready to support entrepreneurs making compression garments and socks using sustainable material.
The Apparel Export Promotion Council (AEPC) has requested the government to review the retrospective withdrawal of Merchandise Exports from India Scheme (MEIS), and demanded reinstatement of MEIS benefits till March 31, 2020.
After reports of technical glitch in filing GST returns (summary return GSTR-3B), Goods and Services Tax Network (GSTN) said a total of 65.65 lakh returns for December were filed till January 20, out of which 13.30 lakh returns were filed on the last day itself.
Despite recovery in shipments to the US, the country’s textile and apparel exports fell by 8 per cent in the first eight months (April-November) of the current fiscal year, with contractions in those to the European Union (EU) and West Asia.
The Central Board of Indirect Taxes & Customs (CBIC) said on Tuesday that a total of 65.65 lakh GSTR-3B returns were filed for the month of December (2019) till 20th January, 2020.