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Bangalore Wholesale Cloth Merchant Association launch postcard campaign against GST tax increase

13 December 2021, Mumbai:

Bangalore Wholesale Cloth Merchant Association has urged the Union government to drop the proposal to increase GST (Goods and Service Tax) on garments and textile industries from 5 percent to 12 percent.


Bangalore Wholesale Cloth Merchant Association has urged the Union government to drop the proposal to increase GST (Goods and Service Tax) on garments and textile industries from 5 percent to 12 percent.

With effect from January 2022, the government has raised GST on finished goods such as garments, textiles, and footwear from 5 percent to 12 percent.

In a unique campaign, the association has decided to send postcards to the PMO (Prime Minister Office) daily from all the shops here in Bengaluru against the proposal. "From Karnataka alone, we are sending 3,000 cards daily.

Every shop is sending a minimum of five cards daily," says Bangalore Wholesale Cloth Merchant Association President Prakash Pirgal.

thehansindia.com (The news article has not been edited by DFU Publications staff)

 

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Bangalore Wholesale Cloth Merchant Association launch postcard campaign against GST tax increase

RIL presents differntiable fabric technology R|Elan Kooltex

 07 December 2021, Mumbai:

India’s Reliance Industries Limited (RIL) has introduced a unique fabric technology within R|Elan product portfolio called R|Elan Kooltex, a fabric that enhances the performance of garments by keeping them dry and cool amid various conditions.

The company aims to provide advanced textile technologies that also capture the latest style trends.  

Advanced moisture management property of R|Elan Kooltex helps control temperature and provide cooler feeling to the wearer – be it formal or sports outfit. R|Elan Kooltex keeps the wearer cool and dry through the day ensuring enhanced performance and encouraging heightening physical activities, RIL said in a press release.

The pandemic has transformed the consumer mindset with an emphasis on better apparel with embedded performance attributes. Ever evolving consumers are demanding more innovations in their everyday apparel, brands are also introducing new solutions under the performance category. R|Elan’s specially engineered products have emerged as a perfect choice for trendy and performance enhancement seeker consumers.

R|Elan Kooltex has inherent moisture management mechanism with its unique structure supporting wicking of sweat through micro-channels. This facilitates rapid moisture management property that the body uses to regulate its temperature. It can be used in major apparel application segments such as denim, knitwear, athleisure and wovens.

Dealing with sweat during exercise or hot weather is not a concern anymore. Now, garments have become smarter with R|Elan Kooltex that enhances performance and at the same time provides comfort - day in and out, the release said.

Fibre2Fashion (The news article has not been edited by DFU Publications staff)

R|Elan™ Kooltex – enhancing comfort through quick dry technology

 

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RIL presents differntiable fabric technology R|Elan Kooltex

Mega textile park likely to come up in Virudhunagar: MOI Thangam Thennarasu, T.N.

13 December 2021, Mumbai:

‘Tamil Nadu has attracted 60,000 crores industrial investment in the last six months’.

The Tamil Nadu Government was making all efforts to bring a mega textile park sponsored by the Union Government to Virudhunagar district, said Minister for Industries Thangam Thennarasu.

Speaking at the special loan campaign organised by the Tamil Nadu Industrial Investment Corporation (TIIC) here on Sunday, Mr Thennarasu said that Chief Minister M. K. Stalin has already announced the setting up of an apparel park at the SIPCOT industrial estate in Pattampudur in the district.

“The Centre has announced setting up seven textile parks in the country. Given that the textile industry is the core strength of Tamil Nadu, we have proposed to set up the textile parks at Virudhunagar, Sivaganga, and Dharmapuri districts,” he said.

He added that Sivakasi, which is known for the fireworks, textile and printing industry, has a huge opportunity to set up defence manufacturing units as Tamil Nadu has been announced as a defence manufacturing corridor.

 Stating that Tamil Nadu has attracted 60,000 crores industrial investment in the last six months, Mr Thennarasu said that the efforts of the Chief Minister was to make Tamil Nadu numero uno in the industrial sector and generate more employment opportunities.

Revenue Minister K. K. S. S. R. Ramachandran said that Tamil Nadu was providing an entrepreneur-friendly environment to set up more industrial units with a lot of subsidies and financial assistance.

The Chief Minister, who introduced a separate budget for the agriculture sector, has a long-term vision on developing the industrial sector with a transparent administration.

The Ministers distributed order sanctioning loan to the tune of ₹680.70 lakh to eight industrial units, a cheque for loans to the tune of ₹109.98 lakh to five unites and also got applications seeking loans to the tune of ₹1,026.30 lakh from 12 units.

The Additional Chief Secretary and Chairman and Managing Director of TIIC, Hans Raj Verma, said that they would make the industrial units in the State compete at the global level and TIIC will do all hand-holding for the same.

Virudhunagar Collector J. Meghanath Reddy said that Tamil Nadu was thinking at least 10 years ahead of all other States. Two years after Independence, Tamil Nadu had formed TIIC with a vision of industrial development, he pointed out.

MLAs, A.R.R. Srinivasan and A.R.R. Raghuraman, District Revenue Officer R. Mangalaramasubramanian, General Manager, TIIC, Kirubakaran, secretary of Virudhunagar District Tiny and Small Scale Industries Association, Durairaj, Chairman of The Institute of Chartered Accountants of India, Southern India Region, K. Chalapathi, and various industrialists took part.

The Hindu  (The news article has not been edited by DFU Publications staff)

 

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Mega textile park likely to come up in Virudhunagar: MOI Thangam Thennarasu, T.N.

High yarn prices have compounded the pain of the textile industry: Is the textile industry in a dilemma!

09 December 2021, Mumbai:

Kumar Doraiswamy, a Tirupur-based exporter was one of the organisers of a strike called by the Federation of Tirupur Apparel Cluster on November 26 to protest soaring yarn prices, which have increased nearly 50 percent over the past year.

Between January and November, yarn prices increased from Rs 220 per kg to Rs 330 per kg.

Doraiswamy says he has been in a bind as a result of the rising input costs. The strike had 117 stakeholders participating, with nearly 80 percent of units involved in textile production in the area shut, causing a production loss estimated at Rs 100 crore, according to the Tirupur Exporters and Manufacturers Association. Persistently high yarn prices have compounded the pain of the textile industry, which is already reeling under high input costs.

As a solution, textile manufacturers are asking for a temporary ban on yarn and cotton exports to arrest the shortage and ensure availability for domestic players. S. Venkatesan, Member of Parliament from Madurai, has written to Union Textiles Minister Piyush Goyal, seeking his intervention to bring down cotton and yarn prices.

Textile manufacturers say that increased input costs have put them under extreme price pressures. These include the volatility in crude oil prices, which have resulted in higher freight costs, as well as the rising cost of chemicals and dyeing, and so on. Factors like these have made it difficult for firms to remain price competitive, creating difficulties both with securing new orders and servicing existing ones.

Certain sections of the industry are also up in arms against the government’s move to hike GST (Goods and Services Tax) on some textile fabrics from 5 per cent to 12 per cent. Trade associations from the Gujarat belt have voiced concerns on this move, pointing out that the industry is already reeling under stiff competition from imports from Vietnam, Sri Lanka and Bangladesh.

Textiles is a labour-intensive industry—and as a result, an important employment generator—that was vying to seize the China opportunity. While orders have grown and industry has done brisk business in the last few months after the lockdown, countries like Bangladesh have given India stiff competition. Between January and July, India’s textile exports touched Rs 1.77 lakh crore, 52.6 per cent higher than the same period last year and 13.7 per cent higher than the pre-pandemic level of 2019.

So far, the government has not yielded to the growing clamour to ban yarn exports or against its notification of levying a 12 per cent GST rate on manmade fibre yarn, fabrics and apparel from the current tax rate on MMF, MMF yarn and MMF fabrics of 18 per cent, 12 per cent and 5 per cent, respectively.

The government approved a production-linked incentive scheme worth Rs 10,683 crore for the textile industry in September this year to boost manufacturing and exports.

India Today (The news article has not been edited by DFU Publications staff)

 

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High yarn prices have compounded the pain of the textile industry: Is the textile industry in a dilemma!

Indian textile industry in critical state as raw cotton export fuels 'Bangladesh & Vietnam RMG sector'

07 December 2021, Mumbai:

“What is the point of Make in India if we can't stop the export of our raw materials to competing nations?” asks Sumit Jain, the MD of Delhi-based textile firm Kanin Originals.

ET (The news article has been edited by DFU Publications staff)

Profile photo of Sumit Jain

 

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DAILY NEWS:

  1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
  2. Consumers will determine growth of sustainable fashion e-comm in India
  3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
  4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
  5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

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Indian textile industry in critical state as raw cotton export fuels 'Bangladesh & Vietnam RMG sector'

(SIMA) Southern India Mills' Association Chairman, Ravi Sam met Piyush Goyal urging 'Free Trade Agreements (FTAs)' to boost textile exports

09 December 2021, Mumbai:

Chairman of Southern India Mills’ Association Ravi Sam met Minister for Commerce and Industry and Textiles Piyush Goyal in New Delhi on Tuesday and sought measures to improve textile exports.

Mr. Ravi Sam said he discussed in detail with the Minister the need for free trade agreements, reduction of hank yarn obligation, and the need to remove import duty on cotton.

The need to renegotiate bilateral agreements with neighboring countries, electricity related matters, and revamping the Handloom Reservation Act were also discussed.

The Minister heard about the issues that were posing challenges to the industry and has promised required action, he said.

Mr. Ravi Sam appealed to Mr. Goyal, who is also the Minister for Consumer Affairs, Food and Public Distribution, to provide three godowns of Food Corporation of India near Muthanankulam, which are vacant, to Coimbatore Corporation to be converted into a theatre for contemporary arts and performing arts theatre.

Air connectivity

On Wednesday, Mr. Ravi Sam met the Minister for Civil Aviation Jyotiraditya Scindia and sought better air connectivity to Coimbatore. The Minister said that he would immediately look into connecting Coimbatore through Air India and Vistara flights and said that direct international flights would be permitted after runway expansion, he said.

The Hindu (The news article has not been edited by DFU Publications staff)

 

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(SIMA) Southern India Mills' Association Chairman, Ravi Sam met Piyush Goyal urging 'Free Trade Agreements (FTAs)' to boost textile exports

Government initiates to boost Textiles sector exports, productivity, demand and to fuel jobs

09 December 2021, Mumbai:

The government has taken the following major initiatives/ measures to help ameliorate the conditions in the textile sector to boost exports, production, demand and job opportunities in the sector on a pan-India basis:

  1. To boost exports in the MMF sector, the Government has removed anti-dumping duty on PTA (Purified Terephthalic Acid), a key raw material for the manufacture of MMF fibre and yarn and also on Acrylic fibre, a raw material for the yarn and knitwear industry.
  1. The Government has approved the setting up of Seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites including plug and play facility with an outlay of Rs. 4445 cr for a period of seven years upto 2027-28. These parks will enable the textile industry to become globally competitive, attract large investment and boost employment generation. The scheme will enable creation of global champions in exports.
  2. The Production Linked Investment scheme of Rs 10,683/- crore over a five-year period covering MMF and Technical Textiles sector has been announced which will create global champions in exports and domestic production in textile sector will also grow substantially.
  3. In order to make the textile sector competitive by rebating all taxes/levies in international market, Government has also given its approval for continuation of Rebate of State and Central Taxes and Levies (RoSCTL) on exports of Apparel/Garments and Made-ups till 31st March 2024.

Further, Government is implementing various policy initiatives and schemes for supporting the development of textile industry viz. the Amended Technology Upgradation Fund Scheme (A-TUFS), Schemes for the development of the Powerloom Sector(Power-Tex), Schemes for Technical Textiles, Scheme for Integrated Textile Parks (SITP),Scheme for Additional Grant for Apparel Manufacturing Units under SITP (SAGAM),  SAMARTH- The Scheme for Capacity Building in Textile Sector (SCBTS), Jute (ICARE- Improved Cultivation and Advanced Retting Exercise), Incentive Scheme for Acquisition of Plant and Machinery (ISAPM), Export Market development Assistance(EMDA), Retail Outlet of Jute Diversified Products and Bulk Supply Scheme, Integrated Processing Development Scheme (IPDS), Silk Samagra, National Handloom Development Programme, National Handicraft Development Programme, Integrated Wool Development Programme (IWDP), North East Region Textiles Promotion Scheme (NERTPS),National Technical Textile Mission, Scheme for Production and Employment  Linked Support for Garmenting Units (SPELSGU) etc.     

These schemes and initiatives which promote technology upgradation, creation of infrastructure, skill development and sectoral development in the textile sector, create a conducive environment and provide enabling conditions for textile manufacturing in the country and help in boosting the textile sector.

The role of the Government is to ensure a conducive policy environment, facilitating in creating enabling conditions for the industry and private entrepreneurs to set up units through its various policy initiatives and schemes. Due to these interventions, a number of handloom, power loom, readymade garments, synthetic yarn and hosiery manufacturing units have been set up across the country. Details of such units may be seen at Annexure A, B, C & D.

The details of the amount spent for the development of the textile industry through various sectoral schemes during the last three years and current year is at Annexure E.

This information was given by the Minister of State for Textiles Smt. DarshanaJardosh in a written reply in the Lok Sabha today.

PIB   (The news article has not been edited by DFU Publications staff)

India's textile exports stitch Covid wounds, rise 13 per cent over  pre-pandemic level - DIU News

 

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Government initiates to boost Textiles sector exports, productivity, demand and to fuel jobs

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