With reference to reports appearing in sections of the Bangladeshi media, this is to clarify that no new Countervailing Duty (CVD) has been imposed in the Indian Union Budget 2013-14 on Ready Made Garment (RMG) imports into India. The CVD ...
Tags: Indian Embassy, CVD, Bangla Apparel Exports
Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. ...
Tags: FDI, Indian Textile Sector, textile
The zero excise duty on cotton textiles at fibre, yarn, fabric and garment stages announced in the Union Budget 2013-14 will help reduce prices of end products, according to India Ratings & Research (IRR), a Fitch Group Company. The ...
Tags: cotton textiles, fibre, yarn, fabric, garment stages
Indian textile and apparel manufacturers are expecting boost for the sector as Union Budget 2013-14 has opened new opportunities for investments in the domestic as well as international market with reduced excise duty on branded garments, ...
Dr A Sakthivel, Chairman, AEPC welcomed the announcement of Union Budget on the RMG garment industry. He thanked the Hon’ble Finance Minister in accepting the demand of the industry to restore the ‘zero excise duty ...
Tags: AEPC, Branded Apparels, RMG garment industry
The Indian textile industry, employing over 100 million people directly and indirectly has been looking for various schemes and assistance in the Union Budget 2013-14 to regain its global competitiveness which faced the worst ever crisis in ...
Tags: textile industry, Union Budget, SIMA
The Union Budget 2013-14 presented by the India’s Finance Minister P Chidambaram has brought cheer for the textile and garment industry as the Central Government has accepted their long standing demand for removal of excise duty on ...
Tags: India, Textile Sector, Garments
Confederation of Indian Textiles Industry (CITI) has welcomed the Central Budget 2013-14 presented by the Finance Minister, Shri P. Chidambaram in Parliament as a positive package for accelerating the recovery of the textiles industry. In a ...
Tags: CITI, Central Budget, Textile Sector
Indian textile and garment industry is seeking relief inUnion Budget and is expecting exemption of customs duty on man-made fibre, removal of levy of excise duty on readymade garments, allocation of more fund for Technology Upgradation Fund ...
Tags: textile sector, textile, textile machineries
Farmers in the Vidarbha region of western Indian state of Maharashtra have demanded that the minimum support price (MSP) of cotton be raised to Rs. 6000 per quintal from the existing MSP of Rs. 3900 per quintal. They have also urged the ...
Tags: Vidarbha Farmers, Cotton, MSP
Indian apparel industry is hoping for the withdrawal of excise duty on clothing and elimination of distinction between branded and unbranded products in the Union Budget 2013-14, to be presented by the Finance Minister later this month. ...
Tags: apparel industry, excise duty, clothing and elimination
PTI reported that General Motors India has posted a 21.82% decline in sales at 7,067 units in December 2012. GM in a statement said that the company had sold 9,039 units in the same month of 2011. Mr P Balendran VP of GM India ...
Tags: General Motors India, sales down, car industry, India
RK Global Shares & Securities said that After increasing charge in Q3FY12 from 7% to 10% and the development surcharge from 2% to 5%, the railways have again gone for another round of freight rate increase by 19-33%, with effect from March ...
Tags: market view, cement, demand