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Abolishing Excise Duty Will Help The Growth of The Indian Textile Industry

Jan 5, 2015

Indian synthetic fibre and yarn producers have urged the Union Ministry of Finance to abolish excise duty of 12 per cent levied on the industry and bring it at par with the cotton fibre and yarn sector. “This will help the growth of ...

Tags: cotton fibre, yarn sector, Textile

Indian Industry Body Suggests The Imposition of a 30 Percent Export Duty

Jun 16, 2014

On June 13, the Indian industry body ASSOCHAM called on the Indian Minister for Commerce and Industry Nirmala Sitharaman and submitted a memorandum, strongly suggesting the imposition of a 30 percent export duty on iron ore pellets in the ...

Tags: Iron Ore Pellets, steel capacity

Jindal Stainless Reported a Net Loss of RS 412 Crore in Q2

Oct 30, 2013

Hit by the dramatic rise in finance costs and rupee depreciation, Jindal Stainless' (JSL) reported a net loss of Rs 412 crore for the second quarter ended September 30, 2013. Also, the Company holds a conservative outlook on the domestic ...

Tags: stainless steel industry, Construction

Govt Is Expected to Raise Import Duty on Refined Edible Oil to 10%, From 7.5% at Present

Sep 27, 2013

The government is expected to raise import duty on refined edible oil to 10%, from 7.5% at present, to protect the domestic oil refining industry. A Cabinet note regarding this has already been circulated by the Food Ministry, sources ...

Tags: Chemicals

Rising Raw Material Prices and Crash of Rupee Has Badly Mauled India's Plastics Industry

Sep 26, 2013

Rising raw material prices and the crash of the rupee has badly mauled India's plastic industry, according to the country's largest plastics trade association. "[The] future of over 50,000 manufacturing units and four million jobs are at ...

Tags: Plastics Industry, Polymer Costs

India Has Raised The Import Duty on a Range of Major Polymers

May 14, 2013

India has raised the import duty on a range of major polymers, namely polypropylene, polyethylene and polyvinyl chloride, from 5% to 7.5% effective Thursday, a source from Reliance Industries said. "This is a logical move because it gives ...

Tags: APIC, Polymer Import

Around 88% of India Ratings-Rated Cotton Textile Companies Have a Stable Outlook

Jan 28, 2013

India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...

Tags: cotton textile, cotton, textiles, cotton prices

CITI Is The Apex Industry Chamber of The Textiles and Clothing Industry

Jan 9, 2013

As you are aware, Confederation of Indian Textile Industry is the apex industry chamber of the textiles and clothing industry. We need not elaborate the importance of textiles sector for our economy, since you are fully aware of its ...

Tags: CITI, India, textile industry, clothing industry, finance ministry

Inverted Duty Structure Likely Be Recasted by India on Petrochemicals

Dec 4, 2012

On the back of disinterest shown by entrepreneurs to invest in Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) set up across India; the Indian government will cast a fresh look at the inverted duty structure prevalent ...

Tags: petrochemicals, Petroleum, Chemicals, duty structure

Steel Imports Into India Grew 38.6 Per Cent to 3.32 Million Tonnes Over 2.39 Mt

Sep 17, 2012

During April-August this fiscal, steel imports into India grew 38.6 per cent to 3.32 million tonnes over 2.39 mt in the corresponding period last year. Production during this period grew 4.3 per cent to 31.71 mt from 30.42 mt, while ...

Tags: Industry Trends, bearing

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