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India's WPI-Based Inflation at -4.05% in July 2015

Aug 17, 2015

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 4.05 per cent for July 2015 (over July 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...

Tags: WPI-Based Inflation, Inflation

India Can Beat China and Bangladesh in Value-Added Garment Exports

Jul 7, 2015

India can beat China and Bangladesh in value-added garment exports, according to a top official of Li & Fung, which designs customised supply chain solutions for the world’s most successful retailers and brands. “In the ...

Tags: garment export, value-added garment

India's WPI-Based Inflation at -2.33%

Apr 16, 2015

The annual rate of inflation, based on monthly wholesale price index (WPI), stood at minus 2.33 per cent for March 2015 (over March 2014), according to the provisional data released by the Office of the Economic Adviser, Ministry of ...

Tags: wholesale price index, annual rate of inflation

Chinese Textile Industry Approves Fully-Automatic Solutions

Apr 14, 2015

AC-Automation, a supplier for automated solutions to the textile industry, mainly finds business in India and China with slightly different trends. While Chinese clients mainly ask for fully-automatic solutions, Indian clients asking for ...

Tags: AC-Automation, textile industry, fully-automatic solutions

Indian Textile Sector Seeks Cooperation with Vietnam

Apr 10, 2015

The Indian and Vietnamese textile and apparel industries are more complementary than competing in nature, and so cooperation would benefit both countries, the Synthetic and Rayon Textiles Export Promotion Council of India (SRTEPC) has said. ...

Tags: Textile Sector, textile industries, apparel industries

Textile Trade Bodies Slam New FTP

Apr 7, 2015

The new Foreign Trade Policy has come under fire from two major textile trade bodies. The Confederation of Indian Textile Industry or CITI says the new policy has not provided any additional benefits to the textiles sector, though measures ...

Tags: Indian Textile Industry, textiles sector, Textile

Textile Industry Is Kept in The Lowest Slab in GST

Mar 31, 2015

Recently, a delegation from the Indian textile industry met Santosh Kumar Gangwar, minister of state for textiles to apprise him of the current as well as post budget scenario of the textile industry. The delegation was made-up of OP ...

Tags: Textile Sector, textile industry

US Apparel Imports Showsan Increase of 2.49 Per Cent

Feb 12, 2015

Total apparel imports by the United States stood at $81.780 billion in 2014, showing an increase of 2.49 per cent over imports of $79.797 billion made in 2013, according to the latest Major Shippers Report, released by the US Department of ...

Tags: Apparel Imports, Apparel

The Government of India Has Agreed to Provide All Necessary Assistance

Jan 9, 2015

The Government of India has agreed to provide all necessary assistance for developing the textile industry in Afghanistan, as per a memorandum of understanding (MoU) signed between the two nations. The MoU was signed by Mazamil ...

Tags: clothing, cotton, man-made fibre, Textile

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

CITI Has Requested The Government to Reduce The Excise Duty

Dec 8, 2014

The Confederation of Indian Textile Industry (CITI) has requested the Government to reduce the excise duty on all man-made fibres and filaments, as also their raw materials from the current 12 per cent to 6 per cent. In a pre-Budget ...

Tags: man-made fibres, Apparel, Textile

Heinz Meierkord Has Been Named The New President of CIRFS

Dec 1, 2014

CEO of Germany based Advansa, Heinz Meierkord has been named the new president of CIRFS, a trade body representing Europe’s €10 billion man made fibres industry. Heinz Meierkord succeeds Giulio Bonazzi, CEO of Aquafil, whose ...

Tags: fibres industry, Textile

MMF Industry in India Demands Remove Bias and Anomalies Against The MMF Industry

Nov 18, 2014

The man-made fibre (MMF) industry in India has demanded that the Union Government implement a fibre neutral excise policy and remove bias and anomalies against the MMF industry. The MMG producers, represented by the Association of ...

Tags: man-made fibre, Synthetic Fibre Industry, Textile

India's Annual Rate of Inflation Dropped to a Five-Year Low of 1.7 Per Cent in October

Nov 17, 2014

India’s annual rate of inflation, based on monthly wholesale price index (WPI), dropped to a five-year low of 1.7 per cent for the month of October, 2014 (over October, 2013), according to the provisional data released by the Office ...

Tags: annual rate of inflation, consumer price index, Apparel

APTMA Urged The Government of Pakistan to Clear The Outstanding Tax Refunds

Sep 9, 2014

All Pakistan Textile Mills Association (APTMA) chairman, Muhammad Yasin Siddik, has urged the Government of Pakistan to clear the outstanding tax refunds, as committed by the Federal Minister for Finance and Economic Affairs, Muhammad Ishaq ...

Tags: Textile, tax refunds, Apparel

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