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Cotton & MMF outlook-2020
World cotton production is projected to be lower than its consumption for the fourth year in row. This has marginally supported the cotton prices in CS19 despite the subdued demand.
Fulgar’s eco-sustainable fashion at Milan exhibition
From 16 to November 28, Fulgar—the Italian company that is the leader in the production of man-made yarn—will be present at Fabbrica del Vapore space in Milan for the exhibition – Textile Evolution - Made in Italy 4.0.
Issues related to GST & export incentives tabled during SRTEPC meet
SRTEPC delegation comprising of Narain Aggarwal and Ronak Rughani, met Suresh Prabhu, Union Minister for Commerce & Industry and Minister of Civil Aviation to appraise him on the GST issues being faced by the MMF segment and export promotion incentives.
Designed For Gains
Dollar has been hardening, making Indian textile and clothing exporters happy. With negligible import content for the domestic industry, and the Government’s bid to curb cheaper import, good times are ahead, reveals the ITJ Cover Story.
Cotton demand to pick up
Cotton yarn production in India continued to remain sluggish during the 2017-18 registering only a marginal growth of about 0.1 per cent YoY after declining by about 2 per cent during the same period last year.
SRTEPC hails import duty hike
The Government of India’s decision to increase basic customs duty (import duty) to 20 per cent on 76 textile and apparel items at 6-digit level, is a significant move and will strengthen the domestic textile industry
Oerlikon Records Q1 Top-Line Results
Bolstered by the exceptional top-line performance and reinforced by disciplined cost management, the Group’s year-on-year EBITDA increased to CHF 123 million, yielding a high EBITDA margin of 15.1 per cent.
SIMA chief hails GST cut for MMF
The man-made fibres (MMF) and yarns were slotted under 18 per cent GST rate while the fabrics were slotted under 5 per cent GST slab with a condition that no refund of Input Tax Credit would be allowed at fabric stage.
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