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SIMA hails duty hike on imported polyester fabrics
In the GST regime, countervailing duty has been replaced with IGST and the special additional duty has been scrapped. Polyester attracted 10 per cent basic customs duty, 12.5 per cent CVD and 4 per cent special additional duty in pre-GST regime.
Mills seek re-look at duty drawback rates
Indian textiles and clothing exports has been struggling during the last three years due to the absence of level playing field in the global market mainly because of high tariff rates in major markets and also non-refund of several taxes and levies.
SIMA urges to remove cess on cotton
The Southern India Mills Association (SIMA) has urged Edapadi Palaniswami, the Chief minister of Tamil Nadu to remove 1 per cent Agricultural Market Committee Cess on cotton and cotton waste for the state budget of 2017-18.
Cotton buying norms eased for MSME
The Union Textile Ministry has announced unique terms and conditions for procuring fully pressed cotton bales from Cotton Corporation of India (CCI) for the benefit of MSME textile units.
Sri Lakshmi Fire Controls achieves 50% growth
Sri Lakshmi Fire Controls was founded in 2012 by AS Venkat Krishna, who is well experienced in fire protection field. Sri Lakshmi Fire Controls has a technical collaboration with German-based GreCon, a leader in fire protection system with more than 2,00,000 successful installations around the globe. AS Venkat Krishna, Chief Executive Officer, Sri Lakshmi Fire Controls, spoke to The Indian Textile Journal in an exclusive interview.
Industry’s SOS on cotton crisis
The predominantly cotton based Indian textile industry has been facing acute crisis during the last eight years due to high volatility in cotton prices especially during off season starting from May to September.
ITAMMA participates at Texfair
“As it is always an honor to reside with SIMA on its continuous efforts towards the well-being of the textile industry at large, SIMA deserves a great deal of unbiased appreciation for its focused and unique way of contributing to the prosperity of the industry. So it is obvious that ‘TEXFAIR-2016’ is going to be an extra mileage and a landmark to be remembered with by the textile fraternity. While, amidst the felicitation, let me share a few thoughts with you on the present scenario of the textile industry.
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