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Exports Face a Drawback!
Misfortunes have come in battalions for textile exporters – firstly GST dilemma, then, hardening of rupee and now the axe on duty drawback rates. An exclusive ITJ Report throws some light on the issue.
MMF exports showing signs of recovery: SRTEPC AGM
Narain Aggarwal, Chairman of the Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), in his address at the 63rd Annual General Meeting held on September 28, 2017 in Mumbai said that exports of MMF textiles during the year 2016-17 had shown a nearly 2 per cent growth in value terms and was on path of recovery.
Will Surat trade relent on GST stir?
The textile industry in Surat has been hit hard as the manufacturing units, traders and retailers remained shut due to the ongoing protest against GST. While the strike continues, majority of the traders as well as the industry comprising of hundreds of Micro, Small and Medium Enterprises.
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