USTER® Tester celebrates 70th anniversary
The famous USTER® Tester celebrates its 70th anniversary this year, and its unique reputation as a driver of textile quality worldwide is stronger than ever. Even in its earliest version, this remarkable instrument was a big hit with spinning mills, inspiring a new focus on yarn quality.
Neelanjan Banerjee is MD of LANXESS India
Neelanjan Banerjee, age 45 years, will be the new Country Representative and Managing Director for India effective September 1, 2018. He will assume these tasks in addition to his current function as head of the Advanced Industrial Intermediates business unit (BU AII) in India.
BPPL opens Sri Lanka's first ever polyester yarn factory
Eco Spindles, a wholly-owned subsidiary of BPPL Holdings Ltd (BPPL), recently inaugurated Sri Lanka’s first ever polyester yarn plant at Horana Export Processing Zone with an investment of SLR 800 million. The unit, with spinning and texturing machinery from Europe, will manufacture polyester yarn from recycled polyethylene terephthalate (PET) bottle flakes.
Karnataka to help Sutlej set up textile unit
Karnataka Heavy Industries Minister KJ George said the state government would assist Sutlej Textiles Ltd in setting up its unit in Chamarajanagar district at a cost of Rs 786 crore. The textile making unit is being set up at Badanaguppe and Kallambahalli villages of Chamarajanagar district, about 180 km southwest of Bengaluru.
GST Council allows ITC refund to fabrics
The Goods and Services Tax (GST) Council at its 28th meeting held under the chairmanship of Union minister for railways, coal, finance and corporate affairs Piyush Goyal has recommended for allowing refund of input tax credit (ITC) to fabrics. The refund of accumulated ITC shall be with prospective effect on purchases made after notification is issued.
FICCI welcomes measures to address textiles problems
FICCI welcomes the recent multi-faceted measures taken by the government to address the problems of the textile industry. Increase in import duty on 76 textile items from 10 to 20 per cent and GST reduction on carpets and handicraft items have given a big relief to domestic textile, carpet and handicraft manufacturers, said Shishir Jaipuria, Chairman, FICCI Textile Committee.
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