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SRTEPC hails import duty hike
July 2018
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, The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has said. The duty has come into effect from July 16, 2018.
Turning nutshell waste into fashion
July 2018
Archroma, a global leader in color and specialty chemicals towards sustainable solutions, has announced collaboration with Ternua, an outdoor brand with a strong connection to nature.
Upgraded HeiQ Smart Temp for twin energy actions
July 2018
Based on the mechanism of the recently unveiled, patent-pending instant cooling hydro functional polymer, the Swiss textile innovator HeiQ has announced that a suite of new products will be added to the HeiQ Smart Temp product family for a full range of activated cooling technology, customizable for each fabric type and intended cooling performance.
13% rise in trade buyers at Intertextile Pavilion Shenzhen
July 2018
Growth in the fair and growth in the market: exhibitor and buyer increases at Intertextile Pavilion Shenzhen, which concluded recently, reflected the strength of the Southern China fashion sector.
971 exhibitors take part in Shenzhen textile fair
July 2018
A record 971 exhibitors from 12 countries and regions (2017: 721), and 17,664 trade buyers from 35 countries and regions (2017: 15,608) took part in the Intertextile Pavilion Shenzhen, reflecting the strength of the Southern China fashion sector.
SPGprints wins patent case
July 2018
SPGPrints, a leading equipment and consumables supplier for printing in the textile and graphics industry, has successfully argued before the Dutch court in The Hague that the MS/Dover patent EP2643159 for single pass digital textile printing is not inventive.
ITAMMA organises 21st product-cum-catalogue show
July 2018
Presently the Indian textile engineering industry is fulfilling only 45-50 per cent requirement of the domestic market of Rs 15,000 crore, while exports about Rs 6,500 crore worth textile machines and accessories. It has targeted to reach to Rs 25,000 crore by 2025.
Govt doubles import duty on over 50 textile items
July 2018
The government has doubled import duty on more than 50 textile products — such as jackets, suits and carpets — to 20 per cent, a move that is aimed at promoting domestic manufacturing.
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