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Rising cotton price to hit margins of textile cos
Rising cotton prices are set to hit profit margins of textile and apparel players due to their inability to pass on the high production cost on to consumers as seasonal demand is weak.
GOTS wins case against t-shirt printer
GOTS has won a legal judgement in an appeal case against a company that printed blank GOTS-certified organic cotton t-shirts and then sold them afterwards as GOTS-certified end products, despite not been certified as a GOTS printer.
Tax refunds to boost textile exports
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
Govt lowers price of Bt cotton seeds
The Centre has marginally lowered the maximum sale price of Bt cotton seeds (BG-II) for a 450-gram packet to Rs 730 for the 2019-20 season.
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