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Drop in order intake for Italian machinery industry
The order intake index for textile machinery compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for April-June 2018 period fell by 15 per cent compared to the same period for 2017
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.
SRTEPC hails import duty hike
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.
200+ exhibitors from 40 countries for Source India
About 200 buyers from leading textile and garmenting companies from 40 countries will visit the diamond city to crack deals with textile companies of Surat and across the country at the second edition of Source India 2018, India’s largest man-made fibre (MMF) exhibition in September.
SRTEPC holds road show for Source India 2018
The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), Mumbai, the apex Export Promotion Council of MMFT exporters organised first Road Show/Seminar on “Source India 2018” quite recently in Bhiwandi at the Hotel Regent Garden with the support of our member-exporters and other textiles associations in and around Bhiwandi.
"We export our entire product range to Turkey"
Embee started exporting globally in the year 1989, and in the early 90s, Embee started exporting to Turkey. It’s been nearly 30 years and our export share to Turkey is growing every year. Our export-quality machines and accessories are well known in the textile market of Turkey and some of our machines have a good market share there.
Egypt’s RMG exports up 12%
The Ready-Made Garments Export Council (RMGEC) announced recently that exports of the sector increased by 12 per cent during the first five months of the current year to reach $645 million, compared with $575 million during the same period in 2017.
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