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Whither the New-Age Era?
Will 2019 open the doors to the much-touted New-Age Era for the Indian textile industry? Many are optimistic that good times are ahead, but there are questions hanging around that defy definite answers. An ITJ Exclusive Report reveals the industry's views and visions.
Handloom clusters of Bihar
Bhagalpur in Bihar is acknowledged as silk city as it is renowned worldwide for its silk production. The silk industry in this city is 200-years-old and an entire race exists that has been producing silk for generations.
Minister discloses Maha 5-year silk plan
Arjun Khotkar, Minister of State for Textiles, Maharashtra said that Maharashtra, which currently lags in silk production, will become the exporter of silk in next 5 years.
"Foreign trade between India & Turkey is $6.5 bn"
Turkish Exporters Assembly TIM as the roof organisation of the exporting firms around 71,000 was established in 1993. TIM determines the issues related to the export, conduct improvement studies, and to insure the transfer of the problems of the exporters to the highest competent authorities
20th Shenzhen exhibition to be held in Nov 28-30
The 20th Shenzhen International Exhibition—which will be held from November 28-30, 2018 at Shenzhen Convention& Exhibition Center, China—will focus on the efficient trade platform of Chinese market with one feast and six themes.
Maha Policy, maha hopes!
Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the new Maharashtra Textile Policy, which takes forward the ‘Make in Maharashtra’ concept to strengthen the cotton industry.
Customs duty on silk fabrics doubled to 20%
Finance Minister Arun Jaitley proposed doubling of customs duty on silk fabrics to 20 per cent to provide adequate protection to domestic industry. According to the Budget 2018-19, customs duty on silk fabrics has been raised from 10 per cent to 20 per cent. Silk exporters, however, said the move would hit shipments of silk garments from India.
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