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Uzbek blueprint to boost textiles
Uzbek President Shavkat Mirziyoyev has signed a decree to deepen reforms in the textile industry to fully reprocess raw cotton domestically and increase export potential of the country
GST: FAQs for textile industry
Raw jute has been kept at NIL rate of GST i.e. there would be no tax on raw jute. Jute mills are not required to pay tax under Reverse Charge Mechanism (RCM) as mentioned under section 9(4) of the CGST Act, 2017.
8% rise likely in global cotton output in 2016-17
Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season’s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.
Raw cotton export nosedives
Raw cotton exports from India plummeted by over 50 per cent in the 2014-15 cotton season (October 1, 2014 to September 30, 2015).
Turkish cotton community receives contract training
Ninety Turkish cotton professionals attended the International Cotton Association´s (ICA) ´Raw Cotton Contracting´ training in Turkey last week (25 February), thanks to sponsorship from the Kahramanmaras Chamber of Commerce.
Pakistan's T&C exports cross $10 billion?
The exports of textiles and garments from Pakistan earned US$ 10.207 billion in the first nine months of fiscal year 2014-15 that began on July 1, 2014, according to the data released by the Pakistan Bureau of Statistics.
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