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GST Plus Outweighs Minus!
The long-awaited GST rates have sparked off many a smile and a few wails in the textile industry! While the majority of textile industry, particularly the garment industry, has gone gung ho over the new rates of GST, synthetic textile segment has been crying hoarse, legitimately over the 18 per cent rate.
2016: A 'Leap' Year?
Promise of new measures from the Government, much-awaited GST on the cards, hints of the decentralised segments attaining maturity that will spur demand for textiles augur well for the textile industry in 2016 and beyond, recounts an Exclusive Report by Joseph S and Karthik M.
Spinning: Temporary setback may go
Spinning has been good in India, but looking at the trend unfolding in the last six months, it needs a relook. One is the Technology Upgradation Fund (TUF) which has been temporarily stopped. Secondly, the yarn export to China has virtually come to a standstill.
Techtextil India completes five successful editions
Celebrating its 5th edition as India’s largest exhibition for the technical textiles and nonwovens industry, Techtextil India lived up to its promise of a truly business and growth-oriented trade fair for India.
New driving force for nonwovens industry
The nonwovens industry in India is still at an early stage of development, although some well-known companies have invested in nonwovens. The CoE aims at advancing the development of the industry in nonwovens. For this reason, institute management decided two years ago to invest in a complete needling line.
Value addition, logistics need to improve: TAI meet
The Textile Association of India´s (TAI) annual conference with the theme, ´Indian Textiles - The way Forward´, held at the Hotel The Lalit, in Mumbai, was a splendid event with a series of impressive presentations in three sessions.
Karl Mayer launches 1st ML 46-210" in India
For the first time in Inda, Karl Mayer launched its multibar lace machine, model ML 46 210´ in Surat, Gujarat.It was a great day for Zenith Silk Mills Pvt Ltd in Surat, when the first-ever Karl Mayer´s Multibar Lace machine.