Textile News

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Japanese Companies Queue up for Investments in Gujarat     Already, the first Japanese industrial park has been developed at Vithalapur where Japanese companies have made an investment of Rs 1,500 crore.   Japanese investment in the state is estimated at $1 billion and it is expected to double in the next three years or so.    Modi has already…Read more
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On a rainy July evening in the busy and sprawling  Surat Textile Market, Rangnath Sarda received a call from a client, a distributor in Tamil Nadu, to discuss billing details under the new GST regime. Since Sarda did not have a Goods and Services Tax (GST) number, his client would have to figure out how to bill him, transport the goods…Read more
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Cotton falls under HSN code chapter 52 of GST commodity tariff schedule.  The details about GST rate changes for sale of Cotton are being updated here.  The notification changes on exemptions for GST for sale of Cotton and other circulars related to GST for Cotton and Cotton products are updated here. Update on 4thJUNE, 2017: GST rates on goods NIL…Read more
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Jamuna Lal Bajaj Street, one of the busiest parts of the Kolkata city, wore a deserted look on Tuesday. Comprised largely of shops linked to the textile industry, traders closed down operations here as part of a three-day nationwide strike opposing the five per cent Goods and Service Tax (GST) on fabrics. The protest is also against the “complex procedures”…Read more
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Cotton imports this season have been the highest so far having crossed the 30-35 lakh bale mark. However, according to market reports, some of the contracts are now being cancelled or settled by mills in South India due to local market trends and GST. According to Pradeep Jain, a major cotton ginner from Jalgaon, contracts worth Rs 2-2.5 lakh bales…Read more
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The Trades Union Congress (TUC) is asking government to include the textile industry in the list of factories it plans to set up under the one -district, one-factory policy. The TUC believes the industry has the potential to generate many jobs and thus deserves some attention as the nation seeks to industrialise. “The textile industry can generate tens of thousands of…Read more
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Innovative fashionistas are seriously looking at the garment industry's role in environmental pollution and climate change. A new Seattle-based apparel company, named Ably, is driven by the idea that what we wear shouldn’t hurt the planet. This is not a niche issue. The apparel industry accounts for over 10% of global carbon emissions and remains the second largest industrial polluter, topped…Read more
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Keen on making Haryana a global hub of textile manufacturing and a popular investment destination, the state government has prepared Textile Policy-2017. Under the policy, the government will give incentives for setting up new units and ensure growth and modernisation of the existing textile industry in the state. "Taking a holistic approach to the issue, the policy is packed with…Read more
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The new textile policy is expected to focus especially on handicraft sector and give incentives for expansion of its production base for quality manufacturing. It will have a three-pronged approach to boost the sector which is currently facing competition from international players. The policy will also aim to preserve and protect endangered crafts.   The new policy aims to create additional…Read more
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Wellspun India Ltd., took yet another step towards the company's vision of continious innovation by unveiling the new "state of the art" Needle entangled advance Textile plant in Anjar. Minister of Textiles, Smt. Smriti Zubin Irani graced the occasion with her presence and inaugurated the plant on 18th march 2017. Indian textile will get more infra potentials from this innovation…Read more
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