Policy News India Archives | Apparel Resources
Home » Tag » Policy News India

# Policy News India

Punjab (India) hikes power tariff for industrial consumers

Punjab, India has announced hike in power tariff for industrial consumers from June this year. The move has been criticized by the Northern India Textile Mills Association (NITMA) and sought intervention of Chief Minister Amarinder Singh to roll back the decision. Punjab State Electricity Regulatory Commission, Chandigarh has increased the power tariff by Rs. 2.00 per unit effective June 1 for the peak load hours for industrial category consumers. The TOD tariff comprising of normal […]

Share: 

AEPC to organize ‘GST training programmes’ across India

As Goods and Services Tax (GST) will be applicable from 1st July, 2017, Apparel Export Promotion Council (AEPC), the official body of apparel exporters in India, has planned to organize a one-day GST training programme at nine different locations across India. The Council will roll out the first programme at its head office on 31st May 2017 in Gurgaon. The participation will be on first come-first serve basis. With no participation fee, the motive of […]

May 30, 2017

Share: 

India considers 100% FDI in retail

Indian Government led by Prime Minister Narendra Modi may ease norms to allow 100 per cent Foreign Direct Investment (FDI) in multi-brand retail with caveats. The matter is under consideration, and final decision on the same shall be announced after wider consultation. This was stated by an official to an Indian business newspaper on condition of anonymity. The idea behind this move is to promote its flagship Make in India scheme with job creation at […]

Share: 

Indian PM aims to make Khadi a global brand

Indian Prime Minister Narendra Modi wants to make khadi a global brand as it would help rural artisans to increase their income. The Government is putting in efforts to make it a global product identity of India. This was stated by an official close to the development to a business newspaper of the country. Also Read – India’s KVIC notes 33% surge in sales The Indian Government has sought help from the United Nations in […]

Share: 

India slashes textile and garment export target

Indian Government has decided to cut down the textile and garment export target to US $ 45 billion for this fiscal from previous US $ 48.5 billion. Last year, the country missed its export target by a huge gap. Less demand in major markets such as the US, EU and China, and stiff competition it faces from countries like Vietnam and Bangladesh, made India to miss its target last year. The goal for the FY […]

Share: 

Punjab (India) Govt. to shut Khadi and Village Industry Board

Government of Indian state of Punjab is planning to close Khadi and Village Industry Board (KVIB). According to reports, staff of KVIB from all 22 districts has been invited to Chandigarh as Government mulls to shift them to state industries department. Under KVIB, Punjab Government had facilitated setting up over 50,000 production units in the state over the last several decades. Currently, 32 staff members, including clerks and peons are working for the board, which […]

Share: 

Council fixes 18% GST for textile machinery

Goods and Services Tax (GST) rate for textile machinery has been decided at 18 per cent by the GST Council of India at its two-day meeting which concluded recently in Srinagar, Jammu & Kashmir. GST rates announcement for textiles and footwear has however been deferred to 3rd June by the Union Finance Minister Arun Jaitley. As per the data available on Central Board of Excise and Customs (CBEC) website, following textile machinery will now fall under 18 […]

Share: 

GST rates for textile industry deferred till 3 June

Goods and Services Tax (GST) Council – on its concluding day of meeting – has not decided the tax regime for the textiles industry. The rate announcement has been deferred till June 3 as the Council found complexities within the entire textiles value chain. In addition, postponing final decision is also due to the industry’s anticipation of a fibre neutral taxation across the chain. According to the textile industry representatives, different rates for different parts of […]

Share: 

Indian Government may increase MSP for cotton

India’s Union Agriculture Ministry has reportedly put forward a proposal to increase the Minimum Support Price (MSP) of cotton by Rs. 160 per quintal to Rs. 4,320 for the 2017-18 per quintal this year from Rs. 3,860. The new crop year will begin from July. This news has come when farmers prepare fields for kharif sowing. According to reports, the Ministry has moved a Cabinet note for inter-ministerial comments on fixing MSP at Rs. 4,020 […]

Share: 

Indian Texpreneurs Federation seeks uniform tax rates under GST

Since Goods and Services Tax (GST) has paved way for rolling out the new tax regime from July this year, Tamil Nadu-based ITF – Indian Texpreneurs Federation, has urged the State Government to ensure that textile industry gets uniform rate under GST. ITF expects that the proposed GST will give a boost to the textile and clothing sector. But, for this to happen, the GST should be 5 per cent across the textile value chain, […]

Share: 

Maharashtra (India) to revamp khadi industry

Maharashtra State Khadi and Village Industries (MSKVI) Board has framed the policy with an aim to increase employment for women and to improve khadi sales. “Many of these products have for decades established the identity of the regions they are manufactured in. With the decline of these businesses, not just the identity of that region is lost but thousands of people associated with the industry lose employment too,” Deputy CEO of MSKVI Board Bipin Jagtap […]

Share: 

Urja 2017: ATDC decides next course of action

Urja 2017-Regional Managers’ Meet of India’s Apparel Training and Design Centre (ATDC) – largest quality vocational training provider in the garment industry of the country, has not only sets its eye on the new financial years’ skilling targets but also attempted to chart a new roadmap for taking up fresh projects and programmes under various skill ministries of State Governments. The two-day intensive meet was held at the ATDC National Headquarter in Gurgaon, Haryana recently. […]

Share: 

Telangana (India) Govt. considering key points for new textile policy

Government of Indian state of Telangana has initiated the process to formulate textile and apparel policy to facilitate loans for weavers. The Government is yet to take final call on the matter under process. According to reports, the Government is also considering what kind of subsidies could be offered for capital investment and purchase of equipment by entrepreneurs. Tax incentives and power subsidy are also being examined. Also Read – Madhya Pradesh (India) puts Skill […]

Share: 

Madhya Pradesh (India) puts Skill Development at top of its agenda

An MoU has been signed between Apparel Training and Design Centre (ATDC) and Madhya Pradesh State Skill Development Mission (MPSSDM) to train 10,000 youth every year. Chief Minister of the state Shivraj Singh Chauhan and other dignitaries were present on the occasion of MoU signing. The CM said, “Skill development is the need of the hour. It will make the huge population of the country our strength.” The MoU has been inked initially for the […]

Share: 

India imposes anti-dumping duty on elastomeric filament yarn imports from 4 countries

Ever since the Finance Ministry of India has imposed definitive anti-dumping duty on elastomeric filament yarn imports from Vietnam, China, South Korea and Taiwan, Indian market of filament yarns has attracted worldwide attention. These filament yarns are commonly referred to as Spandex or Elastane. It is noteworthy that spandex yarn is mainly used to make garments that require great comfort and fit like hosiery, swimsuits, disposable diaper, sportswear and so on. Also Read – Indian Govt. […]

Share: 
1 2 3 8