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Indian Govt. may impose anti-dumping duty on filament yarn from 4 nations

India’s Directorate General of Anti-dumping and Allied Duties (DGAD) is considering to slap anti-dumping duty up to US $ 3.44 per kg on import of elastomeric filament yarn from China, South Korea, Taiwan and Vietnam. The Government is considering this move to safeguard the interest of domestic industry from cheap imports of elastomeric filament yarns used in the manufacturing of hosiery, swimsuits, aerobic or exercise wear, golf jackets and disposable diapers. In its final findings, […]

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India’s new textile policy aims to boost handicraft sector

The Textiles Ministry of India is planning to promote handicraft sector as international players have emerged as tough competitors for the sector. The new textile policy of India has been designed to achieve US $ 300 billion textiles exports by 2024-25 and envisages creation of additional 35 million jobs. If reports are believed then Textiles Ministry is planning to incentivise expansion of production base for quality manufacturing of handicraft products used for interior decoration and […]

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EPFO to discuss optional EPF for apparel, made-ups sector

The retirement fund body Employees’ Provident Fund Organisation (EPFO) has decided to take up the issue of optional EPF for employees in apparel and made-ups sector at the trustees meeting scheduled to be held on March 30. A proposal to amend the EPF & MP Act for making EPF contribution optional for those earning less than Rs. 15,000 per month will be discussed during the meet. Earlier last year in June, the Centre brought a […]

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Indian Govt. to announce package for powerloom sector on April 1

Indian Government will announce a package for powerloom sector on April 1, this was informed by Union Textiles Minister Smriti Irani in Lok Sabha on Thursday. Prime Minister Narendra Modi may announce the package in Surat, Gujarat, India as the state will go to polls later this year. Replying to a question on education for families of weaver community, Smriti Irani said two separate MoUs with IGNOU and National Institute of Open Schooling (NIOS) have […]

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Telangana (India) CM directs to formulate plans for handloom weavers

K Chandrashekhar Rao, Chief Minister of Telangana (India) has directed Government officials to formulate plans for the welfare of handloom weavers in the state. It is pertinent to mention here that a large number of weavers in the state have opted for other work. Absence of proper support for weavers has forced many to end their lives in the state. According to reports, many handloom weavers are employed with powerloom industry as labourers. The crisis […]

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Kerala (India) to rejuvenate textile industry

The State Government of Kerala (India) has decided to take all required steps to rejuvenate the crisis ridden textile industry in the state. This was revealed by Minister for Industries A.C. Moideen during his visit to Wayanad Handloom and Powerloom Multi-purpose Industrial Cooperative Society at Thrissilery in the district. “The industry in the State was in a crisis and it cast a shadow over the lives of thousands of families depending on the sector,” Moideen […]

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‘Saree’ out of excise duty ambit; brings cheers to textile traders

The Indian saree, whether it is made of six metres of fabric or undergone a designer makeover with embellishments and embroidery, will not face excise duty now as the Government of India has declared that the saree won’t be classified as a ‘Ready-made Garment’, which would have attracted tax. It may be mentioned here that branded ready-made garments and textile products with a retail price of over Rs. 1,000 attract excise duty at rates of […]

March 20, 2017

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Workshop in MP (India) on Special Package

A workshop was reportedly organized in Indian city of Indore in Madhya Pradesh by Textiles Ministry to elaborate about the measures suggested in the Rs. 6,000 crore Special Package announced last year by the Indian Government for the textile and apparel sector, to readymade garments and textile exports units. Indore is known for housing more than 2,000 readymade garments units. The event was attended by large number of delegates from Indore and Ujjain division, informed […]

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GST Council clears SGST, UGST

After CGST (Central GST), IGST (Integrated GST) and Compensation drafts, the GST Council headed by the India’s Finance Minister Arun Jaitley has given its nod to State UTGST (Union Territory GST) and SGST (state GST). This has further paved the way for GST to become a reality on July 1. “The 12th Council meeting approved UTGST and SGST. Officers had already done the groundwork, the drafts were already circulated. In the past meetings, the Council […]

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Indian Govt. to launch scheme in interest of powerloom weavers

Indian Government has announced to soon launch a scheme to protect the interest of powerloom weavers of the country, informed Minister of State for Textiles Ajay Tamta in Rajya Sabha. Lack of regular supply of electricity and availability of sufficient yarn are among problems being faced by powerloom weavers in the country. “We are taking steps to address concerns of powerloom weavers. Very soon, we are going to launch a scheme to help them,” Minister […]

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India’s TEA launches medical insurance scheme for labourers

A new medical insurance scheme “Mediplus 365” with the payment of Re. 1 per day has been  launched for labourers, informed Tirupur Exporters Association (TEA) of India. The insurance scheme  executed by Edelweiss Insurance Brokers Ltd., Mumbai through New India Insurance Company, will  provide insurance coverage of Rs. 1,00,000 to labourers. The insurance company will take care of medical expenses and apart from this, the accident  coverage of Rs. 1,00,000 is also available to those […]

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TIES will cut exporters transaction cost: FIEO President

SC Ralhan, President, Federation of Indian Export Organizations (FIEO), has welcomed the launch of Trade Infrastructure for Export Scheme (TIES) by Indian Government, and believes that it will help reduce Exporters Transaction Cost. Ralhan said that the Indian exporters face huge challenges in terms of infrastructure, particularly in states. Trade infrastructure is one of the critical elements in export trade to enhance efficiency and competitiveness in global market. He also mentioned that inadequate infrastructure pushes […]

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India’s TEA hails TN Govt. for tax-free budget

Tirupur Exporters Association (TEA) of India has expressed happiness over Tamil Nadu Government’s move to present a tax-free budget. D Jayakumar, Finance Minister of Tamil Nadu presented the 2017-18 budget in the Assembly today. Welcoming the move, TEA President Raja M Shanmugham said that the people will get benefit after implementation of the schemes announced in the budget. “The allocation of Rs. 2,000 Crore for the Tamil Nadu Infrastructure Development Fund (TNIDF) would be helpful […]

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Indian Govt. launches Trade Infrastructure for Export Scheme

India’s Commerce and Industry Minister Nirmala Sitharaman has launched the Trade Infrastructure for Export Scheme (TIES) focused on addressing the needs of the exporters. “The focus is not just to create infrastructure but to make sure it is professionally run and sustained,” said the Minister while launching the scheme. The Minister added that there will be an Empowered Committee to periodically review the progress of the approved projects in the Scheme and will take necessary […]

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Indian Commerce & Industry Minister introduces FDDI Bill, 2017 in Parliament

India’s Commerce & Industry Minister Nirmala Sitharaman introduced the Footwear Design and Development Institute (FDDI) Bill, 2017 in the Lok Sabha on March 14 to declare FDDI as an Institution of National Importance (INI). “The objective of the proposed legislation is to facilitate and promote teaching, training and research in all disciplines relating to design and development of footwear and leather products and to enable FDDI to emerge as Centre of Excellence meeting international standards,” […]

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