Powerloom units will take a hit if the GST on man-made fabric (MMF) is kept at the proposed 18%, industry officials said. Powerloom accounts for more than 86% of the total MMF production in India while the rest comes from other segments like handlooms, hosiery and mills. Incidentally, the GST on …
Tag: Powerloom
Govt may impose ‘dumping duty’ on cloth from China: Smriti Irani
The Union government is considering imposing a “dumping duty” on cloth imported from China, Union Textiles Minister Smriti Irani said on December 10. Irani visited several powerlooms in Bhiwandi in Maharashtra and spoke to workers on December 10 afternoon, promising to revive the once booming ind…