Textile mills in Tamil Nadu have appealed to the Union Government to bring down the GST rate for manmade fibre and yarn to 12 % from 18 %. About 430 mills recently sent their appeal to the Prime Minister’s Office in this regard, according to Prabhu Dhamodharan, Secretary of Indian Texpreneurs Fed…
Tag: Prabhu Dhamodharan
Textile body hails revision of job work rates
Indian Texpreneurs Federation (ITF) hailed the revision of job work rates for textile, leather and gems and jewellery sectors to five per cent from 18 per cent announced earlier. In a statement, ITF Secratary, Prabhu Dhamodharan said that for the past one week, all associations from here were req…
GST may increase prices of garments
Garment and apparel prices may increase under the Goods and Services Tax (GST) regime with ‘job work’ inviting 18% levy. Under the current system, there is no tax on job work as it is considered a “subsequent process” in the manufacture of textile products and not a service. However, under GST, t…
Textile mill body to train 50k fresh workers during 2017
Indian Texpreneurs Federation (ITF), an apex body of textiles mills in the region, has signed an MOU with National Skill Development Council (NSDC), to train 50,000 fresh workers in 15 job roles during 2017. As per the MoU, ITF member mills will train the fresh workers from January 2017 to Decemb…
Weave in India: Home textile market can outperform China in coming years
Thanking the Centre for extending a special package to Made-ups sector, Indian Texpreneurs Federation (ITF), a textile industry body in the region today said with estimated size of $96 Billion of global home textile market, India can outperform China in the coming years with this support measure.…
Textile industry hails package for made-ups, hopes to boost exports
Textile industry associations have hailed the Centre’s announcement of a special package for the made-ups sector. The package includes 10 per cent enhanced subsidy under Technology Upgradation Fund Scheme, extension of Pradhan Mantri Paridhan Rozgar Protsahan Yojana Scheme for providing additiona…