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: Textile mills
Maharashtra to design solar power scheme for textile mills
In order to make more power available to the textile industry in the state, the government of Maharashtra will design a scheme for enabling the use of solar power by textile mills, according to the state’s Textile Minister Subhash Deshmukh. The government will also think of introducing new techno…
बजट 2017: टेक्सटाइल और गारमेंट्स इंडस्ट्री की मांग टैक्स और ब्याज दर में हो कटौती
टेक्सटाइल मिल्स और रेडीमेड गारमेंट्स के हब के रुप में पहचाने जाने वाले शहर इंदौर के कारोबारियों की मांग है कि सरकार आगामी बजट 2017 में टैक्स और ब्याज दर में कटौती करे जिससे कि उद्योग को बढ़ावा मिल सके। मध्य प्रदेश कपड़ा मिल्स एसोसिएशन का कहना है कि सरकार, कॉटन और मानव-निर्मित फाइबर (MMF) [&hellip…
Textile mills pin hopes on fourth quarter
Textile mills are pinning their hopes on the fourth quarter to ride over the third quarter impact of demonetisation. For this, industry is banking on the textile ministry’s move to allow mills to pay only 10 per cent of procurement money that has come as a breather. According to industry, t…
Textile mills look at promoting warehouse in Colombo for cotton
Coimbatore: If all goes on the expected lines, textile mills in the southern States are expected to import more cotton this year (October 2016 to September 2017). They are looking at promoting Colombo as a hub where international sellers and shippers can stock cotton and supply to the mills in so…