Coimbatore: The textile industry has urged the Union Government to make a uniform levy of 5% (lowest slab) on all textile and clothing products under the GST (Goods and Services Tax). They also want the government to continue the duty drawback benefits for garment and made-up exports. The entire …
Tag: Tirupur Exporters’ Association
बजट2017 उम्मीदें: तिरुपुर टेक्सटाइल इंडस्ट्री ने इन्फ्रास्ट्रक्चर सुविधाएँ, अनुसंधान एवं विकास और इन्क्यूबेशन सेंटर बनाने की मांग की
भारत के “निटवेयर कैपिटल” (Knitwear Capital) तिरुपुर ने टेक्सटाईल सेक्टर की एमएसएमई के विकास के लिए आगामी बजट में विश्व स्तरीय इन्फ्रास्ट्रक्चर सुविधाएँ, अनुसंधान एवं विकास (आर एण्ड डी) सेंटर और इन्क्यूबेशन सेंटर की मांग की है। फिलहाल तिरुपुर और अन्य क्लस्टर बुनियादी शैली के कपड़ों पर ही केंद्रित …
Budget Wishlist: Knitwear Capital seeks tax breaks, upgraded tech & better infrastructure
The knitwear capital of India Tirupur has its pre-budget wish-list all set and demands for adequate infrastructure, R&D centre and incubation centre to empower textile clusters with world-class industry infrastructure facilities. Presently clusters like Tirupur are focused more on basic style…
Potential in technical textile sector yet to be tapped properly
Lack of awareness and lesser penetration in rural areas was the reason the vast potential in the technical textile sector could not be tapped properly,a senior Textile Commissioner official said, even as major textile associations extended support for the sector’s growth. Though the sector …
Textile industry to attract Rs. 1 lakh cr investments by 2025
The Indian textile industry is expected to attract Rs. 1 lakh crore investments in technical textiles by 2025, according to M. Senthil Kumar, Chairman of Southern India Mills’ Association. At a conference on technical textiles and non-wovens organised by Federation of Indian Chambers of Commerce …
Knitwear manufacturers look beyond tax structure in GST
Knitwear manufacturers here are not ‘much’ concerned about the ‘mere rate structures’ of Goods and Services Tax (GST) but eagerly been looking at the macro approach that would be adopted for fixing various raw materials in the production chain into different slab categories. According to the cons…
IL&FS to launch portal for SMEs of textile and apparel sector
IL&FS (Industrial Leasing and Financial Services) plans to launch an e-platform to bring multiple SMEs together and link them with financing agencies, financial advisors and technology and marketing consultants. Besides, the platform ‘Enterprise Development Services’ will also all…