Apparel and Textile News Trade Info News

Inverted duty structure for MMF under GST

Man-made fiber and synthetic yarn would have inverted duty structure problem as they would be levied Goods and Services Tax (GST) at 18 per cent, while man-made and synthetic fabric would attract only 5 per cent GST rate. Keeping the rates of key inputs at a higher level will affect the competitiveness of small and […]

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June 5, 2017
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Apparel and Textile News Trade Info News

CITI Expects More Initiatives For Textile Value Chain

Confederation of Indian Textile Industry (CITI) has welcomed the initiative for job creation in garment industry and hopes more initiatives are expected to follow to strengthen and support the textile value chain and the make in India initiative. CITI in a statement said China and India have robust textile value chain, which has been the […]

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June 24, 2016
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328 Views

Apparel and Textile News Apparel Brands and Companies

Textile Importers To Renegotiate Prices After Rupee Fall

Depreciation in the rupee has prompted global textile and apparel importer to renegotiate the contract terms and prices with Indian exporters resulting in higher realization of export-driven products from India. Now, new contract orders are being deferred till the Indian currency stabilises. Rahul Mehta, president of the Clothing Manufacturers Association of India said that toreign […]

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August 26, 2015
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Apparel and Textile News Apparel Brands and Companies

Textile Importers Renegotiating Price

The recent devaluation of the yuan has led to a weakness in the rupee against the dollar. So far in 2015-16, the rupee has depreciated 13.9 per cent and 6.6 per cent against the euro and dollar, respectively. The depreciating rupee has prompted textile and apparel importers abroad to renegotiate the terms of their contracts […]

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August 25, 2015
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Apparel and Textile News Apparel Brands and Companies

Scaling Down Of Production By Cotton Mills

Representatives of the Confederation of Indian Textile Industry, South India Millers’ Association, North Indian Millers Association, and Texprocil met in New Delhi on Monday to take stock of the situation faced by cotton spinning mills. Currently, the cotton spinning mills are facing crisis due to high input costs and subdued demand and thus decided to […]

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August 21, 2015
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Apparel and Textile News Apparel Brands and Companies

Intensified Operation By Textile Industry In New Areas Suggested

The Indian textile industry’s long-term prospects “are undoubtedly bright”, it needs to introspect and explore areas where there is scope for scaling up and upgrading the fabrics sector, Chairman of the Confederation of Indian Textile Industry (CITI), Prem Malik has said. Malik’s said while the textiles industry in China was slowing down, Pakistan’s growth is […]

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July 23, 2015
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Apparel and Textile News Ministry of Textiles News

Slow Growth In Export In Textile And Clothing Sector

India’s textile and clothing exports in the 10 month period of April 2014 to January 2015 witnessed growth of almost four per cent to 34 billion US Dollar as per the textiles ministry data. This means 41 billion US Dollar for the year, growth of only 3.8 per cent as against the rise of 12.4 […]

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May 15, 2015
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Apparel and Textile News Apparel Brands and Companies

Global Buyers Showing Interest To Indian Apparels

With the disruption in production in Bangladesh due to political turmoil and the rising cost of garment produce in China, global orders are being diverted to India from these nations, which is likely to help the Indian apparel exports that has clocked a 13.4% growth in dollar terms in April-February of FY15. Secretary General of […]

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March 23, 2015
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Tag: Confederation of Indian Textile Industry

Inverted duty structure for MMF under GST

CITI Expects More Initiatives For Textile Value Chain

Textile Importers To Renegotiate Prices After Rupee Fall

Textile Importers Renegotiating Price

Scaling Down Of Production By Cotton Mills

Intensified Operation By Textile Industry In New Areas Suggested

Slow Growth In Export In Textile And Clothing Sector

Global Buyers Showing Interest To Indian Apparels