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Tag: GSP

GSP
Apparel and Textile News

Finally GSP Extension From US Govt

Indian exporters, after an 18 months wait finally gets extension for generalised system of preference (GSP) from the US government. The US government has renewed GSP benefits for Indian exporters, retrospectively from August 2013 till December 2017, enabling duty-free entry of 3,500 product lines which exported in July 2013. The move is expected to benefit […]

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Urge For Bailout Package By Southern India Spinning Mills

The spinning mills of southern India is currently facing inevitable liquidity crunch caused by increasing yarn stock, poor offtake and long pending TUF subsidies. Southern India Mills’ Association (SIMA) chairman, T Rajkumar in his interactive meeting with union textile commissioner, Kiran Soni Gupta urged her to expedite the bail-out package to save thousands of small […]