Apparel and Textile News Ministry of Textiles News

Ministry Recommends Cut in Excise Duty on MMF

The textiles ministry has recommended to the centre to reduce excise duty on man-made fibres (MMF) from 12 per cent to six per cent, according to a report. The recommendations came following textile commissioner, Kavita Gupta’s discussions with various export promotion councils and traders’ bodies recently. At a meeting with Tirupur Exporters’ Association at Tirupur, […]

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November 3, 2015
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Call For Investment In MMF Units

The Man Made Fiber ( MMF ) based textile sector that presently has meager 2.2 per cent share in the market needs more investment to help government’s ambitious plans to grow the size of the segment from 110 billion US Dollar to 400 billion US Dollar in the next few years. ‘Wazir Advisors’ jt managing […]

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October 30, 2015
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Palazzo Pants Market Captured by Surti Traders

Textile traders and powerloom weavers of Surat plan to increase the sale of man-made fabric (MMF) riding on the growing popularity of palazzo pants women’s trousers cut with a loose, extremely wide leg that flares out from the waist across the country. Palazzo pants are manufactured from crape, chiffon and knitted polyester fabrics in the […]

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September 5, 2015
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Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

First Yarn Bank To Support Powerloom Weavers

The textile ministry to provide powerloom weavers yarn at concessional rate has formed two special purpose vehicles (SPVs) namely Ved Road Art Silk Small Scale Cooperative Federation Limited and Pandesara Weavers Cooperative Society Limited for setting up India’s first yarn bank under the Integrated Scheme for Powerloom Sector Development (ISPSD). With the initial corpus fund […]

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February 10, 2015
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Tag: MMF

Ministry Recommends Cut in Excise Duty on MMF

Call For Investment In MMF Units

Palazzo Pants Market Captured by Surti Traders

First Yarn Bank To Support Powerloom Weavers