Apparel and Textile News Ministry of Textiles News

Kavita appealed for contaminated-free Cotton Fibre

Indian cotton has the highest intrinsic value and the Textile Commissioner, Kavita Gupta appealed to the trade to ensure that the fibre is contamination-free and not adulterated. Only clean fibre can be sold at a premium. The Textiles Ministry has targeted to double the textile production in the next seven years. With the domestic production […]

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March 19, 2018
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218 Views

Apparel and Textile News Trade Info News

Textile Associations welcomes the increased allocation for the Sector

The Textile associations in India have welcomed the raised allocation for the sector in budget 2018 announce by finance minister, Arun Jaitley yesterday saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues. The drop in corporate tax rate for units with an annual turnover of up to […]

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February 2, 2018
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Apparel and Textile News Apparel Brands and Companies

The Textile Industry Welcomes the Post-GST Rates

Welcoming the decision of the post-GST rates under Remission of State Levies (RoSL) scheme by the government, Confederation of Indian Textile Industry (CITI) chairman Sanjay K Jain said, “The move will boost the garment exporters to accept bigger orders from the global buyers which they were unable to accept due to competitiveness reducing in wake […]

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November 27, 2017
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Apparel and Textile News Events and Exhibitions News

Textiles Machinery Fair, TEXFAIR to begin from Nov 17

TEXFAIR, The 11th edition of textile machinery, accessories and spares exhibition organized by Southern India Mills’ Association (SIMA) will begin from November 17. The four day TEXFAIR will run from November 17 to 20 at CODISSIA Trade Fair Complex, Coimbatore and nearly one lakh visitors are expected. The exhibition will be inaugurated by Sanjay Jayavarthanavelu, […]

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November 13, 2017
10 Comments
168 Views

Apparel and Textile News Trade Info News

Revised GST rates appreciated by the Textile Industry

After the latest revision in the goods and services tax (GST) rates announced by the Country’s finance minister Arun Jaitley on Friday, the Indian textile industry is hopeful of growth with revision in the GST rates. The change in GST rate not only will strengthen the entire textile value chain and make textile industry globally […]

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October 10, 2017
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245 Views

Apparel and Textile News Trade Info News

New Duty Drawback rates for apparel by Indian Gov.

Due to global economic conditions, rupee overvaluation and uncertainties post by the GST regime, the industry is facing a continuous decline in exports has made the Government of India to announce new duty drawback rates for various export products including textile and garment for the year 2017-18, which will be effective from October one. The […]

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September 25, 2017
6 Comments
219 Views

Apparel and Textile News Trade Info News

CITI has elected its new office-bearers on Sept 20

The apex body representing the entire textile industry in the country, The Confederation of Indian Textile Industry (CITI) has elected its new office-bearers at its first meeting of the Committee held in Mumbai on September 20. Sanjay K Jain have been elected as chairman, T Rajkumar as deputy chairman and DL Sharma as vice chairman […]

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September 21, 2017
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Apparel and Textile News Trade Info News

Duty Drawbacks on Textile Exports lacks Clarity

The textile industry are unable to book orders due to lack of clarity on the duty drawback rate and Rebate of State Levies (ROSL) on export of garments and made up textile articles, and this could impact India’s textile exports, said P Nataraj, Chairman, the Southern India Mills Association (SIMA). For the textile industry second […]

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September 15, 2017
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201 Views

Apparel and Textile News Trade Info News

SIMA elected its new office bearers for 2017-18

A textile trade body, The Southern India Mills’ Association (SIMA) has elected its new office bearers for the year 2017-18 at Hotel Le Meridien, Coimbatore. The association announced this during its 58th Annual General Meeting held on September 9. P Nataraj, Managing Director, K P R Mill Limited, Coimbatore has been unanimously elected as the […]

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September 13, 2017
6 Comments
149 Views

Apparel and Textile News

SIMA welcomes reduction of GST on textile Job work

The Southern India Mills’ Association (SIMA) Chairman, M. Senthilkumar has thanked the finance minister and the textile minister for reducing the service tax from 18 per cent to 5 per cent. The textile industry has appealed to the government and the GST Council for reduction of service tax on textile job work from 18 per […]

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June 13, 2017
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151 Views

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

Avoid Panic Buying of Cotton – SIMA

The Southern India Mills’ Association (SIMA) has urged the mills to avoid panic buying of cotton as its price is currently ruling around Rs 43,500 to Rs 44,000 resulting in an increase of Rs 5,000 to Rs 6,000. The price was around Rs. 38,000 to Rs. 39,000 per candy of 355 kg during the beginning […]

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March 23, 2017
2 Comments
181 Views

South Indian Cotton Yarn Market Remains Steady Ahead

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Tag: SIMA

Kavita appealed for contaminated-free Cotton Fibre

Textile Associations welcomes the increased allocation for the Sector

The Textile Industry Welcomes the Post-GST Rates

Textiles Machinery Fair, TEXFAIR to begin from Nov 17

Revised GST rates appreciated by the Textile Industry

New Duty Drawback rates for apparel by Indian Gov.

CITI has elected its new office-bearers on Sept 20

Duty Drawbacks on Textile Exports lacks Clarity

SIMA elected its new office bearers for 2017-18

SIMA welcomes reduction of GST on textile Job work

Inverted duty structure for MMF under GST

Avoid Panic Buying of Cotton – SIMA