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Price rise, an issue in textile industry

Price rise, an issue in textile industry
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Tamil naduAndhra pradeshAshwin chandranRajam shanmughamTiruppur exporter associationSouthern india mill associationMarket committeeErode districtCommon effluent treatment plantsதமிழ் நாடுஆந்திரா பிரதேஷ்அஷ்வின் சந்திரன்திருப்பூர் ஏற்றுமதியாளர் சங்கம்தெற்கு இந்தியா ஆலை சங்கம்சந்தை குழுஅரிப்பு மாவட்டம்

Cotton yarn prices gain sharply on surging cotton rates, demand

Cotton yarn prices gain sharply on surging cotton rates, demand
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New yorkUnited statesAshwin chandranAnand poppatCommittee on cotton productionCotton association of indiaGujarat cotton trade associationCotton corporation of indiaSouthern india mills associationMulti commodity exchangeTrading economics websiteChairman ashwinCotton associationCotton productionMulti commodityCotton corporation

Mills association seeks rollback of duty on cotton imports

Mills association seeks rollback of duty on cotton imports Updated: Updated: ‘Levy will lead to higher import of garments, escalate prices’ Share Article ‘Levy will lead to higher import of garments, escalate prices’ The Southern India Mills’ Association has sought a rollback of the 10% customs duty on cotton imports announced in the Union Budget, as it would escalate the cost of garments and result in higher import of garments, especially from countries such as Bangladesh and Sri Lanka. Ashwin Chandran, chairman of Southern India Mills’ Association, said that India imports mainly extra-long staple (ELS) cotton, organic cotton, contamination-free cotton and sustainable cotton. The production of these varieties is either nil or meagre in India.

Al jizahSri lankaAshwin chandranSouthern india mill associationUnion budgetAdvance authorisation schemeஸ்ரீ லங்காஅஷ்வின் சந்திரன்தெற்கு இந்தியா ஆலை சங்கம்தொழிற்சங்கம் பட்ஜெட்

Textiles industry broadly welcomes Union Budget 2021-22

The Indian textiles and clothing industry has broadly welcomed the Union Budget 2021-22 presented by finance minister Nirmala Sitharaman in Parliament on February 1. Setting up of 7 mega textiles parks under MITRA, and reducing duty on nylon raw materials are welcomed by all trade bodies, while there is a mixed reaction to 10 per cent import duty on cotton. The grant to the textiles and clothing sector in Union Budget 2021-22 is ₹3,614.64 crore, which is about 10 per cent higher than the revised budget of ₹3,300 crore in 2020-21. The budget also puts emphasis on Infrastructure Development and Research & Capacity Building as the grant for these sectors has been increased by about 43.7 per cent and 77.5 per cent respectively as compared to last year. Share of these sectors in total textile and apparel budget allocation for 2021-22 stands at about 6 per cent and 10 per cent respectively.

Al jizahTamil naduAl bu ayrahAndhra pradeshSri lankaNirmala sitharamanRajam shanmughamAshwin chandranPrabhu dhamodharanSanjay gargRajesh masandManoj patodiaTiruppur exporters associationTechnology upgradation scheme atufsSouthern india mill associationInsurance corporation

Customs duty on cotton imports disappoints textile sector

Customs duty on cotton imports disappoints textile sector Updated: Updated: ‘It will make import of branded cotton expensive’ Share Article ‘It will make import of branded cotton expensive’ The textile and clothing sector here has expressed disappointment over the levy of customs duty on cotton imports in the Union Budget. Manoj Patodia, chairman of the Cotton Textiles Export Promotion Council, said that the plan to establish seven mega investment textile parks in three years was a positive step towards making the industry globally competitive. It would attract investments and boost employment. However, the plan to levy customs duty on cotton imports would make import of branded cotton expensive.

Tamil naduAshwin chandranRaja shanmughamManoj patodiaTiruppur exporters associationIndian texpreneurs federationUnion budgetCotton textiles export promotion councilSouthern india mills associationConfederation of indian textile industryDevelopment cessApparel export promotion councilIndian textile industryAgriculture infrastructurePrime ministerIndia mills association