Author: Arvind Kumar

From The Editor

Indian textile industry has welcomed the reduction of service tax rates for job work services in respect of textiles and textile products including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63 from 18 per cent to 5 per cent. The industry thanked GST Council and Textiles Minister Smriti Irani for considering the representation and bringing the entire textile job works under the service list of 5 per cent GST. The step will come as big relief to micro and small job work manufacturers in all segments of textile value chain and will allow the free flow...

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From The Editor

Indian garment exports has clocked 18 per cent growth since January 2017 after having remained stagnant for past three years and we hope that similar trend may continue for remaining period this year. India has a huge potential to capture the market space by focusing on manmade fibre (MMF) that is vacated by China in the international textile market due to declining China’s textile exports. Synthetic textiles made from MMF account for 70 per cent of world textile supply and the rest is cotton. China’s annual exports are estimated to be $150 bn. Given the scale of exports from...

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