Author: Editorial Team

Suditi Industries partners with Anushka Sharma to launch fashion line

Suditi Industries (BSE listing) recently announced a joint venture with renowned film personality Anushka Sharma to launch a western fashion wear brand for women. Speaking about the association, Pawan Agarwal, Chairman & Managing Director, Suditi Industries Ltd said, “We understand our audience, their aspirations and their style language. This, combined with Anushka’s evident popularity and entrepreneurial spirit makes her the perfect partner for our foray into the women’s wear line. We believe this is a natural progression to our existing product lines i.e. Riot and IndianInk. We truly believe that Anushka’s classic style philosophy is the embodiment of our...

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GST rate revision gets mixed response from industry

The synthetic textile industry is divided in its reactions to the latest revision in the goods and services tax (GST) rates announced by the country’s Finance Minister, Arun Jaitley recently. The GST Council announced a reduction in tax rates on man-made yarn from 18 per cent to 12 per cent, while slashing GST levy on job work of zari (embroidery) to 5 per cent, from the previously agreed upon rate of 12 per cent. The GST Council also announced a slew of other measures related to the new tax regime that has completed two months now. Further, small and...

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FIEO welcomes procedural simplification of exports under GST Regime

Welcoming the decision to dispense with Bank Guarantee requirement under Bond and replacing it with Legal Undertaking (LUT), Ganesh Kumar Gupta, President, FIEO said that this is much needed simplification which will help in reducing transaction time and cost of exporters. FIEO Chief said that micro and small exporters will be immensely benefitted as they were struggling to get bank guarantee unless furnish collateral to the bank which affects their liquidity and thus flow of working capital impacting production. FIEO said that we should gradually move towards e-LUT (Electronic Legal Undertaking) which can be furnished online so as to...

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Patrizia Pepe chooses EFI Optitex as its 2D/3D strategic partner

EFI™ Optitex, a world-leading provider of an integrated 2D & 3D CAD/CAM software platform for the apparel and textile industries, is pleased to announce a new strategic partnership with Tessilform, the Tuscany based company owner of the famous brand, Patrizia Pepe. The partnership includes the acquisition of a large configuration of 2D and 3D EFI Optitex licenses by Patrizia Pepe, which will initially drive the digital transformation of its apparel department before extending the solutions to its bags department. As 3D is seen as a key success factor to face the new challenges of the fashion market, Patrizia Pepe...

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Teijin Frontier to Showcase elk® at Interfiliere Shanghai

Teijin Frontier Co., Ltd., the Teijin group’s fibre-product converting company announced recently that it will participate in Interfiliere Shanghai, a leading international innerwear materials trade fair being held at Shanghai Exhibition Center on October 10 and 11. Teijin’s booth (1C03) will showcase elk®, a lightweight, durable and breathable material that serves as an excellent substitute for polyurethane in a range of cushioning applications. Teijin Frontier will introduce various elk® applications, including lingerie, sports brassieres and laminated sheets. Teijin’s elk® is environmentally friendly because it is flame-retardant and does not generate cyanogen gas when incinerated. By participating in Interfiliere Shanghai,...

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