Category: Domestic

Arrival of cotton delayed due to rains

Cotton spot prices are expected to break the prolonged-bearish price trend in Northern markets where the arrival of fresh cotton is set to be delayed due to recent rains in Punjab, Haryana and Rajasthan. Arrival of fresh crop is expected to be delayed due to rain that has drenched the North-Eastern States. Arrival of raw cotton has begun in the last week in markets in Southern Haryana, signaling onset of fresh cotton season in North. The cotton arrival peaks by end of September in North, almost two-ahead of other zones in India, as harvesting scales in Punjab, Haryana and...

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FIEO organises session on GST & FTP in Varanasi

Carpet and apparel sectors are feeling the stress, especially because of the GST levy on job work, which translates into a higher tax incidence. This was stated by Ganesh Kumar Gupta, President, while addressing a Seminar on “Implication of GST & Foreign Trade Policy” organised by Federation of Indian Export Organisations (FIEO), a premier export promotion organization jointly with Exim Bank of India, Eastern UP Exporters Association (EUPEA) & State Bank of India. The FIEO Chief said that the event focuses on educating exporters of this extremely important Varanasi Region, which holds India’s thriving textile industry, on issues relating...

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KAU identifies plants for manufacturing textile dyes

Kerala, especially the Western Ghats region, is gifted with a wide array of plants for manufacturing natural textile dyes. Plant dyes were used for garment dyeing and wall paintings till the advent of synthetic dyes in the 16th century. Kerala Agricultural University (KAU) has identified 12 indigenous plants capable for manufacturing natural textile dyes; this will provide an organic option for dyeing cotton and silk textiles. The research conducted by the College of Agriculture (CoA), Vellayani, as part of the Western Ghat Development Programme (WGDP), has identified 12 indigenous plants. KAU Vice Chancellor P Rajendran said that the research...

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Grafica introduces world’s 1st Optical Screen Registration System

Grafica has introduced for the first time in the world, an ‘Optical Screen Registration System’ in direct-to-garment screen printing machine. With this system, it is now easy to set accurate registration in just 1 minute/ screen. With this system, garment printers can save lot of their operators’ productive time which usually spent to set up registration even on an automatic DTG screen printing machine. This System is available as an ‘Optional’ features in all Grafica machines. Even it can also be fitted on any Grafica’s existing textile screen printing machine without much modification. All Grafica customers and use it...

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Arvind Lifestyle CFO expresses disappointment with GST infrastructure

Apparel major Arvind Lifestyle Brands Executive Vice President & Chief Financial Officer S Kannan has expressed his disappointment with the Good and Services Tax (GST) filing infrastructure. “We are disappointed about the filing infrastructure. There is a need to watch out for filing documentation. We need to have a robust system in place,” he said. Kannan is a chartered accountant with more than 23 years’ experience of working both in an MNC and Indian company environment. He has played a strategic role to ensure profitable growth of various business units. He has spent seven years in a CFO role,...

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