Imagine a situation where a single authority – Textiles committee – under the Union Textile Ministry is made the notifying, certifying and enforcing body for issuing quality control orders (QCO) for import of certain categories of Man–made fibres (MMFs) in the manufacturing process of the domestic industry. If that happens, it will be a big […]
India’s goods exports are falling while service exports are performing well. This has helped reduce the overall trade. Deficit among merchandise exports ready-made garments is among those which have registered a decline in November 2023. Over the preceding month. Sluggish global demand is attributed for the decline. It is not therefore surprising that all textile […]
There is an Economic Co-operation Trade Agreement (ECTA) or a Free Trade Agreement (FTA) with Australia. That allows duty free imports among others of three lakh bales of cotton annually. But with exporters demanding three to five centres per pound premium on supplies of this fibre the benefits of FTA have been lost, affecting global […]
How is the raw materials scenario in the Country? This question has cropped up as we often hear complaints voiced by several sectors of the industry about shortage of key inputs or their prices. The textiles and clothing sector is no exception. In the case of the textile sector, the question is very relevant. A […]
Imports of International cotton brands from the USA and Egypt help improve domestic availability pull the spinning sector out of its current crisis situation and do not affect the farming community, spinners maintain. Why, therefore, permission to import these varieties without the 11.5 percent duty is not forthcoming from the Union Government, question spinners. What […]
Indian textiles and garments have a big scope in the UK market, if the much awaited Free Trade Agreement is signed between the two countries. Twelfth round of talks have been completed and the FTA looks like a distinct possibility, though no data has been fixed for formally signing the deal. Some of the Indian […]
The textiles and clothing industry is on the throes of a major crisis. This development is rather unprecedented, adversely affecting the micro, small and medium enterprises in Tamil Nadu. There are about 20,000 garment units in and around Tirupur District in the State. There is underutilization of capacity due to drying up of orders from […]
Already reeling under the impact of the steep increase in the import duty on cotton (11 percent) the textile and clothing industry is confronted with a very serious problem – importing man-made fibres and yarns made almost impossible with stringent quality control orders (QCOs). Not only that, a certificate from the Bureau of Indian Standards […]
The Central Government, in its wisdom has slapped a 11 percent import duty on cotton. The fact, however, remains that it does not protect anyone. Rather it has harmed the textile industry. The masure will only add to its costs and reduce profitability. Industry leaders have been demanding exemption of the duty to allow imports […]
The India-European Union talks are on signing a Broad-Based Trade and Investment Agreement (BTIA) what has, however, lent more weight to the negotiations is the reassuring words from German Chancellor Olaf Scholz, ahead of his visit to India along with a business delegation. He said he and Indian Prime Minister Modi were committed to finalising […]
