textile industry
FDI in textiles doubled to $619 million in 2016-17
Textile exports during 2016-17 too rose to USD 36 billion from USD 23.9 billion in the previous financial year.
Powerloom owners oppose 5 per cent GST on fabric
Report says many of cloth making units have stockpile of unsold fabric as no one is buying them.
Textile industry protest against GST in Erode enters 5th day
Protestors, under the aegis of Erode Cloth Merchants Association, formed a human chain in an area where textile shops are located.
Indian businesses ill-prepared for GST transformation
Industries are on strike, others are facing an avalanche of paperwork, while some retailers remain confused.
Reduce GST on MMF & yarn from 18 to 12 pc; Textile industry
Even with 12 per cent GST rate on yarns, the additional cost would be Rs 1.3 lakh per loom per year.
Textile industry urges GST council to lower 18 per cent rate on garments
Textile industry requested the GST Council to reconsider this on an urgent basis and bring it under the 5 per cent slab.
Ind-Ra assigns stable outlook for cotton textiles in FY18
Steady input prices, healthy capacity utilisation and healthy domestic demand triggered the move.