Industry

Union Minister Supports ITF’s Textile And Apparel Growth Plans

July 11, 2024

The Indian Texpreneurs Federation (ITF) recently met with Union Textile Minister, Giriraj Singh, to present a comprehensive report on the ‘Opportunities and Challenges for the Indian Textile and Apparel Sector.’ The meeting focused on strategies to harness the China Plus One

Industry

T&A Sector’s Wish-list From The Upcoming Budget

July 10, 2024

Highlights of the industry recommendations:  Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]

Industry

Schützen Named Top 5 Finalist In Sustainable Textiles Innovation

July 7, 2024

The International Sustainable Chemistry Collaborative Centre (ISC3) has announced the finalists for its 5th Innovation Challenge in Sustainable Chemistry and Textiles, with Schützen Chemical Group from India making it to the list of top 5 global finalists. Selected from a competitive field of global applicants, these finalists represent cutting-edge innovations driving

Industry

Pakistan: Textile Exporters Oppose Tax Regime Shift, Cite Export Disruption

June 25, 2024

Value-added textile exporters have vehemently opposed the proposed transition from the one percent turnover-based Final Tax Regime (FTR) to standard taxation at 29 percent of taxable profit. They argue that such a move, if implemented through the Finance Bill 2024, would severely harm exports and exacerbate the trade deficit, putting undue pressure on foreign exchange […]

Industry

GMDC Begins First-Ever Monsoon Lignite Supply To Surat Textile Mills

June 25, 2024

For the first time, the Gujarat Mineral Development Corporation (GMDC) has begun supplying lignite to 400 textile mills in Surat during the monsoon season. Previously, GMDC’s lignite mines would shut down during the monsoon, forcing mills to import lignite from abroad, primarily Indonesia, at prices two to three times higher than domestic rates. Jitendar Vakhariya, […]

Industry

Nigeria’s Textile Industry Struggles Amid Revival Efforts And Rising Imports

June 25, 2024

Nigeria’s textile industry faces severe challenges, despite revival efforts and protection policies. Once a robust sector with 180 mills and over one million workers, the industry has dwindled to just five operational mills and less than 2,000 workers. Contributing factors include large-scale smuggling, inconsistent government policies, power shortages, and high funding

Industry

CAIT Mumbai Proposes GST Reforms Ahead Of 53rd Council Meeting

June 21, 2024

Aiming at advancing the growth and efficiency of India’s GST system, the Confederation of All India Traders (CAIT), Mumbai Unit, has submitted a detailed proposal to the Hon’ble Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, ahead of its 53rd GST Council meeting scheduled for June 22, 2024. Dilip Maheshwari, President of CAIT Mumbai, […]

Industry

Lesotho Textile Industry Faces Job Losses, Prioritizes Ethical Standards

June 19, 2024

Lesotho’s textile and apparel industry has faced a stark decline, shedding nearly 16,000 jobs from March 2018 to March 2024, as highlighted during a workshop convened by the Lesotho National Development Corporation (LNDC). Puseletso Makhakhe, LNDC’s Corporate Investment and Trade Promotion General Manager, outlined the sector’s challenges, citing reduced

Industry

President Museveni And UMA Officials Strategize To Boost Uganda’s Textile Industry

June 19, 2024

President Yoweri Kaguta Museveni convened a crucial meeting at State House, Entebbe, with representatives from the Uganda Manufacturers Association (UMA) to chart a course for revitalizing Uganda’s textile sector—a pivotal driver of economic growth in the country. In his address to UMA officials, President Museveni underscored the imperative of strengthening and

Industry

Shimmy Technologies Trains 10,000th Worker, Unveils New Expansion Plans

June 19, 2024

Shimmy Technologies, a leader in industrial education technology, proudly announces a significant milestone: the successful training of its 10,000th worker. Leveraging a cutting-edge blended learning model, Shimmy combines gamification, AI, and traditional machine training to reimagine workforce development. This approach optimizes training costs and time, meeting the