Woven fabric exports were down 4 per cent both in terms of shipment and value and 11 per cent in May 2017. Shipments aggregated 361 million sq meters during the month valued at US$268 million or INR1,700 crore. Total domestic production in all sectors was at 5,335 million sqmotres during May, implying exports accounting for about 7 per cent for the month. Unit value realization averaged US$0.74 per sqmetre in May 2017, the same as in May 2016 but down Rs 2 in Rupee terms at INR 47.30 per sq. metre. This May 141 countries imported woven fabrics from India, with Bangladesh being the largest importer, followed by UAE and Sri Lanka. The thee together accounted for 35 per cent of total woven fabrics during the month. In May 2017, 11 countries did not import any fabric from India as they did last year. However, they were replaced by 18 countries which imported fabric worth US$4.6 million this May. Afghanistan, Hungary, Suriname, Lithuania, Malta, Denmark, Austria, Maldives, Nepal and Estonia were the 10 fastest growing markets for woven fabrics, and accounted for 3 per cent of total value exported in May. Cotton Fabrics Dominates Woven fabrics made of 100% cotton…
Mr. Vinod Chotani, MD of Sudha Mills India Pvt. Ltd. GST is new buzz word for India but in the world it is following from many years. GST is efficient Tax system where different substitute taxes demolishes and only one single TAX is imposed that is Goods & Service Tax. GST will make our system more transparent and strengthen our economy. In the system of this tax, Our PM Mr. Narendra Modi had given assurance of getting the input credit money within 7 to 10 days. 2- Mr. Shiv Kanodia, Ex- Hon General Secretary, Bharat Merchant Chamber GST is something new, as a association GST has a diversified view. Every Association has their different point of view. Textile Industry is very complex as far as its diversity is concern. So some people are against GST as we Indian not adopt change easily, but it’s gradually effective in future. GST close down Multi Window Taxation, it must came much before. Textile Industry needs to be organized and adopt changes which ultimate outcome is our nation progress is our progress. 3- Mr. Manish Kumar, MD of Shree Mahavir Textiles GST is good but there are some drawbacks of GST, like we deliver…
MMF traders starts indefinite strike opposing GST : Business losses of more than Rs.1000 crore Country's largest Man-Made Fabric (MMF) production centre, Surat is come to a grinding halt as over 70,000 textile traders has started indefinite strike against the Goods and Servives tax (GST) regime. Earlier in June, Textile GST Sangarsh Samiti (TGSS) has demanded exemption from GST and had kept total 4 days of strike. But when central government has not given any relief and refused their demand, the samiti has called indefinite strike from July 3. The entire textile industries including weaving, processing, trading is adversely affected and incurred business losses to the tune of over Rs. 1000 crore in total week period. Powerloom weavers and textile traders are unhappy with higher tax rates of 18 per cent on yarn and 5 per cent on fabrics under GST regime. On monday(3rd July) morning, the situation at the textile markets on Ring Road was tensed as large numbers of traders gathered to protest against GST. Some group of people and police were enforcing the traders to open their shops and when they refused, police resorted to lathicharge. After the police action, traders shouted slogans against local leaders and…
· In 3 weeks 3 big shows in Surat ie. Garfab ,SITEX 2016, SITME 2016. Textile and Garment technology fair, displayed machines are Embroidery, high speed weaving, digital textile, processing, yarn predatory machine, spare parts etc category. · Embroidery patch work and Lace in demand in sarees. Surat traders got orders from Punjab, Delhi, Rajasthan, Haryana. Not good wedding season, for summer season soft / pastel colours in demand. 60gms soft polyester, georgette, shiffon, net fabrics, dyed, printed fabrics, Printed, sibori, tie and tie is in demand. Sarees with pastle colour & dark colour blouse in demand which is selling at Rs. 500/700 to Rs. 1500/2000. Surat traders are not working without catalog, as retailer asking for 12- 16 set of catalog. · Central government reduced custom duty from 5% to 2.5 %. So imported fibers, Fabrics will be in demand, importing fabric and exporting garments / made ups will be highly beneficial to exporters. But this will affect domestic fiber, yarn and fabric manufacturer/ suppliers. · Central government levied duties on synthetic fibers. But who makes the PSF & PFY through waste plastics, they are also into radar. If company takes CEN VAT then its 12.5 % excise duty…
TUFS Central government declared new TUFS policy in which notification is about remaining TUFS subsidy funds. But this notification is not clear to many of the industry people. Embroidery machines subsidy is not clear, surat industry planning many big investment in embroidery segment, they are not very happy. Surat’s weaving , embroidery, processing segments have more than 1000 cases pending from 2-3 years. Surat industry have made one committee by chamber, for subsidy, data will be collected and will be presented in front of textile commissioner. Central Government declared 17822 crore of fund ( 12671 crore for old cases and 5151 crore for new cases). But with previous UID number and subsidy there is no clarification given. New UID number will be generated or not, which segment how many subsidy requested, cases pending etc. all will be discussed with the textile commissioner. A-TUFS capital subsidy reduced to 10-15 %, here they have given limitation for investment. PROMISSORY NOTE To reduce the cheating and bankruptcy of Surat grey fabric manufacture, weavers association decided to start the Promissory note. Promissory note means a letter prepared during fabric sales. In surat, past years many cheating cases have been seen, last year more than…
Panipat majorly make Blankets. Winter season market production started, 25% price hiked due to large demand. Blanket peak season is from Oct to January ( Production Side) , after that weavers make garments from same machine. Handloom weaved Blankets now not only woven by Powerloom, but also with modern automated machine & Circular knitting machines. By Circular knitting ; polar blanket, mink blanket, fleece blanket are made. Government supply for Military, Railway, hospitals higher quality wool used, for which selling price is Rs. 400/ Kg. For regular, polar blanket polyester, viscose yarn sells at Rs. 175 / Kg. Few manufacturer import used, rugged sweaters, blanket from other countries, they cut the fabric, make a regenerated fibers from it, which can be converted to shoddy blanket which is cheap and inferior in quality, this blanket sells at Rs. 100 / Kg. 
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