by TANVI_MUNJAL | Oct 31, 2023 | Events Updates, News & Insights
In a commendable move, the Directorate General of Foreign Trade (DGFT) has recently announced that 11 of its Regional Offices (RO) will be conducting Export Obligation Discharge Certificate (EODC) camps for two weeks, starting from the 13th of next month. This...
by DIGITAL MEDIA EXECUTIVE | May 25, 2023 | Fabrics & Processing
While the engineering industries are showing signs of recovery, the last five to six months have been difficult for the textile units in the region, particularly those in the Micro, Small and Medium-scale Enterprises. Due to the lack of yarn demand and the pressure on...
by DIGITAL MEDIA EXECUTIVE | May 10, 2023 | Finance & Economy
INSIGHTS A huge increase from the $2.35 billion surplus in Q1 2022, Vietnam’s trade surplus for the first quarter of 2023 was $6.35 billion. Twenty exports brought in more than $1 billion in commercial income in April, contributing $1.51 billion. Despite the...
by DIGITAL MEDIA EXECUTIVE | May 2, 2023 | Corporate Update
Gross revenue for the FY 22 -23 is INR 2715 cr against the FY 21-22 is INR 2438 cr The fabric division sees revenue growth of 25% of YoY. Bhilwara, 0 May 2023:: Sangam India Ltd. (SIL), one of the foremost producers of PV-dyed yarn and seamless apparel, announced Q4...
by DIGITAL MEDIA EXECUTIVE | Apr 29, 2023 | Import/Export
The Supreme Court confirmed on Friday that a “pre-import condition” that permitted exporters to claim credit for raw materials purchased prior to actually exporting the product must be fulfilled. It overturned the Gujarat High Court’s judgement that...
by DIGITAL MEDIA EXECUTIVE | Apr 27, 2023 | cotton industry
The entire textile value chain in Gujarat, India, is switching over to less expensive fibres like viscose and polyester as a result of the growing price of cotton. Though it won’t happen immediately, India’s officials are working hard to shift the...
by DIGITAL MEDIA EXECUTIVE | Apr 24, 2023 | Country Report
The Covid-19 outbreak exposed the weaknesses in our supply networks and the scarcity of necessary goods. It re-emphasized the necessity of the Atma Nirbhar Bharat initiative, and rightfully so.Awakening the ‘Make in India’ dream once more. But there is...
by DIGITAL MEDIA EXECUTIVE | Apr 5, 2023 | Trade Analysis
According to a senior official, current schemes or benefits offered to exporters are unlikely to be discontinued at this time. However, the new Foreign Trade Policy (FTP), which has no set expiration date, is expected to be continuously updated in response to...
by DIGITAL MEDIA EXECUTIVE | Apr 1, 2023 | Trade Analysis
Welcoming the New Foreign Trade Policy 2023, Shri Sunil Patwari, Chairman, TEXPROCIL said “The FTP 2023 provides continuity with a responsive framework and progressive, growth oriented and in the right direction”. One of the key highlights of the FTP 2023, Shri...
by DIGITAL MEDIA EXECUTIVE | Feb 27, 2023 | Garment
The state government of Rajasthan has stopped the business-to-business textile and ready-made garment show, which used to draw up to 500 customers annually from both local and foreign markets. As a result, Rajasthani garment exporters feel forgotten. It was one of the...
by DIGITAL MEDIA EXECUTIVE | Feb 21, 2023 | Corporate / SME, Industry View
The Merchandise exporters will have to cough up 18% Goods and Service Tax (GST) which are levied on services of transportation and goods. The same will be moving in a cash flow at a time when the exports are declining. There is a recommendation from the GST council...
by Manali bhanushali | May 28, 2021 | Industry And Cluster, News & Insights
The Textile Ministry is constantly working to resolve the crisis which is coming out of the frequent rise in yarn prices. Recently, the cotton prices internationally, have started to come down, thus it will also make Indian cotton prices to get gradually reduced said...
