by Gargi Dandegaonkar | Dec 22, 2022 | COTTON PRICE, Import/Export, In-Depth Analysis, News & Insights
Textile industry players are batting for removal of import duty on cotton and a stimulus from the government after being hit by a dip in demand due to the global financial crisis and the Ukraine war. The industry has been also affected by the rise in Indian raw cotton...
by Manali bhanushali | May 26, 2021 | Industry And Cluster, News & Insights
India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy struggling with a slew of localized lockdowns, people familiar with the matter said. The finance ministry is working on proposals to bolster the...
by Manali bhanushali | Feb 22, 2021 | Industry And Cluster, News & Insights
Due to The US polar storm, 90% of US polypropylene (PP) capacity and 67% of ethylene has been devastated along with other important products, sending ripples around global chemical markets prices soaring, said industry expert. More bad weather, forecast for later in...
by TEXTILE VALUE CHAIN | May 28, 2020 | Industry And Cluster, News & Insights
The GST Council, which is expected to meet next month, had slashed tax rates on 200 products including chocolates, toothpastes, shampoos, washing powders and shaving creams to 18% from 28% in November 2017. Industry executives said a further reduction is needed to...
by TEXTILE VALUE CHAIN | Aug 8, 2019 | Industry And Cluster, News & Insights
Industry execs said footfalls at dealerships have started to decline, suggesting weak consumer sentiment. Slumping vehicle sales and production cuts are generating a sense of crisis for automotive part producers and their carmaker customers in India. Around 1m jobs...
