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Piyush Goyal to meet Export Promotion Council leaders today

New Delhi [India], August 19 (ANI): Keeping USD 400 billion export target in mind, Union Commerce and Industry Minister Piyush Goyal will meet Export Promotion Council leaders in Mumbai on Thursday. ....

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Powerloom Council appeals to Centre to suspend GST on fabrics for three months

Powerloom Council appeals to Centre to suspend GST on fabrics for three months
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

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Factory reset: Production slumps in the powerloom hub of Bhiwandi

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Tamil Nadu textile firms seek govt help to tap man-made fibre clothing segment

Tamil Nadu textile firms seek govt help to tap man-made fibre clothing segment
The industry wants the Standing Committee on Labour to recommend removing anti-dumping duty and also slotting the entire MMF value chain under 5 per cent GST rate, among other things
Joe C Mathew | January 20, 2021 | Updated 04:51 IST
The textile manufacturers of Tamil Nadu have called for conducive government policies to make India a major player in man-made fibre (MMF) textiles and clothing products globally. They sought certain tweaks in the soon to be implemented labour laws and permission for liberal import of MMF yarn by removing anti-dumping duty on MMF raw materials. ....

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Anti-dumping duty on viscose yarn proposed

Move follows plea from local makers
The designated authority under the Ministry of Commerce and Industry has recommended the levy of anti-dumping duty on viscose spun yarn imported from China, Vietnam and Indonesia.
The Indian Manmade Yarn Manufacturers Association had sought the levy as import of viscose yarn from these countries was hurting domestic manufacturers. After an investigation, the Directorate General of Trade Remedies has recommended the move.
According to industry sources, if anti-dumping duty were levied on viscose yarn, domestic yarn manufacturers would benefit. However, it would impact weavers and garment producers as domestic viscose yarn prices were already ruling high. The government should remove the anti-dumping duty on viscose fibre for the entire value chain to benefit, they said. ....

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