Welcoming the Union government’s decision to increase basic customs duty to 20 per cent on 328 textile items, the Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the issue of rising garment imports from Bangladesh remains an area of concern for the industry. India gives full exemption of basic customs duty for Bangladesh. The Government of India has doubled import duty on 328 textile products to 20 per cent from the earlier 10 per cent under Section 159 of the Cus

About 97 per cent of the estimated 365 lakh bales (170 kg each) of cotton crop for the 2017-18 season has arrived in the market by July-end, the Cotton Association of India (CAI) has said in its latest estimate of India’s cotton situation. The CAI has kept its estimate for the current season beginning October 1, 2017 unchanged from previous two estimates. The CAI has, however, revised the state-wise crop estimate for the North Zone compared to the estimate made during the last month, based on

Directorate General of Anti-dumping and Allied Duties (DGAD), the investigation arm of the ministry of finance, Government of India, has in its final findings recommended imposition of anti-dumping duty on import of nylon multi-filament yarn (classifiable within Chapter 54 under customs subheading no. 5402) from Vietnam and the European Union. “Having initiated and conducted an investigation into dumping, injury and the causal link thereof in terms of the Anti-Dumping Rules and having establi

A series of fringe programmes and some new features will inspire the visitors to the Intertextile Shanghai Home Textiles, to be held during August 27-30 in Shanghai. Given the growing demand for textile solutions for architecture, interior design and the hotel industry, the fair will highlight leading contract upholstery suppliers with distinctive labels. In addition, the show will feature a showcase area with quality contract upholstery from exhibitors. The area will be decorated by inter

The Indian government’s decision to increase the basic customs duty on 328 textile products has come at a right time and would certainly boost the ‘Make in India’ initiative of the Government of India, the Confederation of Indian Textile Industry (CITI) has said. The decision has added immense confidence to the industry, and help generate employment. The government has understood the “gravity of the situation and immediately addressed the issue by doubling the import duty on textile products

Eastman Machine Company and ExactFlat, a provider of 3D to 2D digital patterning software, have announced a collaboration to increase the efficiency of preparing and cutting patterns with digitally printed graphics. Eastman is a cutting machine manufacturer, providing custom engineered solutions and innovative technologies for a variety of industries. ExactFlat 3D to 2D digital patterning software is the leading tool set for creating flat patterns with graphics perfectly aligned. Once 2D p

To provide a boost to manufacturing, the Government of India has doubled import duty on 328 textile products to 20 per cent from the earlier 10 per cent. This is in addition to the 50 textile products on which the government had doubled import duty last month. The increased duty is expected to give an edge to domestic manufacturers and create jobs. A notification tabled by minister of state for finance Pon Radhakrishnan in the Lok Sabha said it seeks to “increase Customs duty on 328 tariff li

The share of Bangladesh in the global apparel export market was 6.46 per cent in 2017, according to the latest statistics by the World Trade Organisation (WTO). The figure was 6.36 per cent in 2016. Annual exports of Bangladeshi apparel products rose by 2 per cent to $ 29.33 billion in 2017 from $28.22 billion in 2016, says the World Trade Statistical Review 2018. Bangladesh retained its rank as the third largest global exporter of clothing, followed by China and the European Union (EU), a

Kenya recently launched the National AGOA Strategy and Action Plan 2018 -23, which aims to double its 2016 export value to the United States of $552 million to $1,105 million by 2023. Apart from strengthening bilateral trade, the strategy will contribute to Kenya’s Big Four agenda of manufacturing, universal healthcare, affordable housing and food security. The African Growth Opportunity Act (AGOA) and the generalized system of preferences (GSP) offer preferential access to the US market f

Mobile phone-focussed marketing will influence seven out of 10 fashion accessory purchases in India in 2022, creating a $110 billion sales opportunity by then, according to a recent report by Facebook and KPMG. Higher use of mobile phones in the media mix can help create about $14 billion worth of potential revenue for fashion brands by 2022, it said. Marketing initiatives driven via the mobile platform are likely to influence two in three apparel purchases, amounting to $66 billion opport