The rate changes on goods and services tax (GST) on 178 items recommended at the 23rd meeting of the GST Council held on the November 10 became effective from November 15. The tax on these items has been reduced from 28 to 18 per cent. 

Sweden is seeking a collaborative project with the Aditya Birla Group in smart textiles to increase bilateral trade, Swedish minister for enterprises and innovation and rural affairs Sven-Erik Bucht said in Mumbai recently. If the talks succeed, a joint venture between Swedish firm Domsjo and the Birlas along with the two governments will be signed, he said. 

Textile Sector Skill Council (TSC) of Confederation of Indian Textile Industry (CITI) has bagged Champion Skill Council award under the category of Champions of change under National Skill Development Corporation ecosystem (Short term skill development) at National Entrepreneurship Award (NEA) 2017. TSC develops a skilled work force for the textile industry.

Textile industry should invest in technology, especially post spinning technology, to grow further, said Sanjay Jayavarthanavelu, Chairman and Managing Director of Lakshmi Machine Works, here on Friday.

In a development that might prove to be disastrous for the knitwear, garment and textile industry of Ludhiana, which alone has a turnover of Rs 15,000 crore per year and accounts for 95% of total hosiery production in India, the Union government’s move to cut down the duty drawback incentive on export of readymade garments from 7.7% to 2% from October 1 seems to have backfired. 

The new Mexican Standard NMX-A-3758-INNTEX-2014 “Textile – Code of Generation of Caring Labels with the Use of Symbols” has come into force on October 15, 2017. The new standard supersedes NMX-A-240-INNTEX-2009, and has been prepared, approved and published by the National Organisation for Standardisation, Instituto Nacional de Normalización Textil (INNTEX).