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New Delhi   Procedure for second hand textile machinery imports to be simplified Mr. E V K S Elangovan Union Minister of State for Textiles said Central Government is working out modalities to simplify procedures for importing second hand textile machinery. Abolition of quota system in textile industry created a boom in the industry a...more by Textile Intelligence Tuesday, 21st February 2006View more news from [ New Delhi ] [ India ] Anti Dumping investigation against Chinse POY initiated The Designated Authority in the Commerce Ministry has initiated an anti-dumping investigation against import of polyester partially oriented yarn (POY) from China to determine the existence, degree and effect of alleged dumping of the subject goods origin...more by Textile Excellence Saturday, 14th January 2006View more news from [ New Delhi ] [ India ] Cabinet will discuss SAFTA today The Union Cabinet approves South Asian Free Trade Agreement (SAFTA), which is to come into effect from January 1, 2006 this will be held in a Cabinet meeting today, 29 December. The Cabinet may also take up the Hong Kong WTO ministerial declaration for th...more by Textile Intelligence Wednesday, 28th December 2005View more news from [ New Delhi ] [ India ] Govt proposes to set up Jute Technology Mission The Government admitted that there is a proposal to set up a jute Technology Mission (JTM). This will require an investment of Rs 355 crore. Regarding this, Union Textiles Minister of India Mr Shankar Singh Vaghela has informed Rajya Sabha, that the propo...more by Textile Excellence Thursday, 01st December 2005View more news from [ New Delhi ] [ India ] No withdrawal of Textiles Committee cess: Vaghela The Union Government is not in favour of withdrawing the Textile Committee cess as large amounts of cess are yet to be recovered, Shankarsinh Vaghela, Union Textiles Minister, said here on Wednesday. Addressing the annual Economic Editor's Conference or...more by Textile Excellence Thursday, 24th November 2005View more news from [ New Delhi ] [ India ] India: Government provides health cover to handloom workers Government has provided a diwali bonanza to around one million textile weavers and allied workers by launching a health insurance scheme....more by Textile Intelligence Saturday, 05th November 2005View more news from [ New Delhi ] [ India ] RBI allows banks to issue L/C for ECB by textile units To enhance the credit flow in the textile industry, the Reserve Bank of India has allowed the banks to issue bank guarantees or standby letters of credit, in respect of external commercial borrowing (ECB) raised by textile companies....more by Textile Excellence Sunday, 30th October 2005View more news from [ New Delhi ] [ India ] Textiles Ministry to set up 25 textile parks in two years The Union Cabinet has approved the Textile Ministry`s proposal to set up 25 textile parks in two years. According to sources, IL&FS would be the nodal agency, which would facilitate the whole course of action....more by Textile Excellence Tuesday, 18th October 2005View more news from [ New Delhi ] [ India ] Govt funding cleared for Textile sector During the April-September period this year, the Government of India cleared projects worth Rs 96,000 crore from power, steel, coal and textiles sector, an official spokesperson informed the media....more by Textile Excellence Monday, 17th October 2005View more news from [ New Delhi ] [ India ] JCI to carry out commercial trading of Jute The textiles ministry has allowed jute Corporation of India (JCI) for commercial buying and selling of the commodity....more by Textile Intelligence Thursday, 04th August 2005View more news from [ New Delhi ] [ India ] Govt set guidelines for the Scheme for Integrated Textile Parks Indian Govt. has set out the guidelines for the 'Scheme for Integrated textile parks (SITP)', aimed at establishing 25 new textile parks...more by Textile Intelligence Thursday, 04th August 2005View more news from [ New Delhi ] [ India ] Indian Govt to set up 25 Apparel Park Govt. of Textileintelligence.com/news/index.php?ns=India" target="_blank" title="Click to see all the articles,category wise, having the word 'India' in the Headlines or Body.">India has unveiled plans to set up 25 large Textile parks to boost exports and meet its targets. "The cabinet has approved the setting up of 25 integrated Textile parks...more by TextileIntelligence Monday, 25th July 2005View more news from [ New Delhi ] [ India ] India: Textile ministry to merge two key textile schemes to accelerate development The Ministry of Textiles is planning to merge two existing infrastructure development schemes viz., Textile Centres Infrastructure Development Scheme (TCIDS) and Apparel Parks for Export (APE) Scheme to enhance overall development of production facilities...more by Textile Intelligence Monday, 06th June 2005View more news from [ New Delhi ] [ India ] India: Exporters highlight their problems to Mr Vaghela The Textile Minister, Mr Shankarsinh Vaghela, on Wednesday, 25th May convened a meeting of textile Exporters and charimens of various textile export promotion councils, including cotton, apparel, carpet, jute and handicrafts, in order to get a grasp of th...more by Textile Intelligence Wednesday, 25th May 2005View more news from [ New Delhi ] [ India ] Mr Vaghela updates Rajya Sabha on Indian Textiles Exports performance Shri Shankersinh Vaghela, Minister of Textiles informed the Rajya Sabha on April 28th 2005 about Indian Textiles current performance globally and also its position vis- a- vis China post quota....more by Textile Intelligence Saturday, 30th April 2005View more news from [ New Delhi ] [ India ] India: Report on transition from DEPB to duty Drawback this week Government is willing to come up with a WTO compatible Duty Drawback scheme in regard to which the Minister of State for Commerce and Industry has informed the Rajya Sabha that a three member committee has been set up with Mr Saumitra Chaudhari as the Cha...more by Textile Intelligence Thursday, 21st April 2005View more news from [ New Delhi ] [ India ] India: Textile processing sector to get 10% capital subsidy with 5% interest subsidy Cabinet Committee on Economic Affairs has in a major decision provided the Processing sector 10 per cent capital subsidy and 5 per cent interest subsidy....more by Textile Intelligence Wednesday, 20th April 2005View more news from [ New Delhi ] [ India ] India: DGAD slaps antidumping duties on NBR imports from EU, Mexico & Brazil Directorate General of Andti Dumping has recommended an anti dumping duty on imports of acrylonitrile Butadiene Rubber(NBR) from EU except from Germany, Brazil and Mexico....more by Textile Intelligence Sunday, 10th April 2005View more news from [ New Delhi ] [ India ] INDIA: Maneka Gandhi calls for boycott of Australian wool Member of Parliament and animal rights activist Ms Maneka Gandhi has shot-off a letter to 250 Indian companies asking them to stop using Australian wool...more by Textile Intelligence Sunday, 06th February 2005View more news from [ New Delhi ] [ India ] India: Duty free import of textile R&D equipments up to 25 per cent of the F.O.B value ensured Similar to Pharmaceutical and biotechnology sectors Centre has decided to extend the scheme of duty free import of R& D equipments up to 25 per cent of the F.O.B. value of exports to the textiles industry...more by Textile Intelligence Wednesday, 19th January 2005View more news from [ New Delhi ] [ India ] EU and India agreed to boost trade in Textile and other areas India and the EU have agreed to find areas of common interest in the ongoing trade negotiations in the WTO and to work for the progress of the Doha Round. This was indicated during the bilateral discussions with visiting Trade Commissioner Peter Mandelso...more by TextileIntelligence Friday, 14th January 2005View more news from [ New Delhi ] [ India ] India: Tax Holiday under section 10B of Income Tax Act extended to units in DTA & converted to 100% EOU Commerce Ministry has clarified that factories set up in the Domestic Tariff Area (DTA) which later converted to 100 percent EOU would qualify for availing benefits under section 10 B of the Income Tax Act...more by TextileIntelligence Friday, 14th January 2005View more news from [ New Delhi ] [ India ] INDIA: Revised DEPB rates to boost textile exports post MFA In a major boost to the export efforts of the textile trade Post MFA, government has enhanced/revised the Duty-Entitlement Pass Book (DEPB) rates for textile products....more by Textile Excellence Friday, 31st December 2004View more news from [ New Delhi ] [ India ] India: Premkumar replaces Habibullah as the new Textiles Secretary In a recent administrative restructuring, IAS officer Mr. R. M. Premkumar......more by Textile Excellence Wednesday, 01st December 2004View more news from [ New Delhi ] [ India ] India: CCI to procure more crop to stabilise market price The Centre has asked the cotton Corporation of India (CCI) to undertake unlimited procurement of the crop......more by Textile Excellence Friday, 22nd October 2004View more news from [ New Delhi ] [ India ] India: Textile Ministry draws plans to make industry competitive The Ministry of Textiles has drawn a three-way strategy to help textile and clothing sector to face global competition...more by Textile Excellence Wednesday, 20th October 2004View more news from [ New Delhi ] [ India ] India: Govt mulls over ‘technology mission’ concept Citing ‘cotton production’ and ‘manufacture of textiles’ as the two areas of concern, the Cabinet Committee on Economic Affairs might soon introduce technology mission on cotton......more by Textile Excellence Thursday, 26th August 2004View more news from [ New Delhi ] [ India ] India: States in consultation to finalise VAT rates As the VAT regime would come into effect from April 1st 2005, State governments are in consultation to finalise VAT rates......more by Textile Excellence Saturday, 21st August 2004View more news from [ New Delhi ] [ India ] WTO emergency meet to tackle textile quota abolition issues The World Trade organisation (WTO) is likely to hold an emergency meeting of the Council for Trade in Goods (CTG), following the proposal of Mauritius for the adjustment of costs related to the quota abolition....more by Textile Excellence Tuesday, 10th August 2004View more news from [ New Delhi ] [ India ] Textile Sector may get Rs 4000 crore TUF aid for 2004-05 The Government of India has proposed to disburse Rs 4,000 crore to the textile sector under the Technology Upgradation Fund Scheme (TUFS) during 2004-2005...more by Textile Excellence Friday, 06th August 2004View more news from [ New Delhi ] [ India ] INDIA: South India to have the largest silk reeling facility To compensate for the huge import of silk from China, India is setting up its largest silk reeling facility in South India to produce international quality yarn...more by Textile Excellence Friday, 06th August 2004View more news from [ New Delhi ] [ India ] India: Finance Ministry clarifies confusion about the CENVAT issue With a view to do away with the confusion that was created from the choice offered to the textile industry to move in or out of the CENVAT, the government has recently made certain clarifications......more by Textile Excellence Tuesday, 20th July 2004View more news from [ New Delhi ] [ India ] India: Commerce ministry rejects EU’s offer of 30 percent additional quotas The new Commerce ministry has rejected EU’s offer to increase textile quotas......more by Textile Excellence Monday, 19th July 2004View more news from [ New Delhi ] [ India ] India: A new quota rule bans transfer of textile export quotas In a move to put an end to the misuse of textile quotas, the Union Minister for Textiles, Shri Shankersinh Vaghela has directed to stop sale of transfer of quotas of readymade garments......more by Textile Excellence Friday, 09th July 2004View more news from [ New Delhi ] [ India ] India: Highlights of the Budget 2004-05 To assist in better understanding of the proposals for the Indian textile sector, Textile Intelligence brings for its viewers, the Budget highlights......more by Textile Excellence Thursday, 08th July 2004View more news from [ New Delhi ] [ India ] Textile debt restructuring scheme to undergo modification The Textile Ministry sources have informed, the current debt-restructuring scheme has not performed up to the expectations, hence is expected to undergo modifications....more by Textile Excellence Saturday, 19th June 2004View more news from [ New Delhi ] [ India ] Govts’ duality on EU quota offer generates curiosity The government sources have denied out rightly rejecting the EU offer, particularly, if the exceptional facilities are extended to use the increased Quota in any of the categories of India’s choice....more by Textile Excellence Thursday, 01st April 2004View more news from [ New Delhi ] [ India ] TexMin proposes new textile legislation With a view to have access to authentic statistical information about all the textile sectors in the free trade regime, the Textile Ministry has proposed a new act called the Textile Act 2004......more by Textile Excellence Tuesday, 16th March 2004View more news from [ New Delhi ] [ India ] WTO Ruling On European Textile GSP by Wednesday The much awaited findings of the Appellate body of the World Trade Organisation on the panel ruling against the EUropean GSP is expected by wednesday March 10th 2004....more by Textile Excellence Tuesday, 09th March 2004View more news from [ New Delhi ] [ India ] No sales tax On silk sarees-Delhi High Court A division bench of Chief Justice, BC Patel and Justice BD Ahmed of Delhi High Court has ordered that Silk Sarees can not be subjected to sales tax...more by Textile Excellence Monday, 01st March 2004View more news from [ New Delhi ] [ India ] IDBI planning US$300 million ECB for textiles recast After the US$300 million external commercial borrowing (ECB) for the steel sector, it's now the turn of the textile sector....more by Textile Excellence Wednesday, 28th January 2004View more news from [ New Delhi ] [ India ] Additional 5% quota for RMG exporters Just days after the fixing the 10 percent annual quota level, the Ministry has opened additional five percent First-Come-First–Serve (FCFS) quota......more by Textile Excellence Monday, 19th January 2004View more news from [ New Delhi ] [ India ] India: ICMF urges for debt restructuring According to B K Krishnaraj Vanavarayar, the Chairman of Indian Cotton Mills’ Federation (ICMF), the association has approached the government for a Debt Restructuring Fund (DRP) for textile mills....more by Textile Excellence Saturday, 17th January 2004View more news from [ New Delhi ] [ India ] FinMin exempts yarns and fabrics from excise duties Government has now exempted in-house consumed yarns and fabrics from excise duty, which was overlooked in the recently passed mini budget....more by Textile Excellence Friday, 02nd January 2004View more news from [ New Delhi ] [ India ] EU To Challenge WTO Panel Ruling On GSP Scheme The latest reports reaching the textiles ministry indicated that Brussels would appeal against a World Trade Organisation panel's ruling in the European Union's Generalised System of Preferences (GSP) scheme......more by Textile Excellence Monday, 22nd December 2003View more news from [ New Delhi ] [ India ] Umbrella organization for textiles coming up! Thanks to the Reliance Industries’ initiative, the textile industry would now have an umbrella organization to deal with “conflicting” interests among various bodies and sub-groups......more by Textile Excellence Friday, 05th December 2003View more news from [ New Delhi ] [ India ] Ministry plans a debt restructuring fund for textiles Inaugurating the seventh Asian Textile Conference, the Minster of State for Textile Mr. GN Ramachandran said the government was considering creating a debt-restructuring fund for the textiles industry...more by Textile Excellence Tuesday, 02nd December 2003View more news from [ New Delhi ] [ India ] Tough conditions imposed for External Commercial Borrowings The Finance Ministry has tightened the external commercial borrowings (ECB) guidelines bid to control the inflow of foreign exchange and also prevent appreciation of rupee....more by Textle Excellence Thursday, 13th November 2003View more news from [ New Delhi ] [ India ] Additional textile quota to be released for US and EU At the request of the SRTEPC, the Government has released an additional quantity of 1.2 million Sq. metres under the FCFS Ready Goods system for...