The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC) has urged the Union minister of commerce and industry Suresh Prabhu for inclusion of yarns and fabrics segment under Rebate of State Levies (RoSL) scheme. In their representation, the council has also requested for 6 per cent RoSL rate to be considered for rebate of yarns and fabrics exports. The state taxes and duties are neither included in the ambit of GST nor rebated, said SRTEPC adding that these charges embedded especi

Courtesy: Loepfe Superbtex, Indonesia-based expert in the manufacturing and exporting of ring spinning yarn, has selected Loepfe’s YarnMaster ZENIT+ machine. Loepfe, headquartered in Switzerland, is a leading company and a specialist for integral quality control systems. Fifty per cent of the world-wide staple fibre yarn production is monitored by Loepfe yarn clearers. When spinning polyester, yarn clearers are used in most cases only to eliminate process related yarn faults, to monitor hai

Kingpins Amsterdam show 2018 is set to focus on the future of the denim industry, featuring collections from the latest Spring/Summer 2020 season. The show for denim and sportswear fabric mills, will be held on October 24 and 25, 2018. The Kingpins Transformers summit for the members of the denim supply chain will also be held on October 23, 2018. The Kingpins Transformers: Innovation is a summit that will feature members of the denim supply chain that are disrupting and rewriting the rules

ast Retailing and Daifuku have decided to partner to establish comprehensive logistics services over the medium to long term. The two have signed an agreement to form a strategic partnership in this connection. They will work toward business expansion for both companies over the longer term, and the provision of a sustained and stable logistics function. The Fast Retailing Group and Daifuku, a global leader in material handling systems, established a solid relationship of mutual trust throug

Courtesy: Asket Menswear brand Asket has progressed significantly in tracing the entire supply chain. Asket's 'Full Traceability' standard requires the brand to break down every garment into its raw material, trace each component to its origin and put that information - the entire supply chain - into every single garment. This new standard was introduced just 5 months ago. Asket's tracing work is at full speed and 2/3rd of its supply chain has been uncovered. Now the Swedish brand is making

Textile Raw Material Price 2018-10-11 Item Price Unit Fluctuation Date Crude Oil WTI 73.17 USD/Barrel -2.39% 2018/10/11 PX 1350 USD/Ton 1.89% 2018/10/11 Crude Oil Brent 83.09 USD/Barrel -2.25% 2018/10/11 PTA Buy 8000 RMB/Ton 1.59% 2018/10/11 PTA Sell 1040 USD/Ton 0% 2018/10/11 MEG Buy 7460 RMB/Ton -0.73% 2018/10/11 MEG Sell 902 USD/Ton 0% 2018/10/11 CPL Buy

The first Responsible Wool Standard (RWS) certified products have hit the market while more will make their way to shelves very soon as the commitment to the RWS from across the textile industry grows, according to Textile Exchange. The RWS is a voluntary global standard that addresses the welfare of sheep and of the land on which they graze. Since its release in June 2016, adoption of the standard has been steadily increasing across key wool growing and processing countries. There are now R

Courtesy: OnPoint Manufacturing Gerber Technology, which delivers industry-leading software for apparel and industrial customers, is set to launch the FashionTech Platform 1.0. The platform includes software, equipment, and consulting to set up a purchase-activated fashion model with a digitally integrated ecommerce and on-demand design to print, cut, and sew micro-factory operation. The first FashionTech Platform 1.0 installation will be implemented in partnership with OnPoint Manufacturin

More than 200 textile weaving units will be set up in the newly developed Bardoli-II Industrial Estate in Miyawadi village of Bardoli zone of Surat district in Gujarat, according to top officials of the Gujarat Industrial Development Corporation (GIDC). Several micro, small, and medium enterprises (MSMEs) will make investments to the tune of 200 crore there. The estate is 48 km from Surat, India’s biggest man-made fabric manufacturing hub. The weaving units will install power looms, jacq

Representatives from India’s Export Promotion Council for Handicrafts (EPCH) met the country’s commerce secretary Anup Wadhawan recently to discuss issues faced by exporters to Iran, especially due to due to sanctions imposed by the United States. The problems include difficulties in claiming duty drawback and goods and services tax (GST) refund. According to EPCH executive director Rakesh Kumar, banks are refusing to accept shipping documents presented by exporters shipping to Iran for clear