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Indian Government approves 100% FDI under automatic route in marketplace model of e-commerce

Marketplace e-commerce is the place where company only provides platform for buyer and seller to connect. The decision will help domestic players in attracting more FDI, while also opening doors for foreign e-tailers to easily set shop in India. However, FDI is not permitted in inventory based model of e-commerce. Marketplace may provide support services […]
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Impact from G20 Summit on PTA plant operation

On May 11th, 2016, the Housing and Urban-Rural Development Hall of Zhejiang Province issued documents regarding shutdown of manufacturers in and nearby Hangzhou where the G20 Summit will be held during Sep 4-5. According to the documents, Zhejiang Province is divided into three areas: core area, strict-control area and control area. Manufacturers are required to […]
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Fiber Updates

1) PSF producers in few markets of China raised offers. PTA futures market was adjusted in a small range, and the overall polyester market was under strong correction as a result there was increase in PSF offers by around 50-100 Yuan/ton.  2) VSF prices remained firm. VSF producers generally stuck to their fresh offers, while […]
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Fancy Yarn Innovation

Fancy yarns have been essential components of modern fashion and have been gaining more reputation in the clothing sector, especially denim, and in furnishing and draperies. Demand for intricate fabrics with distinguishing characteristics is growing, winning larger shares of the textile market. Marzoli has been the 1st manufacturer to introduce a fully integrated fancy
TBW reports

Duty Drawback Rates Increased to Boost Export

Government has recently raised the duty refund rates on a readymade garments such as certain MMF yarn/ fabric (chp 54, 55), readymade garment made of cotton, wool & cotton with lycra (chp 61, 62), made-ups of cotton/ MMF (chp 63), hand tools (chp 82), etc. in order to promote exports. These revised rates are based […]
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Garment Updates

Bangladesh produced cotton meets only 2-3 per cent of the domestic garment industry’s demand. Bangladesh produced 0.16 million bale fiber cotton in 2016-17 fiscal. To meet the growing demand of the garment industry, government has to spend around $4.5 billion a year to import cotton. India’s garment exports are expected to register a 15-18 per […]