NCM Newsletter 29 April 2023
37th Year of Publication View online

Editor: GD Jasuja

TOP STORIES

EU Textile and Clothing Industry in Q4 2022
April 27, 2023 - Texman
Clothing activity recovered in Q4 2022, while performances in the textile industry weakened. In March 2023, confidence worsened in the entire value chain, suggesting that economic activity in the T&C…
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Bangladesh Bank Reducing Borrowings from Export Development Fund
April 26, 2023 - Texman
No loans from taka fund if EDF export proceeds not repatriated, exporters told Bangladesh Bank has been reducing borrowing from the Export Development Fund (EDF) to boost reserves. The bank…
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Amnesty Scheme for Default in Export Obligation
April 24, 2023 - Texman
The DGFT has notified the one-time amnesty scheme in Foreign Trade Policy 2023 vide Public Notice No.2/2023 dated 1.4.2023 for defaulters of export obligation under the Advance Authorisation and EPCG…
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DGFT Notifies 32 New HS codes for Technical Textiles Items
April 24, 2023 - Texman
The Directorate General of Foreign Trade (DGFT) has notified total 32 New HSN Codes for Technical Textiles falling under Chapter 39, 54, 55, 56, 59, 60, 62, 63, and 68…
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Soluble Paste of Eucalyptus for Producing cellulose-based fibers
April 24, 2023 - Texman
The global market for textile fibers, despite being currently dominated by synthetic fibers, has revealed sustainability problems, however, natural fibers (e.g. cotton) are not a valid alternative, as they would…
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Exempt cotton from 11% import duty, says SIMA
April 19, 2023 - Texman
Coimbatore 18th April 2023 SIMA appeals Finance Minister to exempt cotton from 11% import duty to tide over the crisis The Indian Textile industry is predominantly cotton based as it…
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SIMA hails Tamilnadu Textile Policy Note 2023-24
April 13, 2023 - Texman
Tamilnadu Textile Policy Note 2023-24 Coimbatore 12.4.2023 Tamilnadu textiles and clothing industry that accounts 1/3rd of the textile business of the country is one of the largest textile manufacturing hubs…
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Time for Polyester Spun and Filament Yarn Quality Control Orders Extended
April 1, 2023 - Texman
SIMA welcomes extension of Time for Polyester Spun and Filament Yarn Quality Control Orders Coimbatore 1st April 2023  The Ministry of Chemicals and Fertilizers had issued Quality Control Orders mandating…
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Textile Body Applauds the Foreign Trade Policy 2015-20 Extension
March 31, 2023 - Texman
Coimbatore: 31.3.2023 FTP 2023 to foster Indian exports and make India a stronger economy – SIMA The Foreign Trade Policy 2015-20 got extended till 31st March 2023 owing to prolonged…
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“Cellulose Fibre Innovation of the Year 2023” Award Winners
March 30, 2023 - Texman
Bacteria-Based Cellulose Fibre NullarborTM (“No Trees“) Wins “Cellulose Fibre Innovation of the Year 2023” Award Against Strong Competition The collaboration between Nanollose (AU) and Birla Cellulose (IN) with tree-free lyocell…
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