Over 95% of textile growth in the last 15 years has come from the MMF segment: Filatex’s BhageriaThe CMD of the textile firm highlights the saturation being felt in the natural fibre segment in India over the past few years.
19 Aug, 2025, 03.29 PM IST
Budget 2023: Textile industry angles for changes in import-export leviesThe textile industry is hoping for a removal of the 11% import duty on cotton and cotton waste to remain competitive against Bangladesh, am...
19 Jan, 2023, 09.05 AM IST
GST Council defers rate hike on textiles. "Big relief" says industryAnimesh Saxena, President, Federation of Indian Micro & Small and Medium Enterprises (FISME), said the decision is a "big relief" to both M...
01 Jan, 2022, 11.37 AM IST
Uniform GST on MMF, yarn, fabric from January 1: Government“The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel that has addressed the in...
27 Dec, 2021, 06.11 PM IST
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
26 Nov, 2021, 10.13 AM IST
Uniform 12% GST rate for MMF textiles to reduce compliance burden: Govt“This will help the MMF segment grow and emerge as a big job provider in the country,” the textiles ministry said in a statement, adding th...
22 Nov, 2021, 07.26 PM IST
Finance Ministry notifies 12% GST rate on MMF, yarn, fabrics from January 1; corrects duty anomalyExperts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complicati...
21 Nov, 2021, 05.59 PM IST
Secretaries group suggests reduced manmade fibre imports, changes in duty to boost local production: Smrit IraniCiting the decision of the GST Council to allow input tax credit at MMF fabric stage, she said the committee had recommended the ministry t...
12 Dec, 2019, 04.48 PM IST
Man-made fibre imports hurting domestic textile industry: CITI chairman Sanjay JainCITI chairman Sanjay Jain said that there is an increase in imports of all the MMF products post GST.
14 Sep, 2019, 08.15 PM IST
Textile imports increase as duty cut bites after GSTPre-GST, import of textile products attracted basic customs duty (BCD) plus countervailing duty (CVD) and special additional duty (SAD).
05 Dec, 2017, 11.00 AM IST
Reduction GST for MMF yarn from 18% to 12%: SIMAThe industry is happy that the government has reduced GST on MMF filament yarn and MMF spun yarn including filament sewing thread GST rate ...
07 Oct, 2017, 01.13 PM IST
Textile industry welcomes government's move to keep low GST rates for natural fibres below Rs 1000CITI chairman J Thulasidharan complimented the government for keeping the rates at low level so that textile sector, especially cotton base...
04 Jun, 2017, 06.41 PM IST
Exhibition to showcase Indian textiles to be held in DubaiNineteen Indian manufacturing or exporting companies - representing product categories from yarn to fabrics, and made-ups, are participatin...
16 Feb, 2017, 10.51 AM IST
Synthetic fibre producers seek lower excise dutyIndia is the world's second largest producer of MMFs with presence of large plants having state-of-the art technology.
14 Nov, 2014, 04.34 PM IST
- Govt lines up national fibre policy to iron out rough edges
Endowed with natural fibres like cotton, wool, silk and jute and a strong man-made fibre base, India could soon have a National Fibre Polic...
17 Jun, 2009, 03.12 AM IST
- Moderate tax on man-made fibres
It is of course good if the government reduces the excise duty on man-made fibres (MMF) in the coming Budget as reported, but it would be b...
09 Jan, 2007, 01.14 AM IST
- Pour devil: Cotton's pain may be synthetic's gain
Gaining from someone else’s misery may not be something to boast about, but the synthetic yarn industry expects to multiply sales even as c...
16 Aug, 2006, 12.00 AM IST