 
                  
Akshar Spintex makes waves with ₹1.71 billion order and analyst endorsement
Akshar Spintex has secured an international order worth ₹1.71 billion.
Stay updated with the latest news and articles about Textile Industry.
 
                  
Akshar Spintex has secured an international order worth ₹1.71 billion.
 
                  
The textile company is one of the few companies in India with a presence across the polyester, cotton and technical textile sectors. As per market sources, the issue size will be in the range of Rs 1200-1300 crore.
 
                  
The GST rate hike on textiles from 5 per cent to 12 per cent was to come into effect from January 1.
 
                  
On the recommendation of the GST Council, the Central Board of Indirect Taxes and Customs is likely to increase the GST on textiles and footwear from 1st January 2022.
 
                  
In a media briefing to give updates on the decisions of the cabinet, it was stated that the government has approved the scheme to set up seven integrated textile parks in the country.
Showing 15 of 375,592 articles
