Akshar Spintex makes waves with ₹1.71 billion order and analyst endorsement
Akshar Spintex has secured an international order worth ₹1.71 billion.
Textile Industry
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Sanathan Textiles files DRHP with SEBI to raise ₹1300 cr via IPO
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.
FM-chaired GST Council defers hike in GST on textiles from 5% to 12%
The GST rate hike on textiles from 5 per cent to 12 per cent was to come into effect from January 1.
Increase in GST on textiles likely to be held down during Council meet
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.
Cabinet approves PM-MITRA scheme of ₹4,445 crores to boost Textile Industry
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.
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