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29 April 2010 |
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Withdrawal of Drawback on Cotton Yarn Exports |
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The Department of Revenue has issued a notification no.34/2010-Customs (N.T.) dated 29th April 2010 withdrawing drawback on grey and dyed cotton yarn.
......Details.... |
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21 April 2010 |
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Withdrawal of Drawback on Cotton Yarn Exports |
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Director General of Foreign Trade, Ministry of Commerce & Industry has issued a Public Notice No. 57/2009-2014 dated 21st April, 2010 withdrawing DEPB on cotton yarn exports.
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9 April 2010 |
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EARC-Memorandum |
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Procedural requirement for obtaining Export Authorization
Registration of cotton yarn with the Textile Commissioner, Mumbai,
or its designated Regional Offices prior to shipment in terms of
Notification No. 38/2009-14 dated 09.04.2010 of Directorate General of Foreign Trade, Ministry of Commerce and Industry, issued under the Foreign Trade Policy 2009-2014.
......Details.... |
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10 March 2010 |
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CITI’s participation in 14th Taipei Innovative Textile Applications Show (TITAS Fair) Taiwan - 13th to 15th October 2010 (Wednesday - Friday) |
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Confederation of Indian Textile Industry and Taiwan Textile Federation have signed an MOU providing for mutual co-operation between the two organisations including promotion of the events of CITI and TTF in each other's country. CITI participated in the TITAS 2008 and TITAS 2009 shows held in October 2008 and 2009 in Taipei and based on the feed back received from the participants, CITI proposes to participate in TITAS 2010 show and build an India Pavilion in the show. TITAS 2010 is scheduled for 13th –15th October, 2010 at Taipei World Trade Center (TWTC), Exhibition Hall in Taiwan.
The show will feature high added-value fibers, yarn, fabrics as well as apparel and accessories. Leaders from world textile-related companies and organisations will meet their local counterparts to explore further business possibilities. For the past several editions, the show has been renowned for featuring functional and fashionable aspects of high added-value yarns and fabrics, mostly from Taiwan and other Asian countries, latest functional and fashionable products and technologies.
Textile units from Japan, Mainland China, Thailand, Korea and Indonesia etc. are participating in the fair.
Delegation groups from various overseas countries are likely to visit the show.
BOOTH CHARGES FOR 2009
CITI has negotiated with TTF and obtained 10 Built up booths in the TITAS Fair 2010 completely free of charge.
Interested particpants are requested to send their application forms latest by 30th April 2010 to CITI. Applications for booking and allotment of stall will be considered on First Cum First Served (FCFS) basis.
Standard booth includes partitions, carpeting, fascia, spotlights, racks/shelves, cabinet, table, chairs, waste basket and free catalogue entry.
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8 March 2010 |
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ITMF Survey on production cost comparison-2010 |
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Dear Sirs,
We are compilating production cost data of Indian textiles sector for the 2010 edition of“International Production Cost Comparison” of International Textile Manufacturers Federation (ITMF) pertaining to Spinning/Texturing/Weaving/Knitting activities.
We need information as per attached questionnaire where indicative figures for the year 2008 have been included for reference purpose. You are requested to kindly fill up the questionnaire and send the same to CITI, New Delhi via post or e-mail mail@citiindia.com latest by 8th April 2010 so that we can process it further for inclusion in the report being produced by ITMF, Zurich.
Yours faithfully,
Ajay Kumar
Economist
Phone: +91-11-41519058
Email: ajay.kumar@citiindia.com
cc: Member Associations / Associate Members / Corporate Members
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1 March 2010 |
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Request for release of advertisement in special Issue of Textile Times along with North South Textile Summit |
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CITI is adding one more event this year to its increasing activities for promoting the textile and allied business of the country. The first North South Textile Summit (promoting linkages among developed and developing economies) is scheduled to be held on 19th and 20th May 2010 (Wednesday and Thursday ) in Hotel Trident, Mumbai. The two-day Summit will witness a mammoth gathering of senior industry players, delegates, speakers and experts from India and various Asian and other developing countries on the one side and developed countries like the USA, European Union and Japan on the other. Senior officials from government are also expected to address the Meet |
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14 October 2009 |
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Industry takes Cotton Grievances to the Textile Minister |
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New Delhi, October 14, 2009 - The industry has requested Textile Minister, Thiru Dayanidhi Maran to intervene in some of the serious issues affecting the entire cotton economy of the country. In a meeting chaired by Textile Minister today, Office-Bearers of Confederation of Indian Textile Industry (CITI), Southern India Mills’ Association (SIMA), Northern Indian Textile Mills Association (NITMA) Cotton Textiles Export Promotion Councils (Texprocil) and other industry representatives pointed out that the export incentive for raw cotton and the procedures adopted for disposal of procured cotton during cotton year 2008-09 played a major role in increasing cotton prices in the domestic market and making Indian cotton available to the competing countries at cheaper prices. |
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18 September 2009 |
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CITI ELECTS NEW OFFICE-BEARERS |
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September 19, 2009, New Delhi – The Committee of the Confederation of Indian Textile Industry (CITI) at its meeting held on September 18, 2009 unanimously elected Shri Shishir Jaipuria as Chairman, Shri S.V. Arumugam as Deputy Chairman and Shri Prem Malik as Vice Chairman of CITI for the year 2009-10. |
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27 August 2009 |
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Foreign Trade Policy Disappoints Textile Industry |
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The Foreign Trade Policy for 2009-2014 announced by the Minister for Commerce and Industry on August 27, 2009 is highly disappointing for the textile and clothing industry. In a statement issued here, Shri R. K. Dalmia, Chairman, Confederation of Indian Textile Industry has stated that during the run up to the announcement of the Policy, there have been several statements to the effect that the labour intensive sectors such as textile and clothing will be the focus of the policy. |
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6 July 2009 |
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CITI Welcomes Increase in TUFS Allocation |
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Reacting to the Central Budget presented in Parliament by Finance Minister, Shri Pranab Mukherjee on 6th July 2009, Shri R.K. Dalmia, Chairman, CITI has welcomed the substantial increase in allocation for Technology Upgradation Fund Scheme. The allocation has been increased from Rs.1090 crore last year to Rs.3140 crore this year. Because of inadequate budget allocation, there has been a backlog of more than one year in disbursements of TUFS assistance. Shri Dalmia stated that increase in budget provision would be able to remedy this situation substantially.
Reintroduction of 4% optional excise duty for cotton textile products is also a welcome step since this would allow textile companies to use cenvat credit on capital goods, dyes and chemicals, packing materials etc.
Shri Dalmia also welcomed extension of 2% interest subvention on export credit from September 2009 to March 2010 but added that the industry was expecting the subvention to be restored to the original rate of 4% which has not been done. Abolition of fringe benefit tax and commodity transaction tax are also welcome features of the Budget, Shri Dalmia added.
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