Rita Menon news and archive

Rita Menon optimistic about industry

Rita Menon will hand over the regime of textile secretary to her successor as she vacates the place by December 31. But before making an exit, she has plans for improving the textile industry, especially at a time when the industry is witnessing the most difficult year. Expressing her views on the failure of restructured TUF scheme this time...

Apparel

Textile secretary hints at removal of excise duty

The Indian garment industry is fighting with many continuous road-blocks at the moment. And first to hit the industry hard was the implementation of 10 per cent excise duty on branded apparels, followed by signs of another economic slowdown affecting export orders, low consumer buying and increase in raw material prices proved to be the final...

Apparel

Menon hopes for excise roll back

Textiles Secretary Rita Menon hopes the 10 per cent excise duty on branded garments which has been a bug bear for the industry for the past few months, will be rolled back in the next budget. That’s what will happen. A letter will be written to the Finance Ministry by the end of July 2011 to seek roll back of the duty. She felt the duty was a...

Apparel

Textiles ministry seeks duty rollback

The Union textiles ministry is seeking a rollback of the 10 percent excise duty on branded apparels, after all major retailers such as Shoppers Stop, Pantaloons, Westside, Lifestyle, Madura Garments and Arvind Brands among others observed a token strike on March 7. These retailers along with others across India shut down their establishments for...

Fashion

Tex-Trends 2011: New Delhi hosts Asia’s biggest fair

From today, New Delhi is hosting ‘Tex-Trends 2011’, a fair that is touted as Asia’s biggest sourcing window on Indian textiles. The three day fair that is being hosted for the first time in India is showcasing a wide range of items like yarn, garments and accessories. Top global brands are visiting the fair from February 2 to 4, 2011, which is...