INDIA & BEYOND
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India, Australia ink MoU to boost cooperation in
textile, apparel sectors
A Memorandum of Understanding
(MoU) between Ministry of Textiles,
India and Department of Foreign
Affairs and Trade, Australia has
been approved by the Union Cabinet,
chaired by Prime Minister Narendra
Modi, to facilitate cooperation in
relation to matters within the textile
and fashion sectors that may be of
mutual interest and benefit to the
participants.
The participants will jointly identify
appropriate measures to connect
the Australian and Indian textile
and fashion sectors; promote
collaboration and international
engagement between those sectors;
nurture the skills and talents within
those sectors; promote economic
opportunities and encourage
professional engagement, training,
skill development and public
exhibition of products derived from
these sectors in the two countries.
However, Intellectual Property Rights
of either side will stand protected.
The weavers, including ancillary
workers, will be benefited from these
activities which will be done under
the MoU. For overall development of
the handloom sector, the initiative
aims to increase the handloom fabric
production by way of establishing
market linkages, to encourage
innovation in designs and techniques
for improvement in design capability,
diversification of product lines and
value addition, better access to
domestic and export markets, so that
Commerce Minister discusses
Mid-term Review of FTP
India's Commerce and Industry
Minister Nirmala Sitharaman
chaired Board of Trade (BoT)
meeting to consult the industry on
Mid-term Review of Foreign Trade
Policy in New Delhi. Addressing the
meeting, she said the Government is
fully seized to address the concerns
of the exporters and is engaged
in intensive inter-departmental
consultations with Department of
Revenue and Ministry of Finance on
their concerns related to GST.
She directed the officers of
the Department of Commerce,
Department of Revenue and
DGFT to consider all the issues
appropriately for the Mid-Term
Review of the Foreign Trade
Policy (FTP).
The meeting was attended
by the representatives of
Department of Revenue, Ministry
of Civil Aviation and other
Ministries/Departments.
Caption: Commerce and Industry Minister
Nirmala Sitharaman
Industry, Industry Associations,
Export Promotion Councils
and Commodity Boards. The
official side was represented by
Secretary-Commerce, Secretary-
DIPP, Secretary-Pharmaceuticals,
DGFT and senior officers from
DGFT, Department of Commerce,
Ministry of External Affairs,
54 Apparel Online India | JULY 1-15, 2017 | www.apparelresources.com
At the outset, the Commerce
Secretary Rita Teaotia welcomed
the delegates to the BoT and
mentioned that the export
scenario has shown positive
growth during the last 6 months
as a result of several initiatives
taken by the Department
of Commerce.
DGFT A.K. Bhalla made a detailed
presentation explaining the
present trade scenario, existing
export promotion schemes,
efforts made by the Department
of Commerce to address various
issues of exporters with regard to
GST and consultation with various
stakeholders including exporters
and industry association.
weavers are able to get continuous
employment and improve their
living standards.
India imposes
anti-dumping
duty on sewing
machine needles
from China
The Union Finance Ministry of
India has imposed definitive anti-
dumping duty for a period of five
years on sewing machine needles’
import from China. The decision
was taken after recommendations
from the Designated Authority in
Commerce Ministry.
The move has come after ltek
Beissel Ltd. filed a petition
seeking a sunset review
investigation into the imports of
sewing machine needles used
for domestic purposes from
China. These needles are used
for sewing of woven garments,
knit garments, embroidery and
leather. They are also used widely
in furnishings, doll-making, book
sewing and vehicle seat covers.