Connect with us

Fashion

Indian industry seeks relief on polyester GST ahead of crucial meeting

Published

on

Indian industry seeks relief on polyester GST ahead of crucial meeting



The global textile and apparel industry is dominated by manmade fibre, but India’s textile and apparel sector is still dominated by cotton fibre due to the uneven tax structure on manmade fibre and its value chain. The Indian industry has repeatedly highlighted the inverted duty structure in the polyester value chain.

Ahead of the crucial GST Council meeting, the North India Textile Mills Association (NITMA) has demanded a uniform 5 per cent GST on polyester fibre, yarn, fabric, and garments. Following Prime Minister Narendra Modi’s announcement of rationalisation and rate cuts, the Council’s meeting scheduled for September 3–4, 2025, has become especially significant. NITMA raised the demand before Indian Finance Minister Nirmala Sitharaman, who chairs the Council.

North India Textile Mills Association (NITMA) has urged the GST Council to impose a uniform 5 per cent GST on polyester fibre, yarn, fabric, and garments to address the inverted duty structure.
Currently, polyester fibre attracts 18 per cent, yarn 12 per cent, and fabrics/garments 5 per cent GST.
NITMA warned that the imbalance threatens spinning viability, risking shutdowns and job losses.

Sidharth Khanna, president of NITMA, said in a letter: “Unlike the cotton value chain—which benefits from a uniform 5 per cent GST across all stages—the MMF segment continues to suffer from disparate tax rates that distort input-output parity and undermine domestic manufacturing viability.” He pointed out that polyester staple fibre (virgin and recycled) is taxed at 18 per cent, polyester staple yarn attracts 12 per cent GST, while manmade fabrics and garments priced up to ₹1,000 are taxed at 5 per cent GST.

Khanna added that taxing yarn at 5 per cent while fibre remains at 18 per cent creates a distortion that renders spinning operations financially unsustainable. If left uncorrected, this imbalance could trigger widespread unit shutdowns and large-scale job losses across the country.

“This is a defining moment for India’s textile sector. Correcting the inverted duty structure will not only neutralise the impact of US tariffs but also unlock growth, investment, and resilience across the MMF value chain—turning challenge into opportunity. There should be a rationalised GST rate of 5 per cent across all stages of the polyester value chain,” he emphasised.

Fibre2Fashion News Desk (KUL)



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

IED announces €1.5 million in new scholarships for 250 students

Published

on

IED announces €1.5 million in new scholarships for 250 students


Translated by

Nazia BIBI KEENOO

Published



September 2, 2025

The European Institute of Design (IED) has expanded its scholarship program with a last-minute initiative that offers 250 students a grant covering 50% of first-year tuition for three-year courses. Candidates must apply by September 22. This new €1.5 million investment complements the €3 million already distributed through IED’s regular scholarship cycles earlier this year.

Francesco Gori, CEO of IED Group

“Italy has the highest percentage of non-graduates in Europe — 40%, compared to the 20–25% average in other countries. We’ve seen that countries with fewer graduates often experience slower growth,” said Francesco Gori, CEO of the IED Group, during the project’s press presentation. “Over the past ten years, about one million Italians aged 18 to 20 have gone abroad — mostly to study — and many haven’t returned. With this initiative, we aim to provide more young people with the opportunity to stay and study in Italy. IED offers a wide range of English-language courses, and 70% of our students are international. In recent years, we’ve also seen more Italian students showing interest in studying in English.”

The scholarships apply to IED campuses in Milan, Rome, Turin, Florence, Cagliari, and the Aldo Galli Academy in Como. They are open to both Italian and international students who wish to pursue programs in Design, Fashion, Visual Arts, Communication, and the new Cinema course launching in October.

The jury, composed of course directors and faculty, will award scholarships based on the order of application submission. Each candidate must also complete an admissions interview that evaluates their motivation and readiness to engage in a hands-on academic program with mandatory workshop hours.

Riccardo Balbo, IED Group Chief Academic Officer
Riccardo Balbo, IED Group Chief Academic Officer

“Beyond increasing the country’s graduate rate, our mission is to help students build skills like lateral thinking and soft skills — essential today even in fields outside traditional creativity, such as consulting, finance, law, and engineering,” said Riccardo Balbo, Chief Academic Officer of the IED Group.

In addition to its campuses in Italy, IED operates in Spain — with locations in Barcelona, Bilbao, and Madrid — and in Brazil, with sites in Rio de Janeiro and São Paulo. Each year, IED educates around 10,000 students from 103 countries, reinforcing its position as an international hub for creative education.

This article is an automatic translation.
Click here to read the original article.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Turkiye’s apparel exports slide 7% to $9.4 bn in Jan-July 2025

Published

on

Turkiye’s apparel exports slide 7% to .4 bn in Jan-July 2025





To read the full story, become a PRIME member today.


PRIME

Unlimited Access to
Insightful Industry Information


All Corporate Members and TexPro Subscribers are eligible to access F2F PRIME CONTENT using the same login credentials.













Source link

Continue Reading

Fashion

Proenza Schouler names Diotima’s Rachel Scott as new creative director

Published

on

Proenza Schouler names Diotima’s Rachel Scott as new creative director


Published



September 2, 2025

Proenza Schouler has appointed Rachel Scott, the founder and designer of Diotima, as its new creative director, the New York house announced on Tuesday, a decision that is sure to be well-received.

Rachel Scott – Photographed by Brianna Capozzi, courtesy of Proenza Schouler

Scott’s inaugural presentation as creative director for Proenza Schouler will debut in February 2026 with the Fall/Winter 2026 collection, marking a new chapter for the brand.

Scott actually joined Proenza Schouler as a consultant earlier this year, working closely with the design studio to shape the brand’s creative evolution. The Spring/Summer 2026 collection, developed through this collaborative partnership, “serves as an opening statement and an intimate preview of her perspective, one that will continue to unfold in the seasons ahead,” the Manhattan marque added.

Long recognized as a brand synonymous with craft and New American luxury, Proenza Schouler will enter a new chapter with Scott at the helm. Rachel brings a global design perspective, vast technical knowledge, and a distinctive new voice that aligns seamlessly with Proenza Schouler’s brand DNA, the brand underlined.

“As one of the most celebrated design talents of today, Rachel brings a fresh and female perspective to a brand built on the spirit of the modern American woman. Her profound understanding of Proenza Schouler’s brand codes, paired with her exceptional ability to marry craft with innovation, made her the natural choice to lead the brand forward,” said Proenza Schouler CEO Shira Suveyke Snyder in a release.

Scott succeeds the Proenza Schouler founding partners Lazaro Hernandez and Jack McCollough, who quit the house after two decades this year to move to Paris and become the joint creative directors of Loewe, taking over from Jonathan Anderson after he left to become the creative director of sister LVMH brand Dior.

“It is with great excitement that I join Proenza Schouler, a brand at the heart of American fashion, and one I have long admired. I hold deep respect for the beauty and world Jack and Lazaro so brilliantly crafted, and I look forward to bringing my perspective in dialogue with their legacy. I am grateful to Shira for her trust, and I am honored to step into this role to envision the next chapter of Proenza Schouler,” Scott enthused.

Scott, a 41-year-old designer, was born in Jamaica and is often said to approach fashion via language – blending in elements of French existentialism and post-structuralism. In a 16-year career, she has worked in Milan, with a stint at Costume National, and in New York, where she founded Diotima in 2021. She has since gone on to win considerable critical acclaim and a certain cult status for her adventurous collections.

“When we left Proenza Schouler last January, we knew the story would go on, but not yet who would write the next chapter. Rachel is someone whose work we have always admired. Her trajectory over the last few years has been impressive to watch. As founders and board members of the company, we are proud to welcome her to this very special brand and excited to see how she will embrace and evolve the legacy and spirit of what we started,” said Hernandez and McCollough in the press release.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending