Home / Knowledge / News / Textiles / Cotton trading resumes in Karnataka
Cotton trading resumes in Karnataka
14
Nov '11
Cotton trading has resumed in the south Indian State of Karnataka, as the Karnataka Chamber of Commerce and Industry (KCC&I) and the Karnataka Cotton Traders' Association (KCTA) have withdrawn their strike.

The two organizations have called-off their strike following an assurance from the State government to address the issues raised by the two bodies.

Earlier on November 10, the two organizations had given a call to suspend cotton trading demanding simplification of the process of refunding the VAT collected on purchase of cotton. The two organizations had also demanded reduction of VAT on buying of cotton from the present 5 percent to 2 percent and decrease in the levy of additional cess from the present 1.5 percent to 1 percent.

The State government has sought a month's time to resolve the issues raised by the two organizations. KCC&I has, however, said that the organization would again agitate if the demands are not met by December 10, 2011.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X