Pakistan’s ministry of textile industry has announced the long-awaited Textile Policy 2014-19, which sets annual exports target of US$ 26 billion by 2019. “The annual exports target of $26 billion by 2019 is ambitious but ...
Tags: Textile Policy, Textile
China has introduced a nationwide tax refund policy for the first time to encourage spending by more overseas tourists.But a closer look at the plan suggests that the country has a lot more to do to achieve this goal, according to ...
Tags: tax refund policy
In its pre-budget memorandum, the Tirupur Exporters’ Association (TEA) among many demands has asked for extension of rupee export credit at 3 per cent interest rate subvention, import of specialty fabric using export performance ...
With the implementation of the Developing Country (DC) Preferences by the Australian Government from 1 January 2015, garments made in Fiji now have improved access to the Australian market. The DC Preferences replaces the earlier South ...
Tags: raw materials, textile, clothing, footwear industry, Apparel
Indian synthetic fibre and yarn producers have urged the Union Ministry of Finance to abolish excise duty of 12 per cent levied on the industry and bring it at par with the cotton fibre and yarn sector. “This will help the growth of ...
Tags: cotton fibre, yarn sector, Textile
The textile industry of the Southern Indian state of Tamil Nadu aspires to climb up the textile value chain and realise its true potential for which it is depending upon the central government, said an official of a trade body. D Prabhu, ...
The new government, under Prime Minister, Narendra Modi has laid emphasis on an economic vision based on increasing production, export and generating employment. Particular attention will be given to generate productive employment ...
The European Parliament has completed the last stage in the process to grant the Philippines Generalised System of Preferences Plus (GSP+) that will provide duty free entry to the EU for some of the most important Philippine exports, ...
Textiles has the lion’s share in India’s exports from labour intensive sectors, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S), Kolkata, under the Ministry of Industry and ...
Tags: Labour Intensive, textile sector
Bangladesh Prime Minister Sheikh Hasina has requested buyers to raise the prices of readymade garments (RMG) so that RMG workers could lead a more comfortable life. The Prime Minister said this while inaugurating the first-ever ...
Tags: readymade garments, Apparel
A free trade agreement between South Korea and China could knock down Taiwanese textile exports to China to the tune of US $324 million per annum. According to the Taiwan Textile Federation (TTF), through the FTA, 85 per cent of South ...
Tags: textile exports, free trade, Textile
Israeli apparel designer and marketer, Bagir Group said it has entered in to a deal to purchase a 50 per cent stake in Ethiopian clothing factory, Nazareth Garments. The deal which was negotiated for $1.5 million is subject to several ...
Tags: Ethiopian Garment, Apparel
Macadamia nut product producer Patons Macadamia has launched its own range of Macadamia Milk under the Suncoast Gold brand. The Macadamia Milk comes in two flavours: Original and Unsweetened. The Suncoast Gold brand also has a range of ...
Tags: Suncoast Gold, Macadamia Milk
New Zealand and the Republic of Korea have entered into a free trade agreement, which will provide the former's wine producers tariff-free access into South Korean wine industry. The agreement is expected to boost New Zealand's export ...
For the second fiscal quarter ending September 30, 2014, net profit shot up 60%, while sales climbed 17%, both growths coming from a year ago periods, at Shoppers Stop Ltd (SSL). SSL reported a gross retail turnover of Rs. 942.76 crore ...