Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. ...
Tags: FDI, Indian Textile Sector, textile
The value-added textile industry of Pakistan has opposed the imposition of two percent sales tax at each stage of the textile sector and five percent withholding tax. Last month, Pakistan’s Federal Board of Revenue (FBR) announced ...
Tags: textile industry, Pakistan, sales tax
The zero excise duty on cotton textiles at fibre, yarn, fabric and garment stages announced in the Union Budget 2013-14 will help reduce prices of end products, according to India Ratings & Research (IRR), a Fitch Group Company. The ...
Tags: cotton textiles, fibre, yarn, fabric, garment stages
Shri P. Chidambaram, Shri Manikam Ramaswami, Chairman, TEXPROCIL said “The Budget has addressed many of the issues faced by the textiles industry”. The Budget has restored the “Zero duty excise duty route” for cotton ...
Tags: Budget Positive, Growth Oriented, Texprocil, textiles industry
Indian textile and apparel manufacturers are expecting boost for the sector as Union Budget 2013-14 has opened new opportunities for investments in the domestic as well as international market with reduced excise duty on branded garments, ...
The Union Budget 2013-14 presented by the India’s Finance Minister P Chidambaram has brought cheer for the textile and garment industry as the Central Government has accepted their long standing demand for removal of excise duty on ...
Tags: India, Textile Sector, Garments
Confederation of Indian Textiles Industry (CITI) has welcomed the Central Budget 2013-14 presented by the Finance Minister, Shri P. Chidambaram in Parliament as a positive package for accelerating the recovery of the textiles industry. In a ...
Tags: CITI, Central Budget, Textile Sector
The performance of the Indian Textile Sector has improved considerably during last two decades The production of Spun-yarn, Man-made fibre and filament yarn increased from 2443 Mn Kg. in 1991-92 to 7069 Mn Kg. in 2011-12, whereas total ...
Tags: Performance, India, Textile Sector
Greenpeace hailed China’s commitment to clean up chemical pollution with a breakthrough chemical management plan that acknowledges for the first time the existence of ‘cancer villages’ and will blacklist 58 chemicals and ...
Tags: Greenpeace, chemical pollution, chemical management plan
In a bid to boost investment and creation of more employment opportunities in the textile sector of the state, the government of Western Indian state of Maharashtra is considering delinking of the state’s textile policy from the ...
Tags: textile sector, Textile Policy, Textile
Indian textile and garment industry is seeking relief inUnion Budget and is expecting exemption of customs duty on man-made fibre, removal of levy of excise duty on readymade garments, allocation of more fund for Technology Upgradation Fund ...
Tags: textile sector, textile, textile machineries
ACIMIT, the Association of Italian textile machinery manufacturers, will be present with its own booth at the upcoming Myanmar Fabric & Garment Industry Show (15-18 March). ACIMIT attendance at the show is justified by positive developments ...
The revival of textile factories in Wad Medani, the capital of the Al Jazirah state in east-central Sudan, is currently in progress and is likely to be completed by June 2013, Eng. Abdul Wahab Osman, the Minister of Industry has said. ...
Tags: textile factories, Sudan, Gametixt and Wad-Medani textile factories
Indian garment manufactures have signed a Memorandum of Understanding (MOU) with Mauritius exporters to strengthen the cooperation between the two countries in the field of fashion and textiles. The Clothing Manufacturers Association of ...
In a bid to aid the local textile industry facing fierce competition from low-cost imports, the Zimbabwean Government has approved a one-year rebate on import of a wide range of materials that domestic garment producers widely use as raw ...
Tags: Zimbabwe, Rebate, Textile Sector