News Tags

Related Keywords: Apparel Export Promotion Council, Apparel exports, clothing, Garment Exporters, garment producers, raw material prices, Textile, yarn exports

Apparel exports, which were almost stagnant for the last couple of years, is expected to do better. It will give the garment producers cushion against increasing raw material prices. A. Sakthivel, vice chairman of the Council said that, “However, buyers will ask for cut in rates even for existing orders, and we might not get the full benefit.”

Related Keywords: apparel, Cutting and Sewing machines, Embroidery Machines, Fabrics & accessories, fashion designers, garment and textile manufacturing, Garment Exporters, garment manufacturers, Gartex 2018, home textile, needles, textile printing companies, threads

India’s leading trade show completely dedicated to garmenting and textile manufacturing solutions and technologies, Gartex is the most comprehensive trade show. With the immense success of last two editions, MEX Exhibitions Pvt. Ltd. is back with its third edition of Gartex, scheduled from 18-20 August 2018. This time, the show will be held at a much larger scale over 100,000 Sq. Ft. of exhibit area, wherein more than 150 companies will display around 300 brands related to the theme in the 4 halls of Pragati Maidan.

Related Keywords: AEPC, Autumn/Winter season, fashion show, Garment Exporters, half of Indian states, inaugurated the IIGF fair, India International Garment Fair, Minister of state for textiles, overseas garment buyers, participating in the fair, players in Apparel and Fashion Accessories, three day international fair

The 60th edition of India International Garment Fair (IIGF), the three day international fair which is a big platform bringing together overseas garment buyers and garment exporters, with almost half of Indian states participating in the fair was inaugurated today by Minister of State for Textiles, Shri Ajay Tamta, at Pragati Maidan, New Delhi.

Related Keywords: Bangladesh Garment Manufacturers and Exporters Association, Bangladeshi taka, corporate tax in Bangladesh, Garment Exporters, garment imports in Europe, garment makers in Bangladesh, garment sector of Bangladesh, garments exports from Bangadesh to Europe, tax for textile industry, textile sector

In order to help exporters upgrade factories and boost investments, government of Bangladesh is set to revive the option of reduced corporate tax rate for the garment sector.

From fiscal year 2005-06 till 2013-14, the sector paid corporate tax at a reduced rate of 10 percent.

However, this provision was expired on 1st July, 2014 and the government did not extend it again, meaning the sector paid tax at the 35 percent rate in fiscal 2014-15.

Related Keywords: AEPC, authorization, change key operational mechanisms, duty exemption schemes, earn duty credits, export process, exported goods, Garment Exporters, inspection and classification norms, MEIS, proof to claim benefits, simplify new foreign trade policy, textiles ministry, withdraw need for landing certificate

The Apparel Export Promotion Council (AEPC) has urged the textiles ministry to simplify the new foreign trade policy’s authorization, inspection and classification norms. Among their requests is to withdraw the need for a landing certificate for exported goods, required as proof to claim benefits under the Merchandise Exports from India Scheme (MEIS). Introduced in April 2015, the scheme aims to boost sagging exports, covering tariff lines for 5,012 items that earn duty credits.

Related Keywords: fabric importers, fabrics industry, Garment Exporters, garment industry, garment manufacturers, global fashion, global textile industry, International Textile Fair, ITF 2015, textile exhibition

National award winning textile exhibitors, global fashion authorities, revered academic institutions, exclusive keynote speakers, and the world’s leading corpus on sustainable fashion - assembled under one roof, can only signify one thing: ITF. The two-day event has long been hailed as the Middle East’s premier textile fair; and rightly so.

Related Keywords: Bangladesh, China, European Union, Garment Exporters, GSP plus, labour law, Pakistan, readymade garment industry, wage rate, zero duty access

EU being the largest market for Indian textile exports, Indian garment exporters have to face tough competition from neighbouring countries for export of readymade garments mainly due to zero duty access to European Union (EU) available to Bangladesh and inclusion of Pakistan in GSP plus by the EU. Apart from this, difference in wage rates, labour laws etc.