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Home textile gets 5pc extension in DBK benefit

Related Keywords: bedsheets, boost entire supply chain, boost home textile segment, curtains, decorative cotton products, etc sector. relief for made ups exporters, extended five percent duty drawback benefit, government, made-ups, main markets, passing through a difficult phase, preferential tariff, products face duty disadvantage, the European Union, towels

Government to boost home textile segment has extended a five percent duty drawback benefit to the made-ups (including towels, bedsheets, curtains, decorative cotton products, etc) sector. This move has come as a big relief for made ups exporters passing through a difficult phase.

Government working toward improving status of Varanasi weavers

Related Keywords: 22 looms in Varanasi, Banarasi saree, changing fashion choice, fashion industry, FDCI, government, market Banarasi fabric, opulent Banarasi brocade, Textile Ministry, Varanasi weavers, youth consumer

The quintessential Banarasi saree is set for a makeover to fall in line with the changing fashion choices of today’s youth consumer. The opulent Banarasi brocade, which boasts of intricate gold and silver work on fine silk with embroidery, has caught the attention of the government and the fashion industry.

Fashion industry and govt are set to redefine the brocade, it will be seen in new designs, fabric construction and application in not just traditional wear but also Western clothing like trousers and jackets.

Bangladesh Bank likely to give similar facilities for pvt jute mills as state owned mills

Related Keywords: Bangaldesh private jute mills, Bangladesh Bank, BJMA, BJMC, financial assistance, fund constraint, government, jute goods, Ministry of Textiles and Jute, state owned jute mills

The Bangladeshi private jute millers are facing acute fund constraints due to decline in exports of jute goods. Under the Bangladesh Jute Mills Association, the mills have been demanding similar financial assistance from the government that is being given to the state-owned jute mills
to run their mills.

The Ministry for Textile and Jute recently urged the central bank to instruct the scheduled banks to implement the decision of the ministry's advisory committee on jute to give private mills equal facilities which the BJMC mills are now enjoying.

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