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Retail garment traders protest against hike in VAT and entry tax

Related Keywords: against hike in VAT, Bihar Garment Manufacturer and Retailer Association, entry tax on garments, imposing excessive tax, inclusion of saris and textile fabrics, increase corruption, increase revenue, join protest, lead to reduced sale, procurement of garments from other states, readymade garments stores, Retail garment traders

Most retail garments shops in commercial hubs such as Khetan Market, Hathuwa Market, Patna Market and others were closed on Thursday and readymade garments stores also joined the protest on Friday against a recent hike in value added tax (VAT) and entry tax on garments and several food items.

The owners protested against inclusion of saris and textile fabrics under VAT, and entry tax on procurement of garments from other states.

Almeda Textile plans to boost revenue by 50pc to $30mn a year by 2018

Related Keywords: Almeda Textile, biggest textile manufacturing, creating a Hub for excellence in the textile field, Hennes and Mauitz AB, increase revenue, plans to upgrade factory equipment, sells clothes to Swedish fashion chain, training staff

Almeda Textile is the biggest textile manufacturing company in Ethiopia plans to upgrade factory equipment and training staff to increase revenue by 50 percent to $30 million a year by 2018. It sells clothes to Swedish fashion chain Hennes & Mauritz AB.

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