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Karnataka textile policy modified to strengthen textile and garment units

Related Keywords: attract investment, ETP and interest subsidy, handloom and power loom, Karnataka state, mega projects, modification in Javali Neethi, push geographical distribution, spinning, strengthen textile value chain activities, Technical textile, textile and garment units, Textile parks, textile policy, weaving

Karnataka comparing with the policies of Maharashtra and Gujarat has made some modification in its Javali Neethi (Textile Policy) 2013-18 with an aim to not only strengthen its textile value chain activities but also to spur technical textiles and go for an aggressive push for geographical distribution of textile and garment units.

The State is encouraging investments in almost all the sub-sectors of textile in the form of Textile Parks, Mega Projects, Integrated units and MSME units.

Sales to Asian markets help Ciel Textile achieve 27pc rise in profit

Related Keywords: bottoms, CIEL Textile, dyeing and retail, dyeing and retail 8 business units: knitwear, eight business units, expansion in Asia, internationalisation of operations, knits, Knitwear, major strategic focus, Mauritian clothing manufacturer, rise sales to Asian markets, shirs, spinning, weaving

Mauritian clothing manufacturer Ciel Textile has reported a 27% rise in full-year pretax profit to 827.20 million rupees ($23.31 million), thanks to its expansion in Asia which have helped rise sales to Asian markets Internationalisation of operations and expansion in Asia remain the major strategic focus of the group, the company said.

The supplier of knitwear to Britain's Marks & Spencer and Next and Spain's Inditex reported revenue for the year to June 30 of 10.11 billion rupees from 9.56 billion rupees a year ago. Market conditions in Europe and South Africa remain challenging.

Acceleration seen in Bangladeshi textile mills' machinery imports up 54pc

Related Keywords: acceleration in machinery imports, Bangladesh textile mills, Bangladesh Textile Mills Association, dyeing and finishing, expanding production capacity, garment factories, investment in primary textile sector, spinning, weaving

Bangladesh has witnessed acceleration in machinery imports as entrepreneurs set up 26 textile mills in spinning, weaving, dyeing and finishing last fiscal year. According to data from Bangladesh Textile Mills Association, last fiscal year, $445.7 million worth of capital machinery was imported by the textile sector.

Capital machinery imports by the primary textile sector increased about 54 percent year-on-year in fiscal 2014-15 on the back of higher demand for raw materials from garment exporters. A BTMA certification is required for importing machinery for the textile sector.

Textile Sector Skill Council to produce skilled and efficient workers

Related Keywords: affiliated with the council, inputs from industry, knitting and processing, spinning, standardized training syllabus, supported by Union Government, Textile Sector Skill Council, to take part in training project, weaving

The Textile Sector Skill Council supported by the Union Government has standardized the training syllabus for 56 jobs in spinning, weaving, knitting and processing. The syllabus has been prepared with inputs from the industry and it will be reviewed every year.

Skill training to be provided for people working in textile sectors in Haryana

Related Keywords: block printing, by Technical Education department, dyeing, embroidery, Garments, handloom and carpet, knitting, persons working in textile sector in Haryana, scheme implemented in seven districts, skill training, spinning, training in weaving, under ISDS

Skill training to be provided for as many as 20,000 persons working in the textiles sector in Haryana by the Technical Education Department during 2015-16 and 2016-17 financial years under the Integrated Skill Development Scheme (ISDS).

This scheme will be implemented in seven districts of Panipat, Bhiwani, Hisar, Faridabad, Gurgaon, Ambala and Rohtak.

The skill training would be provided through empanelled training providers in the sectors of weaving, spinning, knitting, garments, dyeing, block printing, embroidery, handloom and carpet, an official release said here today.

Bangladesh exporters yearn for cut in tax at source on export earnings and cash incentives

Related Keywords: Bangladesh exporter, BJMA, BTMA, cash incentives, continue special income tax rate, cut down or waive off, dying, for primary textile sectors, higher licence fees, National Board of Revenue, printing and finishing mills, spinning, tax at source on export earnings, weaving

Bangladesh exporters yearn for tax at source on export earnings and tax on cash incentives to be waived or cut down in the budget for fiscal year 2015-16 to make it uniform for all exporters, as it is not a profit of the exporters.

The exporters, textile mills, jute and plastic sectors proposed to the National Board of Revenue (NBR) to cut tax at source on export to 0.30 per cent from existing 0.60 per cent.

Currently, apparel exporters are enjoying 0.30 percent tax rates on export bill while others are paying 0.60 per cent

Ethiopian textile sector turning into priority area for investment

Related Keywords: ample manufacturing opportunities, Bangladesh of Africa, Ethiopian textile industry, Growth and Transformation Plan, largest manufacturing industry, lion share of employment, priority areas for investment, production of textile and garments, spinning, weaving and finishing of textiles

The textile industry is the largest manufacturing industry in Ethiopia. There are a number of state-owned and private textile and garment factories. The industry contributes the lion-share of employment in the manufacturing sub-sector. Ethiopia is rightly christened as the ‘Bangladesh of Africa’.

Under the Growth and Transformation Plan, “production of textile and garments” besides leather products, cement industry, metal and engineering, chemical, pharmaceuticals and agro-processing are priority areas for investment.

Nigerian market best destination to exploit potential for Pakistani exporters

Related Keywords: custom clearance, Display centre, exchange of trade delegation, huge potential, Lieutenant General Agha M Umer Farooq, Nigerian market, Pakistani Ambassador to Nigeria, Pakistani exporters, PRGMEA, readymade garments, spinning, strengthen trade and investment relation, textile products, traditional and western wear

Nigerian market has huge potential for Pakistani exporters, textile products, spinning, pharmaceuticals and agricultural machinery, readymade garments traditional and western wear, said newly designated Pakistani Ambassador to Nigeria Lieutenant General Agha M Umer Farooq (Retd) during his recent visit to Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA).

Pakistani businessmen need to avail the opportunities in these areas in general and readymade garments in particular which consisting 50 percent Muslims population.

Central give approval of Rs 20 crore funds under ISDS for Haryana

Related Keywords: approval of funds, dyeing, for implementation, Handlooms, in Haryana, introduced in seven district, sector of garments, spinning, Textiles related courses, training cost, under ISDS, Union Ministry of Textile, weaving

The Union Ministry of Textiles has given approval of Rs 20 crore funds under Integrated Skill Development Scheme (ISDS) for implementation in addition to existing ones for generating more employment for the youth in Haryana. This information was give by Education Minister Ram Bilas Sharma during the ongoing budget session of Haryana Assembly.

Sharma stated that under the scheme 75 percent of the training cost would be provided by the Ministry of Textiles and the remaining would be contributed by the State.

Philippine textile industry on the rise with the help of PTRI new technology

Related Keywords: different business plan, dyeing, fully integrated textile mill, knitting, mills renovated, natural fiber, niche market, Philippine textile industry, produced and exported garments, PTRI new technology, spinning, under quota system, weaving

Philippine textile industry at its peak had huge, fully integrated textile mills that did everything –spinning, weaving, knitting, dyeing. It produced and exported garments under a system that used quotas. But problems came into the textile industry with the advent of cheap textile imports, the abuse of the quota system (entities with no mills had quotas allowing them to bring in raw materials, real mills had none) and with low prices combined with high wages, there was a general shutdown.

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