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New modified and simplified textile policy to be announced soon

Related Keywords: bring down cost of production, focus of export and domestic markets, generate employment, increase production, interest subvention, introduce more value added products, labour wages, new modified and simplified textile policy, penetrate into newer markets, productivity of textile sector, Rashmi Verma, relaxation in labour laws, tax incentives

The government to soon announce a new modified and simplified textile policy that aims at increasing the production and productivity of textile sector, generating more employment, bringing down the cost of production, penetrating into newer markets, and introducing more value added products and focusing both on exports and domestic markets , said Textiles Secretary Rashmi Verma.

Vietnam IZs remain unattractive to foreign investors even with big investment incentives

Related Keywords: garment factory, HCM City, IZ, tax incentives, unfavorable traffic conditions, Vietnam

Some IZs in HCM City located far from arterial traffic routes finding it hard to call for investments. According to latest report by Cushman & Wakefield, a real estate service provider, there are 18 operational IZs in HCM City, covering a total area of 3,625 hectares, 62 percent of which, or 2,260 hectares, is leasable.

According to an Asian investor instead of setting up a factory in Binh Thuan province decided to go to an IZ in Binh Phuoc province which gave very competitive offers.

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