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Smart water initiative to support MMF sector by Surat civic body

Related Keywords: Bamroli, increasing capacity at forty million liters per day, new facility will supply additionally forty MLD water, smart water initiative, SMC, support MMF sector of Surat, Surat Municipal Corporation, textile dyeing and printing mills at Pandesara GIDC, TTP, upgrade existing tertiary treatment plant

The Surat Municipal Corporation (SMC) has decided to upgrade its existing tertiary treatment plant (TTP) at Bamroli by increasing the capacity at 40 million liters per day (MLD). The new facility will supply additionally 40 MLD water to the textile dyeing and printing mills at Pandesara GIDC. A smart water initiative taken by civic body to support the Surat’s man-made fabric (MMF) sector.

Weakening of Yuan likely to have negative impact on Vietnamese exports in the long term

Related Keywords: Chinese imports to Vietnam will increase, discourage enterprises to spend money, framework of FTAs, negative impact on Vietnam economy, TTP, Vinatas, yuan weakening

The yuan weakening likely to have negative impacts on Vietnam’s economy in the long term, according to Dang Phuong Dung, deputy chair of the Vietnam Textile and Apparel Association (Vinatas), as Chinese imports to Vietnam will increase in the time to come as a result of the weaker yuan. This will discourage enterprises to spend money to increase their localization ratios. With low locally made content, Vietnamese products will not be able to satisfy the requirements on product origin to enjoy preferential tariffs within the framework of FTAs and the Trans Pacific Partnership (TPP).

FDI poured into textile and garment industry has increased sharply in Vietnam

Related Keywords: biggest challenged faced by Vietnam, entire economy, Foreign direct investment, heavy reliance on imported material, Hong Kong investor, increased sharply, investors from Turkey, poured into Vietnam textile and garment sector, pressure on Vietnamese businesses, project registered by a British investor, three largest projects capitalized, TTP

The Foreign direct investment poured into the textile and garment sector has increased sharply in Vietnam anticipation of Trans Pacific Partnership (TPP) in the first six months of this year. At least $1.12 billion out of the $5.58 billion worth of capital registered went into the sector. One of the three largest projects was capitalized at $660 million, the highest ever in the field. Analysts warn that this will put pressure on Vietnamese businesses and the entire economy.

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