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Egypt to partner with China to develop textile industries in Minya
Egyptian Supreme Council for Textile Industries is work to establish a partnership with a major Chinese company to develop a project that aims to improve a free zone specialised in textile industries
Ludhiana based knitters seek higher import duty on man-made fibres
Ludhiana is a hub of knitwear industry in Punjab, having around 5,000 units with a majority of them in the MSME sector, disturbed over the rising imports of man-made fibre textiles from China due to
Revision of incentives helps Pakistan’s textile exports gain traction
The Ministry of Textiles of the Pakistan Government has issued a notification stating that in pursuance of entry 7 of item 39 of Schedule II of the Rules of Business, 1973, the Prime Minister package
Bal Tekstil signs supply contract with IKEA
Bal Tekstil, professional manufacturer of carpets and rugs in Ontustik, the South Kazakhstan region’s special economic zone, since 2011 has signed a supply contract with IKEA, Sweden’s
Textile sector to get some relief with reduced GST on yarn
The man-made fibres and yarns were slotted under 18 percent GST rate while the fabrics were slotted under 5 per GST slab with a condition of no refund ITC at fabric stage. This had created a huge
Textile exporters hit hard by unfavourable currency movement
Indian textile exporters have been facing subdued demand trends over the past few years in the key textile consuming regions of the US and EU which accounts for a majority of exports from India as
Latest revision of GST rates welcomed by textile industry
The Country’s finance minister Arun Jaitley on Friday announced latest revision in the goods and services tax (GST) rates. Tax rates on man-made yarn is reduced from 18 percent to 12
Vietnam garment exports dwindling due to increase in sourcing costs
Increase in wages for workers and logistics costs, putting Vietnam’s local garment exporters under pressure, particularly in the face of fierce competition from regional rivals like
Gujarat textile processors demand for uniform GST for MMF yarn, fabric
The South Gujarat Textile Processors Association (SGTPA) leader recently met the sectoral co-convener of goods and services tax (GST) council Yogendra Garg on Wednesday demanding the council to
Vietnam, Mozambique to seek closer partnership in import and export trade
To seek closer partnership, especially in import-export trade a meeting was recently held in Mozambique’s capital of Maputo where more than 100 representatives of Vietnamese, Mozambican and
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