India’s textile ministry recently announced a special one-time additional ad hoc incentive of up to 1 per cent of free on board (FoB) value for exports of apparel and made-ups. The incentive will offset the difference between the new rebate on state and central taxes and levies (RoSTCL) and the previous rebate on state levies (RoSL) and the Merchandise Exports from India Scheme (MEIS).Pic: ShutterstockThe decision followed a recommendation of the expenditure finance committee.Effective retrospec

The Indian government will ensure that cotton procured by the Cotton Corporation of India (CCI) is not kept unused, leading to problems for micro, small and medium enterprises (MSMEs), according to minister of textiles and women and child development Smriti Irani, who recently said the two-decade-old problem of obligation of Hank yarn production has also been resolved.Pic: ShutterstockShe said this while inaugurating the TEXPROCIL award function recently, according to an official press release.T

Market leader Oerlikon Neumag has its finger firmly on the pulse of their customers with the new Color Pop Compacting unit (CPC-T) for the BCF S8 carpet yarn plant, which is now available for the Polyamide 6 process. The new solution, which was on show from 10-13 January 2020 at the Domotex 2020 in Hannover, attracted great interest from many trade visitors, Oerlikon Neumag reports.“Following the trend for multi-coloured carpets, BCF S8 sets new standards in regard to color separation. The plant

is drafting a national textile policy for the development of domestic textile sector, according to the ministry of planning, finance and industry. The drafting process was initiated in January 2018 and the first stakeholder meeting was held in January last year involving relevant ministries, private organisations and textile businesses.Pic: ShutterstockThe policy is being drafted with the help of German government’s development organisation GIZ.It will include action plans, road maps, laws, rule

Applauding the US administration for finally pressing China for a more rational and equal trade relationship, the, a Washington, DC-based trade association that represents the full spectrum of domestic textile manufacturers, has questioned the last-in, first-out approach to the tariff reductions.Pic: Shutterstock“In our sector, this means that the penalty 301–the areas where tariffs have the most potential to effect reforms in China while bolstering the Western Hemisphere supply chain–are cut in

The International Finance Corporation (IFC) of the World Bank Group has identified leather and footwear, plastics and light engineering as potential sectors that can help diversify Bangladesh’s export basket. These sectors will also create greater access to global markets for domestic products, according to a new report released by IFC recently.The report, titled ‘Building Competitive Sectors for Export Diversification: Opportunities and Policy Priorities for Bangladesh’, highlighted the need fo

The Indian textile industry should not expect the Cotton Corporation of India (CCI) to sell cotton at a loss just because it is a government enterprise, according to CCI chairman P Alii Rani, who recently said the corporation has so far bought a quarter of the cotton that has arrived in the markets this year since the beginning of the cotton year on October 1.Pic: ShutterstockThe remark followed after) urged textile minister Smriti Irani to instruct CCI to sell cotton at market price so that spi

In recent years, home linen trade has been moving up with high growth rate. Total trade increased by 35.79 per cent from 2013 to 2018, according to data from TexPro. The global trade of home linen was $46,432.68 million in 2016, which increased to $49,044.55 million in 2018. The total trade of home linen has risen by 4.22 per cent in 2018 over previous year.Pic: ShutterstockFurther, it is anticipated that the total trade will reach $53,255.84 million in 2021 with a CAGR of 2.78 per cent from 201

Ireland’s ‘radical’ new waste strategy will focus on reducing plastic packaging waste and waste generated byand food items in the country, according to minister for communications, climate action and environment Richard Bruton, who said Ireland must ‘radically change’ its ‘wasteful’ use of precious resources as part of its Climate Action Plan.Over 200 kg of waste packaging, 59 kg of which is plastic, is generated per person every year in Ireland, above average among EU neighbours, according to I

The global trade of baby’s garments and clothing accessories (not knitted or crocheted) has shown a slight decline in recent years. Total trade slashed by 0.07 per cent in 2018 over the previous year, according to data from TexPro. The global trade of baby’s garments and accessories was $4,761.20 million in 2017, which dropped to $4,758.10 million in 2018.Pic: ShutterstockThe total trade of baby’s garments and accessories is anticipated to move down to $4,599.00 million in 2021 with a drop of 3.