Pakistan Textile Exporters Association (PTEA) has demanded zero rated sales tax facility as it will help to restore the competitive edge in international markets for Pakistani textiles and will act to increase the exports of the country and strengthen the national economy. Talking to newsmen, Sheikh Ilyas Mahmood, Chairman and Adil Tahir, Vice Chairman PTEA said that zero-rating withdrawal has adversely affected exports at a time when huge amount of Sales Tax Refunds are already stuck up wit

“Indian textile companies need to go vertical and also set-up large scale apparel manufacturing plants, if India wants to increase its market share in the global textile trade”, Mr Sanjay Lalbhai, doyen of the Indian textile industry and CMD of Arvind Ltd informed delegates at a conference held in Ahmedabad. The Confederation of Indian Textile Industry (CITI) recently held a conference in Ahmedabad titled - Textile Investment Conclave 2014, which sought to attract investments in the Gujarat

Cambodian Permanent Deputy Prime Minister Keat Chhon on Wednesday met with a delegation representing 30 global brands and global trade unions to discuss the current situation of garment sector. The delegation comprised 27 global brands including H&M Hennes & Mauritz AB, Gap Inc., Adidas, Puma, Levi Strauss and Co., American Eagle Outfitters, Inditex and three global trade unions, said a press statement from the Cambodian side. The meeting was called by the Cambodian government in r

A Memorandum of Understanding was signed on 18 February in Hanoi, confirming the extension of – a programme aiming to improve the export industries’ performance and competitiveness – in the country during the 2014-19 period. The Better Work Vietnam is part of a global joint programme between the International Labour Organization (ILO) and the International Finance Corporation (IFC). The initiative plays a key role in aligning private sector expectations with Viet Nam’s laws and core internat

A huge fire swept through a wool manufacturer in Hanoi on Wednesday, causing damage estimated at hundreds of billions of dong (VND100 billion = US$4.7 million). There were no reports of human casualties except for one firefighter who was reportedly injured during the fire. The fire broke out at some 11:30am at Ha Dong wool company in Van Phuc Ward, Ha Dong district. Witnesses said the flame erupted at the company’s warehouse and quickly burnt down silk, machines, and other inflammable

The Government of India has reduced the Central Excise Duty by 2 percent on textile machinery and also increased the allocation under the Technology Upgradation Fund Scheme (TUFS), to boost modernization of the textile industry. “To stimulate growth in the capital goods and consumer non-durables, I propose to reduce the excise duty from 12 percent to 10 percent on all goods falling under chapter 84 and chapter 85 of the Schedule to the Central Excise Tariff Act for the period up to 30.6.2014,

Around 20 jute mills were shut down in the last 7/8 months due to a depressed international market and currency devaluation in India, industry people said. Another major reason behind the closure of the factories that used to make sacks, bags and yarn is the government's failure to implement a packaging law for compulsory use of jute sacks to pack food grains and other items. The domestic demand would get a boost if the law was implemented properly, they said. “The current adverse situa

A programme aimed at promoting and supporting sustainable production of garments in Myanmar was launched at the first-ever meeting of the EU-Myanmar Task Force, held in Yangon. The ?2 million SMART Myanmar project aims to boost competitiveness of small and medium enterprises (SMEs) by building their capacity and increasing their skills and knowledge in partnership with local organizations, Myanmar Times reported. The 3-year (2013-2015) SMEs for Environmental, Accountability, Responsibility

Vying for a bigger share of the Vietnamese market, Indian cotton textile companies met with Vietnamese businesses yesterday in HCM City to promote the benefits of enhanced trade. At the meeting were representatives from more than 20 companies from India, one of the biggest cotton textile manufacturers in the world. Manikam Ramaswami, chairman of India's Cotton Textiles Export Promotion Council, said that in most markets the council had been able to reach a respectable level of trade fairly

India has gained high bilateral trade turnover in the garment industry with most countries, but its textile trade value with Vietnam remains low. The President of the Cotton Textiles Export Promotion Council of India (Texprocil), Manikam Ramaswami, made the statement at an exchange between Vietnamese and Indian textile makers in Ho Chi Minh City on February 18. Ramaswami said Indian cotton textile only accounted for 1.59%, cotton fibre for 16.5% and cotton fabric for 0.58% of