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Automation and positive EU relations could boost Cambodia’s growth

Automation and positive EU relations could boost Cambodia’s growth

"While textile is one of the most important sectors in Cambodia’s economy, pressures from neighbouring countries is adversely impacting growth. To add to it, increasing automation and loss of preferential trade agreements is aiding to its woes. Employing 86 per cent of all factory workers, about 40 per cent of Ca... Read more

Indo-US trade relations facing troubled times

Indo-US trade relations facing troubled times

"Though India is still growing steadily amid the unexpected US trade proposition, industry might get bruises if the situation doesn’t turn up in India’s favour, fear analysts. President Trump’s recent amendments in trade policy are impacting global economic growth negatively. As counteractive measure,... Read more

Trump’s tariff policy to hamper domestic apparel industry dynamics

Trump’s tariff policy to hamper domestic apparel industry dynamics

"The world is concerned with President Trump’s tariff plans. The US has also announced 25 per cent tariff on steel imports and 10 per cent on aluminum for countries other than Canada and Mexico. Additionally, there are plans to impose around 45 per cent tariff on goods imported from China to suppress the country&... Read more

Pakistan: Currency depreciation, energy costs hurt textile industry

Pakistan: Currency depreciation, energy costs hurt textile industry

"Pakistan's textile exports was worth $12.45 billion with imports worth $3.35 billion in 2016-17. The country exported raw cotton amounting to $42.85 million, cotton yarn $1.24 billion, cotton cloth $2.12 billion, cotton carded $235000, yarn other than cotton yarn $24.351 million, knitwear $2.362 billion, bed wear $2.1... Read more

Indian textile sector needs a new policy push

Indian textile sector needs a new policy push

"India’s textile sector has the second-largest employment after agriculture, employing 32 million workers. It has the potential to double employment in the next seven years as per the vision document (for 2024-25). India has a rich mix of synthetic and natural fibres and yarns but still remains a cotton-focused. ... Read more

GST for textile sector, in line with the prevailing rates – ICRA

GST for textile sector, in line with the prevailing rates – ICRA

"The Goods & Services Tax (GST) Council announced rates for the textile and other pending categories on June 3, 2017, moving one step closer to the proposed implementation of the new tax regime with effect from July 1, 2017. While rates for most commodities were announced on May 19, 2017, the announcement for the t... Read more

Vietnam signs deals worth $8 billion with US

Vietnam signs deals worth $8 billion with US

"To sustain its export-driven economy and minimise the impact of US withdrawal from the TPP, Vietnam is placing a great thrust on the increased trade relations with the US, which is its largest export market. Vietnam and the US have recently signed business deals worth US$8 billion, in the sectors such as aircraft engi... Read more

Is China losing its textile touch?

Is China losing its textile touch?

"China is the number one textile and clothing exporter to the world, producing more than 43.1per cent of global demand. As per the 13th five-year plan of Chinese Government for the year 2016 to 2020 period, China strategically is moving towards more value adding tech intensive products. The plan is to maintain traditio... Read more

Proposed changes in NAFTA to adversely impact LA apparel units

Proposed changes in NAFTA to adversely impact LA apparel units

"The proposed changes in the North American Free Trade Agreement (NAFTA), has resulted in companies planning to shift their manufacturing base away from Los Angeles. As Mateo Juarez, GM, United Jeans says, in Los Angeles County, the minimum wage for businesses with more than 26 employees rises to $12 an hour from July ... Read more

Higher GST on man-made fibre to have negative implications on the indu…

Higher GST on man-made fibre to have negative implications on the industry

"Man-made fibre and synthetic yarn would be levied 18 per cent tax under GST regime while the fabric only 5 per cent. Industry experts feel that keeping the rates of key inputs at a higher level will negatively the competitiveness of small and medium synthetic textile manufacturers. Stating the same as concern of inver... Read more

Synthetic ind questions GST slab, raises issue of Cenvat credit

Synthetic ind questions GST slab, raises issue of Cenvat credit

It is surprising to know that the govt still thinks polyester is a fibre for high class and cotton is for poor class, that is the reason growth is restricted. Soon a day will come when govt will have to think independently, if it wants to grow at bigger pace like Bangladesh/Vietnam etc, says R K Vij, Ad... Read more

Pakistan textile industry disappointed with the budget

Pakistan textile industry disappointed with the budget

"All Pakistan Textile Mills Association (APTMA) has deeply disapproved the proposed Federal Budget 2017-18. It says, the government is not serious about implementing the Rs 180 billion Prime Minister's export led growth package as till now only Rs 1 billion has been released by the State Bank of Pakistan. The governmen... Read more

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Pakistan RMG exporters want liberal raw material imports

Pakistan’s readymade garment manufacturers and exporters have called for an ease of doing... Read more

US threatens India action over subsidies in T&A sector

Indian apparel and textile exporters are on tenterhooks with the US asking India to stop on pro... Read more

LVMH Q1 sales up 13 per cent

For Q1, LVMH sales rose 13 per cent on an organic basis. With this, LVMH has set an upbeat tone... Read more

Texprocil for refund of unutilised input tax credit

The Cotton Textiles Export Promotion Council (Texprocil) has asked the CBEC Chairman to refund ... Read more

US releases tariff list for 13,00 Chinese imports

The United States will impose tariffs as high as 25 per cent on some 1,300 products from China.... Read more

PTEA lauds release of Rs. 5 billion to clear claims of duty drawback of tax…

Pakistan Textile Exporters Association (PTEA) has acclaimed the release of Rs. 5 billion for di... Read more

US challenges India’s subsidy test

The United States has challenged India’s export subsidy programs. This has to be seen in ... Read more

Euratex launches new initiative

Euratex has launched a new strategic course to strengthen the voice of the European textile and... Read more

Surat weavers demand relief

Power loom weavers in Gujarat, specifically Surat, want a textile promotion scheme similar to t... Read more

Ministry pitches for Geographical Indication (GI) tag for Bengali sarees

The textiles committee of the Union Ministry of Textiles has asked the various weaving communit... Read more

US tariffs may hurt Bangladesh

Bangladesh may be affected by the US’ decision to impose tariffs on apparel imports. Afte... Read more

Maharashtra offers capital subsidy in new textile policy

Maharashtra’s textile policy offers a primary capital subsidy of 25 to 40 per cent across... Read more

Europe threatens tit for tat tariffs on Levi's jeans

The European Union is threatening to target some of America’s most iconic brands if Donal... Read more

Bangladesh to frame policy for apparel buying houses

Bangladesh government, in a bid to infuse accountability among buying houses in the export-orie... Read more

Maharashtra allows privatisation of spinning mills, powerlooms

The Maharashtra government has decided to permit privatisation of spinning mills and powerloom ... Read more

GST puts weavers in a fix

GST has many weavers and handloom organisations worried. Traditionally, the handloom sector has... Read more

Maharashtra’s new textile policy 2018-23 gets Cabinet nod

Maharashtra’s cabinet has approved the new textile policy for 2018-2023 aimed at attracti... Read more

Handloom sector’s budget allocation slashed 36 per cent, industry cries fou…

The Union Budget for 2018-19 has drastically reduced the allocation for the handloom sector by ... Read more

Budget proposals positive for apparel industry: CMAI

The Clothing Manufacturers Association of India (CMAI), the apex association of the apparel ind... Read more

Surat’s textile industry assured of amicable solution to GST issues

Gujarat Commercial Tax Commissioner, P D Vaghela has assured all stakeholders in Surat, the lar... Read more

AEPC seeks government intervention

With increasing competition from Bangladesh and Vietnam, textile and garment companies, which a... Read more

Indian textile/garment exporters seek budgetary support to stay competitive

Worried about the recent drop in exports of textiles and garments and rise in imports from coun... Read more

PRGMEA demands abolition of duties on cotton yarn

Ijaz A Khokhar, Chief Coordinator of Pakistan Readymade Garments Manufacturers and Exporters As... Read more

Tirupur exporters seek IGST exemption on accessories import

India’s largest knitwear and readymade garment exporters organisation, The Tirupur Export... Read more

CCEA approves .2 bn for SCBTS to skill 1mn workers

The Cabinet Committee on Economic Affairs (CCEA) has approved a new skill development scheme to... Read more

Pakistan apparel makers demand relaxation in import duty

The Pakistan Ready - made Garments Manufacturers and Exporters Association (PRGMEA) has asked f... Read more

India hikes duty on manmade fabric imports

Basic customs duty on manmade fabrics has been increased from ten per cent to 25 per cent. Im... Read more

Cotton traders in Warangal oppose RCM under GST

Cotton traders at Enumamula Market yard in Warangal on Friday protested against the reverse cha... Read more

Government increases MEIS by 2 per cent, manmade fibre industry disappointe…

Cotton textile exporters have welcomed the government’s decision to raise the Merchandise... Read more

CMAI hails positive measures in the mid-term review of FTP

The Clothing Manufacturers' Association of India (CMAI) has hailed the mid-term review of the F... Read more

SIMA welcomes government move to enhance MEIS benefit

The government has increased the Merchandise Export from India Scheme (MEIS) from 2 per cent to... Read more

MOF to incentives GST-compliant MSMEs

The Ministry of Finance (MOF) is mulling the prospect of providing more incentives for The Micr... Read more

Customs duty on fabric imports hiked

Customs duty on imports of synthetic woven fabrics of various qualities, other woven fabrics, s... Read more

Revised drawback may hit apparel exports

India has new duty drawback rates on garment exports from October 1, 2017. Duty drawback can be... Read more

Government launches schemes to upgrade power looms

A scheme has been devised for Indian power loom units. Energy Efficiency Services (EESL) will p... Read more

India cuts and Pakistan raises duty drawback on garments

India has cut duty drawback rates for apparel exporters. The cut back would likely lead exporte... Read more

AEPC wants embedded taxes refunded

AEPC hopes the embedded taxes arising out of the inverted structure will be refunded to exporte... Read more

Textile value chain will benefit from GST rate cut, says CITI

The Confederation of Indian Textile Industry (CITI) has welcomed the reduction of GST rates for... Read more

Synthetic weavers feel GST is a boon

While spinning and weaving segments of the synthetic textile industry have welcomed GST, trader... Read more

GST refund delays affect exporters

Three months after GST was implemented, exporters in Gujarat are facing working capital issues ... Read more

Duty drawback rate cut upsets exporters

India has slashed duty drawback rates from October 1. Drawback is the refund of certain duties,... Read more

NAFTA should retain flexibility

Canadian, Mexican, and US negotiators should update NAFTA in a way that will continue the curre... Read more

SIMA urges centre to re-look on duty drawback rates

Indian textiles and clothing exports has been struggling during the last three years due to the... Read more

Chinese firms concerned about Pak’s poor infrastructure before relocation

The China-Pakistan Economic Corridor (CPEC) may have brought the two countries closer, but the ... Read more

AEPC submits inputs on Gujarat policy

The Apparel Export Promotion Council (AEPC) has welcomed the extension of Gujarat's textile pol... Read more

Tamil Nadu working on a textile policy

Tamil Nadu is in the process of drafting a new textile policy. Textile units want improved infr... Read more

US objects to dumping

Korea and Taiwan are accused of dumping low melt polyester staple fiber in the US.The allegatio... Read more

US assures Africa of AGOA

The United States has assured sub-Sahara African countries that the African Growth and Opportun... Read more

African tariffs may hurt US firms

East Africa wants a ban on imports of secondhand clothing from the US.It’s expected that ... Read more

GST reduction in textiles job work a relief

Textile exporters feel with GST the country's exports will become uncompetitive in global marke... Read more

FOSTTA calls meet to discuss GST demands

Unhappy with the GST Council not taking any decision on the demands put forth by textile trader... Read more