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India: Labor issues cloud India’s knitwear hub Tirupur’s development

India: Labor issues cloud India’s knitwear hub Tirupur’s development

"Once touted as the ‘knitwear capital of India, Tirupur, is currently mired by labor issues. Underemployment and rising costs of living, coupled with the continuing impact of policy measures such as the Goods and Services Tax, especially on small-scale manufacturers, is stagnating growth in the city with the shor... Read more

Sri Lanka’s apparel sector targets emerging markets to boost growth

Sri Lanka’s apparel sector targets emerging markets to boost growth

In order to achieve its ambitious target of $8 billion worth of exports by 2025, Sri Lankan apparel sector is looking to first upscale access in emerging markets such as India, China and Brazil. The country will differentiate its products with quality standards and excellent product delivery to capture global demand. T... Read more

Stock management, decentralisation to help brands deal with Brexit

Stock management, decentralisation to help brands deal with Brexit

"The British fashion industry, over the past two years and nine months, has been preparing for an unforeseen future. As the UK voted to leave the European Union, a range of fashion and footwear businesses across the UK including manufacturers, brands, agencies and retailers are adopting various measures to mitigate the... Read more

New markets, technological innovations to boost India’s apparel export…

New markets, technological innovations to boost India’s apparel exports

"An analysis of the macro-trends and proprietary data of 100 top apparel exporters in India reveals, export value and shipments from major markets like the UAE have consistently fallen during the year. A report by US-based Drip Capital, a major provider of trade finance for SMEs in the sector, notes demand from key imp... Read more

Strong economy, world class infrastructure to help India deal with GSP…

Strong economy, world class infrastructure to help India deal with GSP denial

"The United States Trade Representative (USTR) recently announced, India and Turkey will soon lose their Developing Beneficiary Country (BDC) status under the General System of Preferences (GSP) of the WTO. GSP entails duty free access to less developed or developing countries to aid development. It allows the less dev... Read more

Delay in WTO reforms irks the US

Delay in WTO reforms irks the US

"Dealing a huge blow to the WTO, President Donald Trump in August 2018 threatened to withdraw from the organisation if it fails to upgrade operations to reflect a modern, rapidly changing world. If this threat is executed by the WTO, it would not only impact multilateralism and global cooperation but also the entire in... Read more

Rise of non-traditional markets fuels apparel exports

Rise of non-traditional markets fuels apparel exports

"As per Export Promotion Bureau (EPB) data, in the July-December period of the current FY2018-19, Bangladesh’s apparel shipments to new export destinations like Australia, Brazil, Chile, China, India, Japan, Korea, Mexico, Russia, South Africa and Turkey posted a robust growth of 36.21 per cent in the first half ... Read more

Changing dynamics of global fashion market

Changing dynamics of global fashion market

"The axes of global trade are shifting, amid a surge in commerce between emerging economies in the global South. The dynamics may lead to a rethinking of sourcing and pricing strategies in the year ahead. That’s why “Trade 2.0” is one of the 10 big trends to watch out for in 2019 reveals the McKinsey&... Read more

Vietnam-EU FTA to create history after seven years of wait

Vietnam-EU FTA to create history after seven years of wait

"The European Union and Vietnam are moving closer to clinching the Europe-Vietnam Free Trade Agreement (EVFTA) after nearly seven years of negotiations. The long-sought deal will boost Vietnam’s economic growth by nearly 8 per cent by 2025. As per the terms of the deal, Vietnam’s ruling Communist Party will... Read more

British brands tackle Brexit with diversification

British brands tackle Brexit with diversification

"With Brexit on a knife edge, many designers and small-time manufacturers doubt whether the bi-annual catwalk event London Fashion Week holds anything for them. A slowdown in customer spending has triggered cautiousness in the rag trade. Luxury retailer Harrods is increasing its spring/summer stock to protect the expos... Read more

Interim Budget 2019-20: Outlay for textile sector reduced, optimism ab…

Interim Budget 2019-20: Outlay for textile sector reduced, optimism about higher IT exemptions

"Textile industry welcomed the Interim Budget 2019-20 announced by the Finance Minister, Piyush Goyal. Sanjay Jain, Chairman, CITI feels the budget will give a major impetus to the textile and apparel consumption in India by increasing the purchasing power of middle class and farmers. He feels, the announcements highli... Read more

India needs the right approach to guarantee maximum benefits from RCEP

India needs the right approach to guarantee maximum benefits from RCEP

"Despite many rounds of negotiations, the suspense regarding India’s participation in the proposed 16-member mega-trade deal, Regional Comprehensive Economic Partnership (RCEP) continues. The Indian government has engaged three consultants: ICRIER, the Centre for Regional Trade housed in the Indian Institute of F... Read more

 
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Philexport urges govt to revive law on local fabrics use

The Philippine Exporters Confederation (Philexport), has urged the government to revive a 2004 ... Read more

India: Apparel exporters seek more clarity on new tax rebate scheme

Pointing out that export business has significantly picked up after the announcement of rebate ... Read more

UK may impose compliance code on companies

UK multinational companies may come under pressure to follow fair and clean practices in their ... Read more

EU decision to withdraw preferential trade access to hurt Cambodia

The EU may withdraw preferential trade access to Cambodia over Cambodia’s human rights re... Read more

India: Rebates may replace MEIS

India may replace the Merchandise Export Incentive Scheme (MEIS) with the Rebate of State and C... Read more

India to seek deadline extension for GSP withdrawal

India is looking for an extension of the deadline US for withdrawal of export benefits to domes... Read more

India: Rebate scheme to replace MEIS for all textile products

India will extend the upgraded Rebate of State and Central Taxes and Levies scheme to all texti... Read more

No deal Brexit: UK exporters to face tariffs

In the event of a no-deal Brexit, the UK will impose tariffs on manufacturers and exporters. Al... Read more

Texprocil welcomes rebates on embedded taxes

The Cotton Textiles Export Promotion Council (Texprocil) has welcomed the cabinet’s appro... Read more

India: Handful of relief measures to help textile and apparel industry

The government has introduced various measures to benefit almost every segment of the Indian te... Read more

Tamil Nadu launches initiatives for textile sector under new integrated pol…

The Tamil Nadu government has announced a host of incentives for the textile sector. The just r... Read more

India: Export rebates for apparel, made-ups extended

India has extended rebates for apparel and made-ups manufacturers and exporters. Rebates of sta... Read more

India: SIMA hails Tamil Nadu Comprehensive Textile Policy 2019

The Southern India Mills Association has hailed the Tamil Nadu Government for releasing the Tam... Read more

Sri Lanka invites Italian investors

Sri Lanka and Italy are strengthening bilateral ties.The two countries have maintained excellen... Read more

India: State CACP seeks hike in cotton MSP for 2019-20

The Maharashtra unit of the Commission on Agricultural Costs and Prices (CACP) is seeking a 15 ... Read more

USA to scrap GSP benefits for India

USA plans to scrap the generalised system of preferences (GSP) benefits for India within the ne... Read more

USA withdrawal of GSP may not hurt India

The US decision to withdraw GSP benefits will not have a significant impact on Indian exports t... Read more

Reduction in fund allocation under ATUFS upsets Indian weavers

The weavers in Surat are upset as the Finance Minister has reduced allocation under Amended Tec... Read more

Mexico refuses to ratify NAFTA unless USA lifts tariffs

Mexico has refused to approve the labor-reform bill as a necessary step to ratifying the new No... Read more

Indonesia and Australia eliminate tariffs through FTA

Indonesia and Australia recently signed an FTA that eliminates many tariffs, allows Australian-... Read more

Retail growth in Pakistan slows down

According to Javed Siddiqi, Director, Stylo-a ladies footwear, prêt and accessories brand... Read more

China wants wider access to India

China wants 85 per cent of its products to enter India duty-free.In turn China is willing to gi... Read more

Bangladesh, Russia MoU to boost bilateral trade

Bangladesh and Russia have reportedly decided to sign a Memorandum of Understanding (MoU) to re... Read more

India drafts national e-commerce policy

India will not join the negotiations with the World Trade Organization (WTO) to develop trade r... Read more

Thailand applies for CPTPP membership

Thailand wants to join the Comprehensive and Progressive Trans-Pacific Partnership. The aim is ... Read more

RCEP can help India forge ties with Asean

India can strengthen economic ties with the Asean region by joining the Regional Comprehensive ... Read more

Bangladesh to allow overseas companies to set up industries

According to the sources of Global Economist Forum (GEF), the Bangladesh government may permit ... Read more

Indonesia looks for trade pacts

Indonesia is going all out to strike trade pacts with about a dozen countries and blocs. The US... Read more

India: New rules force e-com portals to withdraw products

According to the global research firm Jefferies, most e-commerce portals were forced to take do... Read more

Ghana waives VAT for textiles

Ghana has decided on zero-rate value-added tax for the textile industry. This is aimed at reviv... Read more

FTA between Sri Lanka–Bangladesh to boost trade

According to President Renuka Jayamanne, the proposed Free Trade Agreement (FTA) between Sri La... Read more

Bangladesh hikes Export Development Fund

Bangladesh Bank has increased the size of the Export Development Fund (EDF) by 16.7 per cent. T... Read more

Australia to sign FTA with Indonesia

Australia and Indonesia will soon sign a free trade agreement.This is expected to increase the ... Read more

Tirupur wants IGST exemption extended beyond March ’19

Exporters in Tirupur want the Centre to extend integrated goods and services tax (IGST) exempti... Read more

Exporters want more products to be included in MIES list

Exporters’ body FIEO says more products like jewellery and auto-components should be incl... Read more

Pakistan: PTEA lauds liquidation of outstanding refunds

Pakistan Textile Exporters Association (PTEA) lauded the government’s move for liquidatio... Read more

Weavers hit by reduced ATUFS allocation in Interim Budget

Outlays under the Amended Technology Upgradation Funds Scheme (ATUFS) have been reduced in the ... Read more

India: Inverted duty structure boosts synthetic fiber imports

The inverted duty structure in India makes it easier for textile industry to import synthetic t... Read more

ASEAN, EU to enhance bilateral cooperation

ASEAN and the EU confirmed their commitment to enhance bilateral cooperation at the 22nd ASEAN-... Read more

Mixed reactions for the interim budget from Surat textile industry

The interim budget garnered mixed response from textile Surat industry. While the one-time tax ... Read more

Pakistan: Government grants Rs 29 bn bailout package to textile industry

The Pakistan Tehreek-e-Insaf (PTI) government has given another bailout package worth Rs29 bill... Read more

Interim Budget 2019: Mixed reactions from Coimbatore textile belt

Response in the western region of Coimbatore to the Interim budget 2019 was a mix of elation an... Read more

India may relax 30 per cent sourcing rule for FDI in single brand retail

India may relax the 30 per cent local sourcing norm in the single-brand retail sector. The aim ... Read more

Pakistan enhances synthetic filament capacity

Pakistan is upgrading its filament production capacity. The aim is to ensure availability of th... Read more

Pakistan withdraws duties on cotton imports

Gas and electricity tariffs have been rationalised for the export-focused industry in an attem... Read more

India: Gujarat government announces scheme for the textile sector

The Gujarat government has announced a support scheme spanning the entire textile value chain. ... Read more

FIEO push for fiscal, non-fiscal incentives for exporters in Gujarat

The Federation of Indian Exporters Organisations (FIEO) officials are pushing for fiscal and no... Read more

Government includes merchant exporters under interest equalisation scheme

The government has now included merchant exporters under the interest equalisation scheme for p... Read more

Canada imports from Vietnam up five per cent

Vietnam’s exports to Canada were up 5.2 per cent in 2018. Earnings from textile, garment,... Read more

US, EU top export destinations for India

As revealed the by the Textile Ministry, the US is the top export destination for apparel made ... Read more

Vietnam should rationalize policy to ride on new FDI wave

The new wave of FDI is a chance for Vietnam to deepen its industrialisation by encouraging the ... Read more