July 27, 2024
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Industry

AEPC Outlines Key Demands For Union Budget 2024 To Boost Apparel Industry

The Apparel Export Promotion Council (AEPC), India’s apex body for promoting garment exports, has presented several key demands for the Union Budget 2024 to enhance the country’s textile and apparel sector. Sudhir Sekhri, Chairman of AEPC, emphasized India’s potential in the global textiles and apparel market, stating, “India is poised to become a significant player […]
Industry

Maersk Boosts China-Bangladesh Textile Trade With New SH3 Service

A.P. Moller-Maersk (Maersk) has launched a new ocean shipping service, SH3, between China and Bangladesh to meet the increasing trade demand, particularly in the retail industry. The service began on July 7, 2024, enhancing the existing ocean network between the two countries by adding more capacity. The SH3 service rotation starts from Shanghai Port in […]
Industry

Uzbekistan And Azerbaijan Textile Partnership Grows Stronger

The 13th meeting of the joint Intergovernmental Commission on Cooperation between Uzbekistan and Azerbaijan, held in Bukhara on July 10, emphasized the deepening collaboration in the textile sector. Chaired by Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade, and Mikayil Jabbarov, Azerbaijan’s Minister of Economy, the discussions
Industry

SGCCI Calls for Policy Revisions In Textile Industry

Vijay Mewawala, President of The Southern Gujarat Chamber of Commerce and Industry (SGCCI), led a delegation on July 15th, to meet with key government officials, advocating for critical reforms in the textile sector. Accompanied by Union Minister for Jal Shakti, Shri C.R. Paatil, Mewawala engaged in discussions with Union Minister of Textiles, Giriraj Singh, addressing
Industry

Vietnam Faces Indonesian Trade Sanction Threat

The Vietnam Trade Office in Indonesia has issued a cautionary notice to Vietnamese businesses regarding potential trade sanctions, particularly targeting textiles and garments, amidst challenges faced by Indonesia’s textile industry. Indonesia has seen a decline in export orders and the closure of many textile factories, leading to significant job losses. Key sectors
Industry

Union Minister Supports ITF’s Textile And Apparel Growth Plans

The Indian Texpreneurs Federation (ITF) recently met with Union Textile Minister, Giriraj Singh, to present a comprehensive report on the ‘Opportunities and Challenges for the Indian Textile and Apparel Sector.’ The meeting focused on strategies to harness the China Plus One opportunity in apparel exports and enhance India’s monthly apparel export rate
Industry

T&A Sector’s Wish-list From The Upcoming Budget

Highlights of the industry recommendations:  Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]

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