Industry

CAIT Mumbai Proposes GST Reforms Ahead Of 53rd Council Meeting

June 21, 2024

Aiming at advancing the growth and efficiency of India’s GST system, the Confederation of All India Traders (CAIT), Mumbai Unit, has submitted a detailed proposal to the Hon’ble Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, ahead of its 53rd GST Council meeting

Industry

Lesotho Textile Industry Faces Job Losses, Prioritizes Ethical Standards

June 19, 2024

Lesotho’s textile and apparel industry has faced a stark decline, shedding nearly 16,000 jobs from March 2018 to March 2024, as highlighted during a workshop convened by the Lesotho National Development Corporation (LNDC). Puseletso Makhakhe, LNDC’s Corporate Investment and Trade Promotion General Manager, outlined the sector’s challenges, citing reduced

Industry

President Museveni And UMA Officials Strategize To Boost Uganda’s Textile Industry

June 19, 2024

President Yoweri Kaguta Museveni convened a crucial meeting at State House, Entebbe, with representatives from the Uganda Manufacturers Association (UMA) to chart a course for revitalizing Uganda’s textile sector—a pivotal driver of economic growth in the country. In his address to UMA officials, President Museveni underscored the imperative of strengthening and

Industry

Shimmy Technologies Trains 10,000th Worker, Unveils New Expansion Plans

June 19, 2024

Shimmy Technologies, a leader in industrial education technology, proudly announces a significant milestone: the successful training of its 10,000th worker. Leveraging a cutting-edge blended learning model, Shimmy combines gamification, AI, and traditional machine training to reimagine workforce development. This approach optimizes training costs and time, meeting the

Industry

AEPC Welcomes Newly Appointed Ministers Of Commerce & Industry, And Textiles

June 16, 2024

Sudhir Sekhri, Chairman of Apparel Export Promotion Council (AEPC), extends his heartfelt congratulations to Hon’ble Minister of Commerce & Industry, Piyush Goyal, and Hon’ble Minister of Textiles, Shri Giriraj Singh, on assuming charge of their respective ministries. In welcoming the Commerce & Industry Minister, Chairman Sekhri expressed, “We are indeed fortunate

Industry

Bangladesh Textile Mills Struggle With Banks’ Tk420 Crore LC Payment Delays

June 14, 2024

Bangladesh’s textile sector is grappling with a financial crisis as banks delay payments amounting to Tk420 crore against letters of credit (LC), even after more than six months of maturity. This issue has placed 52 textile mills in a precarious situation, prompting urgent appeals for intervention from the central bank. The Bangladesh Textile Mills Association […]

Industry

Uzbekistan Secures Over $34.2 Billion In Investments From Türkiye And Saudi Arabia

June 12, 2024

Under the leadership of President Shavkat Mirziyoyev, Uzbekistan is enhancing its economic and investment partnerships with Türkiye and Saudi Arabia. Recent high-level visits and strategic meetings have resulted in agreements and projects totaling over $34.2 billion, aimed at fostering mutual economic growth and cooperation. Strengthening Ties with Türkiye During President

Industry

Labour Shortage Hits Tiruppur Amid Rising US Export Orders

June 12, 2024

India’s ‘knitwear capital’ Tiruppur faces a severe labour shortage as thousands of migrant workers who returned home to vote in the recent Lok Sabha elections are not coming back. This comes as export inquiries from the US show early signs of recovery. The shortage, estimated at 100,000-150,000 workers from Uttar Pradesh, Bihar, Assam, and West […]

Industry

Giriraj Singh Is The New Minister Of Textiles

June 10, 2024

Giriraj Singh, BJP MP from Begusarai Loksabha constituency in Bihar, has been appointed as the new Minister of Textiles. Previously, he served as the Minister of Cooperative, Animal Husbandry, and Fisheries Resources Development in the Government of Bihar. The Ministry of Textiles, previously was held by Piyush Goyal. He has now been appointed as the […]

Industry

Turkish Company To Set Up 7.2mn Jeans Pieces Unit In Egypt

Textile Insights May 31, 2024

Egypt’s General Authority of the Suez Canal Economic Zone (SCZONE) signed land contract with Eroglu Egypt for a 65,000-square metre area. The contract aims to establish the Eroğlu Egypt’s readymade garments factory in the Qantara West Industrial Zone at a total investment of $40 million. “This factory, which is expected to create over 3,000 jobs, […]