Industry

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

July 19, 2024

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

Industry

Maersk Boosts China-Bangladesh Textile Trade With New SH3 Service

July 18, 2024

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

July 18, 2024

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

July 18, 2024

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

Tashkent Region Mayor Visits Textile-Industrial Park Construction Site

July 14, 2024

On July 4, Zoir Mirzayev, mayor of the Tashkent region, visited the construction site of a textile-industrial park in the Yukorichirchik district. Accompanied by the head of the regional chamber of commerce and industry and other key officials, the visit highlighted the progress of the project in the Nurli Zamin mahalla, spanning 69 hectares. The […]

Industry

Vietnam Faces Indonesian Trade Sanction Threat

July 11, 2024

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

July 11, 2024

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

July 10, 2024

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 […]

Industry

Schützen Named Top 5 Finalist In Sustainable Textiles Innovation

July 7, 2024

The International Sustainable Chemistry Collaborative Centre (ISC3) has announced the finalists for its 5th Innovation Challenge in Sustainable Chemistry and Textiles, with Schützen Chemical Group from India making it to the list of top 5 global finalists. Selected from a competitive field of global applicants, these finalists represent cutting-edge innovations driving

Industry

Pakistan: Textile Exporters Oppose Tax Regime Shift, Cite Export Disruption

June 25, 2024

Value-added textile exporters have vehemently opposed the proposed transition from the one percent turnover-based Final Tax Regime (FTR) to standard taxation at 29 percent of taxable profit. They argue that such a move, if implemented through the Finance Bill 2024, would severely harm exports and exacerbate the trade deficit, putting undue pressure on foreign exchange […]