The Indian government has decided to extend the timeline for setting up facilities under its Production Linked Incentive (PLI) scheme from two years to over three years. This adjustment aims to improve the scheme’s effectiveness in boosting India’s textile exports, which saw a
The Ministry of Textiles (MoT) has approved seven startups under the GREAT scheme to foster innovation and sustainability in technical textiles. Smt. Rachna Shah, Secretary, Ministry of Textiles, announced this during the 7th meeting of the Empowered Programme Committee (EPC) of the National Technical Textiles Mission (NTTM). The GREAT scheme supports young innovators,
Bangladesh’s apparel export sector is seeking tax breaks and extended policy support in the upcoming budget due to a slowdown in global demand and rising production costs. This includes a significant reduction in source tax and VAT relief on raw materials, which can help them navigate challenging economic pressures. The garment factories have requested the […]
The Confederation of Indian Textile Industry (CITI), while appreciating efforts of the Indian Textiles Ministry for implementing pivotal policy measures, has also sought sufficient availability of cotton and manmade fibres at internationally competitive prices. To improve the cost competitiveness of the cotton value chain, CITI has given policy recommendations like removal
The Mexican President has signed a decree to impose temporary import tariffs of 5 to 50 percent on 544 commodities which includes textiles, apparels, footwear, wood, plastics, steel, aluminum, etc. According to the decree, textiles, apparels, footwear and other products will be subject to a temporary import tariff of 35 percent and will be valid […]
The Gujarat High Court sets aside the Centre’s notification removing anti-dumping duty (ADD) on the import of purified terephthalic acid (PTA) imports from Korea and Thailand. In a major relief for the domestic manufacturers, the Gujarat High Court order will force the government of India to levy ADD with immediate effect. PTA is a major […]
The Indian government is considering measures to boost domestic production capabilities of manmade fibre or synthetic yarns and fabrics by offering subsidies and tax incentives. The government will also help to set up advanced manufacturing units, and strengthen the sector’s overall competitiveness, according to two people aware of the matter. “The government is
The European Parliament has given its approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour. “Member state authorities and the European Commission will be able to investigate suspicious goods, supply chains, and manufacturers,” a press release informed. If a product is deemed to […]
The Office of the US Trade Representative (USTR) is solidly behind the American textile sector and is taking concrete steps to protect and bolster the industry. This was said by USTR Ambassador Katherine Tai while speaking at the annual general meeting of the National Council of Textile Organizations’ (NCTO). Tai while addressing textile industry representatives […]
The US Department of Homeland Security (DHS) launched an enhanced strategy to combat illicit trade and level the playing field for the American textile industry, which accounts for over 500,000 US jobs. Two of DHS’s agencies, US Customs and Border Protection (CBP) and Homeland Security Investigations (HSI), will further enhance their work together to safeguard […]