Industry

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

Textile Insights 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

Trade & Market

India Signs 10-Year Chabahar Port Deal: Key Move For Central Asia Trade

Textile Insights June 14, 2024

India has signed a landmark 10-year agreement with Iran to operate the Chabahar Port, marking a strategic move to bolster its foothold in Central Asia. The deal, between Indian Ports Global Ltd. (IPGL) and Iran’s Port and Maritime Organisation (PMO), grants India control over the Shahid Beheshti terminal at Chabahar, a critical component of the […]

Policies

Govt Sets Minimum Price For Imported Synthetic Fabrics For 6 Months

Textile Insights March 17, 2024

In a bid to regulate imports and protect domestic manufacturers, the Central government has announced the imposition of a minimum import price on certain categories of synthetic knitted fabrics. The decision, made under the Foreign Trade (Development & Regulation) Act, 1992, and in accordance with the Foreign Trade Policy, 2023, aims to ensure a level […]

Trade & Market

India and EFTA Sign Trade & Economic Partnership Agreement

Textile Insights March 10, 2024

India and the European Free Trade Association (EFTA) signed a Trade and Economic Partnership Agreement (TEPA) on March 10, 2024 Addressing on the occasion, Piyush Goyal, Minister of Commerce and Industry, Food and Consumer Affairs, and Textiles, stated, “TEPA marks a modern and ambitious trade agreement. For the first time, India is signing an FTA […]