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Related Keywords: customs duty, Federal Board of Revenue, immediate relief as huge quantity of cotton, imports of raw and ginned cotton, notification states, stuck at ports for clearance, textile millers, textile sector will avail benefits, withdrawn sales tax

The Federal Board of Revenue (FBR’s) notification states that textile sector will avail the benefits on imports of raw and ginned cotton having withdrawn sales tax and customs duty on cotton imports on Tuesday in line with the government’s order, a move that was resented by the growers.

The tax concession would provide immediate relief as huge quantity of cotton is stuck at ports for clearance since the ECC’s decision, said Asif Inaam, zonal chairman of All Pakistan Textile Mills Association.

Related Keywords: Appreal and Textile industry in Colombia, Colombiatex of the Americas, displaying various kinds of yarn, fibre manufacturing to finished fabric, gathers most select and specialized, J Korin, leading trade fair, manufacturers and commercializers, presence across the textile value chain, Surat based multi-divisional textile company, Textile Industry

Colombiatex of the Americas, a leading trade fair for Appreal and Textile industry in Colombia, that gathers the most select and specialized, manufacturers and commercializers, of the textile industry, a Surat based multi-divisional textile company, J Korin, having presence across the textile value chain from fibre manufacturing to finished fabrics, displaying various kinds of yarn at stand no # AM 066 in Yellow Pavilion during the three-day fair which kicked off on January 23, 2018.

Related Keywords: acquired 70 percent stake, bed linen and garment, expansion of business, expects exports to Europe, go up significantly, leading exporter of towels, Netherlands based Vespo Groep BV, textile made ups, textile market leader, United Towel Exporters, UTE, Vespo Groep

United Towel Exporters (UTE) leading exporter of towels, textile made ups, bed linen and garment from Karachi, Port city of Pakistan following acquisition of a 70 percent stake in the Netherlands based Vespo Groep BV hopes that its exports to Europe will go up significantly with the expansion of business.

Vespo Groep is a textile market leader in designing, producing and supplying products throughout Europe. The group’s expansion to Nordic countries will give a boost to United Towel’s export prospects.

Related Keywords: apparel including all handloom, brands and retailers from Asean, exports of all kinds of textiles, India, India-Asean weaving textile relation seminar, leverage strength in textile value chain, Minister for Textiles, one-stop sourcing destination, Smriti Irani, strengths in production

India has strengths in production and exports of almost all kinds of textiles and apparel including all handloom and handicraft products that demonstrate the unique skills of the country's weavers and artisans. To leverage country’s strength in textile value chain, Minister for Textiles Smriti Irani at a seminar on India-Asean weaving textile relations on Tuesday said that with the ability to produce a diverse range of products, India has the potential to become a one-stop sourcing destination for brands and retailers from Asean.

Related Keywords: Bangla Tossa Rejection, Bangladesh government, Bangladesh Jute Association, categories of jute, demand withdrawn soon, discourage growers, imposed ban on raw material exports, Jute Industry, on January 18, restrict overseas sales of the natural fibre, without consultation

The Bangladesh government imposed the ban on raw material exports on January 18 without any consultation with the Bangladesh Jute Association which they said that it should be withdrawn soon for the sake of the jute industry.

The Association yesterday strongly protested the ban on raw jute exports, stating that the move would restrict overseas sales of the natural fibre and discourage growers.

Related Keywords: 475 per maund, 675 per maund, above Rs 7, Buyers purchased better grades of cotton, buying remained firm, changed hands above Rs 7, deals for second grade of lint, demand for all grades, Demand for better grades of cotton, fetched a premium price, leading stations of lint market, Physical prices, Punjab and Sindh, remain firm, trading session

During trading session at leading stations of lint market in Punjab and Sindh, buying remained firm with demand for better grades of cotton which fetched a premium price. Buyers purchased better grades of cotton above Rs 7,675 per maund and deals for second grade of lint changed hands above Rs 7,475 per maund.

Related Keywords: 110 districts of North East are silk producers, delegates from 15 countries participating, Eighth edition of the International Conference, kicked off on 22nd January in Guwahati, on Wild Silk Moths, quality globaly, share knowledge on improving wild silk production, three day event

The eighth edition of the International Conference on Wild Silk Moths kicked off on 22nd January in Guwahati where delegates from 15 countries are participating in the three day event to share knowledge on improving wild silk production and quality globaly.

Minister of State for Textiles Ajay Tamta and Assam Handloom Minister Ranjit Dutta inauguarated the function yesterday. Union Minister of State for Textiles Ajay Tamta said that the Centre has taken slew of measures for the development of silk and textile sector.

Related Keywords: create stable manufacturing base, divided into two phases, each with an investment of $150 million, efforts to diversify the sectors, entire yarn project, India-based ShriVallabh Pittie Global Ventures Ltd, SOHAR free zone, start work on state-of-the-art cotton yarn project, subsidiary SV Pittie Sohar Textile FZC LLC, worth US$300 million

India-based ShriVallabh Pittie Global Ventures Ltd’s subsidiary SV Pittie Sohar Textile FZC LLC, to start work within two weeks on its state-of-the-art cotton yarn project worth US$300 million in SOHAR free zone. The entire yarn project has been divided into two phases — each with an investment of $150 million.

Related Keywords: African Growth and Opportunity Act, boost exports to United States, Chris Kiptoo, Export processing zone, in-depth review of current trade strategy, Kenya plan to conduct, Kenya exports to US, mainly textiles and apparels, Principal Secretary in the Ministry for Trade, success as well as to suggest interventions, take stock of its implementation

Kenya plan to conduct an in-depth review of the current trade strategy in order to take stock of its implementation and success as well as to suggest interventions to boost exports to the United States, Chris Kiptoo, Principal Secretary in the Ministry for Trade.

The first African Growth and Opportunity Act (AGOA) strategy for Kenya was developed in 2012. Under the trade agreement, most of sub-Saharan African countries are allowed to export some products duty free to the U.S. market. Kenya’s exports to U.S. comprise mainly textiles and apparels made in the export processing zones.

Related Keywords: Apparel Export Promotion Council, continuation of the duty-free import, duty-free import of samples, export value of garments, facing competition, forthcoming Union Budget, more incentives, round-the-clock customs clearance, sought number of interventions, speciality fabric, textile and garment companies, withdrawal of GST on air-freight

The Apparel Export Promotion Council has sought a number of interventions from the government, which include more incentives, continuation of the duty-free import of speciality fabric up to 1 percent of export value of garments, round-the-clock customs clearance, withdrawal of GST on air-freight and duty-free import of samples in the forthcoming Union budget, as the the labour intensive textile and garment companies are facing increasing competition from Vietnam and Bangladesh.