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Related Keywords: C&H garment in textile industry, Flagship investments, Foreign direct investment, government’s protection of investments, high confidence of foreign investors, increased in Rwanda, joint ventures with local investment, procurement of advanced technology, settlement of disputes, transfer of funds and special economic zone facilitations

Foreign Private Capital Census (FPC) 2015 latest report released by the central bank shows that Foreign Direct Investment (FDI) in Rwanda have increase by 78.1 pecent to US$458.7 million in in 2014 from US$ 257.6 million recorded during 2013 due to high confidence of foreign investors in Rwanda and the country’s attractiveness to foreign investment.

Flagship investments that were registered in 2014 include C&H garment in textile industry, Advanced Factory Units (AFUs) in call center manufacturing.

Related Keywords: attract FDI, create employment, Federation of Indian Exports Organisations, impart competitiveness to textile exports from country, package meets some of the outstanding demand of the sector, supplemented by the new Textile Policy, welcomes special package for the textile sector

Federation of Indian Exports Organisations President S C Ralhan welcoming the special package for the textile sector commented that the package meets some of the outstanding demand of the sector and will impart competitiveness to textile exports from the country, create employment and attract FDI.

The rebate on state taxes through duty drawback route and grant of duty drawback in case of import of fabric under Advance Authorization would add to cost competitiveness of exports.

Related Keywords: create dditional fifty million jobs, fabric and yarn sourcing, get USD one hundred fifty billion in foreign exchange annually, Indian textile and apparel sector, industry is shifting its base away from China, made-ups and textile industry, over next ten years, spur apparel, study commissioned by CII, triple in size

The Indian textile and apparel sector can triple in size over the next 10 years, get USD 150 billion in foreign exchange annually, and create an additional 50 million jobs by 2025 of which 35-40 million will be women employees, as per study commissioned by CII to the Boston Consulting Group (BCG).

The study estimated that if the industry achieves breakout growth, it will spur the apparel, made-ups and textile industry to reach USD 300 billion by 2025.

Related Keywords: detects duty evasion in nylon partially oriented yarn, Directorate of Revenue Intelligence, evades anti dumping duty, export oriented unit, NPO, Sarla Performance Fibres Ltd, to be exported in form of finished goods, Vapi-based firm, yarn cleared to domestic tariff area

The Directorate of Revenue Intelligence (DRI), Ahmedabad zonal unit on Wednesday brought to light a Vapi-based firm, Sarla Performance Fibres Ltd, a 100% EOU (export oriented unit) evading anti dumping duty in nylon partially oriented (NPO) yarn. The yarn was being cleared to the domestic tariff area (DFA), meant to be exported in form of finished goods, said a DRI official.

Related Keywords: adviser for textile value chain at the Ministry of Industry, commonly known as mitumba, government will supply clothes produced at EPZ, Kenyan government, local textile industry, Rajeev Arora, retail at same price as imported, start implementing plan, to mitumba traders, to reduce the impact of second-hand clothes, Trade and Cooperatives

The Kenyan government to start implementing a plan from next month to reduce the impact of second-hand clothes on the local textile industry, commonly known as mitumba.

Rajeev Arora, the adviser for textile value chain at the Ministry of Industry, Trade and Cooperatives at the launch of a report on Kenya's textile and fashion industry said the government will supply clothes produced at EPZ to mitumba traders, and they will retail at the same price as imported second-hand clothes.

Related Keywords: add glitter to MMF industry, boost textile exports from Surat, Dinesh Zaveri, duty drawback on spun fabric, eagerly awaiting fine print, filament fabric, nylon, special textile package announced by finance minister Arun Jaitely, Surat largest man-made fabric (MMF) sector, textile and garment sector, textile technocrat and secretary of MANTRA

The country's largest man-made fabric (MMF) sector in Surat now eagerly awaiting the fine print of the Rs6,000 crore worth special textile package announced by finance minister Arun Jaitely on Wednesday for textile and garment sector as it will add glitter to MMF industry.

Related Keywords: an international exhibition of home furnishings, D’decor, got underway in New Delhi on Wednesday, Heimtextil India, home textile collection, Nilkamal showcasing interior decor, Raymond, Reliance, take Indian textile products to new height, Top home fashion players, trade fair inaugurated by Delhi’s Minister for Industries Satyendra Jain, Welspun

Heimtextil India 2016, an international exhibition of home furnishings got underway in New Delhi on Wednesday, on the day India’s cabinet approved a package of measures to boost the textiles sector. The trade fair was inaugurated by Delhi’s Minister for Industries Satyendra Jain.

Related Keywords: Amended-Technology Upgradation Fund Scheme, attract investment, bring in flexibility in labour laws, Chinese textile and apparel industry, cleared special package for textile and apparel sector, create million new jobs, deal with rising competition, Fixed term employment, generate exports, increase subsidy, Union Cabinet

The Union Cabinet on Wednesday cleared a Rs 6,000 crore special package for the textiles and apparel sector with an aim to deal with the rising competition from China’s textile and apparel industry. The move, according to the government, would create 10 million new jobs in the next three years, in addition attracting investments of $11 billion and generating $30 billion in exports. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

In China, medium-length staple fiber and cotton-type staple prices rolled over in the second week of June.

Taiwan origin 3D bright ASF tow offers were stable at US$1.55-1.65 a kg while offers for regular products were at US$1.50-1.55 a kg, both rolling over last week.

Acrylic staple fibre prices remained stable on the week although acrylonitrile cost surged over past few week which has put ASF margins into red. Thus, ASF run rate was cut in China. Overall, trading activity was mute, given low buying interest ahead of the Dragon Boat Festival early in the week.

Related Keywords: acrylic staple fibre, acrylonitrile prices, ASF prices, asf prices in China, asf prices in India, asf prices in Pakistan

Asian ACN markers jumped US$5-15 a ton CFR Far East Asia and Southeast Asia in the second week of June. In China, offers for offshore cargoes remained unchanged during the week.

Acrylonitrile prices in Asia continued to track higher following a spike in prices last week amid continuing tight supply and also supported by rise in propylene cost.

In China, ACN prices marched higher in a snug market while offers for offshore cargoes rolled over amid lukewarm transaction.

Related Keywords: Acrylonitrile price in Asia, Acrylonitrile price in Europe, Acrylonitrile price in USA, asf producers, chemical grade propylene