News Tags

Related Keywords: boost textile and clothin sector, Custom rebates, DLTL, for next five years, GSP Plus facility, introduce special gas and electricity tariff, of exporters, Pakistan textile policy, PRGMEA, sales tax rebate, to release all stuck up claims, urged government

Muhammad Naseer Malik, Vice Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) appreciating the government of Pakistan for announcing an ambitious Textile Policy for next five year 2014-19 has urged the government that all stuck up claims of the exporters including DLTL, Custom Rebates, Sales Tax Rebate etc need to be released within a month.

Related Keywords: attract new industries, formulating new textile policy include incentives, given by states like, Gujarat and Tamil Nadu, largest cotton growing district, Maharashtra, mega textile park, new policy in line, Telangana government, Textile Park, Warangal, with national policy

The Telangana government is formulating a new textile policy which will include incentives that match with those given by states like Maharashtra, Gujarat and Tamil Nadu to attract new industries. The new policy will be in line with the national policy.

The state government has decided to set up a mega textile park in Warangal, the largest cotton growing districts in the state and has sought clearances from the Centre for the conversion of forest land for it.

Related Keywords: act as an export gateway, Aditya Birla, Assocam, between India and Turkey, broaden business horizon, Custom Union, jute, leather, Mahindras and Mukesh Ambani groups, opened an office in Kolkata, present in Turkey, promote trade and investment, signed MoU, Tatas, TICCI, trade of textile, Turkey, with EU

Turkey has customs union with the European Union and thus acts as an export gateway to the EU. To promote trade and investment between India and Turkey, the Turkish Indian Chamber of Commerce & Industry (TICCI) has opened an office in Kolkata. TICCI has also signed a MoU with Assocam to broaden the business horizon for the two countries

TICCI President Ersin Karaoglan said that the chamber is focusing on automotive spares as well as tourism and education for bilateral business cooperation.

Related Keywords: availing cenvat credit, centres move, Cotton textile export promotion council of India, double time limit, GST, impact overall cost, imported raw material, increase in service tax, Make in India campaign, measures for speedy refund, on input to one year, special additional duty, Technology Upgradation Fund, Texprocil, Textile Industry

The Cotton Textile Export Promotion Council of India (Texprocil) welcomes the Centre’s move to double the time limit for availing Cenvat credit on inputs to one year. It has also expected the increase in service tax by two percent to 14 percent to impact the overall cost.

However, RK Dalmia, Chairman, Texprocil said that the government should have announced measures for speedy refund of service tax on export-related services.

The special additional duty on various imported raw material and inputs was announced, but unfortunately no mention of textile items in it.

Related Keywords: business communities, cross-border investments, Double Taxation Avoidance Agreement, efforts to raise awareness, export flow, increase import, Investment Promotion and Protection Agreement, Pakistan and Mauritius, strengthen bilateral trade, textiles and apparel

Major General Ulfat Hussain Shah, the outgoing High Commissioner of Pakistan to Mauritus paid a courtesy call yesterday on the Prime Minister, Sir Anerood Jugnauth, at the Treasury Building in Port Louis, to bid him farewell after having served for two years in Mauritius. They also discussed on strengthening the relation between Pakistan and Mauritius.

Related Keywords: BKPM, garment industry, Indonesian government plan to apply tax allowance, Investment Coordinating Board, labour intensive industries, textile business community

Indonesian government is planning to apply existing tax allowances to labour-intensive industries that includes garment industry in an effort to reach its 2-million-a-year job-creation target. However, at the moment the allowance applies to just 129 business sectors, ranging from plantations to real estate.

Related Keywords: create Scottish National archive, Galashiels, home of new scottish centre of textile, house historic and contemporary designs, produce high quality textiles, School of Textile and design

Galashiels is set to become the home of a new Scottish Centre of Textiles however plans for the centre are still in the early stages. First on the list is to create a Scottish National Archive, which would house both historic and contemporary designs.

The industry has been through a difficult period, with many of the traditional mills closing with the loss of hundreds of jobs.

The people behind the project have spent many years campaigning for the centre to be based in the Borders, worldwide known for producing high quality textiles.

Related Keywords: BT resistance in cotton bollworms, cotton standardisation system, duty on imported yarn, Faisalabad garment city, Faisalabad garment city training centre, increase raw cotton export, Karachi garment city, monitoring and management, National assembly on textile industry, Pakistan textile city, PSDP bugetary proposal given approval

At the 7th meeting of National Assembly Standing Committee on Textile Industry was held on Monday, PSDP Budgetary proposals worth Rs 69.370 billion was given approval after a detailed discussion for the year 2015-16. Also Faisalabad Garment city phase 2 worth Rs598.5 million, Faisalabad Garment City Training Centre costing Rs60 million, Karachi garment city phase 1, amounting Rs805.119 million, were discussed in detail.

Related Keywords: bilateral trade, boost textile industry of Yorkshire, Britain Mexico trade link, double digit growth, Fox Brothers, largest inward investor major British brands, largest market for goods exports, Lovat and Bradford-based William Halstead, range of garments and accessories

Strong trade link between Britain and Mexico likely to boost up textile industry of Yorkshire, as, trade between the UK and Mexico is enjoying double-digit growth, with bilateral trade in 2013 totaling £3.3bn, an increase of 15 percent on the year before, according to UK Trade & Investment.

Mexico is the UK’s fourth largest market for goods exports, and the UK is Mexico’s fifth largest inward investor. Mexico is the UK’s second largest trading partner in Latin America.

Related Keywords: digital printing, East China Fair, exhibitors and visitors, fashion, home furnishing, Japanese technology firm Toray, national and internation fashion, Shartex International Trading, strong trade relation, Textiles

The 25th East China Fair 2015, a prestigious and preferred exhibition that attracts hundred and thousands of exhibitors and visitors of national and international fashion, gifting, and home furnishing business community opened on 1st March at the Shanghai New International Expo Center in the Pudong New Area. The fair will go on till Thursday, 5th March.

Companies taking part in the East China Fair are targeting the higher-end market to be more competitive but the still-weak global economy and sluggish demand loom large in their strategic planning.