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cash incentives
2017-05-11 11:00:00
Shandong Ruyi to invest $410 mn at its facility in Forrest City
China’s largest cotton textile manufacturer, Shandong Ruyi Technology Group, to make investment to the tune of $410 million in a manufacturing facility in Forrest City. Ruyi has agreed to
2016-04-21 13:00:00
Pvt cos exempt from withholding VAT at source under new VAT law
Currently, all limited companies have to deduct VAT at source while receiving supplies and deposit the money with the exchequer as per the VAT law 1991. But the new VAT law allows only public
2016-02-01 13:09:00
Bangladeshi govt to reduce tax for garment manufacturers
In order to help exporters upgrade factories and boost investments, government of Bangladesh is set to revive the option of reduced corporate tax rate for the garment sector. From fiscal year
2015-03-16 12:15:00
Global demand lures Bangladeshi home textile manufacturers to make invest
Bangladeshi home textile entrepreneurs despite challenges like European Union’s GSP facility to Pakistan and current political turmoil are lured to make more investment in the sector due to
2015-03-07 11:00:00
Bangladeshi terry towel makers badly hit due to drop in cotton price
More than 16 big terry towel factories of Bangladesh have been closed in recent times due to drop in cotton prices across the global as they are gradually losing international competition. The
2014-10-17 17:00:00
Pakistan Textile policy fails to get approval despite negative growth in textile exports
The new textile policy of Pakistan which carries measures to increase country’s textile exports to $26 billion by the year 2019 is yet to get approval. It’s being delayed despite the
2014-04-14 09:30:00
Bangladesh decides on increasing incentive to support its RMG sector
The Bangladesh Ministry of finance has decided to give more cash incentive for all types of ready-made garment (RMG) items. The decision was taken to lessen the losses incurred by RMG exporters due
2014-02-28 09:25:00
Surat textile preparing to grab orders this marriage season and upcoming election
Surat, biggest man-made fabric (MMF) sector is getting ready grab continuous flow of orders as the demand for textile likely to increase due to the ongoing marriage season and forthcoming Lok Sabha
2022-04-07 03:22:47
Pacsun partners with thredUP to launch resale platform
US-based apparel retailer, Pacsun, has launched a new resale service- "Pre-Loved Pac" in collaboration with thredUP, one of the largest online resale platforms for women's and kids' apparel, shoes,
2017-12-23 11:00:00
Pak’s exports of value added textile products post growth of over 12pc
Pakistan’s total exports of the textile sector reached $5.51bn in July-November against $5.11bn a year ago, reflecting an increase of 7.66pc. The share of textile and clothing sector in
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