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Bangladesh mills demand withdrawal of VAT & duty on MMF
In order to meet the demand of the non-cotton fashion industry, the textile millers in Bangladesh have demanded a withdrawal of value added tax (VAT) and import duty on all kinds of manmade fibres (MMF).
Two Tamil Nadu mills announce closure due to COVID-19
Lambodhara Textiles Ltd announced the suspension of operations from May 24, 2021, until further notice. Loyal Textile Mills Ltd, which had earlier announced its Q4 FY21 results, decided to close operations for a week for COVID-19.
Bangladesh garment factories face risk of labour unrest
538 manufacturing units face a risk of unrests due to lack of Eid-ul-Fitr festival allowance, wage payments, mass termination, etc. The government ordered owners to pay April wages and festival allowance by May 10, 2021.
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