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Garment cos call for FTAs with EU, UK, US, Australia
Readymade garments exporters have asked the government to expedite free trade agreements with high potential markets such as the EU, the UK, the US, Australia and Canada which could lead to exports doubling in three years’ time.
Indian firms eyeing Africa for apparel manufacturing
Abundant young talent, simple trade agreements, income tax breaks, cheap labour and power, friendly tax laws, strategic geographical position and the announcement of African Continental free trade area (AfCFTA) makes Africa the preferable destination for apparel manufacturing industry.
Apparel park in Erode to provide 7k jobs
The first integrated apparel manufacturing park in Tamil Nadu’s Erode district, called Gobi Apparel Park, will come up at Kolapalur village in Gobichettipalayam. With a cost of Rs 106.58 crore, it is expected to provide jobs to 7,000.
Textile renaissance in USA
Textile and apparel manufacturing in the USA is staging a comeback and even companies based in India and China are investing in US facilities, according to a report in the latest issue of Textile Outlook International.