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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).
Exports from Cambodia to the US soar by 17% in Q1
According to US Census Bureau, exports from Cambodia to the US were $6.6 billion in 2020, which was 22.79% higher than that of last year. Q1 of this year saw total exports of $1.86 billion even amid stoppages.
India imposes duty on cotton imports
On February 1, Nirmala Sitharaman, Union Finance Minister of India introduced the Indian budget for the financial year 2021-22.
Well Begun is Half Done
The new Modi Government seems to really mean business. The Textile Draft Policy, which is very comprehensive, signals the governments serious intent towards the textile industry.
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