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).
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To add wow factor to home wear, KARL MAYER created a crinkle-effect look made on an HKS 4-M EL. The look is beautiful and comfortable and is inspired by the trend towards “stay-at-home†feel-good clothing.
Arindam Choudhuri is appointed as the new Chief Executive Officer of Fineotex Chemical. As per the chemical producer, the company will expand its offerings in terms of new products.
Moda Biella in collaboration with NIFT announced a contest for the students where the winner gets a chance to feature the designs in the Moda Biella Collection. The webinar was conducted for 14 NIFT centres. Moda Biella, the Italian luxury heritage fashion brand producing superfine exotic fibres, had forayed into the Indian market by partnering with textile manufacturer OCM.
The government extended loan for four years with repayment of only interest in the first 12 months under Emergency Credit Line Guarantee Scheme (ECLGS).
The government is aiming at notifying the production-linked incentive (PLI) scheme, that was announced to boost domestic manufacturing, for sectors like auto components, steel, and textiles.
The $15 billion garment export sector faced a big blow as many states in India announced lockdown and restrictions on industries due to the Covid-19 pandemic.