The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
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To attract higher foreign investment in the textile sector, India has planned a complete overhaul of a scheme to create world-class infrastructure facilities for setting up textile units.
Stäubli’s Safir range of drawing-in machines delivers maximum benefits to home textiles customers.
The government encourages exports by refunding various taxes and levies so as to make all the exporting commodities remain competitive in the globalised environment.
With the motto ‘Prosperity Through Technology’, ITME AFRICA 2020 the first of its kind business and technology event shall be hosted in Addis Ababa, Ethiopia from 14th to 16th February 2020.
Ghana’s high commissioner to the United Kingdom Papa Owusu-Ankomah recently urged Ghanaian garment and textile manufacturers to take advantage of the opportunities in the UK and European markets following Brexit.
Huntsman Textile Effects and Xenon arc has announced formation of NaviColor, a dedicated marketing channel to service unique needs of select customers in the United States textiles and apparel industry.