India’s textile exports have plateaued during the past five to seven years. The domestic textile and apparel industry, including handicrafts, stood at $140 billion in 2018, of which $40 billion was exported to the world market.
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For the first time in its 40-year history India ITME Society, which organises key textile technology industry exhibitions, has opened its doors in Africa.
ITME AFRICA, to be held from February 14-16, 2020 at Addis Ababa, Ethiopia, shall cater to all developing textile markets and technology demand for all of Africa’s textile nations.
In May last year, the Coimbatore-based integrated textile manufacturing company KPR Mill Ltd inaugurated its first overseas garment unit in Ethiopia’s Mekelle Industrial Park.
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Duty Drawback Committee and the Government for considering the inputs given by the textiles and clothing industry and enhancing the rates marginally across the value chain.
The government encourages exports by refunding various taxes and levies so as to make all the exporting commodities remain competitive in the globalised environment.
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.