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).
Search Results: exports (2610)
As the global demand is picking up and global players are diversifying their supply chain, it is expected that Indian exports will show a gradual improvement in the next 2 years, says India Ratings & Research (Ind-Ra).
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.
The apparel exporters in Noida are experiencing a comeback of the export orders as the western nations are slowly opening up after the effects of the pandemic. Noida has around 3,000 apparel manufacturing units.
Strategic acquisition will accelerate Rossari’s growth story. The complementary business models will combine the strengths of both companies to build a stronger operating presence
In the recent years, India has emerged as one of the major players in the global home textiles market. Factors like traditional craftsmanship, local availability of raw materials, investments by companies in high-tech textile machinery, etc have helped India to become a preferred sourcing destination for home textiles.
In this interview, Thomas Waldmann, Managing Director, VDMA Textile Machinery Association, tracks changes taking place in textile engineering space and explains the importance of India for German textile machinery companies.