In the market year 2017 (Oct1, 2016 to Sept 30, 2017) the American wool exports has rebounded strongly with a 24 per cent increase in total exports to 8.64 million pounds clean weight compared to the previous market year.
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With the onset of GST regime, there have been a lot of concerns amongst the member-exporters regarding LUT/BOND/Bank Guarantee, refunds, fate of export promotion schemes, etc.
The Turkish Suteks Group, which acquired the Dutch Braez brand two years ago, is preparing to bring the clothing retailer to Turkey, according to Founder, Nur Ger. Ger, who belongs to a family well-rooted in the business, is the owner of Braez, which has 250 stores abroad, together with other Turksh brands.
With the onset of GST regime, there have been a lot of concerns amongst the member-exporters regarding LUT/ BOND/ Bank Guarantee, refunds, fate of export promotion schemes etc. To address the concerns of the exporters, the Indian Textile Accessories And Machinery Manufacture Association (ITAMMA), organised the seminar on imports and exports.
Despite facing difficulties, the garment and textile sector in Vietnam is expected to export products worth $31 billion this year, a year-on-year increase of 10.2 per cent, and the outlook is bright for next year too, the Viet Nam Textile and Apparel Association (VITAS) has said.
This past 29 November, the Italian training centre for textile machinery opened in Ho Chi Minh City (Vietnam), at the Ho Chi Minh City University of Technology (HCMUT).
The Indian government has announced fresh incentives worth Rs 8,450 crore to boost exports and support the MSME and labour-intensive industries. The incentive came as a part of the mid-term review of India’s Foreign Trade Policy (FTP) 2015-2020.