The European Union (EU), which has provided Pakistan GSP Plus status, has proposed to work on a a five-year strategic partnership with that country.
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The Textile Ministry has decided to close down six jute mills of the Bengal and Bihar-based state-run PSU National Jute Manufacturers Corporation (NJMC).
After having had four rounds of talks, Pakistan is pinning hopes on signing a free trade agreement with Thailand. Matters that have been discussed relate to trade in goods, rules of origin, technical barriers to trade, trade remedies, customs procedures, legal and institutional issues and trade facilitation.
India’s Ministry of Textiles is constantly in touch with the Ministry of Commerce for signing an FTA with the EU to boost trade especially in the textile sector. This was revealed recently by Secretary, Ministry of Textiles, Rashmi Verma.
Garment sector in Myanmar is expected to earn $2 billion in 2016-2017. Exports from the garment sector earned nearly 1.7 billion dollars last year. The sector is likely to grow five times more than its current status and employ between 3,00,000 and a million laborers by 2024. The aim is to reach a garment export value of ten billion dollars by 2024.
India expects to produce 35.1 million bales (170 kg) this season beginning in October. India’s official body, Cotton Advisory Board met in Mumbai and decided on this year’s first estimate of cotton production.
Bigger, Better, Bolder: India-ITME Society, organisers of the ITMEs, by their own words, has struck the keynote for the 10th India-ITME 2016 edition, which is poised to scale a new peak of achievement by the sheer number of exhibitors, visitors and the space. The biggest achievements are the new exhibitors and the number of roadshows India-ITME Society has done to promote ‘Make in India’ – a dream project of the Modi-led Government. There were a total of 23 roadshows, including in some important Asian countries like Vietnam, Indonesia and Thailand.