Fung Group and Ruyi Group have announced a strategic partnership to jointly develop new growth opportunities in the global textile and garment sector, specifically in the emerging Africa market.
Browsing: Garment Industry
In the post-GST implementation period, the exports of garment and made-ups have been struggling due to inadequate export benefits and tariff barriers in the global market.
With portfolio expansion and future development of the industry in sight, the organisers of Texprocess India and Gartex India have entered into a strategic alliance to form a unified industry platform ‘Gartex Texprocess India’
Overall, there will be fifteen Italian textile companies exhibiting in a common space at the forthcoming Colombiatex, all ACIMIT associated members.
In the budget for FY19, the Bangladesh government had set the corporate tax at 15 per cent for readymade garment (RMG) manufacturers and at 12 per cent for owners of green factories.
For many parents today, this is definitely not the only question they ask. Instead, clothing and textile products that are harmless to health and manufactured in an environmentally friendly and socially acceptable manner are much more in demand.
A recent Indian government’s move to introduce rules of origin (RoO) in the name of protecting its local garment manufacturers might severely hurt Bangladesh’s export growth to its neighbour.