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.
Browsing: Textile Industry
On September 8, 2018 during the Annual Conference 2018 of the International Textile Manufacturers Federation (ITMF) in Nairobi/Kenya, the Committee of Management of the Federation elected the members of the Board for the period 2018-2020.
Karl Mayer has announced that Korea’s Don-Jin Textile has installed 1,25,000th jacquard raschel machine – RSJC5/1EL. The new jacquard raschel machine has been specifically modified and offers maximum patterning flexibility.
The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
Vietnamese textile and clothing (T&C) enterprises are losing their competitiveness due to high costs of logistics services for exports, experts have said.
The International Textile Manufacturers Federation (ITMF) unanimously elected Kihak Sung, chairman of South Korea-headquartered Youngone Corporation, as the new president of the Federation for 2018-20.
A.T.E. has partnered with Screen O Tex India Private Limited, Ahmedabad, India for the marketing and sales of textile screens in South India and Bangladesh.