As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.
Browsing: textile sector
As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales, the All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four per cent import duty on raw cotton by the Government.
To give a fresh impetus to its textile sector, the Bangladesh Government has introduced an electronic service to make the business process hassle-free. The textile sector in Bangladesh is one of the highest foreign income earning windows, currently sharing around 83 per cent of total export earnings.
According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY 2015-16 over FY 2013-14.
The Ministry of Textiles has proposed two new schemes – New Powerloom Credit Yojana and Solar Energy Scheme –for the powerloom sector.
Ramdev, yoga guru and founder of Patanjali Group, said that the brand is planning to foray into the textile manufacturing sector.
The Government of Lesotho aims to localise the textile manufacturing industry of Africa, which is currently dominated by foreign investors.