ACIMIT (Association of Italian Textile Industry Manufacturers) members are set to display latest Italian textile machinery at ITMA 2019 exhibition. The leading textile and garment technology expo will be held from June 20-26, 2019, in Barcelona, Spain. ACIMIT promotes the Italian textile machinery sector and supports its...
In the proposed budget, the export-oriented yarn producers are exempted from VAT. However, the government imposed 5 per cent VAT on sale of yarn for local markets. The yarn makers who are catering to the local markets mainly will have to face Tk 24 as VAT on...
A three-day apparel sourcing exhibition ‘Apparel Textile Sourcing Canada (ATSC)’ will begin at the International Centre in Toronto of Canada on August 19. “Like many other countries, Bangladeshi business entities will take part in the tradeshow for promoting Bangladeshi products in the Canadian market,” Export Promotion Bureau...
Tata Group's retail arm Trent Ltd is planning to raise up to ₹1,550 crore ($222.9 million) during the current fiscal to fund its expansion plans in India. About ₹950 crore will be raised from issuance of shares to promoter Tata Sons on a preferential basis, while the...
করোনা প্রাদুর্ভাবের নেতিবাচক প্রভাব পড়তে শুরু করেছে বাংলাদেশের অর্থনীতিতে। এরই মধ্যে দেশের অন্তত ১৪টি খাতে সমস্যা তৈরি হয়েছে। ট্যারিফ কমিশনের প্রাথমিক হিসাব বলছে, আমদানি-রফতানি সংকুচিত হওয়ায় কয়েকটি খাতে অন্তত ৬০০০ কোটি টাকার ক্ষতির আশঙ্কা রয়েছে। বিশেষ করে কাঁচামালের অভাবে দেশের বিভিন্ন শিল্প-কারখানার উৎপাদন সংকুচিত হওয়ার পাশাপাশি অনেক...
The inclusion of chapters 50-60 in the recently imposed additional tariff on Chinese imports by the US has put India in an advantageous position, according to the Confederation of Indian Textiles Industry (CITI). Indian textile industry has an opportunity to increase its exports to US, particularly cotton...
The India International Textile Machinery Exhibition Society (India ITME Society) organised a networking programme at Barcelona, Spain, along with ITMA 2019 on June 22, 2019.  ITMA is being held from June 20-26, 2019. The programme was held to highlight the strengths and opportunities offered by India, home...
Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent of Uzbek textile exports worth $250.2 million were shipped there. Exports of Uzbek textiles to China more than doubled from $90.9 million in...
Uzbekistan plans to raise textile export volume to $2 billion this year, according to Uzbek Textile Industry Association chairman Ilhom Haydarov. The government is planning to reprocess all cotton yarn produced in the country domestically by 2025 and hike export of textile items to $7 billion, he...
The UK government is inviting organisations to apply for funding under a multi-million pound grant scheme to boost recycling of textiles. This could include machinery for recycling textiles, technology for disassembling or sorting textiles, automated processes for removing items such as zips, and technology to sort textiles...