From 180 textile mills in the past to about 20 today, the Nigerian textile industry has journeyed from boom to bust. DAYO OKETOLA analyses the Central Bank of Nigeria’s foreign exchange restriction on textile imports and the implication for the ailing industry.
Vietnam’s garment and textile exports exceeded $36 billion last year and is expected to top $40 billion this year, according to the Vietnam Textile and Apparel Association (VITAS), whose chairman Vu Duc Giang recently said 7,000 enterprises in the sector provide jobs to 3 million. The growth of industry rose from 12 per cent in 2010 to 16 per cent in 2018.
Vietnam exports its apparel and textile products to 180 countries.
On Tuesday, the rupee had appreciated by five paise to settle at 69.62 against the US dollar.
Chandigarh, April 23, A Patiala-based textile exporter has been awaiting State Goods & Services Tax (SGST) refund for the past three months. The delay in refund has cascading effect on the working capital of the manufacturer and also on outbound shipments.
Hyderabad, Apr 23 (KNN) The e-commerce player, Flipkart, has announced the launch of its datacenter in Hyderabad and investment in Telangana to strengthen its technology infrastructure in order to bring in more sellers and Micro Small and Medium Enterprises (MSMEs) to the platform.