Indonesia will tighten restrictions on textile imports to shield local industries, according to foreign trade director general Indrasari Wisnu Wardhana, who has said the trade ministry will require all textile importers to receive government approval before they can ship in textile goods. The move will protect local products like certain yarns and fabrics.
Employers point to higher production costs for lay-offs. For the national workers' federation, redundancies are not a problem because most workers ‘found a new job in another company". Bangladesh risks being overtaken by Vietnam in garment exports.
A new Chicago startup is working to make slow fashion and sustainable shopping more accessible.
Chandigarh, October 15, The Centre’s recent notification, restricting the input tax credit (ITC) to 20% for an entity if its supplier has not uploaded relevant invoices, has not gone well with MSMEs of the region. The government has introduced the new rule to keep a check on fake ITC claims.
India's annual rate of inflation, based on monthly wholesale price index (WPI), for September 2019, stood at 0.33 per cent over September 2018.
VANCOUVER – On the opening day of this year’s Textile Exchange sustainability conference, here in Vancouver, Canada, Finnish fibre innovator Spinnova is showcasing a newly developed textile fibre based on wheat straw.