Three European ambassadors to Bangladesh yesterday visited Plummy Fashions in Narayanganj to witness environment-friendly knitwear production in the world’s first platinum-rated LEED-certified factory.
India has imposed anti-dumping duty on the import of jute sacking cloths from Bangladesh which will have a positive impact on West Bengal's ailing jute sector.
FAISALABAD: Textile exporters have suggested paying 7.5 per cent sales tax instead of 17 per cent, and warned if 17 per cent sales tax is imposed on the textile sector, it would block their Rs 500 billion refund capital inside the market that would cause a surge in unemployment and sharp drop in exports.
Says this facility must be extended to Mudra and SHGs, too. An expert committee of the Reserve Bank of India (RBI) on Micro, Small and Medium Enterprises (MSMEs) has suggested doubling collateral-free loans for these units.
Experts say the move will delay the process of issuing refunds.
NDO – Vietnam’s textile and garment sector posted a total export revenue of US$11.43 billion in the first four months of this year, a year-on-year increase off 9.56%; however textile and apparel products were exported mainly to traditional markets.