New Delhi, 11 June (KNN) After the comments of Union Commerce Minister Piyush Goyal on dependence under subsidies given by the Central Government, Tiruppur Exporters Association (TEA) has raised its concern on proposal of government to remove subsidy given to the readymade garment sector.
For the upcoming Budget 2019-20, the Finance Ministry led by Nirmala Sitharaman may consider fiscal incentives such as interest rate subvention and lower tax rates for up to certain turnover threshold for key MSME sectors, IANS reported, adding that the ministry is also keen on boosting employment and exports for MSMEs.
Speaking on the sidelines of the G20 Ministerial Meeting on Trade and Digital Economy, Commerce Minister Piyush Goyal called for more participation by Micro, Small, and Medium Enterprises (MSMEs) of developing nations in domestic and global trade, media reports said.
SPARTANBURG, S.C. — June 11, 2019 — Milliken & Company (“Milliken”), a global diversified manufacturer with more than a century and a half of textile expertise, today announced that it signed a definitive agreement to acquire Polartec, LLC (“Polartec”), a strong global brand known for its innovative performance textiles for outdoor and military apparel, from Versa Capital Management, LLC (“Versa”). The acquisition is expected to close in June.
MEXICO CITY — Gary McKay, an entrepreneur from Australia, had run factories in China for 15 years before he moved to Latin America and eventually settled in the central Mexican city of Puebla.
The Union Minister of Finance Nirmala Sitharaman started her Pre-Budget Consultations with different stakeholder Groups in connection with the forthcoming General Budget 2019-20 in New Delhi on Tuesday.