TOKYO -- Bangladesh's economy is expanding beyond apparel production to sectors such as information technology as the country's rapid economic growth stimulates investment, Prime Minister Sheikh Hasina told Nikkei's Future of Asia conference in Tokyo on Thursday.
Gov. Asa Hutchinson today visited the Tian Yuan Garments factory at the Little Rock Port and said the company was increasing its original $20 million investment in equipment and buildings to $30 million.
To give a boost to the labour-intensive textile sector, a high-level expert panel constituted by the Commerce Ministry has recommended a review of free-trade pacts with countries such as Bangladesh that have zero-duty access to the Indian market, amendment of labour laws to allow flexibility in hiring and firing and fast-track disbursal of subsidies for technology upgradation.
NEW DELHI: Return forms proposed for the goods and services tax (GST) are set to put an end to one of the widely used methods for tax evasion—claiming rebate for tax that was not paid in the first place.
The Indian rupee opened higher by 11 paise at 69.72 per dollar on Thursday versus previous close 69.83.
The Confederation of Indian Textile Industry (CITI) plans to appeal to the new government to provide policy support to the textile and clothing (T&C) industry.