PHNOM PENH -- Robust exports to the U.S. are giving Cambodia's garment industry -- and its wider economy -- breathing room in the face of the coronavirus pandemic and a loss of key European trade privileges.
The DPIIT has shared a list of 24 key sectors including food processing, toys, furniture, agro chemicals and textiles with respective ministries asking them to work on an action plan with a view to boost domestic manufacturing and make India a self-reliant country, an official said.
While COVID-19 has disrupted India's unorganised weavers and artisans in the textile industry, the Union Ministry of Textiles has launched a slew of incentives to resurrect the ailing sector.
After witnessing a sharp decline since April, readymade garment exports have started picking up. In April, exports dropped by around 91.04 per cent in dollar terms, gradually, as exports started recovering the drop in August was 14 per cent.
NEW DELHI : The entire sum of compensation owed to states on account of shortfall in collections of Goods and Services Tax (GST) will be “honoured", the union government said on Monday.
Months ago, as Tamil Nadu, like many other states, closed its borders to prevent the spread of novel coronavirus, thousands of migrant labourers took to the road barefoot to reach their homes.