The Southern Gujarat Chamber of Commerce and Industry (SGCCI) recently submitted a representation to the Indian textile ministry for setting up of a textile machinery park in Surat for promoting indigenous manufacturing and reducing dependence on China, Japan, South Korea and Taiwan for such machinery. The delegation was led by SGCCI president Ketan Desai.
Garment manufacturers in Myanmar have completed collecting data to help them decide on a new minimum wage for workers, according to Daw Nwe Nwe Oo, who led the team that conducted the survey.
Buying from a small brand really makes the local economy thrive, rewarding their hard work with your patronage, allowing the creative artisan to grow and prosper.
GST Council, the federal indirect tax body, is set to make changes in tax rates of goods and services a yearly affair, moving away from frequent rate revisions to remove ‘uncertainty’ for businesses and the government, finance minister Nirmala Sitharaman said on Sunday.
The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said.
They also urged the buyers to consider the sustainable manufacturing units, which are complaints and green, as commercial investment to ensure their continued sustainability.