Mumbai (Maharashtra) [India], Jan 27 (ANI/BusinessWire India): Government has removed the benefit of 4 per cent MEIS on exports of Made-ups and Garments with retrospective effect from March 7, 2019.
In spinning segment, margins could be under pressure for the rest of FY20, owing to the impact of volatility in fibre prices despite a gradual improvement in export demand.
"Textile industry has high hopes from Union Budget 2020. Growth in textiles is through 'Man Made Fibers'. Govt. has to remove hurdles for accelerating growth of MMF.
Nigeria has set out to ensure the growth of cotton, textile and garment sector, apart from grains and vegetables, for sustained economic growth, according to minister of state industry, trade and investment Mariam Katagum, who recently said the government has finalised plans to establish agro-allied industries in each Senatorial district in the country.
With WTO Appellate Body in limbo, Govt gets time to replace schemes challenged by the US
BHUBANESWAR: The 17th National Handloom Expo 2020 has kicked off at Exhibition Ground here to provide an opportunity to weavers to sell handloom products of different places under one umbrella.