Textile traders in Andhra Pradesh have renewed their demand with the government to withdraw the five per cent VAT levied on them. They say the trade is largely unorganised and this is causing a burden to them.
According to Santosh Chokhani, vice president, Andhra Pradesh Federation of Textile Associations, no other state has VAT on textiles. He said the small entrepreneurs are badly hit. This apart, the Andhra Pradesh government has brought the textiles under the ‘sensitive commodities’ with ef
With reference to reports appearing in sections of the Bangladeshi media, the Indian High Commission in a statement Monday said that no new Countervailing Duty (CVD) has been imposed in the Indian Union Budget 2013-14 on Ready Made Garment (RMG) imports into India. The CVD of 12.36 per cent which existed on RMG imports in 2012-13 continues without any change.
India has granted duty-free, quota-free access to 46 textile tariff lines of greatest sensitivity to Bangladesh which was notified on Se
The government, which is going to complete its five-year tenure on March 16, failed to formulate a broad-based agriculture-cotton policy. Pakistan does not has a broad based agriculture policy to address various issues creating hurdles in the progress and development of agriculture sector, which play a key role in the country's economy by contributing 21 percent to the GDP.
Pakistan is the fourth largest cotton producer in the world but contributes only two percent to global cotton trade due t
The National Strategic Textiles (Enatex) announced in 2012 that the exports are expected to reach 200 million in Bolivian exports, according to the production manager Jaime Blandon.
The executive said that in early December last year were 14 million Bolivian exports to about 3 million in sales in the domestic market.
Colombian national executive said that since the state administration of the three floors of what was American Textile Company (Ametex) Iberkleid Marcos has not fired any of the 1
Garment industry employs up to 300,000 women in Kyrgyzstan. The information was voiced at a parliamentary session.
According to the deputy Roza Aknazarova, annual turnover of garment manufacturers amounts to several billion soms. “Basically, this sector employs women. But the development of light industry is slowed down by the total system of tax collection. Once the sewing workshop increases, so does the tax rate. And customs payments are inadequate as well. Garment workers are forced to oper
Australia is set to become the world’s second-biggest exporter of raw cotton, trailing only the US, after last year’s record harvest and another good crop expected next month.
The Australian Bureau of Agricultural and Resource Economics and Sciences predicts Australia will export an unprecedented 1.1 million tonnes of cotton in 2012-13, 11 per cent more than in 2011-12.
But cotton production this season will not exceed last year’s record crop, falling by 21 per cent from last year’s 1.2 milli
Cotton prices have increased significantly over the last eight months, a period when the harvesting is intensified and Brazilian cotton exports move up. The 2011/12 season (harvested in 2012) was the second highest in history, and purchasers expected significant price drops in Brazil, which was observed in the first semester of 2012. However, the trend changed and domestic and export demands underpinned prices.
In the second semester of 2012, significant volumes exported recovered prices reduci
Cotton textile exports are expected to grow by 9 per cent at USD 9.56 billion in the current fiscal as against USD 8.42 billion in the previous year despite adverse market conditions in key markets of the US and European Union, an industry body said today. “Cotton textiles are amongst the select few items in the textile and clothing basket that have shown positive growth in exports during the current fiscal (2012-13). “Current trends in exports indicate it will surpass the target of USD 9 billio