Surat: Prevailing recession in textile industry has forced owners of textile processing units in GIDCs of Sachin and Pandesara to keep their units shut for three days in a week to cut down on production and overproduction of finished polyester fabrics.
Bangladesh Garment Manufacturers and Exporters Association president Rubana Huq speaks at a knowledge-sharing event on creating the business case of ‘MFS-Based Wage Digitisation in the RMG Sector’ organised by the International Finance Corporation in Dhaka on Tuesday.
The National Board of Revenue has issued two separate notifications extending the effectiveness of the reduced corporate income tax rates for the readymade garment sector by one year and for the textile sector by three years.
Readymade garment (RMG) exports are picking up after a slump lasting almost two years, buoyed by the government increasing tax rebate and helping the sector with other measures.
India’s leading knitwear/readymade garment cluster — Tirupur Exporters’ Association (TEA) has asked its member companies/exporters to send their consignments through GPS-fitted vehicles to stop garments theft on the way to Tuticorin port.
More than 600 acres of BTMC lands are unused across the country.