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TMMA 55th AGM focuses on exports, R&D
The Textile Machinery Manufacturers´ Association (TMMA) (India) hosted a 55th Annual General Meeting on August 13, 2015 at Sunset Lounge, Hotel Trident, Mumbai.
International Textile Fair Dubai 2015
Dubai World Trade Centre, U.A.E : The International Textile Fair returns to the Dubai World Trade Centre for its second annual outing on 11th and 12th October, 2015. At a time when the global trade and apparel sector is expanding tenfold per annum, the ITF has gained prominence as an elite textile expo with an intercontinental outlook.
ASEAN to become ´world´s factory´ in a decade
Rising labour costs, among other reasons, have driven Chinese manufacturers to set up operations in Southeast Asian countries. A study by ANZ Bank economists suggest that Southeast Asia would take over from China to become the ´world´s factory´ in the next 10-15 years, citing its youthful workforce and strategic location as catalysts for this shift.
French textile machinery seminars in Uzbekistan
This April 2015, UCMTF, the French textile machinery manufacturers ´association was invited by Ilkhom KHAYDAROV, Uzbek Minister in charge of the textile industry and Chairman of the Board of the state joint-stock company for the light industry ´Uzbekyengilsanoat´, to organise two seminars in Uzbekistan.
Knitted fabrics excluded from MEIS benefits!
The government has announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS).The fresh list issued by the DGFT included exports of cotton fabrics to Bangladesh and Sri Lanka for 2% credit benefits, but excluded value-added items like knitted fabrics under MEIS scheme.
Demand side management in textiles in Bangladesh
Trade encouragement policies of the western countries, availability of cheap labour and low energy costs have provided Bangladesh with huge potential in the global clothing market, especially in EU and the US, feel Rakesh Kumar Goyal and Dr RP Agarwal
Since the government has included textile and textile equipment manufacturers under the ´Make In India´ programme, there were high expectations for help from the budget for achieving its high potential for increasing industrial production, generating additional employment and improving export earnings. Budget brings no cheer to either of the industry.