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Egypt to build biggest textile city
Egypt’s Minister of Industry and Foreign Trade Tarek Kabil announced the start of the building procedures of the biggest city for textiles and clothing in Egypt on a land space of 3.1 million cubic meters in Al-Sadat city.
Brazil prospects to figure in OUTLOOK™ Plus Latin America’s 2nd edition
Welber Barral, Ph.D., a leading expert in Latin American foreign trade, will be the keynote speaker at the second edition of OUTLOOK™ Plus Latin America on March 7-9, 2017 in São Paulo, Brazil. The conference is organised by the global nonwovens trade associations EDANA and INDA.
The Directorate General of Foreign Trade (DGFT) has issued Trade Notice No. 21/2015-20 dated March 23, 2016 reconstituting the Board of Trade as per the provisions given in the Para 300 of Foreign Trade Policy Statement 2015-2020. The objective is to have continuous discussion and consultation with trade and industry.
Volatile & declining markets impact Indian textile industry
The 57th AGM of the Confederation of Indian Textile Industry (CITI) held in Mumbai portrayed a dismal picture of the textile industry in India. It was none other than the Chairman, Prem Malik, who painted and highlighted the negative trends that are smothering all the hopes for the textile industry.
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.
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