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Tax relief for Bangla exporters
In the budget for FY19, the Bangladesh government had set the corporate tax at 15 per cent for readymade garment (RMG) manufacturers and at 12 per cent for owners of green factories.
Korea’s Dong-Jin gets Karl Mayer’s 1,25,000th machine
Karl Mayer has announced that Korea’s Don-Jin Textile has installed 1,25,000th jacquard raschel machine – RSJC5/1EL. The new jacquard raschel machine has been specifically modified and offers maximum patterning flexibility.
Kihak Sung to head ITMF
The International Textile Manufacturers Federation (ITMF) unanimously elected Kihak Sung, chairman of South Korea-headquartered Youngone Corporation, as the new president of the Federation for 2018-20.
Cannes Nonwovens event on Oct 10-11
The global nonwovens market is projected to grow at 6.2 per cent annually over the next five years. The identification and commercialisation of new, disruptive technologies are critical to long-term growth.
CITI launches InnoTex 2018
CITI has launched “InnoTex 2018” for the first time in the history of Indian Textile & Clothing – an Innovation Contest in Design, Method, Process, Cost & Product in any of the textile related Sector like Ginning, Spinning, Weaving, Knitting, Processing, Garmenting and Technical Textiles.
Maharashtra’s cotton strategy to boost textiles
Maharashtra government recently declared 115 tehsils, or administrative zones, in 18 districts of Marathwada, North Maharashtra and Vidarbha regions as ‘cotton growing’ areas to boost the textile industry.