Industry News

Date : 2016-10-09


Source: New Indian Express

ROURKELA: After a slow start, the fashion garment sales has picked up pace in the last few days. A release of ex gratia to public sector steel workers for Durga Puja is adding to the festive shopping spree. Around `10,000 each was released to nearly 12,500 senior employees while `8,000 each was released to around 1,500 new joinees of RSP on Friday. Similarly, a sizeable number of South Eastern Railways Group B and C workers received `17,951 each.

Date : 2016-10-03


Source: The Hindu

With the cotton season that spreads from October of every year to September of the following year all set to begin, small and medium scale garment manufacturers are looking up to the state government for steps to procure cotton needed for consumption within the State.

Date : 2016-09-23


Source: Business Standard

Eighteen garment companies received fines of more than $682,000 for violating labor laws, state regulators announced. The businesses, all based in Los Angeles, were inspected this month by the California labor commissioner’s office.

Date : 2016-09-11


Source: Business Standard

The ministry of textiles has notified a scheme for Rebate of State Levies on Export of Garments (ROSL). This, first of its kind, has unique features and will apply with 'Let Export Order' dates from September 20 onwards.

Date : 2016-09-05


Source: Bangkok Post

With increased shipments of garment, overall exports to the US rose 1.12 percent to $3.6 billion in the first seven months of this year, according to data from the US Department of Commerce.

Between January and July, manufacturers exported $3.36 billion of garment products to the US, Bangladesh's single largest export destination. The number is a 0.87 percent rise year-on-year.

Date : 2016-08-23


Source: Bangkok Post

Political uncertainty in Cambodia has forced the garment and footwear industry to look to alternative countries to meet production needs, forcing more than 70 factories to close and a sharp drop in orders, a senior official from the Garment Manufacturers Association in Cambodia (GMAC) said.

Date : 2016-08-20


Source: Fibre2Fashion

The Union ministry of textiles has notified the rebate of state levies, which were not refunded earlier to the garment exporters, as announced in the special package for garment sector.
The rebate shall be given under the 'Scheme for rebate of state levies on export of garments 2016'. The scheme will come into effect from September 20, 2016 and will remain in operation for a period of three years.

For the scheme, the amount of rebate shall be calculated using the FOB value of the garment exported.

Date : 2016-08-11


Source: Development and Cooperation

Date : 2016-07-30


Source: East Asia Forum

Vietnam has transformed from one of the world’s poorest countries to a lower middle income economy in just 25 years. Beginning in 1986, Vietnam undertook key structural reforms in various areas, including state-owned enterprise (SOE) reform, private sector development, financial reform, public expenditure management and trade liberalisation. The World Bank predicts that Vietnam could be at the same income level that Malaysia is today by 2035 if the government embraced a number of further structural and institutional reforms.


Date : 2016-07-21


Source: The Economic Times

COIMBATORE: The Madras high court court has ordered a pay rise of up to 30 per cent for hundreds of thousands of garment workers in the southern state of Tamil Nadu, the first minimum wage hike in more than 12 years.