6/17/2009 | 0
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Government plans to boost the Indian Textiles
Written By Views maker on June 12, 2009 | 6/12/2009
The new UPA government has planned to boast the declining textile exports of the country, Thou the action plan is too late many textile exporters would welcome this move from the government. Apart form the below power cut problems and labour shortage is another area were government will have to focus on..
As part of the short-term strategy, the government will try to rationalize the fiscal structure, exporters exempt from service tax, reduce interest rates on pre- and post- shipment credit, and facilitate faster clearance of arrears of terminal excise duties and central sales tax say the textile minister.
The assurance comes in the backdrop of around 2 per cent decline in India's textile exports, which are estimated at $21.75 billion in 2008-09, due to slump in key markets such as the US and Europe.
6/12/2009 | 0
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SIHMA has announced 7% hike in knitwear products..
Written By Views maker on June 07, 2009 | 6/07/2009
Tirupur manufacturers has been supplier inner wear and knitted garments to various parts of India on a regular basis, The association of the hosiery 
The yarn manufacturers have increased the price due to the increasing power cut which is causing a huge loss of production. If government leave these issues unattended this industry shall loose it's competitive advantage. It's important that government make the cotton available through cotton corporation of India and provide adequate uninterrupted power supply to spinning mills.
6/07/2009 | 0
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Vietnam increases it's exports to Japan by over 20%
Written By Views maker on June 06, 2009 | 6/06/2009
According to Vitas, Japan is now Vietnam's third largest garment export market, accounting for 9 percent of the country's total export revenue of US$820 million in 2008.
The turnover of Vietnam's garment exports to this market is expected to reach US$1.1 billion by 2010, up by 16.7 percent. According to the Vietnam Textile and Apparel Association (Vitas), in the first five months of the year, Vietnam's garment export turnover to Japan hit nearly US$400 million, a 20 percent increase over the same period last year. The figure is expected to reach between US$900 million and US$1 billion for the whole year, up by 20 percent. In addition, the Vietnam-Japan Economic Partnership Agreement (EPA) has helped to create a favourable business environment in various fields. Under the agreement, garments from Vietnam and other ASEAN countries exported to Japan have enjoyed a preferential tax rate of zero percent since earlier this year.
6/06/2009 | 0
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Bangladesh exports feel the heat of low pricing..
Written By Views maker on June 02, 2009 | 6/02/2009
Bangladesh Export Promotion Bureau data show a 0.22 percent decline in the price index of all products, including RMG, in March, while the February decline was 2.29 percent. In the case of primary products, the price index declined to 4.90 percent in July-March period, compared to the 14.08 percent in the first eight months of the outgoing fiscal year.
A low price now being offered for apparels from international buyers has become a concern for Bangladesh exporters,every year buyers are cutting prices of Bangladesh made readymade garment (RMG) products, although raw material prices are on the rise. on the back of ongoing global financial meltdown and higher costs of doing business. The exporters lament they are offered a price that is 10 percent lower than they were offered before the recession, for which they could hardly make any profit. However, some exporters see the new buyers' leaning towards Bangladesh as a positive side. A considerable number of buyers arrive here to place export orders because they find the RMG prices in other countries higher. Despite around 20 percent rise in the cost of doing business last year, an intense competition in the sector meant producers had been unable to pass the higher costs on to buyers. Erratic gas and power supply, higher cost of fund, higher freight charges--both in local and international markets, yarn price hike, implementation of the minimum wage for workers, higher transport costs, weak infrastructures and higher prices of capital machinery caused such a higher cost of doing business.
6/02/2009 | 0
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