Courtesy: Sunrise Imports & Exports Co.Sunrise Imports & Exports Company is going to display its latest machinery for the textile weaving sector at the upcoming Surat International Textile Expo (SITEX) to be held from January 4-6, 2019. Sunrise deals in products from one of the top quality textile machinery manufacturers in China. The company also provides complimentary after-sales service. “At our booth IS 361, we are going to showcase our latest models of water jet looms, high-speed

The Bihar state Khadi and Village Industries Board (KVIB) recently signed an agreement in Patna with Raymond Ltd to sell the state’s khadi fabrics under the brand name ‘Bihar Khadi’ through its retail outlets across India. Raymond will directly procure khadi fabrics from weaver organizations in Bihar above the base cost and sell them through its outlets. A memorandum of understanding (MoU) to this effect was signed between BN Prasad, the CEO of KVIB and Pramod Pradhan, category head of the p

The Confederation of All India Traders (CAIT) has urged the government to create an Independent Regulatory Authority for E Commerce to regulate and monitor the e-commerce trade. The said Authority should be duly empowered to take action against any entity which defy the policy and ensure that the policy is strictly implemented in its true letter and spirit. “FDI norms as spelled out in the policy (recently by the government) should also be made applicable on domestic e-commerce players as wel

Courtesy: Francesco Paggiaro from PexelsTo facilitate restructuring of micro, small and medium enterprises (MSMEs) accounts that have become stressed, the RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade. The restructuring has to be implemented by March 31, 2020. “To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and

Courtesy: TrunkclubThe most searched fashion style in America is smart casual, which has been found most popular in 21 states, according to an analysis by Trunk Club, a personal styling service for men and women, which examined the most searched fashion styles in 2018 across all 50 states to see what styles and style questions people across the country are searching for. The study examined more than 400 different search engine queries about specific style questions (such as what to wear with

Around 70 per cent of European Parliament lawmakers recently backed the European Union (EU)-Japan agreement that binds two economies accounting for about a third of global gross domestic product and signals their rejection of protectionism by launching the world's largest free trade zone early next year. Japan's parliament also approved it recently. EU trade commissioner Cecilia Malmstrom said the deal would bring clear benefits to EU companies and farmers. The EU-Japan agreement will re

The All Pakistan Textile Mills Association (APTMA) has urged the government to ensure low cost of inputs to cotton farmers, implement a law relating to zoning system to regain cotton are and quickly provide quality cotton seed and extension services to farmers. It also demanded a regulatory regime for quality seed production and elimination of pest adulteration. Association chairman Syed Ali Ahsan and patron-in-chief Gohar Ejaz have also appreciated Prime Minister Imran Khan for his initiati

The US India Chambers of Commerce (USAIC), a wing of the US Chambers of Commerce has urged the Indian government to delay implementation of the new restrictions on e-commerce announced this week. USAIC said that the February 1, 2019, deadline for the restrictions coming into force does not allow sufficient time for companies to analyse the policy and comply. “While we are still trying to understand the full implications, we fear that these restrictions will have a far-reaching negative impact

With the apparel sector contributing more than 83 per cent to the country’s total exports, the Bangladesh readymade garment (RMG) sector is bursting with self-confidence. Bangladesh’ RMG industry—the second in the world in terms of production and exports—seems on its way to achieve $50 billion export target by 2021, writes Jozef De Coster from capital Dhaka. Nobody could have predicted that the RMG industry of Bangladesh, which started very small in the 1980s (exports didn’t exceed $3.5 milli

Vietnam’s textile-garment sector has grossed over $36 billion in export turnover this year, up 16.01 per cent against the previous year, according to Vietnam Textiles and Apparel Association (VITAS) chairman Vu Duc Giang. This is the highest rise over the past three years, compared with 12.1 per cent in 2015, 4.07 per cent in 2016, and 10.8 per cent in 2017. In 2018, the export turnover of clothes hit $28.78 billion, up $14.45 per cent; while that of fabric was $1.66 billion, up 25.5 per cen