Bangladesh Garment Industry: Embracing Diversification Beyond Cotton

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Published: Saturday, 06 April 2024 01:47

The garment industry in Bangladesh, a key pillar of the nation's economy, is undergoing a strategic transformation aimed at diversifying beyond traditional cotton fibers. This shift comes in response to a comprehensive study titled "Beyond Cotton," commissioned by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which underscores the need for embracing alternative fibers to remain competitive in the global market.

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Indian Exporters Urge Government to Reconsider New Tax Mandate for MSMEs

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Published: Wednesday, 03 April 2024 16:04

Indian exporters are raising concerns over the implications of Section 43B(h) of the Income Tax Act, which mandates timely payments to micro and small enterprises (MSMEs). They fear that without a level playing field, they may lose opportunities to global competitors, prompting export promotion councils to appeal for exemptions from this provision.

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Innovations Propel China's Textile Industry to Global Prominence

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Published: Wednesday, 03 April 2024 05:56

The Chinese textile industry is experiencing a renaissance driven by relentless innovation, catapulting it into a leading position in the global market. This surge in innovation is transforming traditional practices and ushering in an era of advanced manufacturing, setting a new benchmark for efficiency, sustainability, and competitiveness.

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  1. Philippine Garment Exporters Advocate for Textile Mill Construction
  2. Indonesian Ministry of Trade Supports Domestic Textile Industry Through New Regulations
  3. Pakistan Faces Looming Crisis as 50% of Textile Firms May Shut Down
  4. China's Textile and Clothing Exports Experience 8.1% Decline in 2023