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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.

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.

A prominent trade association representing garment exporters in the Philippines is urging the government to facilitate the construction of new textile mills in anticipation of an expected surge in demand for these goods once the Philippines enters into a free trade agreement (FTA) with the European Union (EU).

Last year, the Indonesian Ministry of Trade took concrete steps to support the growth of the domestic garment industry by issuing two new regulations. These regulations, Minister of Trade Regulation No. 31 of 2023 concerning Business Licensing, Advertising, Guidance, and Supervision of Business Actors in Trade through Electronic Systems, and Minister of Trade Regulation No. 36 of 2023 related to import policies and regulations, were designed to enhance protection and supervision of the domestic garment industry.

  1. Pakistan Faces Looming Crisis as 50% of Textile Firms May Shut Down
  2. China's Textile and Clothing Exports Experience 8.1% Decline in 2023
  3. Bangladesh's Apparel Exports Surge 20.54% to Non-Traditional Markets in 2023
  4. Indian Government Allocates ₹52 Crore Subsidy to Empower Ichalkaranji Powerloom Megacluster