Global Textiles & Apparels - Daily E-Paper Global Textiles & Apparels E-PAPER - (07 August 20

Daily E-Paper MAHENG/2007/20880 Vol. 01 No. 110 Mumbai, Tuesday, 07 August 2018 Pages 06 BKMEA conducted workshop Government to boost Domestic Manufactures INSIDE NEWS Bangladesh: by the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) had conducted a workshop at Dhaka. Participated in the workshop had discuss on “Developing Capacity Building Framework for Green Industry in RMG Sector in Bangladesh” by BKMEA, sponsored by the Commerce Ministry and funded by France Development Agency (AFD), experts reportedly highlighted on the so called challenges of lack of technical expertise, limited availability of resources, lack of knowledge and technology to go green, scarcity of land, poor data management at the factory level, lack of branding and strong support from brands and buyers, and an acute scarcity of experts on the US Green Building Council (USGBC) guideline. Mumbai: The Indian Government has announced the launch of a new initiative S A AT H I ( S u s t a i n a b l e a n d Accelerated Adoption of efficient Textile technologies to Help Small Industries), a joint collaboration of Ministry of Textiles and Ministry of Power, to encourage small powerlooms to adopt energy efficient technologies and reduce cost. Energy Efficiency Services Limited (EESL), a public sector entity under Ministry of Power, would procure energy efficient powerlooms, energy efficient IE3 motors and Rapier kits in bulk and will provide to small and medium powerlooms at no upfront cost. The pilot study will include powerloom clusters at Ichalkaranji, Bhiwandi, Erode, Surat, Bhilwara and Panipat. The unit owners will repay the instalments to EESL over a period of 4 to 5 year, with the savings up to 10-15 per cent that accrue as a result of higher efficiency equipment and cost savings. The Indian powerloom sector is mainly an unorganized sector and has over 24.86 lakhs units. These micro and small units account for 57 per cent of the total fabric production, but still operate on old and obsolete technologies. India to boost Powerloom Sector 97 Garment Workers Fired Myanmar: Around Ninety- seven garment workers in Mandalay Region was sacked by their employers for refusing to sign a government contract, which they deemed as disadvantageous to the employees. The Panda Textile and Garments factory said the management had warned 300 workers who have yet to sign the employment contract that they would also be fired if they continue to defy the order. Last week, up to 150 workers protested over the insistence of the management for the employees to sign the contract. The fired workers were among those who joined the protest. The factory issued a notice informing its workers that the decision to compel the workers to sign the employment contract did not come from the management but from the government, which used to operate the factory. Subscribers of Global Textiles & Apparels are requested to update their profile & contact information by sending us e-mail, so that can be put on the Regular Mailing List. E-mail: [email protected] / [email protected] Mumbai: The Government had doubled import duty on over 50 textile products -- including jackets, suits and carpets. The Government is likely to hike import duty on about 300 textile products to boost domestic manufacturing and create employment opportunities. Foreign direct investment norms for the sector may also be relaxed. Products on which imports duties are expected to increase includes some fabrics, garments and man-made fibres. The duties could be enhanced to 20 per cent from the current level of about 5-10 per cent. Increase in duties would give an edge to domestic manufacturers as the imported products are relatively cheaper. Increase in manufacturing activity will help create jobs in the sector, which employs about 10.5 crore people. Through a notification, the Central Board of Indirect Taxes and Custom (CBIC) had hiked import duties as well as raised the ad-valorem rate of duty for certain items. The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments. Raymond Q1 Financial Results Mumbai: Raymond has announced its financial results for the first quarter ended on June 30, 2018. The textile manufacturing company’s consolidated net profit reached Rs 1.92 crore as compared to a net loss of Rs 5.87 crore in the corresponding period a year ago. Page 06