Tiruppur, June 3 (IANS) Cotton yarn prices have registered their first major decline this year, offering relief to Tiruppur’s knitwear and textile industry in Tamil Nadu after months of rising raw material costs that had put manufacturers and exporters under severe pressure. The reduction follows the Central government’s decision to temporarily exempt cotton imports from customs duty between June and October, a measure aimed at increasing supply and stabilising prices in the domestic market….
Latest garment manufacturers News & Updates
New Delhi, Jan 24 (IANS) The Bangladesh Textile Mills Association (BTMA) announcing an indefinite shutdown of mills, along with dispute over duty-free yarn imports between textile millers and garment exporters, has raised alarm over Readymade garments (RMG) exports in the neighbouring country ahead of the national election scheduled for February 12, according to a report.RMG exports account for about 85 per cent of Bangladesh’s total export earnings. More than 10 lakh workers employed in the sec…