There was no agreement reached by a governmental advisory council yesterday about the possible sale of 16 Beximco Group textile and apparel facilities, according to reports.
Manufacturing News
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KHAGA has appealed to Union Finance Minister Nirmala Sitharaman to reject the proposed GST hike on textiles, fearing it could harm the garment industry, lead to job losses, and make ethnic apparel unaffordable. The association warns of economic consequences and an increase in informal market activity.
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Manufacturing
Textile sector to likely see 15 per cent hike in Budget 2025-26 to push domestic growth and exports
The Ministry of Textiles is likely to receive a 15 per cent increase in its allocation, reaching an estimated US $ 587 million
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The Haryana government is considering the development of a new footwear park in Jhajjar, aimed at fostering industrial growth and generating employment. Deputy Commissioner Pradeep Dahiya shared that the project will open doors for new opportunities, following the success of the existing footwear park in Bahadurgarh.
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Envoy Textiles Limited, a prominent denim manufacturer from Bangladesh and the first company in the world to achieve LEED certification for denim production is set to open a business office in the United States.
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Indonesia’s garment industry is facing severe job losses, with up to 80,000 jobs lost last year, as Chinese goods flood the market at below-cost prices. Industry leaders warn that without Government action to stop illegal imports, hundreds of thousands of workers could be laid off. Tariff concerns also add pressure.
