Home / Knowledge / News / Apparel/Garments / Ripe time to declare another stimulus package - Bankers
Ripe time to declare another stimulus package - Bankers
Sep '09
A second stimulus package is necessary to impel the momentum received from the release of the first stimulus package was the unanimous opinion of the bankers and industry, at a meeting held in HCM city.

According to one of the bankers, "The first package has helped many companies and business households maintain production and even expand and the second stimulus package should have a narrower scope and objective”.

Another banker suggested that apparel, footwear and seafood exporters should be given priority and that the second stimulus package should not offer a subsidy of more than 2 per cent or a loan period of more than six months.

Pham Ngoc Hung, Deputy Chairman of the HCM City Business Association, suggested that the second package should last until the end of next year and focus on small- and medium-sized businesses which employ a large number of workers.

According to a report, industrial production has grown gradually since the launch of the first stimulus package and grew by 5.5 percent in the first eight months, when compared to the same period last year.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search