Home / Knowledge / News / Apparel/Garments / Govt urged to clear pending R&D claims
Govt urged to clear pending R&D claims
28
Oct '10
The government has been requested to instantly clear the pending 60 percent Research and Development (R&D) claims for 2008-09 and to give directions to the banks not to ask for mark-ups on loans granted in 2009.

The inconsistent policies of the government and its failure to fulfill the promises for clearing unreasonably held payments of exporters have exerted serious pressures on the garment sector.

The government has still not cleared the four-year pending sales tax dues to the garment exporters, apart from the Research & Development (R&D) funding. The worldwide economic slowdown had severely affected the labor-intensive textile industry.

The government had maintained a safe distance from the actual problems of the industry. This attitude of the government is unlike the timely measures taken by the governments of India, Bangladesh and China, which took immediate measures to announce incentives for their textile industries when the global financial crisis had put their exports in danger.

The passive attitude adopted by the government did not allow Pakistan to harness the benefit of its low labor cost, which was even less than the labor costs in India, Sri Lanka, Indonesia and China. The garment sector in Bangladesh and Cambodia has wages which are lower than the wages in Pakistan.

Fibre2fashion News Desk-India


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search